540 West 49th Street #405S, New York City, NY 10019
Listing Courtesy of Compass
$840,000
Potential Rebate: $12,600
Overview
Investment Opportunity - tenant in place until January 31st, 2027 paying $3,850 per month. 5.5% cap rate.
Welcome to Residence 405S at 540WEST - a beautifully designed 577 SF loft-style studio offering soaring 10’ ceilings, wide-plank white oak floors, floor-to-ceiling south-facing windows, central air, and an in-unit washer/dryer.
A gracious foyer sets the tone as you enter the home, creating a true sense of arrival. Just off the hallway is a large storage closet with a washer/dryer tucked neatly inside. The sleek Pullman kitchen is outfitted with Silverstone quartz countertops, imported Italian cabinetry, a Bertazzoni gas range and oven, an ultra-quiet integrated dishwasher, and a Liebherr refrigerator—perfect for both everyday cooking and entertaining.
The expansive main living area easily accommodates distinct zones for dining, lounging, sleeping, and even a home office. Built-in closets on the left provide excellent storage, while the massive south-facing windows bathe the entire space in natural light. Double-paned glass ensures exceptional tranquility.
The spa-like bathroom features a floor-to-ceiling glass shower with both rain-head and handheld fixtures, a floating vanity, imported Italian porcelain tile, and heated floors for year-round comfort. The home is complete with individually controlled central heating and cooling.
540WEST is a full-service boutique condominium in the heart of Hell’s Kitchen. This unique two-tower, seven-story development is centered around a stunning 6,000 SF landscaped courtyard - complete with lounge areas, dining spaces, a reflection pool, and open-air movie nights. Building amenities include a 24-hour attended lobby with a fireplace and intimate lounge, a fitness center, two beautifully landscaped roof decks with BBQ grills, a pet spa, bike storage, and more.
Perfectly positioned near the neighborhood’s best dining on 9th and 10th Avenues, moments from Columbus Circle and Central Park, the Hudson River Greenway, and multiple subway lines (1/A/C/E/B/D/R), this location offers both convenience and lifestyle.
Residence 405S delivers style, light, and luxury living in one of Manhattan’s most vibrant neighborhoods.
Home Features
- •Central Air
- •Building Washer Dryer Install Allowed
- •In Unit
Estimated Monthly Payment
$5,733 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$12,600
Monthly savings impact
$35/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20063356
Price Analysis
Compare average listing prices and value metrics for 540 West 49th Street against the surrounding Hell's Kitchen market.
Average List Price
Price Per SqFt
4.11% Higher
than the Hell's Kitchen price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Hell's Kitchen.
Hell's Kitchen
Restaurant Row & Nightlife
\nHell's Kitchen (Clinton) is vibrant, diverse, and food-focused. It stretches west of the Theater District.
\nReal Estate & Housing Market
\nWalk-up tenements mix with massive new luxury rental towers (like Sky and Silver Towers).
\nLifestyle & Community
\nThe dining scene along 9th Ave is legendary. Very popular with the LGBTQ+ community and Broadway actors.
\nTransportation & Accessibility
\nA/C/E at 8th Ave. Port Authority offers buses everywhere.
\nParks, Schools & Amenities
\nHudson River Park is the backyard. Intrepid Museum nearby.
\nWho This Neighborhood Is Best For
\nBest for foodies, theater lovers, and young professionals.
