Real Estate

New Residential Tower in Murray Hill Reaches Completion

New York Yimby1 min read94 views
New Residential Tower in Murray Hill Reaches Completion

New Residential Tower in Murray Hill Tops Out

Construction has been finished on a new 20-story residential building at 255 East 39th Street in Murray Hill, Manhattan. The building, designed by CetraRuddy and developed by Brause Realty in collaboration with Lonicera Partners and AECOM Tishman, will offer 157 units, including 48 designated as affordable housing.

Rendering of 255 East 39th Street

The property sits at the northwest corner of East 39th Street and Second Avenue. It will include approximately 4,000 square feet of retail space on the ground level and over 10,000 square feet of amenities, such as a fitness center, rooftop lounge, and a sports simulator. To promote sustainability, the building features a solar array on the roof and all-electric apartments.

Formerly vacant lot at 255 East 39th Street

Cushman & Wakefield arranged financing for the project, with JPMorgan and First Citizens Bank serving as lenders. Leasing is expected to begin in fall 2025.

255 East 39th Street's prime location near Grand Central Station makes it a convenient choice for residents seeking easy access to transit options throughout the New York City metropolitan area and beyond.

  • #realestate
  • #development
  • #manhattan
  • #murrayhill
  • #affordablehousing

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