New York City  »  10016  »  E 38th St  »  242 E 38th St

242 East 38th Street, New York, NY 10016 - Property report

Also known as: 699-705 2nd Ave

Property image for 242 East 38th Street, New York, NY 10016
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Property type

Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4)

Year built

1955

Lot sq. ft.

6,287

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
242 East 38th Street
Alternate address(es)
242-244 E 38th St
699-705 2nd Ave
ZIP code
10016
Neighborhood
Murray Hill
Borough
Manhattan
Block & lot
00918-0035

Owner

Find out who owns 242 East 38th Street, New York, NY 10016. Uncover corporate and individual owners with a free account.

Building
Property type
Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4)
Building sq. ft.
30,662
Building dimensions
78 ft x 76 ft
Buildings on lot
1
Stories
6
Year built
1955
Last altered
1982
Tax
Tax year
2026-2027
Property tax
$430,566
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
40
Residential sq. ft.
Commercial units
4
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
2 Avenue (wide)
East 38 Street (narrow)
Distance to wide street
Lot dimensions
78.58 ft x 80 ft
Lot sq. ft.
6,287

Area overview

Walk score
99 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
83 /100.  Very Bikeable
School district
2
Community district
6
Closest police station
0.67 Miles
Closest fire station
0.08 Miles

View more such as transportation, nearby schools and risk designations.

Units for 242 East 38th Street, New York, NY

Unit Sale date Sale price Sq. ft. Price/Sq. ft.
Unit 1A 04/03/2025 400
Unit 2A 07/16/2019
Unit 2C 11/10/2006 650
Unit 2D
Unit 2E 02/26/2018
Unit 2F 11/29/2017
Unit 2G 06/10/2005
Unit 2H 03/17/2021
Unit 3E 01/18/2022 450
Unit 3F 05/27/2010
Unit 3G 03/02/2020 475
Unit 3H 11/30/2021 475
Unit 4A 12/08/2022
Unit 4B 08/10/2023 600
Unit 4C 04/27/2017
Unit 4D
Unit 4E 12/05/2005 500
Unit 4G 05/18/2023
Unit 4H 10/13/2025
Unit 5B 04/13/2020
Unit 5C 08/26/2004
Unit 5D 01/05/2015
Unit 5E 06/09/2026
Unit 5F 02/29/2024
Unit 5G 07/05/2012
Unit 5H 03/19/2026
Unit 6A
Unit 6B 09/09/2025
Unit 6C 09/18/2013 900
Unit 6D 09/21/2007
Unit 6E 03/10/2005
Unit 6G 03/17/2022
Unit 6H 07/08/2011
Ownership

Ownership information for 242 East 38th Street, New York, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 242 East 38th Street, New York, NY 10016

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/22/2021 - R
01/04/2021 - D		 Both RPTT and RETT
(2021011900845004)		 XXXXXX XX XXXXXX XXXXXXXXX XXXX XXX XXXXXX X XXXXXXXXX
09/23/2016 - R
05/19/2016 - D		 Asgn of Asgn of L&R
(2016092200537002)		 XXXXXXXX XXXXXXXXXXX XXXX X X XXXXXX XXX
09/23/2016 - R
05/19/2016 - D		 Assignment, Mortgage
(2016092200537001)		 XXXXXXXX XXXXXXXXXXX XXXX X X XXXXXX XXX
05/09/2016 - R UCC3 Termination
(2016042600582007)		 XXX XXXX XXXX XXXXXX XXXXXXX XXXX XXXXXXXX XXXXX XXXX XXXXXXXXXX XXXXXXX XXXXX XXXX
05/09/2016 - R
04/21/2016 - D		 Termination of Assign of L&R
(2016042600582006)		 XXX XXXX XXXX XXXXXX XXXXXXX XXXX XXXXXXXX XXXXX XXXX XXXXXXXXXX XXXXXXX XXXXX XXXX
05/09/2016 - R
04/21/2016 - D		 Satisfaction of Mortgage
(2016042600582005)		 XXXXXXXX XXXXXXXX XXX XXXXXX XXXXXX XXXXXXX XXXX
05/09/2016 - R
04/21/2016 - D		 Asgn of Asgn of L&R
(2016042600582004)		 XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXX
05/09/2016 - R
04/21/2016 - D		 Assignment, Mortgage
(2016042600582003)		 XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXX
05/09/2016 - R
04/21/2016 - D		 Assignment of Leases and Rents
(2016042600582002)		 XXX XXXX XXXX XXXXXX XXXXXXX XXXX XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX
05/09/2016 - R
04/21/2016 - D		 Mortgage
(2016042600582001)		 XXX XXXX XXXX XXXXXX XXXXXXX XXXX XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 242 East 38th Street, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$430,566
Municipal exemptions
Recent tax assessments
Market value
$10,888,000
Assessed value
$4,899,600

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $9,176,000 $4,129,200 $3,548,855 12.439% $455,904 $441,442 +17.17%
2024/25 $8,592,000 $3,866,400 $3,441,233 12.5% $445,576 $376,766 +0.74%
2023/24 $9,100,000 $4,095,000 $3,490,857 12.502% $444,682 $374,007 +5.66%
2022/23 $7,783,000 $3,502,350 $3,351,113 12.267% $419,818 $353,983 +5.08%
2021/22 $7,329,000 $3,298,050 $3,220,092 12.235% $403,516 $336,879 -15.90%
2020/21 $7,685,000 $3,458,250 $3,265,515 12.267% $410,044 $400,581 +1.51%
2019/20 $7,624,000 $3,430,800 $3,163,702 12.473% $404,245 $394,609 +2.87%
2018/19 $7,605,000 $3,422,250 $3,041,501 12.612% $394,368 $383,594 +1.66%
2017/18 $7,743,000 $3,484,350 $2,966,580 12.719% $383,699 $377,319 +2.03%
2016/17 $7,822,000 $3,519,900 $2,868,580 12.892% $376,511 $369,817 +10.54%
Permits

Permit information for 242 East 38th Street, New York, NY

Filing date Job type Job status Job description Initial cost
03/08/2022 Alteration
03/06/2022 Alteration
04/13/2021 Alteration
12/21/2020 Alteration type 2
08/27/2015 Alteration type 3

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID Inspection date Class NOV issue date Status
04/29/2026 A
11/15/2023 I
11/02/2022 I

*Most recent HPD violations on record for this property.

Neighborhood

Murray Hill, Kips Bay residential market stats

Access a detailed real estate market overview of Murray Hill, Kips Bay so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Murray Hill, Kips Bay and compare it to other neighborhoods in Manhattan.

Median sale price

—

Median price/sq. ft.

—

Manhattan median sale price

$1,260,000

5.4% Y-o-Y

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
6

Subway & traffic

Closest station
3rd Ave & 42nd St at SW Corner
Station lines
GS-4-5-6-7
Distance (miles)
0.25
View subway map

Access the detailed traffic volume map for 242 East 38th Street, New York, NY 10016 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 116 Mary Lindley Murray 7 Yes Public PK, K-5 353 0.25
P.S. 116 Mary Lindley Murray 7 Yes Public PK, K-5 353 0.25
River School (The) 8 No Public PK, K-5 459 0.22
River School (The) 8 No Public PK, K-5 459 0.22
Lyceum Kennedy French American School NR No Private PK, K-12 0 0.28
Lyceum Kennedy French American School NR No Private PK, K-12 0 0.28
Lyceum Kennedy Japanese School NR No Private PK-12 197 0.28
Lyceum Kennedy Japanese School NR No Private PK-12 197 0.28
Aaron School NR No Private K-12 169 0.38
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Jhs 104 Simon Baruch 8 Yes Public 6-8 891 0.85
Lyceum Kennedy French American School NR No Private PK, K-12 0 0.28
Lyceum Kennedy Japanese School NR No Private PK-12 197 0.28
Aaron School NR No Private K-12 169 0.38
Aaron School K - 12 NR No Private K-12 185 0.41
The Churchill School and Center NR No Private K-12 399 0.42
47 the American Sign Language and English Lower School 4 No Public PK, K-8 176 0.69
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Lyceum Kennedy French American School NR No Private PK, K-12 0 0.28
Lyceum Kennedy Japanese School NR No Private PK-12 197 0.28
Manhattan Academy For Arts And Languages 4 No Public 9-12 178 0.36
Murray Hill Academy 5 No Public 9-12 232 0.36
Unity Center For Urban Technologies 8 No Public 9-12 237 0.36
Aaron School NR No Private K-12 169 0.38
Aaron School K - 12 NR No Private K-12 185 0.41
The Churchill School and Center NR No Private K-12 399 0.42
American Sign Language & English Secondary School NR No Public 9-12 202 0.69

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for 242 East 38th Street, New York, NY

571 3rd Ave, New York 245 E 37th St, New York 221 E 37th St, New York 201 E 36th St, New York 224 E 38th St, New York 569 3rd Ave, New York 213 E 37th St, New York 210 E 38th St, New York 206 E 38th St, New York 204 E 38th St, New York 207 E 37th St, New York 553 3rd Ave, New York 201 E 37th St, New York 205 E 38th St, New York 557 3rd Ave, New York 573 3rd Ave, New York 567 3rd Ave, New York 583 3rd Ave, New York 555 3rd Ave, New York

Nearby ZIP codes for 242 East 38th Street, New York, NY

10010, New York City, NY 10017, New York City, NY 10020, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10119, New York City, NY 10152, New York City, NY 10154, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10170, New York City, NY 10171, New York City, NY 10172, New York City, NY 10173, New York City, NY 10174, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for 242 East 38th Street, New York, NY 10016?

The development at 242 East 38th Street, New York, NY 10016 was built in 1955.

What is the total square footage of 242 East 38th Street, New York, NY 10016?

242 East 38th Street, New York, NY 10016 has a total of 30,662 square feet.

What is the assessed value of 242 East 38th Street, New York, NY 10016?

242 East 38th Street, New York, NY 10016 is currently assessed at $4,899,600.

What are the property taxes for 242 East 38th Street, New York, NY 10016?

The property taxes for 242 East 38th Street, New York, NY 10016 total $487,901.

How many residential units does this building have?

This building has 40 residential unit(s).

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