250 East 40TH Street #21C, New York City, NY 10016
Listing Courtesy of Douglas Elliman Real Estate
$628,000
Potential Rebate: $9,420
Overview
<p> </p> <p>Spectacular High-Floor Condo Studio w/Balcony in Full-Service Building w/Pool</p> <p> </p> <p> OPEN HOUSES are BY APPOINTMENT ONLY</p> <p> Quiet and bright, this spacious 21st floor studio in a 24-hr. doorman condominium with a swimming pool makes for a perfect first home, pied-a-terre or investment property. </p> <p> This wonderful apartment features a gracious entry foyer preceding a large north-facing living room which easily accommodates living, dining, and sleeping areas plus a home office. The private balcony offers views of Tudor City and a peek of the East River. The spacious kitchen offers full size appliances, including brand-new range, dishwasher and microwave, incredible storage and plenty of counter-top workspace. With a large pass thru to the living room and a breakfast bar, the apartment is perfect for those who like to cook and entertain. </p> <p> Additional features of the home include a spacious updated limestone bathroom, an enormous closet as well as central heat & AC. </p> <p> If occupied as a primary residence and eligible for the NYC Cooperative and Condominium Abatement, the real estate taxes would be approx. $572/month. Please consult your attorney regarding the abatement and eligibility.</p> <p> There is a capital assessment of $65.22/mo.</p> <p> The Highpoint Condominium is a full-service, pet-friendly building with a 24-hour doorman, concierge, live-in superintendent, fitness center, central laundry room, bike storage and common storage room for suitcases. The fitness center features a 40-foot swimming pool, cardio equipment, weight training, a Jacuzzi, sauna, steam room and locker rooms as well as a children’s play area. The building does not permit certain breeds of dog.</p> <p> Residents of The Highpoint enjoy this convenient midtown location just a few blocks from One Vanderbilt & Grand Central Terminal. Superb public transportation includes the 4,5,6,7 train lines, select buses, Metro-North and the LIRR. Shopping and dining options abound including Ermina's (Westside Market), Grand Central Market, Amish Market East, Trader Joe’s, Fairway, & Dag Hammarskjold Green Market, as well as Daniel Boulud’s Le Pavillon, The Capitale Grill, Grand Central Oyster Bar, Smith & Wollensky and Madison & Vine among many others.</p> <p> All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings should be verified by your own attorney, architect or zoning expert. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer. No representation is made as to the accuracy thereof, and such information is subject to errors, omission and change of price, rental, c ommission, prior sale, leasing, or withdrawal without notice.</p>
Home Features
- •Central Air
- •Building Courtyard
- •Balcony
- •Private Outdoor Space Under 60 Sqft
- •City Lights
- •City
Building Amenities
- •Sauna
Estimated Monthly Payment
$3,755 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$9,420
Monthly savings impact
$26/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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 and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Douglas Elliman Real Estate
Data Source: TRESTLE #RLS20043963
Price Analysis
Compare average listing prices and value metrics for The Highpoint against the surrounding Murray Hill market.
Average List Price
Price Per SqFt
84.89% Lower
than the Murray Hill price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Murray Hill
Overview of Murray Hill
Murray Hill is a charming, somewhat relaxed enclave on the East Side of Manhattan, spanning roughly from 34th to 40th Streets. Known for its recent college graduate population, it also boasts historic districts with stunning townhouses. For those seeking Murray Hill Manhattan real estate, the neighborhood usually offers more space for your money than its neighbors.
Living in Murray Hill, Manhattan offers a residential vibe that feels distinct from the corporate towers of Midtown to the north. It is a mix of high-rise apartment complexes and tree-lined blocks of brownstones. As a popular Manhattan NYC neighborhood, it strikes a balance between a lively bar scene on Third Avenue and quiet, upscale living on Park Avenue.
Real Estate & Housing Market
The market for homes for sale in Murray Hill is viewed as a value pocket in Manhattan. You can find everything from affordable post-war co-op studios to multi-million dollar historic townhouses in the Murray Hill Historic District. It attracts a wide demographic, from young finance professionals renting their first apartments to established families owning entire brownstones.
The "Corinthian" and other condo towers offer full-service luxury living. The area is steady and reliable for investment, with strong rental demand from the nearby medical mile (NYU Langone) and UN workers. Prices here are generally more accessible than in Flatiron or Gramercy.
Lifestyle & Community
The lifestyle in Murray Hill is social and active. The neighborhood is famous for its nightlife along Third Avenue, which is bustling with sports bars and restaurants. However, west of Lexington Avenue, the vibe transforms into one of quiet elegance, with carriage houses and diplomatic residences.
Community amenities are strong, with the St. Vartan Park providing a local playground and sports courts. The proximity to Grand Central makes it a convenient choice for commuters, while the varied housing stock allows residents to "move up" within the neighborhood as they progress in their careers.
Transportation & Accessibility
Murray Hill is well-served by transportation. The 4, 5, 6, 7, and S trains at Grand Central are a short walk away, as is the 33rd St station for the 6 train. The neighborhood is also a hub for the select bus service, making crosstown travel easier.
Access to the Midtown Tunnel allows for quick escapes to Long Island and the airports. For daily commuting to Wall Street or Upper East Side, the Lexington Avenue line (4/5/6) is the lifeline of the neighborhood.
Parks, Schools & Amenities
While green space is at a premium, St. Vartan Park is a beloved community hub. The East River Ferry at 34th Street is a game-changer, connecting residents to Brooklyn, Queens, and Wall Street via a scenic boat ride.
The area is home to the Morgan Library & Museum, a cultural treasure. Amenities like Trader Joe’s, Fairway, and a plethora of gyms and dry cleaners cater to the busy professionals who live here.
Who This Neighborhood Is Best For
Murray Hill is best for recent graduates and young professionals seeking a fun social scene ("Murray Hill" is often nicknamed "Curry Hill" for its Indian restaurants or associated with post-grad life). However, the historic district is ideal for those seeking townhouse living at a relative discount.
