$3,500,000
Active
1 days on market
242 E 40th St
📍 Murray Hill, New York, NY 10016
8.0
Beds
7.0
Baths
4,500
Sqft
$778
Per sqft
1920
Year built
Multi-family
Type
About this property
242 East 40th Street | Murray Hill | $3,500,000 A prewar (1920) five-story mixed-use building between Second and Third Avenues, a short walk from Grand Central and the 4/5/6/7 trains. • Size (per PropertyShark): About 4,498 SF built, on an 18' × 53' footprint across 5 stories, including the ground-floor retail. The lot is 18' × 99'. • Pricing : $778/SF on 4,498 SF built, or $264 per buildable SF on 13,282 SF, both per PropertyShark. • Units : 8 Units total. 7 residential units plus a ground-floor restaurant, 100% occupied. Floors 1–3 each have a studio and a one-bedroom, and the top floor is a two-bedroom. • Rent status : 5 of the residenti
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Key facts
1,778 sq ft lot
Built 1920
Property details
Property typeMulti-family
Listing statusActive
Lot size1,778 sqft
Year built1920
Days on market1 days
MLS #RLS20119220
Estimated monthly payment
Listing price$3,500,000
Down payment (20%)$700,000
Loan amount$2,800,000
Principal & interest (7%, 30yr)$18,628/mo
Property tax (est.)$3,403/mo
Home insurance (est.)$1,458/mo
Estimated total$23,489/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.