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Two-Bedroom Residential Income Property

540 W 49TH Street 506N, Manhattan, NY 10019

For Sale
$1,175,000

The residence combines an open kitchen and living area with bedrooms positioned at opposite ends for added privacy.

Property SizeContact for details
Days on Market454

Property Features for 540 W 49TH Street 506N

General Information

Standard status Active
Property subtype Apartment

Units

Unit Mix 1 x 2BR/2BA
Multifamily Units 1

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $23,652

Amenities

24-hour full-service attended lobby
landscaped courtyard
roof deck
fitness center
bicycle storage
pet spa
in-unit washer/dryer

Building Details

Year Built 2015
Construction glass and steel
Listing Agency: Douglas Elliman Real Estate
Listed By: John A Herbst
Source: Dallien
Added: Aug 13, 2025 Changed: Nov 9 Last Checked: Nov 9 at 8:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate

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Investment Insights

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This 2-bedroom, 2-bathroom condominium has an open kitchen and living area, with the bedrooms set apart at opposite ends of the home. The kitchen includes Italian cabinetry, a quartz countertop, a Bertazzoni range and oven, and integrated dishwasher and refrigerator. Hardwood floors, floor-to-ceiling windows, custom blinds, and an in-unit washer and dryer are also included. The primary suite has an en-suite bathroom with a dual-sink vanity and heated floor. The building was completed in 2015.

Residents have access to a 24-hour attended lobby, a landscaped 6,000-square-foot courtyard, a furnished roof deck, fitness center, bicycle storage, and pet spa. The property is near the Midtown business district, the C/E subway station, restaurants, cafes, Broadway theaters, and bars. A 421-a tax abatement is in effect through 2027.

Key Highlights

  • 2‑bedroom, 2‑bathroom condominium
  • Bedrooms positioned at opposite ends of the residence
  • Building completed in 2015

Property Analytics

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Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

6,917
Businesses Nearby

Demographics for 10019, NY

49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Residential income properties in Manhattan, NY

$1,276 Jul
$727 Aug
$650 Sep
$877 Oct

Properties on Market for Residential income properties in Manhattan

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Residential income property - The residence combines an open kitchen and living area with bedrooms positioned at opposite ends for added privacy.
Where is this residential income property located?
The property is located at 540 W 49TH Street 506N Manhattan, NY.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom condominium; Bedrooms positioned at opposite ends of the residence; Building completed in 2015
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