545 West 48th Street
545 West 48th Street, New York, NY 10036
BBL 1010777501 · BIN 1088852
Every recorded sale at this building, 2015–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $1,296
- Recorded sales
- 67
- On record
- 2015–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 540West 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.
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.
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).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
421-a Tax Abatement
- Last year of benefit
- FY2027
- Years remaining
- ~2 yrs
- Program
- 421-a (10-year)
The tax benefit ends within a couple of years. As it phases out, the property's real-estate taxes step up toward the full assessed amount — a rising monthly carrying cost worth pricing in now rather than at closing.
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 — FY2028 runs July 1, 2027 to June 30, 2028.
The 421-a Expiration Wave — our study of when these benefits expire citywide, and what the resale record shows about pricing as they do.
Recent sales
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 |
|---|---|---|---|---|
| Jul 14, 2026 | 306S | 669 sf | $850,000 | $1,271/sf |
| May 30, 2025 | 607S | 677 sf | $800,000 | $1,182/sf |
| Aug 29, 2023 | 301S | 1,215 sf | $1,350,000 | $1,111/sf |
| Jul 24, 2023 | 107S | 1,027 sf | $1,575,000 | $1,534/sf |
| Nov 23, 2021 | 308S | 1,149 sf | $1,475,000 | $1,284/sf |
| Apr 14, 2021 | 501S | 1,215 sf | $1,540,000 | $1,267/sf |
| Aug 28, 2020 | 203S | 753 sf | $1,025,000 | $1,361/sf |
| Jun 6, 2019 | 405S | 577 sf | $818,000 | $1,418/sf |
Market read. Most recent trades (2026) cleared a median $1,296/sf (floor-adjusted) across 1 sale. 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.
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 1-01077-7501). 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.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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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:
- 505 West 43rd Street (Charlie West) — 2017 ODA-designed Hell's Kitchen condominium
- 530 West 45th Street — Hell's Kitchen full-service building
- 500 West 43rd Street — The Strand, the amenity-rich Costas Kondylis-designed condominium
- 635 West 42nd Street — the Atelier, Costas Kondylis's 46-story glass condominium
- 245 Tenth Avenue — West Side condominium near the High Line
More Hell's Kitchen buildings
- 517 West 46th Street (Clinton West) — 2007 condominium by Kutnicki Bernstein Architects
- 520 West 45th Street (Inkwell) — 1905 condominium by SLCE Architects
- 529 West 42nd Street — co-op
- 547 West 47th Street (The West) — 2020 condominium by Ismael Leyva Architects
- 635 West 42nd Street (The Atelier) — 2007 condominium by Costas Kondylis & Partners
- Griffin Court, 800 Tenth Avenue — 2008 condominium by FXCollaborative (Fox & Fowle / FXFOWLE)
The neighborhood
For the full corridor — architecture, transit, and pricing across Hell's Kitchen — read The Roebling Team Guide to Hell's Kitchen.
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 540West?
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