Murray Hill, Manhattan

Paramount Tower

Paramount Tower is a 464-unit high-rise built in 1997 at 240 East 39th Street in Murray Hill, Manhattan. We've seen 15 listings here since October 2026, with a one-bedroom asking a median of $5,295.
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  • Built 1997
  • 464 units
  • Rent-stabilized units on record
  • Updated October 2026
1 bedroom ask
$5,295
median
Listings seen
15
since Oct 2026
Stabilized units
93
464 in 2007
HPD violations
0
last 12 months

Available now

240 East 39th Street, New York, Ny, 10016Murray Hill
$11,895/mo3 bed · StreetEasy
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240 East 39th Street, New York, Ny, 10016Murray Hill
$8,695/mo2 bed · StreetEasy
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240 East 39th Street, New York, NY 10016Murray Hill
$8,195/mo2 bed · NYBits
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240 East 39th Street, New York, NY 10016Murray Hill
$7,595/mo2 bed · NYBits
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Asking rents

What apartments at Paramount Tower ask

Median asking rent by size across 15 listings seen between October 2026 and October 2026. From public rental listings Buzzedin tracks on StreetEasy, NYBits, LeaseBreak and others. Asking rents, not signed leases.

  • 1 bedroom$5,295$4,895 to $7,4955 listings
  • 2 bedrooms$8,595$7,595 to $9,1959 listings
  • 3+ bedrooms$11,895$11,8951 listing
Rent stabilization

Rent-stabilized units on record

Unit counts from NYC tax records, via JustFix's Who Owns What.

Latest

93

In 2007

464

Units

464

This means the building has rent-stabilized units, not that every apartment in it is stabilized or carries a legal rent. Always check a unit's status and rent history with DHCR before signing a lease.

Building conditions

No HPD violations in the last 12 months

Housing code violations issued by NYC HPD, by class. Data as of October 28, 2026.

Class C

0

Immediately hazardous

Class B

0

Hazardous

Class A

0

Non-hazardous

0 open violations · 1 complaint in 12 months · 2 eviction filings in 12 months

Ownership

Who owns the building

From NYC HPD registration records, via JustFix's Who Owns What. Company names only.

Owner
Glenwood Management Corp.
Portfolio
29 buildings · 7,971 units
Features

What listings here mention

Building features that most listings at this address report.

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Nearby

More buildings in Murray Hill

One United Nations ParkThe CopperNew York TowerThe Lotus NYC Midtown East5 Tudor City PlaceThe Corinthian
FAQs

Common questions

Is Paramount Tower rent-stabilized?
NYC tax records list 93 rent-stabilized units at Paramount Tower at 240 East 39th Street (464 in 2007). That means the building has rent-stabilized units, not that every apartment in it is stabilized. Confirm a specific unit's status and rent history with DHCR before signing a lease.
How much is rent at Paramount Tower?
Across 15 public rental listings Buzzedin tracks on StreetEasy, NYBits, LeaseBreak and others between October 2026 and October 2026, median asking rents were $5,295 for a one-bedroom, $8,595 for a two-bedroom, $11,895 for three or more bedrooms. These are asking rents from listings, not signed leases.
Who owns Paramount Tower?
NYC HPD registration records link Paramount Tower at 240 East 39th Street to Glenwood Management Corp., which is associated with 29 buildings and 7,971 units in NYC. Ownership data comes from JustFix's Who Owns What.
How many HPD violations does Paramount Tower have?
HPD issued 0 violations at Paramount Tower at 240 East 39th Street in the last 12 months, and 0 are currently open. Data as of October 28, 2026.