540 West 28th Street (+Art)
540 West 28th Street, New York, NY 10001
BBL 1006997502 · BIN 1088126
- Year built
- 2010
- Type
- Condominium
- Units
- 90
- Floors
- 13
- Landmark
- No
- Pets
- Permitted under the condominium rules
- Subletting
- Permitted under the condominium declaration — investor-friendly
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2011–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $1,705
- Listing discount
- 7.4%
- Recorded sales
- 187
- On record
- 2011–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at +Art would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
+Art at 540 West 28th Street is a design-forward condominium in West Chelsea, on West 28th Street between Tenth and Eleventh Avenues — half a block from a High Line entrance and in the middle of the Chelsea gallery district. Completed in 2010 to a GF55 Partners design (with a façade by Michael Kirchmann of Global Design Strategies) and developed by a group including Ekstein Development and L&M Development Partners, the building is recognizable for its orange-brick façade with protruding rounded red-masonry window frames and metallic pilasters — an industrial-gallery aesthetic that reads as art-district architecture.
The block itself is part of the story. West 28th Street between Tenth and Eleventh has become a "architects' block," with +Art sitting alongside Zaha Hadid's 520 West 28th and an Isay Weinfeld-designed condominium. (+Art is a distinct building from the Hadid tower next door — a common point of confusion.) The location pairs the High Line, The Shed, Hudson Yards, Moynihan Train Hall, and more than 100 galleries with the 7 train at 34th Street–Hudson Yards.
For buyers, +Art combines a full-service program, distinctive contemporary architecture, in-unit laundry, and an investor-friendly policy framework in one of Manhattan's most dynamic art-and-development neighborhoods.
Architecture and unit composition
The 13-story building holds roughly 90 to 91 residences, with setbacks above the ninth floor that give the upper apartments terrace opportunities and open exposures. The mix runs from studios of roughly 445 to 570 square feet through three-bedrooms, topped by penthouse duplexes. Interiors from the 2010 delivery feature white oak floors, kitchens with walnut cabinetry and black-granite counters, Sub-Zero and Bertazzoni appliances, and in-unit Bosch washer/dryers.
The façade's protruding rounded window frames are not merely decorative — they shape the light and the window bays inside the apartments, and they give the building its identity within the gallery-district streetscape.
Building operations
+Art operates as a full-service condominium: 24-hour doorman, concierge, a live-in resident manager, a fitness center, a landscaped "Art Yard" courtyard, a furnished rooftop terrace with cabanas, a wet bar, and a grill, cold storage, a bicycle room, and central air conditioning. There is no on-site parking garage. Common charges and property taxes reflect a full-service contemporary building; buyers should model the full monthly carry and review reserves and any capital history during due diligence, as is prudent for any condominium now more than a decade into occupancy.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2015–20 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
421-a Tax Abatement
- Last year of benefit
- FY2021
- Fully taxed from
- FY2022 (2021–22)
- Program
- 421-a (10-year)
The 421-a benefit has run its term. Taxes on these units have stepped up toward the full assessed amount, so the low carrying cost this building once carried is no longer available. Price from the current tax bill, and treat any comparable sale made while the abatement was still running as a different asset.
Source: NYC Dept. of Finance property-tax exemption records (421-a), refreshed 2026-09-06 · The Roebling Research Library. Confirm the exact step-up schedule on the building’s DOF tax bill. Years shown are NYC tax years, which start July 1 — FY2022 runs July 1, 2021 to June 30, 2022. The benefit last appears on the 2021 assessment roll, which is what dates the end of the term.
The 421-a Expiration Wave — our study of when these benefits expire citywide, and what the resale record shows about pricing as they do.
Management & transfer contacts
- Sublet policy
- Allowed; monthly lease fee 5% of rent (new & renewals as of Mar 2026)
- Notable fees
- Condo. Max financing 80%. App processing $700; credit $120/applicant; move-in deposit $2,500 + fee $1,000; move-out deposit $2,500 + fee $500; working capital 2 months common charges
Recent sales
As a condominium, +Art prices on a price-per-square-foot basis, with pricing that reflects the West Chelsea location, the High Line proximity, and the building's design profile. Within the building, floor, exposure, outdoor space, view, and condition drive pricing more than any building average; the setback upper floors, terraced residences, and penthouse duplexes carry the premiums.
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Sep 10, 2026 | 3D | 2 BR · 2 BA · 1,169 sf | $1,915,000 | $1,638/sf | -4.0% |
| Aug 11, 2026 | 4B | 2 BR · 2 BA · 1,181 sf | $1,900,000 | $1,609/sf | -2.6% |
| May 21, 2026 | 3B | 2 BR · 2 BA · 1,181 sf | $1,880,000 | $1,592/sf | -3.5% |
| Mar 16, 2026 | 9C | 1 BR · 1 BA · 741 sf | $1,190,000 | $1,606/sf | -4.8% |
| Dec 19, 2025 | 9F | 1 BR · 1 BA · 729 sf | $1,111,000 | $1,524/sf | -10.8% |
| Jul 16, 2025 | 9E | 1 BR · 1 BA · 776 sf | $1,240,000 | $1,598/sf | off-mkt |
| Jul 1, 2025 | 4D | 2 BR · 2 BA · 1,161 sf | $1,860,000 | $1,602/sf | -1.8% |
| Jun 12, 2025 | 12E | 1 BR · 1 BA · 897 sf | $1,355,000 | $1,511/sf | -3.2% |
Market read. Most recent trades (2026) cleared a median $1,705/sf (floor-adjusted) across 4 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 7.4% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00699-7502). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
Closed rents at +Art, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 6 | $5,500 |
| 2 bedroom | 6 | $8,500 |
14 closed leases, October 2023 to September 2026. Most recent lease May 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $1.8M (13 sales since 2024), a buyer putting 25% down would pay about $74,118 to close, or 4.1% of the price.
- Mansion tax: $18,000
- Mortgage recording tax: $25,988
- Title insurance: $8,100
- Attorneys, lender, building fees, reserves and filings: $22,030
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Location and design are the draw. Half a block from the High Line, in the gallery district, in a distinctive contemporary building — the West Chelsea buyer pool responds to both.
Know which building this is. +Art (540 West 28th, GF55) is a separate building from Zaha Hadid's 520 West 28th next door; make sure your search and paperwork reference the correct address.
Outdoor space and floor drive value. The setback upper floors, terraced residences, and penthouse duplexes carry the premium. Confirm exactly what a given apartment's outdoor space and exposure deliver.
Condo flexibility is real. Pied-à-terre, subletting, foreign buyers, and LLC/trust ownership are permitted under the declaration; closings run on condo timelines. The building is investor-friendly.
Mansion tax thresholds apply. At this building's pricing, the $1M, $2M, and higher cliffs can be in play. Run pricing through the Mansion Tax Calculator.
What to know if you’re selling
Lead with the location and the architecture. The High Line proximity, the gallery district, and the building's distinctive façade are the differentiators; marketing should foreground them.
Present the outdoor space and the finishes. For terraced and upper-floor lines, photography and staging that read the outdoor space and the 2010 finish package support price.
Price per square foot against the right comps. Comparable analysis should weight floor, exposure, outdoor space, and condition.
Comparable buildings
If you're considering 540 West 28th Street, also evaluate:
- Chelsea — the broader corridor's contemporary condominium market
- Hudson Yards — the adjacent corridor's new-development condominium stock
More Chelsea buildings
- 525 West 22nd Street (The Spears Building) — 1996 condominium
- 527 West 27th Street — 2015 condominium
- 532 West 20th Street — 2021 condominium by DDG
- 550 West 29th Street — condominium by Hill West Architects
- 551 West 21st Street — 2015 condominium by Foster + Partners
- 555 West 23rd Street (555W23) — 2005 condominium by Stephen B. Jacobs Group
The neighborhood
For the full corridor — architecture, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at +Art?
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