---
title: "540 West 49th Street #506N, New York City, NY 10019"
description: "540 West 49th Street #506N, New York City, NY 10019 — Hell's Kitchen, New York City, NY. Listing Price $1,175,000. 2 bed, 2 bath Illustrative Buyer Commission Share of $17,625 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street-506n-ny-10019"
source: "Real Estate Rebate Team"
status: "Active"
---

# 540 West 49th Street #506N, New York City, NY 10019

Hell's Kitchen, New York City, NY

Courtesy of Douglas Elliman Real Estate

## At a Glance

- **Listing Price**: $1,175,000
- **Beds**: 2
- **Baths**: 2
- **Common Charges**: $1,704 / mo
- **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**: $1,175,000
- **Illustrative Buyer Commission Share**: -$17,625*
- **Illustrative Net Cost**: $1,157,375

*Illustrative Buyer Savings of $17,625 — 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 #506N, New York City, NY 10019 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/83ed67a5-7df5-4d12-b6e7-9632db4fd25f.jpg)
![540 West 49th Street #506N, New York City, NY 10019 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d77966f6-0738-4f06-9eaf-15122b759b95.jpg)
![540 West 49th Street #506N, New York City, NY 10019 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/09a392f5-76eb-437b-8ce6-bac20e651581.jpg)
![540 West 49th Street #506N, New York City, NY 10019 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3ec01965-0110-4202-ba51-318d1cca3b0c.jpg)
![540 West 49th Street #506N, New York City, NY 10019 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/516579b1-2869-44b0-aa52-5e5c4ec39cc2.jpg)
![540 West 49th Street #506N, New York City, NY 10019 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a19250ac-dd9c-4df7-a918-ed97cb1129ed.jpg)
![540 West 49th Street #506N, New York City, NY 10019 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9524825a-a1a4-4e01-ba60-cd50c05b0db3.jpg)
![540 West 49th Street #506N, New York City, NY 10019 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a1a11503-ad8e-456f-8cd7-f6e9659f033b.jpg)
![540 West 49th Street #506N, New York City, NY 10019 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9cba744a-2a77-4ff1-9ef0-4ed97032c685.jpg)
![540 West 49th Street #506N, New York City, NY 10019 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2023f104-d54d-4f13-832b-e64c2ce8d71b.jpg)

## Property Overview

Investor Friendly!

 Welcome to the epitome of modern living at 540 West 49th Street, a top-tier luxury condominium located in the heart of vibrant Hell's Kitchen. This exquisite 2-bedroom, 2-bathroom home exudes sophistication with its dynamic glass and steel facade.

  Enjoy the serenity of a tranquil, south-facing home nestled on a high floor, looking into the building's furnished, planted courtyard, and offering a consistent flood of natural light through the grand floor-to-ceiling windows outfitted with custom Somfy blinds. The open layout seamlessly integrates the contemporary kitchen into the living area, creating an ideal space for entertainment. The sleek white open island kitchen features a Silverstone quartz counter top, imported Italian cabinetry, Bertazzoni gas range and oven, integrated ultra quiet dishwasher and integrated Liebherr refrigerator. The bedrooms are thoughtfully arranged on opposite ends of the apartment, ensuring privacy. The primary bathroom is equipped with a dual sink vanity, and is conveniently located en-suite, and has a heated floor. Additional home features include beautiful hardwood floors and an in-unit washer and dryer.

  The building offers an array of top-notch amenities that cater to a variety of lifestyles. Enjoy the 24-hour full-service attended lobby, unwind in the beautifully landscaped 6,000-square-foot courtyard, or take in the city views from the furnished, landscaped roof deck. Fitness enthusiasts will appreciate the fitness center, while cyclists will benefit from the bicycle storage. Pet owners can pamper their furry friends at the pet spa.

  Situated minutes away from the bustling Midtown business district and the C/E subway station, this location is a dream come true for city dwellers. Immerse yourself in the city's rich culture with nearby restaurants, cafes, Broadway theaters, and bars. This home is also an excellent choice for out-of-town visitors seeking a convenient base to enjoy all that New York City has to offer.

 There is currently a 421-a tax abatement for the bldg, ending in 2027, whereby the monthly tax will increase to $1,985 mo.

  Don't miss the opportunity to view this stunning home. Schedule your appointment today!

## Property Details

- **Property Type**: Condominium
- **Beds**: 2
- **Baths**: 2
- **Rooms**: 5
- **Stories**: 7
- **Year Built**: 2015
- **Common Charges**: $1,704 / Monthly
- **Listed On**: Aug 13, 2025
- **Days on Market**: 390 Days

### Residence Features

- Central Air
- Building Other
- Building Courtyard
- Building Roof Deck

## 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 two-bedroom sales at 540 West is $1,337,500, based on 6 sales between November 2021 and January 2026. This home is asking $1,175,000, $162,500 below that median. The middle half of those sales closed between $1,268,750 and $1,443,750.

- **Median closed price**: $1,337,500
- **Middle half**: $1,268,750 – $1,443,750
- **Based on**: 6 two-bedroom sales at 540 West
- **Period**: November 2021 – January 2026
- **Median $/ft²**: $1,182/ft²

Across the 5 of these sales with a published asking price, the median closed at 92% of what it originally asked. 80% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 92% of the original ask
- **Closed below ask**: 80% of 5 sales
- **Listed → in contract**: 101 days (about 14 weeks)
- **In contract → closed**: 54 days (about 8 weeks)

Across the 5 of these sales with a published asking price, the median closed at 92% of what it originally asked. 80% of them closed below the original ask.

Half of these homes were in contract within 101 days (about 14 weeks) of coming to market, based on the 4 with a recorded listing date.

Once a deal was agreed, closing took a further 54 days (about 8 weeks), based on the 4 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 6 two-bedroom sales at 540 West, November 2021 – January 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 506N

Review the recorded listing activity for 540 West 49TH Street, Unit 506N, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $50,000, or 4.1%, on July 27, 2026
- **Originally listed**: August 13, 2025 at $1,350,000
- **Current asking price**: $1,175,000

| Date | Price | Listing event |
| --- | --- | --- |
| July 27, 2026 | $1,175,000 | Returned to the market |
| July 27, 2026 | $1,175,000 | Asking price reduced by $50,000, or 4.1% |
| August 13, 2025 | $1,350,000 | Listed for sale by Douglas Elliman Real Estate |
| May 28, 2015 | — | Sold |
| October 30, 2013 | $1,955,000 | Listed for sale by Halstead dba Brown Harris Stevens Residential Sales LLC |

## Property Tax History

Taxes at 540 West 49th Street #506N were $23,620 in 2026, down 0.1% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $247,535 | $85,139 | $162,396 | $230,855 | $23,620 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $253,345 | $85,139 | $168,206 | $231,204 | $23,655 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $238,296 | $85,139 | $153,157 | $229,289 | $18,265 | 12.5% |
| 2023 (FY 2023/24) | $231,673 | $85,139 | $146,534 | $228,000 | $18,172 | 12.502% |
| 2022 (FY 2022/23) | $222,315 | $85,139 | $137,176 | $222,315 | $15,211 | 12.267% |
| 2021 (FY 2021/22) | $222,315 | $85,139 | $137,176 | $221,602 | $15,434 | 12.235% |
| 2020 (FY 2020/21) | $247,042 | $85,139 | $161,903 | $220,864 | $15,725 | 12.267% |
| 2019 (FY 2019/20) | $247,174 | $85,139 | $162,035 | $215,208 | $15,620 | 12.473% |
| 2018 (FY 2018/19) | $251,060 | $85,138 | $165,922 | $204,481 | $14,772 | 12.612% |
| 2017 (FY 2017/18) | $221,919 | $85,138 | $136,781 | $184,463 | $12,675 | 12.719% |
| 2016 (FY 2016/17) | $203,431 | $85,139 | $118,292 | $167,521 | $10,982 | 12.892% |
| 2015 (FY 2015/16) | $118,080 | $85,138 | $32,942 | $68,918 | $2,754 | 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 1010771041. 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [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 | 389 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 | 2,279 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 | 241 days |
| [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 | 179 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 | 173 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 | 167 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 | 94 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 | 93 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 | 2 days |

## Estimated Monthly Payment

**$7,645 / month**, assuming a 20% down payment ($235,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $5,941
- **Common Charges**: $1,704

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

## 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.