540West

New York /
Jul.July 10, 2014 12:01 PM

The new condo development 540West, at 540 West 49th Street, is made up of two connected seven-story buildings; their facades, composed of glass and steel, reflect the brownstones on the other side of 49th Street. One unique feature of the 114-unit project is its split-level lobby, which opens into a breezeway and a 6,000-sqaure-foot courtyard where the two buildings meet. Since 540West hit the market in October 2013, three apartments have sold, and 64 are in contract. Asking prices for available units range from $725,000 for a 501-square-foot studio to $2.94 million for a 1,336-square-foot penthouse. The project was developed by Fortis Property Group and designed by the Meshberg Group. The courtyard boasts lounging, dining and outdoor movie-viewing spaces. Occupancy is slated for the fall of 2014. Contact www.540west.com or 212-521-5753.

NAME540West PRICE RANGEFrom $725,000 to $2,940,000
ADDRESS540 West 49th Street SIZE RANGEFrom 501 Sq Ft to 1,336 Sq Ft
TYPENew BuildingAVG PPSF$1,559
TOTAL UNITS114TAX ABATEMENTPending
DEVELOPERFortis Property GroupAVG COMMON CHARGE$1.12/sf
BROKERHalsteadFINISHED BYFall/Winter 2014
Source: Streeteasy, BuzzBuzzHome, TRD, news reports. Data as of early July. List primarily includes Manhattan condo projects that have started sales since Jan. 1, 2010 that have units on market. Projects that started sales since Jan. 1, 2010 that subsequently sold out, have all units in contract or don’t currently have any listings on the market were excluded in most cases. “Price range,” “Size range,” “Avg PPSF (Price Per Square Foot)” and “Common Charge” refer to units currently for sale.

Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Upcoming issue: Surreal estate
Upcoming issue: Surreal estate
Upcoming issue: Surreal estate
1301 Sixth Avenue and Paramount Group's Albert Behler (Google Maps, Getty)
Wells, Morgan Stanley to provide Paramount’s $860M refi at 1301 Sixth Avenue
Wells, Morgan Stanley to provide Paramount’s $860M refi at 1301 Sixth Avenue
Clockwise from top left: Charles Cohen, Douglas Durst and 657 West 57th Street Avenue (Getty, Google Maps)
Durst sues Landmark Theatres for $49M in damages, unpaid rent at UWS cinema
Durst sues Landmark Theatres for $49M in damages, unpaid rent at UWS cinema
MGM Growth Properties CEO James Stewart and Vici CEO Edward Pitoniak (MGM, Vici)
Casino REIT Vici Properties acquires MGM Growth Properties in $17B deal
Casino REIT Vici Properties acquires MGM Growth Properties in $17B deal
Multifamily, industrial sales highlight strong week for mid-market deals
Multifamily, industrial sales highlight strong week for mid-market deals
Multifamily, industrial sales highlight strong week for mid-market deals
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...