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Rent/Lease Apartment 245 E 40th St

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 245 E 40th St. This trend is projected to continue. Opportunities for subleases remain available at 245 E 40th St and in the nearby Murray Hill neighborhood.

245 E 40th St Property Overview

Building Address: 245 E 40th St, New York NY 10017
Building Name: Murray Hill Tower Apartments
Zip Code:10017
Neighborhood:Murray Hill
Borough:Manhattan
Stories:0
Year Built:1974
Building Class:B

245 East 40th Street, known as Murray Hill Tower, is a residential skyscraper located in the Murray Hill neighborhood of Manhattan, New York City. The building was completed in 1972 and stands 36 stories tall. It features a total of approximately 270 to 276 rental units. The structure is classified as an elevator apartment building with fireproof construction and includes retail spaces on the lower floors.

Murray Hill Tower occupies a lot measuring about 22,178 square feet and encompasses roughly 387,761 square feet of building space. It is situated near Park Avenue and the East River, making it a prominent fixture in midtown Manhattan. The building's design and construction reflect the architectural trends of the early 1970s in New York City, contributing to the residential density of the Murray Hill area.

Since its completion, Murray Hill Tower has been a significant rental property within the neighborhood, combining residential living with urban proximity. The building remains an important residential address in Manhattan, representing mid-20th century high-rise apartment development in the city.

245 East 40th Street

Murray Hill Tower

36-story residential building built in 1972

Located in Midtown Manhattan near Park Avenue and the East River

Features

  • Parquet floors & granite countertops
  • Energy-efficient stainless steel appliances
  • Furnished options available (some units)
  • Doorman & elevator service
  • Fitness center & roof terrace
  • Laundry facilities & kitchen appliances

Location Highlights

  • 5 minutes from Grand Central Station
  • Proximity to Bryant Park and NY Public Library
  • Murray Hill neighborhood with active nightlife
  • Near multiple schools and cultural destinations

Murray Hill Tower offers a range of amenities to enhance resident comfort and convenience:

  • Services and Facilities
    • Concierge
    • Doorman
    • Elevator
    • Parking Garage
    • Live-in Super
  • Wellness and Recreation
    • Gym
    • Hot Tub
    • Sauna
    • Swimming Pool
  • Social Spaces
    • Clubroom/Party Room
    • Catering Kitchen

Murray Hill Tower, located at 245 E 40th St, Manhattan, NYC, is a 36-story rental building completed in 1972. It features 276 residential units.

The building offers various amenities, including doorman service, elevators, a fitness center, laundry facilities, and a roof terrace.

Residents benefit from its prime location in midtown Manhattan, near Park Avenue and the East River, making it an attractive choice for both professionals and families.

The neighborhood is vibrant, with access to cultural destinations like the New York Public Library and Bryant Park, and convenience to Grand Central Station.


Internet providers available at 245 E 40th St, Manhattan, NYC, include:

1. Verizon: Known for its Fios service providing fast, reliable fiber-optic speeds, though availability can vary by location.

2. Spectrum: Offers cable and some fiber connections with speeds up to 1 Gbps.

3. Optimum: Provides cable and fiber connections with speeds ranging up to 8 Gbps.

4. AT&T Wireless: Available for mobile and potentially fixed wireless solutions.


Murray Hill Tower Apartments at 245 E 40th St, Manhattan, NYC, is strategically located for easy access to major transportation hubs.

  • Subway: Grand Central-42 Street is just 0.3 miles away.
  • Commuter Rail: Nearby access to multiple lines.
  • Airports: LaGuardia (8.3 miles), Newark Liberty International (15.1 miles).

Cross streets are 2nd Avenue and 3rd Avenue, offering a range of dining and shopping options.

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

Sander Partnership Inc Testimonial

Sander Partnership Inc testimonial Dear Stephen, Looking for a new location in business has to be one of the most difficult situations a person finds himself or herself in. Thankfully, we found you. Without your diligent searches for space, I am convinced we would have never found the right space, at the right price and in the right location. You made the searches more enjoyable with your humor, and all of us at Sander Partnership decided early to work with your company. I hope we stay in touch, and if any of my friends need space, I would certainly recommend you. I hope you will stop by to see what we have done with the space. David Sander Sander Partnership
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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?
2. It Almost Always Costs You Nothing
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.