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Rent/Lease Apartment 240 E 39th St

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 240 E 39th St. This trend is projected to continue. Opportunities for subleases remain available at 240 E 39th St and in the nearby Murray Hill neighborhood.

240 E 39th St Property Overview

Building Address: 240 E 39th St, New York NY 10016
Building Name: Paramount Towers
Zip Code:10016
Neighborhood:Murray Hill
Borough:Manhattan
Stories:0
Year Built:1997
Building Class:B

History of 240 East 39th Street, Manhattan - Paramount Tower

Paramount Tower, located at 240 East 39th Street in Manhattan's Murray Hill neighborhood, is a prominent high-rise residential building completed in 1997. Designed by the architectural firm Costas Kondylis & Partners, this post-war era building stands 52 stories tall and comprises 464 residential units.

The building occupies a lot of 37,219 square feet, with a total building area of approximately 624,519 square feet. It is recognized as a luxury elevator apartment building, classified under Building Class D8. Paramount Tower features full service amenities including a 24-hour doorman, elevators, a gym, a bike room, and common outdoor spaces such as a roof deck and garden areas.

Paramount Tower was developed and is owned by EAST 39TH REALTY LLC, with Glenwood Management and Glenwood Operating Corp. involved in its development. The building is pet-friendly and designed to offer a high standard of urban living in the heart of Manhattan with views that include iconic New York landmarks.

Paramount Tower, located at 240 East 39th Street, in the Murray Hill neighborhood of Manhattan, NYC, is a notable residential building.

Built in 1997, this high-rise features 52 stories and contains 464 units, offering a mix of spacious interiors and modern amenities.

Amenities include a full-time doorman, an exercise room, elevators, a gym, bike storage, outdoor spaces, and a garage. Many units come equipped with full-size washers and vented dryers as well as custom closets.

The building also offers East River views and is pet-friendly, making it a desirable choice for residents seeking convenience and comfort in Midtown East.


  • Bike room
  • Doorman
  • Elevator
  • Laundry in building
  • Package room
  • Parking (Assigned, Garage, Valet)
  • Storage space
  • Valet service
  • Building-wide water filtration system
  • Circular drive with fountains
  • On-site management office
  • Electric vehicle charging stations
  • Spectrum service available
  • RCN service available
  • Swim and fitness center
  • Lap pool
  • Saunas
  • Children's playroom
  • Private garden
  • Sun deck

Paramount Tower at 240 East 39th Street in Manhattan's Murray Hill neighborhood is primarily a residential building. While it is known for its luxury rentals, there is no specific information available about office tenants who have rented or leased space there. The building was constructed in 1997 and features amenities like a rooftop garden, gym, and full-time doorman, catering mainly to residential needs.


Several high-speed internet providers are available for residents at 240 East 39th Street, Manhattan, NYC. Residents can consider Spectrum, which offers speeds up to 1 Gbps through both cable and fiber connections. Verizon is also an option, providing reliable fiber internet with speeds reaching 2.3 Gbps. Additionally, Xfinity offers cable internet with speeds up to 2 Gbps. Optimum provides cable and fiber plans with speeds up to 8 Gbps. For those needing alternative options, satellite providers like Viasat and HughesNet are available, though their speeds are generally lower.


240 E 39th St, Manhattan, NYC is conveniently located near several transportation options. The nearest subway stations include Grand Central–42nd St (serving lines 4, 5, 6, 7) and 33rd St (serving line 6). The E 34th Street Ferry Landing is also nearby, offering ferry services. Additionally, Long Island Rail Road (LIRR) services are available at Grand Central. For buses, options include routes like the M23-SBS, which is the last bus stopping nearby at 2:43 AM.

The cross streets for 240 E 39th St are East 39th Street and Third Avenue. The area is well-connected with bus stops at nearby locations such as W 26th St & 9th Ave and 8 Av/W 25 St, though these are more relevant to other parts of Manhattan.

Nearby Office Tenants Leased
  • Albert Ellis Institute leased 8,000 SF at 145 East 32nd St
  • WeWork leased 7,799 SF at 385 Fifth Avenue
  • Global Health Strategies leased 7,300 SF at 38 East 32nd Street
  • Interactive Advertising Bureau leased 7,000 SF at 116 East 27th St
  • Maxon Furniture leased 6,436 SF at 200 Lexington Ave
  • Catchafire leased 5,532 SF at 31 East 32nd Street
  • ProMed Personnel Services leased 5,200 SF at 18 East 41st St
  • Atlas Talent Agency leased 5,000 SF at 15 East 32nd St
  • Futurestep leased 5,000 SF at 148 Madison Ave
  • Dynamic Construction Ser… leased 4,400 SF at 274 Madison Ave

Nearby Retail Tenants Leased
  • Domus Design Collection leased 27,950 SF at 136 Madison Ave
  • Citibank leased 15,000 SF at 411 Fifth Ave
  • Open Kitchen 33 leased 9,250 SF at 33 East 33rd St
  • Love leased 9,000 SF at 319 Fifth Avenue
  • Bozrock Restaurant leased 8,500 SF at 72 Madison Ave
  • Yoga Sutra NYC leased 8,000 SF at 6 East 39th St
  • Capital One leased 6,822 SF at 470 Park Avenue South
  • Laser & Skin Surgery Center of New York leased 6,654 SF at 317 East 34th St
  • New York Golf Center leased 6,500 SF at 100 Park Ave
  • City MD leased 6,100 SF at 220 East 23rd Street
Nearby Office Tenants Leased
  • Albert Ellis Institute leased 8,000 SF at 145 East 32nd St
  • WeWork leased 7,799 SF at 385 Fifth Avenue
  • Global Health Strategies leased 7,300 SF at 38 East 32nd Street
  • Interactive Advertising Bureau leased 7,000 SF at 116 East 27th St
  • Maxon Furniture leased 6,436 SF at 200 Lexington Ave
  • Catchafire leased 5,532 SF at 31 East 32nd Street
  • ProMed Personnel Services leased 5,200 SF at 18 East 41st St
  • Atlas Talent Agency leased 5,000 SF at 15 East 32nd St
  • Futurestep leased 5,000 SF at 148 Madison Ave
  • Dynamic Construction Ser… leased 4,400 SF at 274 Madison Ave
Nearby Retail Tenants Leased
  • Domus Design Collection leased 27,950 SF at 136 Madison Ave
  • Citibank leased 15,000 SF at 411 Fifth Ave
  • Open Kitchen 33 leased 9,250 SF at 33 East 33rd St
  • Love leased 9,000 SF at 319 Fifth Avenue
  • Bozrock Restaurant leased 8,500 SF at 72 Madison Ave
  • Yoga Sutra NYC leased 8,000 SF at 6 East 39th St
  • Capital One leased 6,822 SF at 470 Park Avenue South
  • Laser & Skin Surgery Center of New York leased 6,654 SF at 317 East 34th St
  • New York Golf Center leased 6,500 SF at 100 Park Ave
  • City MD leased 6,100 SF at 220 East 23rd Street

Lempert Brothers Intl USA. Testimonial

Lempert Brothers Intl USA. testimonial To Whom It May Concern: We had the pleasure of working with Stephen Sunderland months ago when we were in search of new office space for our growing company. He was of great assistance with all the questions we had about today's real estate market. His accurate analysis of the market and the time he took to listen and understand our motivations was a great advantage We required an office building that would allow us to expand and support all of our companies needs. Stephen Sunderland walked us down every road we needed to go and many times paved the way making it easier on us than could have been expected. He advised us and guided us through all the steps. He worked with us closely and made sure that he knew exactly what we were looking for. He provided us with real estate options and solutions that would save us both money and time down the road as our company grew. His dedication and commitment to his clients are rare commodities in today's self-interested world. If you see fit to give him a chance to serve you, we guarantee, you'll never look for another real estate agent. Without reservation, we strongly recommend the services of Stephen Sunderland and would most definitely work with him again, if his assistance is called for. If we could further assist you, please do not hesitate to contact us. Sincerely, S. George Miller President
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Alone or with other broker

  • Miss deals and hard-to-find spaces.
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  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate
1. The Crucial Distinction: Whose Side Are They On?
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3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.