Sleek 51-story rental apartment tower built in 1998 by Glenwood Management
Features 466 apartments, health club, pool, and various amenities in a prime Murray Hill location
Overview of Paramount Tower at 240 East 39th Street
Paramount Tower is a 51 story rental building developed by Glenwood Management and designed by Costas Kondylis, completed in 1998. The sleek tower contains 466 apartments across two addresses at 240 East 39th Street and 221 East 38th Street on the eastern edge of Murray Hill. The building's slab form features projected bays and a high ratio of windows that create a modulated appearance, while its midblock location provides quieter living conditions and expansive views across the city.
Apartments feature marble bathrooms, in-unit washer/dryer units, windowed kitchens, and granite and oak finishes throughout. Listings emphasize oversized rooms with generous closet space, and many units offer sweeping views. The lobby features a distinctive dome ceiling, and the building includes a separate attended service entrance with escorted deliveries.
The building offers an extensive amenity package including an indoor pool, health club with sauna, fitness center, and 24 hour doorman. Additional facilities include an on-site garage, bicycle room, storage room, children's playroom, residents lounge, landscaped sundeck, rooftop deck, private garden, video security, WiFi access, and laundry facilities.
The location provides convenient access to Grand Central Terminal, the United Nations, and the midtown business district while maintaining the quieter character of a midblock setting. The eastern Murray Hill location offers a residential feel with proximity to major transportation and commercial centers.
Not far from Grand Central Terminal and the United Nations
Garage
Indoor pool and health club
24 hour doorman
Landscaped sundeck
Bike room
Storage room
Video security
Porte cochere and driveway
Expansive views
Very attractive tower
Separate attended service entrance
Escorted deliveries
Fitness center
Sauna
Children's playroom
Residents lounge
No balconies
Large building with 466 apartments
No health club
CityRealty Rating
29
/44
Architecture
+
24
/36
Location
+
16
/39
Features
=
69
CITYREALTY RATING
How is the CityRealty Rating calculated?
Architecture
30+ remarkable
20-29 distinguished
11-19 average
< 11 below average
Location
27+ remarkable
18-26 distinguished
9-17 average
< 9 below average
Features
22+ remarkable
16-21 distinguished
9-15 average
< 9 below average
CityRealty’s Ratings Explained
Building Management
Glenwood prides itself on offering residents everything they need to live a truly Manhattan lifestyle, offering access to luxury amenities including state-of-the-art fitness centers, children's playrooms, lounges and onsite laundry facilities.