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240 East 55th Street, 4-A

Turtle Bay, Manhattan | Third Ave & Second Ave

Alcove Studio 1 BathCo-op

$425,000
Maintenance$1,168

Listing Features

  • Hardwood Floors

Outdoor space and views

  • South Exposure

Building Amenities

  • Part-Time Doorman
  • Bike Storage
  • Elevator
  • Garage
  • Laundry Room
  • Storage

Policies

  • No Dogs. Cats Allowed.
  • Pieds A Terre Ok

Property Description for 240 East 55th Street, 4-A

Well-Proportioned Alcove Studio in a Quiet, Garden-Facing Setting Welcome to 4A at 240 East 55th Street, a well-proportioned alcove studio with a comfortable and functional layout in a prime Midtown location. The dedicated sleeping alcove creates a natural separation between the living and sleeping areas, offering a practical alternative to a traditional studio layout. The apartment features a south-facing exposure overlooking a quiet garden, offering a peaceful setting away from the bustle of the city. Generous closet space adds valuable storage, making this a particularly practical home for its size. 240 East 55th Street is an intimate cooperative of just under 100 units featuring a part-time doorman, live-in superintendent, full-time porter, laundry room, and common storage and bike room. The building offers a flexible board policy, allowing pied-à-terres, co-purchases, parents purchasing for children, guarantors, and gifted purchases. After one year of residency, shareholders may sublet indefinitely. There is no flip tax. Cats are welcome; sorry, no dogs. Ideally located in Midtown East, the building is surrounded by an excellent array of shopping, dining, fitness, and transportation options. Whole Foods, Equinox, Bloomingdale's, Rockefeller Center, numerous restaurants and shops, and multiple subway lines are all nearby, with Central Park just a short distance away. A great opportunity to own a well-laid-out alcove studio with generous storage, a peaceful garden-facing setting, and a convenient Midtown location.

Listing History for 240 East 55th Street, 4-A

Now
09/29/2026
$425,000
Initial Price by Morgan Turkewitz
Compass
2026

Building Details for 240 East 55th Street

OwnershipCo-op
Building TypeMid-Rise
Service LevelPart-Time Doorman
AgePost-War
AccessElevator
Year Built1959
Financing Allowed75%
Floors/Apts14/96
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/53 St
0.11 miles
51 St
0.26 miles
59 St
0.31 miles
Lexington Av/59 St
0.32 miles
5 Av/53 St
0.45 miles

Railroad

Grand CentralLong Island Rail Road
0.48 miles

Citi Bike

E 55 St & 2 Ave
0.05 miles
E 56 St & 3 Ave
0.09 miles

Building Availability

APPSF
Median
Average
$731
$450,000
$450,000
Last 12 months
-
-
-
Last 12 months
$79
-
-

AlcoveStudio in Turtle Bay

APPSF
Median
Average
$934
$425,000
$455,778
$872
$432,500
$453,833

Turtle Bay | Manhattan

Quick Profile

Turtle Bay is best known for hosting the world’s dignitaries at United Nations once a year as the world institution sits on the eastern edge of the neighborhood along the East River.

But this midtown location offers a lot more, a bustling neighborhood teeming with high-rise apartment buildings and an easy walk to the Midtown business district.

Over the past two decades, developers have assembled almost every corner development site along Second Avenue and have built straight up. Not much left to assemble.

Some of the more glamorous, and of course most expensive, addresses are in close proximity to the United Nations. Trump World Tower, which caused a big stir with area residents, in particular, Walter Cronkite, when it was built sits just north of the United Nations Grounds. 

In contrast to the proliferation of the residential highrise, Turtle Bay does have some lovely tree-lined streets between the avenues. In particular, Turtle Bay Gardens, which fronts both 48th Street and 49th Street between Third and Second Avenue has always been a haven for the rich and famous.

Similar Listings in Turtle Bay

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1977114