| Building name | Paramount Tower |
| Primary address | Paramount Tower - 240 East 39th Street |
| Secondary address | 221-239 E 38th St |
| Neighborhood | Murray Hill |
| Zip code | 10016 |
| Borough | Manhattan |
| Block & lot | 00919-0014 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Tax class | Register |
| Estimated property tax | $7,987,710 |
| Lot sq. ft. | 37,219 |
| Lot dimensions | |
| Property type | Elevator Apartment - Luxury Type (D8)
|
| Building sqft | 624,519 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 52 |
| Year built | 1997 |
| Construction type | Register |
| School district | 2 |
| Community district | 6 |
| Closest police station | 0.62 Miles |
| Closest fire station | 0.03 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:
You will find all alternate addresses for the property in this section.
Paramount Tower - 240 East 39th Street, New York, NY 10016 was built in 1997 and has a total of 624,519 square feet.
What is the assessed value of Paramount Tower - 240 East 39th Street, New York, NY 10016 and the property tax paid?Assessed at $67,375,350, the tax amount paid for Paramount Tower - 240 East 39th Street, New York, NY 10016 is $7,810,603. For the next year, the tax amount for Paramount Tower - 240 East 39th Street, New York, NY 10016 is estimated at $7,987,710.
When was Paramount Tower - 240 East 39th Street, New York, NY 10016 last sold?Paramount Tower - 240 East 39th Street, New York, NY 10016 was last sold in 03/04/1999.
How many residential units does this building have?This building has 464 residential unit(s) and 6 commercial spaces. There are 1 active listings at this address.
View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.
| Listing type | For Lease |
|---|---|
| Listing date | 05/14/2025 |
| Last updated | 03/27/2026 |
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| Lower Level | Retail | Listing price not available | 4,333 | Jamison Weiner |
Create a free account to view the complete sales history for 240 East 39th Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for Paramount Tower - Paramount Tower - 240 East 39th Street, New York, NY 10016. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $7,810,604 |
| Estimated property tax: | $7,987,710 |
| Tax assessor's market value: | $149,723,000 |
| Assessed value: | $67,375,350 |
Here's the assessment & property tax history for 240 East 39th Street, New York, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year change |
|---|---|---|---|---|---|---|---|
| 2025/26 | $149,723,000 | $67,375,350 | $62,791,250 | 12.439% | $7,810,604 | $7,810,604 | +2.00% |
| 2024/25 | $136,135,000 | $61,260,750 | $61,260,750 | 12.5% | $7,657,594 | $7,657,594 | -4.35% |
| 2023/24 | $142,298,000 | $64,034,100 | $64,034,100 | 12.502% | $8,005,543 | $8,005,543 | +5.04% |
| 2022/23 | $138,065,000 | $62,129,250 | $62,129,250 | 12.267% | $7,621,395 | $7,621,395 | +0.16% |
| 2021/22 | $138,202,000 | $62,190,900 | $62,190,900 | 12.235% | $7,609,057 | $7,609,057 | -10.24% |
The complete history of permits filed for 240 East 39th Street, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.
Check out recently sold homes in Manhattan and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
| Hurricane evacuation zone: | 6 (See more on map) |
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Distance to Subway
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| Closest station | 3rd Ave & 42nd St at SW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | GS-4-5-6-7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.202 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | 2 Av/E 39 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | M15 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.044 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for Paramount Tower - Paramount Tower - 240 East 39th Street, New York, NY 10016.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 246 E 39th St, New York | 05/08/1998 | ||
| 571 3rd Ave, New York | 5,913 | 05/31/2022 | $4,500,000 |
| 241 E 38th St, New York | 9,415 | 09/01/2000 | |
| 222 E 39th St, New York | 168,555 | 03/25/2014 | $126,000,000 |
| 216 E 39th St, New York | 5,721 | 04/29/2005 | $2,500,000 |
| 213 E 38th St, New York | 9,720 | 01/21/2016 | $11,010,000 |
| 202 E 39th St, New York | 22,488 | 09/21/2012 | $6,500,000 |
| 569 3rd Ave, New York | 6,506 | 05/31/2022 | $7,750,000 |
| 215 E 38th St, New York | 5,292 | 01/21/2016 | $14,680,000 |
| 204 E 38th St, New York | 4,923 | 03/16/2022 | $2,500,000 |
| 243 E 38th St, New York | 14,233 | 09/01/2000 | |
| 211 E 38th St, New York | 4,616 | 01/21/2016 | $11,010,000 |
| 212 E 39th St, New York | 7,006 | 06/12/2014 | |
| 205 E 38th St, New York | 23,506 | 10/31/2023 | |
| 250 E 39th St, New York | 111,570 | ||
| 214 E 39th St, New York | 3,808 | 10/23/1998 | |
| 573 3rd Ave, New York | 82,425 | 11/28/1975 | |
| 711 2nd Ave, New York | 10,697 | 09/01/2000 | |
| 579 3rd Ave, New York | 08/20/2009 |
