New York City  »  10016  »  E 39th St  »  240 E 39th St

Paramount Tower - 240 East 39th Street, New York, NY 10016 - Property report

Also known as: 221-239 E 38th St

Property image for Paramount Tower - 240 East 39th Street, New York, NY 10016
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Property type

Elevator Apartment - Luxury Type (D8)

Year built

1997

Lot sq. ft.

37,219

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
Building name
Paramount Tower
Primary address
Paramount Tower - 240 East 39th Street
Alternate address(es)
221-239 E 38th St
240-244 E 39th St
ZIP code
10016
Neighborhood
Murray Hill
Borough
Manhattan
Block & lot
00919-0014

Owner

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Building
Property type
Elevator Apartment - Luxury Type (D8)
Building sq. ft.
624,519
Building dimensions
97 ft x 160 ft
Buildings on lot
1
Stories
52
Year built
1997
Building material
Tax
Tax year
2026-2027
Property tax
$7,987,710
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Residential units
464
Residential sq. ft.
Commercial units
6
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
137 ft x 197.5 ft
Lot sq. ft.
37,219

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
0.62 Miles
Closest fire station
0.03 Miles

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

Ownership

Ownership information for Paramount Tower - 240 East 39th 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 Paramount Tower - 240 East 39th 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
08/31/2026 - R UCC3 Amendment
(2026082800224001)		 XXXX XXXX XXXXXX XXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
06/24/2026 - R
06/04/2026 - D		 Both RPTT and RETT
(2026061800936001)		 XXXXXXXXX XXXXXX X XXXX XXXXXX XXXXXX XXX
05/26/2026 - R UCC3 Termination
(2026051900208009)		 XXXX XXXX XXXXXX XXX XXXXXX XXX
05/26/2026 - R Initial UCC1
(2026051900208008)		 XXXX XXXX XXXXXX XXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
06/03/2026 - R
05/14/2026 - D		 Both RPTT and RETT
(2026052900873001)		 XXXX XXXX XXXXXX X X XXXX XXXX XXXXXX XXXXXX XXX
05/26/2026 - R
05/14/2026 - D		 Assignment, Mortgage
(2026051900208007)		 XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
05/26/2026 - R
05/14/2026 - D		 Mortgage
(2026051900208006)		 XXXX XXXX XXXXXX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
05/26/2026 - R
05/14/2026 - D		 Assignment, Mortgage
(2026051900208005)		 XXX XXXX XXXXXXX XXXXXXX XXXXXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
05/26/2026 - R
05/14/2026 - D		 Assignment, Mortgage
(2026051900208004)		 XXXXXX XXX XXX XXXX XXXXX XXXXXXX XXXXXXX XXXXXX
05/26/2026 - R
05/14/2026 - D		 Sundry Miscellaneous
(2026051900208003)		 XXX XXXX XXXXX XXXXXXX XXXXXXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Paramount Tower - 240 East 39th 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
$7,987,710
Municipal exemptions
Recent tax assessments
Market value
$154,022,000
Assessed value
$69,309,900

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 $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%
2020/21 $158,721,000 $71,424,450 $69,106,800 12.267% $8,477,331 $8,477,331 +20.33%
2019/20 $156,346,000 $70,355,700 $56,480,628 12.473% $8,579,417 $7,044,829 -2.49%
2018/19 $158,054,000 $71,124,300 $57,286,140 12.612% $8,802,016 $7,224,928 +29.33%
2017/18 $156,926,000 $70,616,700 $43,923,528 12.719% $8,694,820 $5,586,634 +0.83%
2016/17 $156,453,000 $70,403,850 $42,975,828 12.892% $8,609,456 $5,540,444 +41.62%
Permits

Permit information for Paramount Tower - 240 East 39th Street, New York, NY

Filing date Job type Job status Job description Initial cost
08/09/2026 Alteration
04/11/2025 Alteration
12/09/2024 Alteration
12/06/2024 Alteration
11/25/2024 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
02/22/2022 Fispnrf-no report and / OR late filing (facade) facade required
03/13/2017 E-elevator
03/13/2017 E-elevator

*Most recent DOB violations on record for this property.

Neighborhood

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% 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)
0.202
View subway map

Access the detailed traffic volume map for Paramount Tower - 240 East 39th 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

Neighbors for Paramount Tower - 240 East 39th Street, New York, NY

246 E 39th St, New York 571 3rd Ave, New York 241 E 38th St, New York 222 E 39th St, New York 216 E 39th St, New York 213 E 38th St, New York 202 E 39th St, New York 569 3rd Ave, New York 215 E 38th St, New York 204 E 38th St, New York 243 E 38th St, New York 211 E 38th St, New York 212 E 39th St, New York 205 E 38th St, New York 250 E 39th St, New York 214 E 39th St, New York 573 3rd Ave, New York 711 2nd Ave, New York 583 3rd Ave, New York

Nearby ZIP codes for Paramount Tower - 240 East 39th 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 Paramount Tower - 240 East 39th Street, New York, NY 10016?

The development at Paramount Tower - 240 East 39th Street, New York, NY 10016 was built in 1997.

What is the total square footage of Paramount Tower - 240 East 39th Street, New York, NY 10016?

Paramount Tower - 240 East 39th Street, New York, NY 10016 has a total of 624,519 square feet.

What is the assessed value of Paramount Tower - 240 East 39th Street, New York, NY 10016?

Paramount Tower - 240 East 39th Street, New York, NY 10016 is currently assessed at $69,309,900.

What are the property taxes for Paramount Tower - 240 East 39th Street, New York, NY 10016?

The property taxes for Paramount Tower - 240 East 39th Street, New York, NY 10016 total $7,987,710.

How many residential units does this building have?

This building has 464 residential unit(s).

Disclaimer

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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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