--- title: "540 West 49th Street #505S, New York City, NY 10019" description: "540 West 49th Street #505S, New York City, NY 10019 — Midtown West, New York City, NY. Listing Price $670,000. Studio bed, 1 bath, 577 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-s-505S-ny-10019" source: "Real Estate Rebate Team" dateModified: "2026-09-11T12:57:51.843Z" status: "Active" --- # 540 West 49th Street #505S, New York City, NY 10019 Midtown West, New York City, NY Courtesy of Leven Real Estate Last updated: September 11, 2026, 8:57 AM ## At a Glance - **Listing Price**: $670,000 - **Beds**: Studio - **Baths**: 1 - **Sqft**: 577 - **Common Charges**: $906 / mo - **Monthly Taxes**: $969 / mo - **Price per Sqft**: $1,161 - **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 #505S, New York City, NY 10019 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f1e9e6ca-366e-452b-8d0e-2fbabe12e79b.jpg) ![540 West 49th Street #505S, New York City, NY 10019 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1e4b1003-b1f1-4eca-8e3f-db085aa328e1.jpg) ![540 West 49th Street #505S, New York City, NY 10019 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f4b8ba54-05e0-4aa7-9653-37b55432a343.jpg) ![540 West 49th Street #505S, New York City, NY 10019 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6330d283-540b-4ea2-ac4c-22b805ac3831.jpg) ![540 West 49th Street #505S, New York City, NY 10019 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4e47bad9-472c-4b63-82ce-517027da9ef0.jpg) ![540 West 49th Street #505S, New York City, NY 10019 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cb4d4e49-f5e1-4d34-a2bc-2ada1cfa4dd5.jpg) ![540 West 49th Street #505S, New York City, NY 10019 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ee80ae75-3d1c-4f4b-abb5-0a4c8c3703bc.jpg) ![540 West 49th Street #505S, New York City, NY 10019 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/402f821f-17bc-4b68-a03b-2c6583c188e3.jpg) ![540 West 49th Street #505S, New York City, NY 10019 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d8f00e63-9a1a-4931-ba36-9030dcce5edc.jpg) ![540 West 49th Street #505S, New York City, NY 10019 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/eb72b6b9-c35a-4192-bb4f-353e0fff3534.jpg) ## Property Overview Bright, south-facing studio at the stylish 540West Condo, in the heart of Hell's Kitchen. This dynamic glass and steel facade houses a boutique and modern condo with a state-of-the-art fitness center, bicycle storage, a fireplace lounge, several lush outdoor spaces including a 6,000 square-foot courtyard and two furnished rooftop terraces with an outdoor kitchen on each tower. 24-hour doorman and super complete the services of this well-maintained property. Apartment 505-S is an interior designer's dream a 577 sq ft studio outfitted with white oak hardwood flooring and floor-to-ceiling windows that flood the residence with natural light. The gourmet kitchen features a silverstone quartz countertop, imported Italian cabinetry, Bertazzoni gas range and oven, integrated ultra-quiet dishwasher, and an integrated Liebherr refrigerator. The bath features a deep soaking tub with handheld and rain-head shower fixtures, floating vanity, and imported Italian porcelain tile. Other features include Individually-controlled central heating/cooling and washer/dryer are in unit. ## Property Details - **Property Type**: Condominium - **Baths**: 1 - **Rooms**: 1 - **Sqft**: 577 sqft - **Stories**: 7 - **Year Built**: 2014 - **Price per Sqft**: $1,161 - **Common Charges**: $906 / Monthly - **Monthly Taxes**: $969 / mo - **Listed On**: Jun 5, 2026 - **Days on Market**: 103 Days ### Residence Features - Central Air - Central - In Unit - Eat-in Kitchen - High Ceilings - Dishwasher - Stainless Steel Appliance(s) - Hardwood - City ## 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 Midtown West is $542,500, based on 4 sales between October 2024 and April 2026. This home is asking $670,000, $127,500 above that median. The middle half of those sales closed between $492,500 and $546,250. - **Median closed price**: $542,500 - **Middle half**: $492,500 – $546,250 - **Based on**: 4 condo studio sales in Midtown West - **Period**: October 2024 – April 2026 - **Median $/ft²**: $1,228/ft² This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Midtown West instead. ### 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) ## Property Tax History Taxes at 540 West 49th Street #505S were $11,699 in 2026, down 0.1% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $122,600 | $42,168 | $80,432 | $114,338 | $11,699 | 12.5% (estimated) | | 2025 (FY 2025/26) | $125,477 | $42,168 | $83,309 | $114,511 | $11,716 | 12.5% (estimated) | | 2024 (FY 2024/25) | $118,024 | $42,168 | $75,856 | $113,563 | $9,047 | 12.5% | | 2023 (FY 2023/24) | $114,744 | $42,168 | $72,576 | $112,924 | $9,000 | 12.502% | | 2022 (FY 2022/23) | $110,109 | $42,168 | $67,941 | $110,109 | $6,182 | 12.267% | | 2021 (FY 2021/22) | $110,109 | $42,168 | $67,941 | $109,756 | $6,149 | 12.235% | | 2020 (FY 2020/21) | $122,356 | $42,168 | $80,188 | $109,390 | $3,723 | 12.267% | | 2019 (FY 2019/20) | $122,421 | $42,168 | $80,253 | $106,583 | $3,715 | 12.473% | | 2018 (FY 2018/19) | $124,346 | $42,168 | $82,178 | $101,267 | $1,755 | 12.612% | | 2017 (FY 2017/18) | $109,913 | $42,168 | $67,745 | $91,296 | $1,347 | 12.719% | | 2016 (FY 2016/17) | $100,756 | $42,168 | $58,588 | $82,847 | $1,365 | 12.892% | | 2015 (FY 2015/16) | $58,483 | $42,167 | $16,316 | $33,952 | $1,364 | 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 1010771098. 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 10 active listings. - **Year Built**: 2014 - **Total Units**: 10 - **Floors**: 7 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/540-west) ### Available Residences — For Sale (10) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [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 | 102 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 | 2,288 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 | 398 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 | 250 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 | 188 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 | 182 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%) — In contract | Compass | Mar 23, 2026 | 176 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 | 103 days | | [101S](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street-101s-ny-10019) | 1 | 1 | 779 sqft | $1,154 | $899,000 | Corcoran Group | Sep 9, 2026 | 6 days | | [405S](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/540-west-49th-street-405s-ny-10019) | Studio | 1 | 577 sqft | $1,211 | $699,000 | Compass | Sep 12, 2026 | 3 days | ## Estimated Monthly Payment **$5,263 / 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**: $969 - **Common Charges**: $906 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Midtown West Explore more real estate and insights about Midtown West. [Explore Midtown West](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown-west) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Midtown West - [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill) - [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district) - [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) - [Hells Kitchen real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/hells-kitchen) - [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district) - [Chelsea real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea) ## Related Links - [540 West — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/540-west) - [Midtown West neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown-west) - [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.