540 West 28th Street (+Art)
540 West 28th Street, New York, NY 10001
Chelsea
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
- $1,635
- Listing discount
- 7.4%
- Recorded sales
- 190
- On record
- 2011–2026
+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
- —
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.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →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. Recent activity has run in the vicinity of the low-$1,700s per square foot, with asking prices tracking similarly — 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, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| 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% |
| Apr 17, 2025 | 6H | 1 BR · 1 BA · 781 sf | $1,190,000 | $1,524/sf | -0.8% |
| Mar 24, 2025 | 2G | 2 BR · 2 BA · 1,275 sf | $2,775,000 | $2,176/sf | -7.3% |
Market read. Most recent trades (2026) cleared a median $1,635/sf across 2 sales. 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) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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.
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
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.
Considering a move at +Art?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
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.