240 E 39th St nyc
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Lease Apartment 240 E 39th St

Rent Apartment 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.

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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
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Cost Savings: They negotiate rental price and identify/abate "hidden costs."

Why Optimal Spaces –
Tenant Broker

  • No fee for clients renting space.
  • We work for YOU, not the landlord.
  • Save 15–20% on your business costs.
  • Save 100–200 hours of research.
  • Access to all available spaces.
  • Specialized real estate expertise.

Alone or with other broker

  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • 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?
Landlord Rep (Listing Agent) — Fiduciary Duty: Landlord. Highest rent, best terms for landlord.
Tenant Rep (Tenant Broker) — Fiduciary Duty: Tenant Only. Lowest rent, best terms for tenant. Levels the playing field.
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
Landlord pays the broker fee — free expert representation for the tenant.
Access to hidden inventory: off-market listings, subleases, and future availabilities via broker databases and networks.
Negotiating beyond base rent: free rent, TI allowance, OPEX caps, and lease flexibility for renewal or expansion.
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Tenant broker handles searching, scheduling, and RFPs — your outsourced real estate department with curated options and timeline management.
Mitigating risk: spotting pitfalls in LOI and lease such as restoration clauses and holdover penalties.
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.
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