---
title: "540 West 49th Street #509-N, New York City, NY 10019"
description: "540 West 49th Street #509-N, New York City, NY 10019 — Hell's Kitchen, New York City, NY. Listing Price $670,000. Studio bed, 1 bath, 501 sqft Illustrative Buyer Commission Share of $10,050 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street--n-509N-ny-10019"
source: "Real Estate Rebate Team"
status: "Active"
---

# 540 West 49th Street #509-N, New York City, NY 10019

Hell's Kitchen, New York City, NY

**New Development**

Courtesy of Nest Seekers LLC

## At a Glance

- **Listing Price**: $670,000
- **Beds**: Studio
- **Baths**: 1
- **Sqft**: 501
- **Common Charges**: $747 / mo
- **Monthly Taxes**: $757 / mo
- **Price per Sqft**: $1,337
- **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**: $670,000
- **Illustrative Buyer Commission Share**: -$10,050*
- **Illustrative Net Cost**: $659,950

*Illustrative Buyer Savings of $10,050 — 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 (10)

![540 West 49th Street #509-N, New York City, NY 10019 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2067619f-8441-4938-a65c-70e871b53bdc.jpg)
![540 West 49th Street #509-N, New York City, NY 10019 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6c671a9b-1e41-400c-981d-5812af11f904.gif)
![540 West 49th Street #509-N, New York City, NY 10019 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f29a0ed4-dbf9-409a-824c-21f79dcf7295.jpg)
![540 West 49th Street #509-N, New York City, NY 10019 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/feef0b67-7f18-417b-b114-86185933d2fe.jpg)
![540 West 49th Street #509-N, New York City, NY 10019 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9bd615c0-519c-4611-ad5b-3b827495fb85.jpg)
![540 West 49th Street #509-N, New York City, NY 10019 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5ce67905-4990-4706-bad6-3ee600b8d16b.jpg)
![540 West 49th Street #509-N, New York City, NY 10019 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5226db29-85db-4750-9586-3d327fbe6387.jpg)
![540 West 49th Street #509-N, New York City, NY 10019 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/62390eae-6504-4176-9020-e27a6e0a2b14.jpg)
![540 West 49th Street #509-N, New York City, NY 10019 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/88b9a9a9-6491-4f45-aead-2cfecf363f2b.jpg)
![540 West 49th Street #509-N, New York City, NY 10019 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8adc7c21-cc1e-4b02-9916-80d87f69e316.jpg)

## Property Overview

Sunny south facing brand new condo Alcove Studio / converted one bedroom in Hell's Kitchen, This new development Condominiums features is white oak hardwood flooring and a over-sized wall of floor to ceiling window . The kitchen features a state of the art Silverstone quartz countertop, garbage disposal Italian cabinetry, Bertazzoni oven, integrated ultra quiet dishwasher and an integrated Liebherr refrigerator. The bathroom features a handheld and rain-head shower fixtures, floating vanity and imported Italian porcelain tile. The 540 West 49 Street luxury condominiums has intelligently designed with generous closets, central multi-zoned heating and cooling, Bosch washer/dryer, all the restaurants and lounges of Ninth Avenue and Columbus Circle. Central Park is just a short walk away! Available immediately. Building Amenities .Bike Room , Cinema Room . 6000 square foot Courtyard . Fitness Room . Loung . Rooftop Deck . 24/7 full time doorman . 540 west 49 street condominiums close to all transportation ( A.C.E. 1.2.3. 7) 421 A tax abatement ending JUne 20 2027

## Property Details

- **Property Type**: Condominium
- **Baths**: 1
- **Rooms**: 2
- **Sqft**: 501 sqft
- **Stories**: 7
- **Year Built**: 2015
- **Price per Sqft**: $1,337
- **Common Charges**: $747 / Monthly
- **Monthly Taxes**: $757 / mo
- **Listed On**: Mar 11, 2026
- **Days on Market**: 180 Days

### Residence Features

- Central Air
- Building Washer Dryer Install Allowed
- In Unit
- Building Storage
- Building Courtyard
- Building Roof Deck
- Dryer
- Washer

## Buying in a new development?

Before you visit the sales gallery, understand the broker registration rule. In many buildings the sponsor will only compensate a buyer’s broker who accompanied you on your first visit or registered you in writing beforehand. The sales team you meet at the door works for the developer, and once you have toured on your own that introduction is very hard to undo.

[Why You Need Your Own Broker Before Your First Visit](https://realestaterebatesnewyork.com/guides/new-development-buyer-broker-nyc)

## Sales Evidence

### Recent closed sales

14 apartments at 540 West have recorded sales since September 2021, the most recent for $1,180,000 in September 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [406-N](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street--n-406N-ny-10019) (Apartment) | 2 | 1,157 | $1,180,000 | $1,020/ft² | September 2, 2026 | MLS |
| [608N](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street-608n-ny-10019) (Apartment) | 1 | 801 | $960,000 | $1,199/ft² | August 27, 2026 | MLS |
| [PH3N](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street-ph3n-PH3N-ny-10019) (Apartment) | 2 | 1,336 | $1,915,000 | $1,433/ft² | August 7, 2026 | MLS |
| [306S](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street-s-306S-ny-10019) (Apartment) | 1 | — | $850,000 | — | July 14, 2026 | MLS |
| 503N (Apartment) | 2 | 997 | $1,250,000 | $1,254/ft² | January 28, 2026 | City record |
| PH6N (Duplex) | 2 | 1,346 | $2,000,000 | $1,486/ft² | December 12, 2025 | City record · MLS |
| 410N (Apartment) | Studio | 533 | $680,000 | $1,276/ft² | October 31, 2025 | City record · MLS |
| 407-N (Apartment) | Studio | 507 | $640,000 | $1,262/ft² | October 9, 2025 | City record · MLS |
| 206S (Apartment) | 1 | 669 | $885,000 | $1,323/ft² | December 30, 2024 | City record · MLS |
| 401N (Apartment) | 2 | 1,206 | $1,220,000 | $1,012/ft² | August 12, 2024 | City record · MLS |
| 203-N (Apartment) | 1 | 750 | $935,000 | $1,247/ft² | September 28, 2023 | City record · MLS |
| 301S (Apartment) | 2 | 1,215 | $1,350,000 | $1,111/ft² | August 29, 2023 | City record · MLS |
| 403N (Apartment) | 2 | — | $1,325,000 | — | May 25, 2022 | City record · MLS |
| 308S (Apartment) | 2 | — | $1,475,000 | — | November 23, 2021 | City record · 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

The median closed price for comparable condo studio sales in Hell's Kitchen is $638,750, based on 68 sales between October 2024 and July 2026. This home is asking $670,000, $31,250 above that median. The middle half of those sales closed between $568,401 and $712,700.

- **Median closed price**: $638,750
- **Middle half**: $568,401 – $712,700
- **Based on**: 68 condo studio sales in Hell's Kitchen
- **Period**: October 2024 – July 2026
- **Median $/ft²**: $1,319/ft²

Across the 52 of these sales with a published asking price, the median closed at 96.6% of what it originally asked. 83% of them closed below the original ask.

This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Hell's Kitchen instead.

### How these sales were negotiated

- **Sold vs original ask**: 96.6% of the original ask
- **Closed below ask**: 83% of 52 sales
- **Listed → in contract**: 81 days (about 12 weeks)
- **In contract → closed**: 49 days (about 7 weeks)

Across the 52 of these sales with a published asking price, the median closed at 96.6% of what it originally asked. 83% of them closed below the original ask.

Half of these homes were in contract within 81 days (about 12 weeks) of coming to market, based on the 53 with a recorded listing date.

Once a deal was agreed, closing took a further 49 days (about 7 weeks), based on the 53 with both dates recorded.

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.

Based on 68 condo studio sales in Hell's Kitchen, October 2024 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median price per square foot for sales at 540 West, 2017 to 2026. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year.

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2017 | $1,583/ft² | 4 (thin) |
| 2021 | $1,199/ft² | 5 |
| 2025 | $1,276/ft² | 3 (thin) |
| 2026 | $1,199/ft² | 4 (thin) |

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.

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 540 West](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/540-west)

## Price and Property History for 540 West 49th Street, Unit 509-N

Review the recorded listing activity for 540 West 49th Street, Unit 509-N, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $5,000, or 0.7%, on July 20, 2026
- **Originally listed**: March 11, 2026 at $725,000
- **Current asking price**: $670,000

| Date | Price | Listing event |
| --- | --- | --- |
| July 20, 2026 | $670,000 | Asking price reduced by $5,000, or 0.7% |
| March 11, 2026 | $725,000 | Listed for sale by Nest Seekers LLC |
| July 13, 2015 | — | Sold |
| March 11, 2015 | $835,000 | Listed for sale by Halstead dba Brown Harris Stevens Residential Sales LLC |

## Property Tax History

Taxes at 540 West 49th Street #509-N were $10,362 in 2026, down 0.1% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $108,589 | $37,349 | $71,240 | $101,271 | $10,362 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $111,137 | $37,349 | $73,788 | $101,424 | $10,377 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $104,536 | $37,349 | $67,187 | $100,584 | $8,013 | 12.5% |
| 2023 (FY 2023/24) | $101,631 | $37,349 | $64,282 | $100,019 | $7,972 | 12.502% |
| 2022 (FY 2022/23) | $97,525 | $37,349 | $60,176 | $97,525 | $5,475 | 12.267% |
| 2021 (FY 2021/22) | $97,525 | $37,349 | $60,176 | $97,212 | $5,446 | 12.235% |
| 2020 (FY 2020/21) | $108,373 | $37,349 | $71,024 | $96,889 | $3,297 | 12.267% |
| 2019 (FY 2019/20) | $108,430 | $37,349 | $71,081 | $94,402 | $3,291 | 12.473% |
| 2018 (FY 2018/19) | $110,135 | $37,349 | $72,786 | $89,695 | $1,183 | 12.612% |
| 2017 (FY 2017/18) | $97,352 | $37,349 | $60,003 | $80,860 | $1,193 | 12.719% |
| 2016 (FY 2016/17) | $89,241 | $37,349 | $51,892 | $73,378 | $1,209 | 12.892% |
| 2015 (FY 2015/16) | $51,800 | $37,349 | $14,451 | $30,073 | $1,208 | 12.883% |

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 1010771044. 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

### 540 West

Hell's Kitchen · Condominium

540 West 49th Street, New York, NY 10019

A building in Hell's Kitchen, currently featuring 9 active listings.

- **Year Built**: 2014
- **Total Units**: 9
- **Floors**: 7

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/540-west)

### Available Residences — For Sale (9)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [509-N](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10019/540-west-49th-street--n-509N-ny-10019) | Studio | 1 | 501 sqft | $1,337 | $670,000 (-0.7%) | Nest Seekers LLC | Mar 11, 2026 | 180 days |
| [601N](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10019/540-west-49th-street-n-601N-ny-10019) | 2 | 2 | 1,206 sqft | $1,157 | $1,395,000 (-12.5%) | Elliman | Jun 10, 2020 | 2,280 days |
| [506N](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street-506n-ny-10019) | 2 | 2 | — | — | $1,175,000 (-4.1%) | Douglas Elliman Real Estate | Aug 13, 2025 | 390 days |
| [306S](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street-s-306S-ny-10019) | 1 | 1 | — | — | $850,000 | Compass | Jan 8, 2026 | 242 days |
| [PH3N](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street-ph3n-PH3N-ny-10019) | 2 | 2 | 1,336 sqft | $1,433 | $1,915,000 (-4.0%) | Compass | Mar 17, 2026 | 174 days |
| [609N](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street-n-609N-ny-10019) | Studio | 1 | 501 sqft | $1,257 | $630,000 (-7.4%) | Compass | Mar 23, 2026 | 168 days |
| [608N](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street-608n-ny-10019) | 1 | 1 | 801 sqft | $1,199 | $960,000 (-3.5%) | Compass | Jun 4, 2026 | 95 days |
| [505S](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street-s-505S-ny-10019) | Studio | 1 | 577 sqft | $1,161 | $670,000 | Leven Real Estate | Jun 5, 2026 | 94 days |
| [105n](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street-n-105N-ny-10019) | 1 | 1 | 1,100 sqft | $1,000 | $1,100,000 | Living New York | Sep 4, 2026 | 3 days |

## Estimated Monthly Payment

**$4,892 / month**, assuming a 20% down payment ($134,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $3,388
- **Property Taxes**: $757
- **Common Charges**: $747

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

## This is a new development purchase

Buying from a sponsor carries closing costs a resale does not. The New York City and New York State transfer taxes are the seller’s in a resale and are passed to the purchaser in most offering plans, and the sponsor’s attorney fee and any working capital contribution sit on top of that. Together they commonly add 2% or more of the purchase price.

- [Estimate these costs](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator)
- [What sponsor buyers pay](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc)
- [More new developments](https://realestaterebatesnewyork.com/new-developments)

## Hell's Kitchen

Restaurant Row & Nightlife

[Explore Hell's Kitchen](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/hell-s-kitchen) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Hell's Kitchen

- [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district)
- [Midtown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown)
- [Chelsea real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea)
- [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill)
- [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district)
- [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay)

## Related Links

- [540 West — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/540-west)
- [Hell's Kitchen neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/hell-s-kitchen)
- [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.