--- title: "406 West 45th Street #PHA, New York City, NY 10036" description: "406 West 45th Street #PHA, New York City, NY 10036 — Hell's Kitchen, New York City, NY. Listing Price $1,995,000. 2 bed, 2 bath, 1,074 sqft Illustrative Buyer Commission Share of $29,925 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/406-west-45th-street-pha-ny-10036" source: "Real Estate Rebate Team" status: "Active" --- # 406 West 45th Street #PHA, New York City, NY 10036 Hell's Kitchen, New York City, NY Courtesy of Berkshire Hathaway HomeServices New York Properties ## At a Glance - **Listing Price**: $1,995,000 - **Beds**: 2 - **Baths**: 2 - **Sqft**: 1,074 - **Common Charges**: $2,965 / mo - **Price per Sqft**: $1,858 - **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**: $1,995,000 - **Illustrative Buyer Commission Share**: -$29,925* - **Illustrative Net Cost**: $1,965,075 *Illustrative Buyer Savings of $29,925 — 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) ![406 West 45th Street #PHA, New York City, NY 10036 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ae49df04-f77d-475e-9d13-66e18fe4b23f.jpg) ![406 West 45th Street #PHA, New York City, NY 10036 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/489a0fbb-62eb-4d0c-bf62-1f53303bd82d.jpg) ![406 West 45th Street #PHA, New York City, NY 10036 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/032f1837-6542-4174-87dc-b9a91b9c4794.jpg) ![406 West 45th Street #PHA, New York City, NY 10036 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/51a0f1c6-b2fc-4666-a17d-a6a9a15cab9f.jpg) ![406 West 45th Street #PHA, New York City, NY 10036 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d0c3f056-1053-4500-a7ab-0a0d38feeeeb.jpg) ![406 West 45th Street #PHA, New York City, NY 10036 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3d1e83e5-fb75-46a7-9f69-840e08fd815c.jpg) ![406 West 45th Street #PHA, New York City, NY 10036 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/72cb990e-a96c-4e8b-a423-fb38deedea5b.jpg) ![406 West 45th Street #PHA, New York City, NY 10036 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f758ce81-f8e6-4c1e-b41c-92ac5818bdfe.jpg) ![406 West 45th Street #PHA, New York City, NY 10036 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cf02b0da-e1ae-41e9-ad87-2331e78a3547.jpg) ![406 West 45th Street #PHA, New York City, NY 10036 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/143f5fb3-7b42-42c7-96d1-3e744e42800f.jpg) ## Property Overview Discover Penthouse Luxury Where the City Becomes Your Backdrop Take your place among the city skyline in this stunning two-bedroom, two-bathroom penthouse featuring an awe-inspiring 800-square-foot terrace. Pristine designer interiors, an expansive split-bedroom layout and an ideal Midtown West location near Hudson River Park make this a singular Manhattan residence. Spanning approx.1100 square feet, this exquisite home impresses with wide plank solid oak floors, tall ceilings dotted with recessed lighting and expanses of 10-foot-tall windows framing open sky and leafy terrace views. The open layout welcomes you with a generous footprint for gracious indoor-outdoor living and entertaining, starting with a spacious living/dining room graced by a centerpiece black slate fireplace and custom maple cabinetry. Ahead, the sleek open kitchen features floor-to-ceiling white lacquer Italian cabinetry, ice stone countertops, and a curated suite of upscale appliances, including a Viking range with a Miele hood, a Sub-Zero refrigerator and wine cooler, and a Bosch dishwasher. The center island/breakfast bar is perfect for casual meals and conversation, or step out to the nearly 50-foot-wide terrace to take in commanding 180-degree views that stretch across the iconic city skyline. Large-format pavers usher you past the gas grill, the dining space, a roomy seating area and loungers, making this sanctuary equally ideal for peaceful reflection and lively, large-scale gatherings. The home's split-bedroom layout begins with a serene king-size primary suite offering direct access to the landscaped terrace. Northern and eastern exposures add wonderful natural light, while a wall of custom maple cabinetry and a roomy closet provide abundant wardrobe storage. Enjoy a spa-like experience in the en suite windowed bathroom, where floor-to-ceiling limestone surrounds an oversized soaking tub/rain shower, and a floating vanity topped with honed marble, a Villeroy & Boch basin, and a wide medicine cabinet. Across the living room, the skylit second bedroom is a flexible space wrapped in custom maple built-ins and desks. In the adjacent windowed guest bathroom, you'll find a walk-in glass shower and a Duravit console vanity. As one of just two homes on this level, Penthouse A delivers exceptional peace and privacy in the heart of Manhattan. Central HVAC, an in-unit washer-dryer and additional closet space complete this meticulous, turnkey residence. Completely renovated in 2006, The Thorndale is a pet-friendly boutique condominium where residents enjoy an attended lobby with refrigerated storage for perishable deliveries, resident storage, a bike room and a landscaped roof deck. Assessment of $203.00 per month ending in 2030. Positioned mid-block on a quieter, tree-lined street, this fantastic Midtown West location is just inches from great entertainment, nightlife and recreation, including the Theater District and the 500-acre Hudson River Greenway. Just a few blocks south, Hudson Yards and The High Line provide even more world-class amenities. From this centrally located district, enjoy effortless access to the whole of New York City and beyond, with the Lincoln Tunnel, the West Side Highway and nearly every subway line in the city nearby, including 7, A/C/E, N/Q/R/W, 1/2/3 and S trains. ## Property Details - **Property Type**: Condominium - **Beds**: 2 - **Baths**: 2 - **Rooms**: 4 - **Sqft**: 1,074 sqft - **Stories**: 6 - **Year Built**: 1905 - **Price per Sqft**: $1,858 - **Common Charges**: $2,965 / Monthly - **Listed On**: Apr 27, 2026 - **Days on Market**: 136 Days ### Residence Features - Building Other - In Unit - Private Outdoor Space Over 60 Sqft - Dining Area - High Ceilings - Storage - Washer Dryer Allowed - City ## Sales Evidence ### Recent closed sales 3 apartments at Thorndale Condo have recorded sales since September 2021, the most recent for $825,000 in April 2024. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 2A (Apartment) | 1 | 665 | $825,000 | $1,241/ft² | April 18, 2024 | City record · MLS | | 4B (Apartment) | 2 | 1,050 | $1,220,000 | $1,162/ft² | September 28, 2023 | City record · MLS | | 1B (Duplex) | 2 | 1,886 | $2,450,000 | $1,299/ft² | September 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 two-bedroom sales in Hell's Kitchen is $1,555,000, based on 109 sales between September 2024 and July 2026. This home is asking $1,995,000, $440,000 above that median. The middle half of those sales closed between $1,375,000 and $1,825,000. - **Median closed price**: $1,555,000 - **Middle half**: $1,375,000 – $1,825,000 - **Based on**: 109 condo two-bedroom sales in Hell's Kitchen - **Period**: September 2024 – July 2026 - **Median $/ft²**: $1,455/ft² Across the 98 of these sales with a published asking price, the median closed at 94.7% of what it originally asked. 87% 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**: 94.7% of the original ask - **Closed below ask**: 87% of 98 sales - **Listed → in contract**: 108 days (about 15 weeks) - **In contract → closed**: 58 days (about 8 weeks) Across the 98 of these sales with a published asking price, the median closed at 94.7% of what it originally asked. 87% of them closed below the original ask. Half of these homes were in contract within 108 days (about 15 weeks) of coming to market, based on the 98 with a recorded listing date. Once a deal was agreed, closing took a further 58 days (about 8 weeks), based on the 98 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 109 condo two-bedroom sales in Hell's Kitchen, September 2024 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for condo and house two-bedroom sales in Hell's Kitchen, 2016 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $1,790,000 | 17 | | 2017 | $1,798,266 | 72 | | 2018 | $1,768,750 | 54 | | 2019 | $1,600,000 | 31 | | 2020 | $1,550,000 | 34 | | 2021 | $1,565,000 | 71 | | 2022 | $1,750,000 | 61 | | 2023 | $1,775,000 | 53 | | 2024 | $1,765,000 | 40 | | 2025 | $1,550,000 | 65 | | 2026 | $1,530,000 | 35 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Hell's Kitchen instead. 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 Thorndale Condo](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/thorndale-condo) ## Price and Property History for 406 West 45TH Street, Unit PHA Review the recorded listing activity for 406 West 45TH Street, Unit PHA, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $203,000, or 9.2%, on August 10, 2026 - **Originally listed**: April 27, 2026 at $2,395,000 - **Current asking price**: $1,995,000 - **Last sold (recorded)**: $2,600,000 on June 17, 2016 | Date | Price | Listing event | | --- | --- | --- | | August 10, 2026 | $1,995,000 | Asking price reduced by $203,000, or 9.2% | | May 26, 2026 | $2,198,000 | Asking price reduced by $197,000, or 8.2% | | April 27, 2026 | $2,395,000 | Listed for sale by Berkshire Hathaway HomeServices New York Properties | | June 17, 2016 | $2,600,000 | Sold — recorded sale price | | April 27, 2016 | $2,699,000 | Listed for sale by The Corcoran Group | ## Property Tax History Taxes at 406 West 45th Street #PHA were $26,957 in 2026, up 3.1% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $231,628 | $29,249 | $202,379 | $215,656 | $26,957 | 12.5% (estimated) | | 2025 (FY 2025/26) | $221,504 | $29,249 | $192,255 | $209,247 | $26,156 | 12.5% (estimated) | | 2024 (FY 2024/25) | $208,334 | $29,249 | $179,085 | $208,334 | $26,042 | 12.5% | | 2023 (FY 2023/24) | $207,980 | $29,249 | $178,731 | $207,980 | $26,002 | 12.502% | | 2022 (FY 2022/23) | $208,844 | $29,249 | $179,595 | $205,206 | $25,173 | 12.267% | | 2021 (FY 2021/22) | $199,580 | $29,249 | $170,331 | $199,580 | $24,419 | 12.235% | | 2020 (FY 2020/21) | $223,529 | $29,249 | $194,280 | $192,969 | $23,672 | 12.267% | | 2019 (FY 2019/20) | $209,618 | $29,249 | $180,369 | $186,084 | $23,210 | 12.473% | | 2018 (FY 2018/19) | $216,648 | $29,249 | $187,399 | $173,895 | $21,932 | 12.612% | | 2017 (FY 2017/18) | $183,315 | $29,248 | $154,067 | $158,655 | $20,179 | 12.719% | | 2016 (FY 2016/17) | $163,923 | $29,248 | $134,675 | $148,461 | $19,140 | 12.892% | | 2015 (FY 2015/16) | $156,923 | $29,249 | $127,674 | $143,532 | $18,491 | 12.883% | | 2014 (FY 2014/15) | $148,672 | $29,249 | $119,423 | $137,467 | $17,671 | 12.855% | | 2013 (FY 2013/14) | $140,450 | $29,248 | $111,202 | $131,502 | $17,286 | 13.145% | | 2012 (FY 2012/13) | $132,348 | $29,248 | $103,100 | $131,473 | $17,329 | 13.181% | | 2011 (FY 2011/12) | $139,259 | $29,251 | $110,008 | $132,860 | $17,847 | 13.433% | | 2010 (FY 2010/11) | $126,599 | $29,251 | $97,348 | $131,778 | $17,596 | 13.353% | 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 1010541121. 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 ### Thorndale Condo 406 West 45th Street, New York, NY 10036 A building in the neighborhood, currently featuring 2 active listings. - **Year Built**: 1905 - **Total Units**: 2 - **Floors**: 6 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/thorndale-condo) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [PHA](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/406-west-45th-street-pha-ny-10036) | 2 | 2 | 1,074 sqft | $1,858 | $1,995,000 (-9.2%) | Berkshire Hathaway HomeServices New York Properties | Apr 27, 2026 | 135 days | | [3D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/406-west-45th-street-d-3D-ny-10036) | 2 | 2 | 1,274 sqft | $1,252 | $1,595,000 (-5.9%) — In contract | Douglas Elliman Real Estate | Mar 12, 2026 | 181 days | ## Estimated Monthly Payment **$13,053 / month**, assuming a 20% down payment ($399,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $10,088 - **Common Charges**: $2,965 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 - [Thorndale Condo — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/thorndale-condo) - [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.