235 East 40TH Street #2C, New York City, NY 10016
Listing Courtesy of Douglas Elliman Real Estate
$950,000
Potential Rebate: $14,250
Overview
<p> </p> <p> <strong> Renovated South-Facing 1 Bed/1.5 Bath Condo w/Balcony </strong></p> <p> <strong>OPEN HOUSES are BY APPOINTMENT ONLY</strong></p> <p> Awash in sunlight, this beautiful south-facing one bedroom with one-and-a-half baths and a wrap-balcony is the perfect primary residence, pied-a-terre or investment property. </p> <p> The property features a gracious entrance foyer preceding a south-west corner exposure living room with floor-to-ceiling windows and a private wrap balcony accessed by a pair of sliding glass doors. The living room is beautifully proportioned at approx. 16.5 feet wide by over 20 feet in length with a spacious dining area and an area for a home office. </p> <p> The newly renovated windowed kitchen with modern white shaker-style cabinetry , brand-new stainless-steel appliances and gorgeous white quartz countertops has a large pass thru to the living room, excellent countertop workspace and superb storage. It's ideal for those who like to cook and entertain . </p> <p> The extra-large south-facing bedroom easily accommodates a king-sized bed, features an en-suite Carrara marble bath and an oversized closet. Additional features of the home include a Carrara marble powder room, gorgeous new wide-plank wood floors, a spacious coat/utility closet and central heat & air conditioning . </p> <p> If occupied as a primary residence and eligible for the NYC Cooperative and Condominium Abatement, the real estate taxes would be to approx. $877 /month. Please consult your attorney regarding eligibility. </p> <p> Located between 2nd and 3rd Avenues, The Vanderbilt is the gold-standard of full-service doorman condominiums in Murray Hill. The building's amenities include a magnificent health club with a 70-foot indoor swimming pool, Jacuzzi, multiple saunas as well as cardio and weight-training equipment, a squash/racquetball/half basketball court, men's and women's locker rooms with steam showers, a furnished lounge area with a television plus a separate recreation room for yoga and ping-pong. Additional building features include a private pass-through driveway from 40 th to 41 st streets, a central laundry room and four elevators which provide convenient, direct access to the garage. </p> <p> SORRY, NO PETS and NO E-BIKES /SCOOTERS PERMITTED. </p> <p> Residents of The Vanderbilt 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> <p> </p>
Home Features
- •Balcony
- •Private Outdoor Space Under 60 Sqft
Building Amenities
- •Sauna
Estimated Monthly Payment
$5,951 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$14,250
Monthly savings impact
$40/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 #RLS20052465
Price Analysis
Compare average listing prices and value metrics for The Vanderbilt against the surrounding Murray Hill market.
Average List Price
Price Per SqFt
85.51% 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.
