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.
|NAME||540West||PRICE RANGE||From $725,000 to $2,940,000|
|ADDRESS||540 West 49th Street||SIZE RANGE||From 501 Sq Ft to 1,336 Sq Ft|
|TYPE||New Building||AVG PPSF||$1,559|
|TOTAL UNITS||114||TAX ABATEMENT||Pending|
|DEVELOPER||Fortis Property Group||AVG COMMON CHARGE||$1.12/sf|
|BROKER||Halstead||FINISHED BY||Fall/Winter 2014|