540 W 49th Street #206S
About This Property
Step inside and be greeted by the expansive open living area, highlighted by floor-to-ceiling windows that flood the space with natural light, thanks to the southern exposure and floor-to-ceiling windows. The sleek white oak hardwood floors and recessed lighting create a warm and inviting ambiance throughout the three-room layout.
The chef's open kitchen is a culinary dream, curated and imported from Italy - featuring countertop & backsplash gorgeous quartz, dark hardwood cabinetry, Bertazzoni gas range / oven, integrated dishwasher, and Libherr refrigerator
The spacious primary bedroom is directly off the beautiful bath, which is ensconced in oversized Italian porcelain tile and comes replete with custom soaking tub, floating vanity, and rain-head water delivery system.
Additional features include in-unit washer/dryer and individually-controlled central heating & cooling system.
The intriguing and innovative interiors of 540 West 49th Street paired with its glass and steel facade position it as a modern architectural beauty in a class of its own. Â The dual-level lobby transitions into an open breezeway and central landscaped, 6,000 sq ft courtyard, which possesses an outdoor cinema and a reflecting pool between the North and South towers. Amenities include a 24/7 attended lobby, residents lounge with fireplace, fitness center, two landscaped roof decks with outdoor kitchens and bicycle storage.
421A Tax Abatement will expire in July 2027.
Listed By
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 29, 2024 | In contract | - | |
In contract | |||
Sep 23, 2024 | Price Decreased |
$885,000
↓ $10K
(1.1%)
|
|
Price Decreased | |||
Sep 9, 2024 | Listed by Compass | $895,000 | |
Listed by Compass | |||
Apr 23, 2020 | No longer available | - | |
No longer available | |||
Apr 3, 2020 | Sold to Karim Rashid | $880,000 | |
Sold to Karim Rashid |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/03/2024
|
2 Bed
|
2 Bath
|
1206 ft²
|
$1,200,000
2 Bed
2 Bath
1206 ft²
|
$1,220,000
+1.67%
08/12/2024
|
-
|
Jason Lanyard
Elliman
|
|
05/07/2021
|
2 Bed
|
2 Bath
|
-
|
$1,599,000
2 Bed
2 Bath
|
$1,500,000
-6.19%
12/02/2021
|
-
|
Pillay Demirdjian
Brown Harris Stevens Residential Sales LLC
|
|
06/10/2020
|
2 Bed
|
2 Bath
|
1206 ft²
|
$1,595,000
2 Bed
2 Bath
1206 ft²
|
$1,395,000
-12.54%
03/02/2121
|
-
|
Ariel Sassoon
Prudential Douglas Elliman Real Estate
|
|
12/01/2019
|
1 Bed
|
1 Bath
|
669 ft²
|
$999,999
1 Bed
1 Bath
669 ft²
|
$927,500
-7.25%
04/28/2020
|
-
|
PATRICK MILLS
CORE Group Marketing LLC
|
|
01/15/2019
|
Studio
|
1 Bath
|
-
|
$850,000
Studio
1 Bath
|
$850,000
07/31/2019
|
-
|
Jacques Cohen
Elliman
|
|
12/24/2018
|
Studio
|
1 Bath
|
577 ft²
|
$850,000
Studio
1 Bath
577 ft²
|
$818,000
-3.76%
06/13/2019
|
-
|
Liza Nematnejad
Prudential Douglas Elliman Real Estate
|
|
08/03/2017
|
Studio
|
1 Bath
|
533 ft²
|
$995,000
Studio
1 Bath
533 ft²
|
-
-
|
-
|
Monica Luque
Prudential Douglas Elliman Real Estate
|
|
06/19/2017
|
Studio
|
1 Bath
|
577 ft²
|
$928,000
Studio
1 Bath
577 ft²
|
-
-
|
-
|
Andrew W Anderson
Prudential Douglas Elliman Real Estate
|
|
06/13/2017
|
2 Bed
|
2 Bath
|
1157 ft²
|
$2,040,000
2 Bed
2 Bath
1157 ft²
|
-
-
|
-
|
Craig M Roth
NextStopNY Real Estate
|
|
05/25/2017
|
Studio
|
1 Bath
|
507 ft²
|
$865,000
Studio
1 Bath
507 ft²
|
-
-
|
-
|
Craig M Roth
NextStopNY Real Estate
|
|
05/15/2017
|
2 Bed
|
2 Bath
|
1157 ft²
|
$1,800,000
2 Bed
2 Bath
1157 ft²
|
-
-
|
-
|
Daniel Neiditch
River 2 River Realty Inc
|
|
04/27/2017
|
2 Bed
|
2 Bath
|
1157 ft²
|
$1,899,000
2 Bed
2 Bath
1157 ft²
|
-
-
|
-
|
Yuan Cici Cao
R New York
|
|
10/21/2016
|
2 Bed
|
2 Bath
|
1215 ft²
|
$1,950,000
2 Bed
2 Bath
1215 ft²
|
$1,780,000
-8.72%
07/25/2017
|
-
|
Sarah Padron
Douglas Elliman Real Estate
|
|
08/04/2016
|
2 Bed
|
2 Bath
|
1157 ft²
|
$2,350,000
2 Bed
2 Bath
1157 ft²
|
-
-
|
-
|
Sonia Christian-Bendt
Berkshire Hathaway HomeServices New York Properties
|
|
05/19/2016
|
2 Bed
|
2 Bath
|
-
|
$1,850,000
2 Bed
2 Bath
|
-
-
|
-
|
Ekaterina Brody
Douglas Elliman Real Estate
|
|
05/16/2016
|
2 Bed
|
2 Bath
|
1157 ft²
|
$2,450,000
2 Bed
2 Bath
1157 ft²
|
-
-
|
-
|
Abigail Agranat
Prudential Douglas Elliman Real Estate
|
|
04/29/2016
|
3 Bed
|
3 Bath
|
1664 ft²
|
$3,400,000
3 Bed
3 Bath
1664 ft²
|
-
-
|
-
|
Craig M Roth
NextStopNY Real Estate
|
|
01/28/2016
|
2 Bed
|
2 Bath
|
1232 ft²
|
$2,450,000
2 Bed
2 Bath
1232 ft²
|
-
-
|
-
|
Sang H Kwon
Prudential Douglas Elliman Real Estate
|
|
09/02/2015
|
1 Bed
|
1 Bath
|
815 ft²
|
$1,340,000
1 Bed
1 Bath
815 ft²
|
-
-
|
-
|
Sofia Dmitriyeva
R New York
|
|
03/11/2015
|
2 Bed
|
2 Bath
|
1206 ft²
|
$1,955,000
2 Bed
2 Bath
1206 ft²
|
$1,955,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
03/11/2015
|
Studio
|
1 Bath
|
501 ft²
|
$835,000
Studio
1 Bath
501 ft²
|
$835,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
02/13/2015
|
Studio
|
1 Bath
|
501 ft²
|
$790,000
Studio
1 Bath
501 ft²
|
$790,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
02/11/2015
|
Studio
|
1 Bath
|
501 ft²
|
$820,000
Studio
1 Bath
501 ft²
|
$820,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
09/29/2014
|
Studio
|
1 Bath
|
591 ft²
|
$815,000
Studio
1 Bath
591 ft²
|
$815,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
09/29/2014
|
2 Bed
|
2 Bath
|
1346 ft²
|
$3,100,000
2 Bed
2 Bath
1346 ft²
|
-
-
|
-
|
Sofia Dmitriyeva
R New York
|
|
09/22/2014
|
2 Bed
|
2 Bath
|
1157 ft²
|
$1,885,000
2 Bed
2 Bath
1157 ft²
|
$1,885,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
09/22/2014
|
Studio
|
1 Bath
|
533 ft²
|
$820,000
Studio
1 Bath
533 ft²
|
$820,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
08/27/2014
|
2 Bed
|
2 Bath
|
1206 ft²
|
$820,000
2 Bed
2 Bath
1206 ft²
|
$1,920,000
+134.15%
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
08/27/2014
|
Studio
|
1 Bath
|
501 ft²
|
$805,000
Studio
1 Bath
501 ft²
|
$805,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
08/27/2014
|
1 Bed
|
2 Bath
|
1001 ft²
|
$1,495,000
1 Bed
2 Bath
1001 ft²
|
-
-
|
-
|
Sofia Dmitriyeva
R New York
|
|
08/27/2014
|
Studio
|
1 Bath
|
591 ft²
|
$835,000
Studio
1 Bath
591 ft²
|
$835,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
08/27/2014
|
Studio
|
1 Bath
|
507 ft²
|
$735,000
Studio
1 Bath
507 ft²
|
$735,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
08/19/2014
|
2 Bed
|
2 Bath
|
1377 ft²
|
$3,030,000
2 Bed
2 Bath
1377 ft²
|
-
-
|
-
|
Sofia Dmitriyeva
R New York
|
|
08/18/2014
|
Studio
|
1 Bath
|
507 ft²
|
$780,000
Studio
1 Bath
507 ft²
|
$780,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
08/18/2014
|
Studio
|
1 Bath
|
501 ft²
|
$850,000
Studio
1 Bath
501 ft²
|
$850,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
08/18/2014
|
2 Bed
|
2 Bath
|
997 ft²
|
$1,685,000
2 Bed
2 Bath
997 ft²
|
$1,685,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
07/01/2014
|
1 Bed
|
1 Bath
|
712 ft²
|
$1,110,000
1 Bed
1 Bath
712 ft²
|
$1,110,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
06/27/2014
|
Studio
|
1 Bath
|
591 ft²
|
$800,000
Studio
1 Bath
591 ft²
|
$800,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
06/27/2014
|
1 Bed
|
1 Bath
|
669 ft²
|
$1,000,000
1 Bed
1 Bath
669 ft²
|
-
-
|
-
|
Sofia Dmitriyeva
R New York
|
|
06/27/2014
|
2 Bed
|
2 Bath
|
1336 ft²
|
$2,940,000
2 Bed
2 Bath
1336 ft²
|
-
-
|
-
|
Sofia Dmitriyeva
R New York
|
|
02/12/2014
|
2 Bed
|
2 Bath
|
1256 ft²
|
$2,650,000
2 Bed
2 Bath
1256 ft²
|
-
-
|
-
|
Sofia Dmitriyeva
R New York
|
|