Condominium · 2015
540West
545 West 48th Street, New York, NY 10036
Buildings·Chelsea·Condominium

545 West 48th Street

545 West 48th Street, New York, NY 10036

CorridorChelsea
At a glance
Year built
2015
Type
Condominium
Landmark
No
The Data Room

Every recorded sale at this building, 2015–2025

Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.

Median $/sf
$1,095
Recorded sales
66
On record
2015–2025

545 West 48th Street is the 48th Street tower of 540West, a block-through condominium in Hell's Kitchen developed by Fortis Property Group and completed in 2015. A distinction worth making up front: 545 West 48th is not a standalone boutique building — it is the South Tower of a single development that runs through the block to 540 West 49th Street (the North Tower), the two towers joined by an open-air breezeway over a shared landscaped courtyard. Listing records keep a separate address for the 48th Street tower, but the building, developer, architect, and amenities are one and the same.

The building's argument is design-forward, amenity-rich, low-rise ownership in a fast-improving corridor: a full-service condominium built around a 6,000-square-foot central courtyard, at pricing that has historically sat below the trophy towers of Hudson Yards and Billionaires' Row a few blocks off, while sharing much of the same Far West Side access. For buyers who want a new-construction, courtyard-centered condominium near the Hudson River Park and the Theater District, 540West is built to compete on design and amenity-per-dollar.

Architecture and unit composition

540West is a contemporary glass-and-steel low-rise: two seven-story towers, designed by S9 Architecture (an affiliate of Perkins Eastman) with interiors by the Meshberg Group, connected by an open-air breezeway over a landscaped courtyard at the building's center. The horizontal, courtyard-organized massing is the building's signature — a deliberate counter to the vertical glass towers to the south — and gives the interior-facing apartments light and quiet unusual for the density of the corridor.

The residences span the full size range — studios through two-bedrooms and penthouses — with white-oak floors, central HVAC, in-unit washer/dryers, and Bertazzoni and Liebherr kitchens standard, in the clean contemporary register of 2015-era new construction. Floor, exposure, courtyard-versus-street orientation, and outdoor space drive the in-building pricing spread; the penthouses with private terraces command the premium.

Building operations

For a low-rise of its size, 540West's amenity program is genuinely deep: a 24-hour doorman and concierge, a lobby lounge with a fireplace, a fitness center, two landscaped roof decks, a pet spa, and — the centerpiece — a 6,000-square-foot landscaped central courtyard with a reflecting pool, a fire pit, dining areas, and open-air movie viewing, plus bike and private storage. The courtyard and the two roof decks put it ahead of most condominiums in its price band on the Far West Side.

As a condominium, the ownership terms are the flexible ones buyers expect: financing latitude with no co-op-style cap, no board admissions process, and pied-à-terre and investment ownership customary, with subletting and resale governed by condominium by-laws and a right-of-first-refusal. The building carries a 421-a tax abatement, which materially affects carrying costs — confirming the abatement's current status and remaining term is central to underwriting here. Common-charge and tax specifics follow the offering plan; we review the current figures with buyers as part of any transaction.

Recent sales

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.

DateUnitApartmentPricePPSF
May 30, 2025607S
677 sf
$800,000$1,182/sf
Aug 29, 2023301S
1,215 sf
$1,350,000$1,111/sf
Jul 24, 2023107S
1,027 sf
$1,575,000$1,534/sf
Nov 23, 2021308S
1,149 sf
$1,475,000$1,284/sf
Apr 14, 2021501S
1,215 sf
$1,540,000$1,267/sf
Aug 28, 2020203S
753 sf
$1,025,000$1,361/sf
Jun 6, 2019405S
577 sf
$818,000$1,418/sf
Aug 3, 2018107S
1,027 sf
$1,603,744$1,562/sf

Market read. Most recent trades (2025) cleared a median $1,095/sf across 1 sale.

The retrade record

Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.

107S · 1,027 sf+12%
$1,400,094 ($1,363/sf) 2015$1,603,744 ($1,562/sf) 2018$1,575,000 ($1,534/sf) 2023
605S · 577 sf+5%
$824,783 ($1,429/sf) 2015$870,000 ($1,508/sf) 2018
203S · 753 sf+4%
$987,703 ($1,312/sf) 2015$1,155,000 ($1,534/sf) 2015$1,025,000 ($1,361/sf) 2020
405S · 577 sf+2%
$799,326 ($1,385/sf) 2015$818,000 ($1,418/sf) 2019
604S · 779 sf+1%
$1,120,075 ($1,438/sf) 2015$1,135,000 ($1,457/sf) 2017
View all 66 recorded sales, sortable

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 1-01077-7501) 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

The variables that move price here are floor, exposure, courtyard-versus-street orientation, and outdoor space — a penthouse or terrace position is worth materially more than a comparable interior unit. The 421-a abatement is central to the math: confirm its current status and remaining term, and model the post-abatement carry, not just today's taxes. As a condominium, the purchase path is light — no board approval, flexible financing, pied-à-terre and investment ownership customary — which broadens the pool. We help buyers read the offering plan and the abatement schedule, compare price per square foot against the Far West Side set, and model carrying costs across the abatement runway.

What to know if you’re selling

Lead with what the building does better than its price-band peers: a 6,000-square-foot landscaped courtyard, two roof decks, and S9/Perkins Eastman design in flexible condominium form near the Hudson River Park and Hudson Yards. Sellers should benchmark to recent in-building resales and comparable Far West Side condominiums, present the amenity package and the 421-a abatement clearly, and market courtyard, terrace, and penthouse apartments on their outdoor space — the building's scarcest and most defensible asset. Positioning the abatement's carrying-cost benefit to a value-aware buyer pool is part of the pricing work.

Comparable buildings

If you're considering 540West, also look at these Hell's Kitchen and Far West Side buildings:

The Roebling Team at 540West

The Roebling Team at Compass works the Far West Side closely — the new condominiums of Hell's Kitchen, the High Line, and the Hudson Yards edge, their amenity programs and tax abatements, and how their pricing compares to the trophy towers nearby. We publish this profile because buyers and sellers at amenity-driven condominiums deserve building-specific intelligence: design, the amenity program, ownership structure, tax treatment, and where the pricing sits.

If you're weighing a purchase or sale at 540West, a 30-minute consultation is the right starting point.

The neighborhood

For the full corridor — architecture, schools, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.

Considering a move at 540West?

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com