---
title: "540 West 28th Street #8E, New York City, NY 10001"
description: "540 West 28th Street #8E, New York City, NY 10001 — Chelsea, New York City, NY. Listing Price $1,250,000. Price Reduced: Reduced $45,000 (3.5%) from $1,295,000 on September 23, 2026. 1 bed, 1 bath, 726 sqft Illustrative Buyer Commission Share of $18,750 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10001/540-west-28th-street-e-8E-ny-10001"
source: "Real Estate Rebate Team"
dateModified: "2026-09-23T19:27:46.199Z"
status: "Active"
---

# 540 West 28th Street #8E, New York City, NY 10001

Chelsea, New York City, NY

Courtesy of Douglas Elliman Real Estate

Last updated: September 23, 2026, 3:27 PM

## At a Glance

- **Listing Price**: $1,250,000
- **Price Reduced**: Reduced $45,000 (3.5%) from $1,295,000 on September 23, 2026
- **Beds**: 1
- **Baths**: 1
- **Sqft**: 726
- **Common Charges**: $931 / mo
- **Price per Sqft**: $1,722
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $1,250,000
- **Illustrative Buyer Commission Share**: -$18,750*
- **Illustrative Net Cost**: $1,231,250

*Illustrative Buyer Savings of $18,750 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (1)

![540 West 28th Street #8E, New York City, NY 10001 — photo 1 of 1](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9f01fbd5-8c56-40d5-98fe-c23ae60c4193.jpg)

## Property Overview

+Art Living

Located in the heart of Chelsea, just moments from Hudson Yards, this light-filled one-bedroom residence offers a seamless blend of downtown energy and tranquil living. Ideally located to enjoy the scenic waterfront paths of Hudson River Park and the iconic High Line-with its entrance conveniently just down the block-this home captures the essence of modern Downtown West Side living.

Bathed in natural northern light, the residence features a thoughtfully designed layout that maximizes both comfort and functionality. Wide-plank, oiled wood floors run throughout, creating a warm and sophisticated foundation. The open-concept chef's kitchen is both stylish and highly functional, appointed with premium appliances including a Liebherr refrigerator, Bertazzoni range, and Viking microwave, complemented by granite countertops and a convenient sink disposal-ideal for both everyday living and effortless entertaining.

Residents of the +Art Condominium enjoy a full suite of amenities designed to elevate daily living, including a 24-hour attended lobby, concierge service, and a live-in superintendent. The building also offers a beautifully landscaped and furnished rooftop terrace complete with a grill and wet bar-perfect for relaxing or hosting-alongside a fully equipped fitness center and the expansive, thoughtfully designed Art Yard.

A compelling opportunity to own a refined Chelsea residence in one of Manhattan's most dynamic and evolving neighborhoods-this home delivers exceptional value, location, and lifestyle.

The home is also pre-wired for Verizon Fios, ensuring seamless connectivity for today's lifestyle.

## Property Details

- **Property Type**: Condominium
- **Beds**: 1
- **Baths**: 1
- **Rooms**: 3
- **Sqft**: 726 sqft
- **Stories**: 13
- **Year Built**: 2008
- **Price per Sqft**: $1,722
- **Common Charges**: $931 / Monthly
- **Listed On**: Apr 24, 2026
- **Days on Market**: 162 Days

### Residence Features

- Washer Hookup
- Building Courtyard
- Building Roof Deck
- Washer Dryer Allowed
- City Lights
- City

## Estimated Monthly Payment

**$7,252 / month**, assuming a 20% down payment ($250,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $6,321
- **Common Charges**: $931

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

26 apartments at + Art have recorded sales since October 2021, the most recent for $1,910,000 in September 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [3D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10001/540-west-28th-street-3d-ny-10001) (Apartment) | 2 | 1,169 | $1,910,000 | $1,634/ft² | September 10, 2026 | MLS |
| [4B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10001/540-west-28th-street-b-4B-ny-10001) (Apartment) | 2 | 1,181 | $1,900,000 | $1,609/ft² | August 11, 2026 | City record · MLS |
| 3B (Apartment) | 2 | 1,181 | $1,880,000 | $1,592/ft² | May 21, 2026 | City record · MLS |
| 9C (Apartment) | 1 | 741 | $1,190,000 | $1,606/ft² | March 16, 2026 | City record · MLS |
| 9-F (Apartment) | 1 | 729 | $1,111,000 | $1,524/ft² | December 19, 2025 | City record · MLS |
| 9E (Apartment) | — | 776 | $1,240,000 | $1,598/ft² | July 16, 2025 | City record |
| 4D (Apartment) | 2 | 1,161 | $1,860,000 | $1,602/ft² | July 1, 2025 | City record · MLS |
| 12-E (Apartment) | 1 | 897 | $1,355,000 | $1,511/ft² | June 12, 2025 | City record · MLS |
| 6H (Apartment) | 1 | 781 | $1,190,000 | $1,524/ft² | April 17, 2025 | City record · MLS |
| 2G (Apartment) | 2 | 1,275 | $2,775,000 | $2,176/ft² | March 24, 2025 | City record |
| 7H (Apartment) | 1 | 781 | $1,240,000 | $1,588/ft² | March 21, 2025 | City record · MLS |
| 13E (Apartment) | 3 | 1,570 | $2,800,000 | $1,783/ft² | March 20, 2025 | City record · MLS |
| 8B (Apartment) | 2 | 1,181 | $1,800,000 | $1,524/ft² | November 22, 2024 | City record · MLS |
| 8G (Apartment) | Studio | 445 | $780,000 | $1,753/ft² | August 6, 2024 | City record · MLS |
| 12-E (Apartment) | 1 | 896 | $1,590,000 | $1,775/ft² | July 8, 2024 | City record · MLS |
| 11C (Apartment) | 2 | 1,380 | $2,400,000 | $1,739/ft² | May 20, 2024 | City record · MLS |
| 5G (Apartment) | Studio | 445 | $694,000 | $1,560/ft² | January 26, 2024 | City record · MLS |
| 5F (Apartment) | 1 | 729 | $1,325,000 | $1,818/ft² | December 18, 2023 | City record · MLS |
| 13B (Apartment) | 2 | 1,231 | $2,100,000 | $1,706/ft² | June 16, 2023 | City record · MLS |
| 12C (Apartment) | 3 | 1,860 | $2,650,000 | $1,425/ft² | December 2, 2022 | City record · MLS |
| 6F (Apartment) | 1 | 729 | $1,265,000 | $1,735/ft² | October 13, 2022 | City record · MLS |
| 11A (Apartment) | 2 | 1,245 | $2,295,000 | $1,843/ft² | September 29, 2022 | MLS |
| 10E (Apartment) | 1 | 903 | $1,599,000 | $1,771/ft² | June 21, 2022 | City record |
| 4J (Apartment) | 1 | 716 | $1,255,000 | $1,753/ft² | February 14, 2022 | City record · MLS |
| 11A (Apartment) | 2 | 1,245 | $2,225,000 | $1,787/ft² | December 17, 2021 | City record |
| 10B (Apartment) | 2 | 1,380 | $2,860,000 | $2,072/ft² | December 15, 2021 | MLS |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

- **This home**: $1,250,000
- **Median sold price**: $1,260,000
- **Difference**: -$10,000 (-0.8%)
- **This home, $/ft²**: $1,722
- **Median $/ft²**: $1,671
- **Comparable sales**: 10
- **Sales from**: February 2022 – March 2026
- **Middle half of those sales**: $1,202,500 – $1,347,500

Based on one-bedroom sales at + Art.

### How these sales were negotiated

- **Sale-to-list price**: 95.3% (9 sales)
- **Sold below asking**: 89% (9 sales)
- **Typical time to find a buyer**: 66 days (8 sales)
- **Typical time to close**: 58 days (8 sales)

Based on one-bedroom sales at + Art with the required listing and closing data. Sample sizes vary by metric.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

### Price trend

Median price per square foot, sales at + Art

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2017 | $1,751/ft² | 10 |
| 2018 | $1,759/ft² | 5 |
| 2019 | $1,448/ft² | 4 (thin) |
| 2020 | $1,583/ft² | 3 (thin) |
| 2021 | $1,619/ft² | 11 |
| 2022 | $1,744/ft² | 4 (thin) |
| 2024 | $1,739/ft² | 5 |
| 2025 | $1,593/ft² | 8 |
| 2026 YTD | $1,606/ft² | 3 (thin) |

Based on recorded sales at + Art. 2026 is year-to-date.

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

Sales data through September 2026.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at + Art](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/art)

## Price and Property History for 540 West 28TH Street, Unit 8E

Review the recorded listing activity for 540 West 28TH Street, Unit 8E, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $45,000, or 3.5%, on September 23, 2026
- **Originally listed**: April 24, 2026 at $1,350,000
- **Current asking price**: $1,250,000
- **Last sold (recorded)**: $1,300,000 on November 14, 2014

| Date | Price | Listing event |
| --- | --- | --- |
| September 23, 2026 | $1,250,000 | Returned to the market |
| September 23, 2026 | $1,250,000 | Asking price reduced by $45,000, or 3.5% |
| September 2, 2026 | $1,295,000 | Listing removed from the market |
| June 19, 2026 | $1,295,000 | Asking price reduced by $55,000, or 4.1% |
| April 24, 2026 | $1,350,000 | Listed for sale by Douglas Elliman Real Estate |
| November 14, 2014 | $1,300,000 | Sold — recorded sale price |
| October 17, 2014 | $1,325,000 | Listed for sale by Elliman |

## Property Tax History

Taxes at 540 West 28th Street #8E were $22,139 in 2026, up 6.0% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $202,898 | $40,050 | $162,848 | $177,109 | $22,139 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $174,289 | $40,050 | $134,239 | $167,145 | $20,893 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $171,652 | $40,050 | $131,602 | $164,197 | $20,525 | 12.5% |
| 2023 (FY 2023/24) | $170,396 | $40,050 | $130,346 | $161,226 | $20,156 | 12.502% |
| 2022 (FY 2022/23) | $166,321 | $40,050 | $126,271 | $157,410 | $19,309 | 12.267% |
| 2021 (FY 2021/22) | $153,073 | $40,050 | $113,023 | $153,073 | $18,728 | 12.235% |
| 2020 (FY 2020/21) | $169,543 | $40,050 | $129,493 | $154,419 | $15,265 | 12.267% |
| 2019 (FY 2019/20) | $156,798 | $40,050 | $116,748 | $146,124 | $14,694 | 12.473% |
| 2018 (FY 2018/19) | $151,319 | $40,050 | $111,269 | $140,571 | $10,866 | 12.612% |
| 2017 (FY 2017/18) | $155,564 | $40,050 | $115,514 | $136,936 | $10,681 | 12.719% |
| 2016 (FY 2016/17) | $159,565 | $40,050 | $119,515 | $134,820 | $7,303 | 12.892% |
| 2015 (FY 2015/16) | $128,068 | $40,050 | $88,018 | $131,740 | $7,139 | 12.883% |
| 2014 (FY 2014/15) | $129,020 | $40,050 | $88,970 | $134,781 | $3,932 | 12.855% |
| 2013 (FY 2013/14) | $112,464 | $40,050 | $72,414 | $137,633 | $4,095 | 13.145% |
| 2012 (FY 2012/13) | $144,968 | $40,050 | $104,918 | $136,766 | $598 | 13.181% |
| 2011 (FY 2011/12) | $144,180 | $40,050 | $104,130 | $129,402 | $17,383 | 13.433% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Figures are the New York City Department of Finance assessment roll for tax lot 1006991260. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### + Art

Chelsea · Condominium

540 West 28th Street, New York, NY 10001

A building in Chelsea, currently featuring 3 active listings.

- **Year Built**: 2009
- **Active Units**: 3
- **Floors**: 13

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/art)

### Available Residences — For Sale (3)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [8E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10001/540-west-28th-street-e-8E-ny-10001) | 1 | 1 | 726 sqft | $1,722 | $1,250,000 (-3.5%) | Douglas Elliman Real Estate | Apr 24, 2026 | 161 days |
| [8H](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10001/540-west-28th-street-8h-ny-10001) | 1 | 1 | 781 sqft | $1,601 | $1,250,000 | Sothebys International Realty | Jun 11, 2026 | 113 days |
| [2B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10001/540-west-28th-street-b-2B-ny-10001) | 2 | 2 | 1,181 sqft | $1,566 | $1,850,000 | Sothebys International Realty | Jul 7, 2026 | 87 days |

### Recently Sold (2)

| Unit | Beds | Baths | Size | Price / Ft² | Sold Price | Listing Office | Listed Date | Sold Date |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [4B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10001/540-west-28th-street-b-4B-ny-10001) | 2 | 2 | 1,181 sqft | $1,609 | $1,900,000 | Sothebys International Realty | Apr 14, 2026 | Aug 13, 2026 |
| [3D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10001/540-west-28th-street-3d-ny-10001) | 2 | 2 | 1,169 sqft | $1,634 | $1,910,000 | Corcoran Group | May 12, 2026 | Sep 10, 2026 |

## Chelsea

Art Galleries & High Line Living

[Explore Chelsea](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Chelsea

- [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district)
- [West Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/west-village)
- [Greenwich Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/greenwich-village)
- [Gramercy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy)
- [Hells Kitchen real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/hells-kitchen)
- [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district)

## Related Links

- [+ Art — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/art)
- [Chelsea neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.