Gramercy Park

Murray Hill is a neighborhood in the New York City borough of Manhattan that extends south from 42nd Street to meet the neighborhood of Gramercy (or Rose Hill as the northern half of Gramercy is often referred to) at 29th Street. Its western border is at Fifth Avenue and eastern border now extends beyond Lexington Avenue, to meet the distinct waterfront neighborhoods of Kips Bay and Tudor City at Second Avenue. Though housing in the neighborhood is slightly cheaper than in fashionable nearby parts of Manhattan, prices for apartments here rose a great deal during the boom of the late 1990s and early 2000s--as much as 500% in a decade. The area includes 10 East 40th Street, an example of art deco architecture.