$950,000
Updated 6 years ago
Sold

540West

540 West 49th Street, 206-S

Hell's Kitchen, Manhattan | Tenth Ave & Eleventh Ave

3 Rooms1 Bed1 Bath669 Square FeetCondo

$950,000
Common Charges$825
RE Taxes$379
Price Per SF
$1,420

This property was sold for $880,000 on 04/03/20.

Listing Features

  • Separate Dining Area
  • W/D Hookups
  • Walk-in Closet
  • Flr-to-Clg Windows
  • New Windows
  • Wall of Windows
  • Dishwasher
  • Gourmet Kitchen
  • Microwave
  • S Steel Appliances
  • Double Vanity
  • Soaking Tub

Outdoor space and views

  • South Exposure

Building Amenities

  • Full-Time Doorman
  • Bike Storage
  • Courtyard
  • Elevator
  • Fitness Facility
  • Pool
  • Resident Lounge
  • Roof Deck
  • Screening Room
  • Storage

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 540 West 49th Street, 206-S

This spacious one bedroom, one bath condo unit in a boutique building is close to Hudson Yards and in the heart of Hell's Kitchen.It is a rare opportunity to purchase a large one bedroom home in an amenity filled building with 421A abatement, which expires 6/30/27 for under $1M.

Given the monthly carrying costs ($1,204) and the achievable rental income ($3,750), this 669 square feet apartment is an ideal investment with a 3.22% CAP.

Floor to ceiling windows and white oak hardwood floors greet you upon entering the living space. The custom chef's kitchen is outfitted with a Bertazzoni gas range, Silverstone quartz countertop, and Italian cabinetry. The highlights of the bathroom include a standing shower, deep soaking tub, Italian porcelain tiles, and a rain showerhead. The apartment features central heating and cooling, which can be remotely controlled through Nest.

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. The Building's amenities include 24-hour doorman, resident's lounge with fireplace, fitness center, two landscaped roof decks, 6,000 square foot courtyard with patio seating, and bike storage.

Photos are virtually staged.

Listing History for 540 West 49th Street, 206-S

Now
04/23/2020
$880,000
Sold and Closed by Karan Chopra
Douglas Elliman
01/31/2020
Contract Signed by Karan Chopra
Douglas Elliman

Building Details for 540 West 49th Street

OwnershipCondo
Building TypeLow-Rise
Service LevelFull-Time Doorman
AgePost-War
AccessElevator
Year Built2015
Financing Allowed90%
Floors/Apts7/56
Learn More About the Building

Transit and Citi Bike

Subway

50 St
0.45 miles

Citi Bike

W 50 St & 10 Ave
0.11 miles
W 47 St & 10 Ave
0.15 miles

Contact Agents

Contact Agents

Licensed As
Licensed Real Estate Salesperson
Salesperson
License#:
10401239504
Company:
Douglas Elliman
Karan Chopra
Douglas Elliman
Emily Lewis Penn
Douglas Elliman

Hell's Kitchen | Manhattan

Quick Profile

There is some mystery surrounding Hell’s Kitchen and how it got its name. There’s the tale about two policemen discussing how horrendous the neighborhood was back in 1880’s. The rookie cop turned to the veteran cop and said, “this place is hell.” The veteran cop replied, “No, this is hell’s kitchen.” Some say it's named after a notorious 19th century motorcycle gang. Even the historians will tell you the neighborhood's name has dubious origins. 

Regardless of how it got its name, Hell’s Kitchen is here to stay.

Hell’s Kitchen is an iconic neighborhood on the west side of Manhattan. Its boundaries are 34th and 59th streets and 8th Avenue to the Hudson River. The neighborhood has a dense urban feel with plenty of bars, bodegas, restaurants and coffee shops. It’s inhabited by an eclectic mix of young professionals, long term residents from the old days, LGBQT community and members of the performing arts community - due to the highest number of off Broadway theatres in all of New York CIty. 

From the early 1800’s to the 1980’s, Hell’s Kitchen held the title for one of the toughest neighborhoods in the city. In its early history it was populated by poor working class Irish and street gangs. Riots, violence, and crime were not uncommon. During prohibition times it was said that Hell’s Kitchen had more speakeasies than children. 

Several attempts of neighborhood rebranding have taken place over the years. Clinton, Midtown West, and even the short-lived Hell’s Canyon are a few of the replacement names that have been used. Hell’s Kitchen has a lot of grit and no shortage of fortitude. A trendy name change seems doubtful. 

Hell’s Kitchen benefited greatly from the Times Square clean up in the 1990’s. When crime rates lowered and adult theatres and prostitution disappeared, Times Square became less sleazier. Soon after, Hell’s Kitchen changed. The days of Gangsters, Irish immigrants, and rough and tumble housing tenements are part of its storied history. They’ve been replaced with bars, bodegas, restaurants, off broadway theatres, and luxury buildings. The recent completion of Hudson Yards and the Highline extension has brought new life into Hell’s Kitchen 

Low-rises, brownstones, row houses and 5 to 6 floor walk ups with studio and one bedroom apartments are common in Hell’s Kitchen. The local zoning laws from previous years kept the building heights on the lower side. Over the past decade, developers have been granted exceptions to building height zoning laws and created more modern highrise developments.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1266290