For well over a century, Murray Hill has been an established, comfortable and desirable residential neighborhood. Despite its wonderful central location, the area has managed to maintain slightly lower prices than comparable Manhattan districts. The New York Times reported that beginning in the 1990s, favorable rents were attracting less senior workers as well as the restaurants, stores, and nightlife patronized by that demographic. Housing remains a good value in Murray Hill, with 65% of housing stock comprised of rental units.
Murray Hill offers a range of housing options, from charming 19th-century brownstones to newly-opened, sweeping ultra-modern rentals like American Copper Buildings at 626 First Avenue. Other notable buildings include The Corinthian at 330 East 38th Street (which was NY’s largest apartment building in 1988), the Dylan at 309 Fifth Avenue (a certified green construction), House 39 at 225 East 39th Street, the Lanthian at 377 East 33rd Street, and One Sixty Madison.
Murray Hill combines the many wonderful qualities of charm, convenience, vitality, and affordability. With a changing population and dramatic new constructions going up, this historic neighborhood is also dynamic and full of surprises. It is definitely a neighborhood for anyone desiring a Manhattan address to consider.