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240 East 39th Street
Last updated on Mar 25, 2026

Paramount Tower,
240 East 39th Street

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

240 East 39th Street Location Map

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.

Doorman
Full Time
Type
Rental
Year Built
1998
Apartments
Floors
51
Pets: Not allowed
Neighborhood

Amenities

  • FT Doorman
  • High-Rise
  • Post War
  • Resident Storage
  • Central AC
  • Full Service Garage
  • Garden
  • Health Club
  • Pool
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • Business Center
  • Party Room
  • Children's Playroom
  • Lounge
  • Fitness Center
  • Outdoor Entertainment Space
  • In-Unit Washer/Dryer
  • Bike Room
  • Porte-Cochère / Driveway
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  1. 4
  2. 5
  3. 6
  4. 7
at 3rd Ave and 42nd 0.25 miles

Pros & Cons

  • 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

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.

More about Glenwood Management

Pricing Comparison of Similar Buildings

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