What is the rent for a 3-bedroom at 540 EAST 5 STREET, Manhattan, NY, 10009?

Based on recent listing data, rent for a 3-bedroom at 540 EAST 5 STREET, Manhattan, NY, 10009 ranges from $4,500 to $5,595 per month, with a median of $5,047.

What is the rent for a 4-bedroom at 540 EAST 5 STREET, Manhattan, NY, 10009?

Based on recent listing data, rent for a 4-bedroom at 540 EAST 5 STREET, Manhattan, NY, 10009 ranges from $5,495 to $7,495 per month, with a median of $6,495.

How does rent at 540 EAST 5 STREET, Manhattan, NY, 10009 compare to the neighborhood?

Compared to other buildings in the 10009 zip code: 3-bedroom rents are about 36% below the neighborhood median; 4-bedroom rents are about 28% below the neighborhood median.

Is 540 EAST 5 STREET, Manhattan, NY, 10009 rent stabilized?

Yes, 540 EAST 5 STREET, Manhattan, NY, 10009 is rent stabilized with 2 stabilized units. Rent-stabilized tenants have protections limiting annual rent increases and providing lease renewal rights.

When is the cheapest time to rent at 540 EAST 5 STREET, Manhattan, NY, 10009?

Based on historical listing data, January tends to be the most affordable month to sign a lease at 540 EAST 5 STREET, Manhattan, NY, 10009, while May is typically the most expensive. Timing your move to January could save approximately 9% compared to peak pricing.

Who is the landlord of 540 EAST 5 STREET, Manhattan, NY, 10009?

The registered owner of 540 EAST 5 STREET, Manhattan, NY, 10009 is 540 EAST 5TH STREETEQUITIES, INC.. You can view their full portfolio of buildings on Lucid Rents.

Is the landlord of 540 EAST 5 STREET, Manhattan, NY, 10009 a good landlord?

540 EAST 5 STREET, Manhattan, NY, 10009, owned by 540 EAST 5TH STREETEQUITIES, INC., has an overall grade of B (3.8/5) on Lucid Rents. The building has 42 recorded violations. Tenants have left 17 reviews. Check tenant reviews for firsthand experiences.

What is the building rating for 540 EAST 5 STREET, Manhattan, NY, 10009?

540 EAST 5 STREET, Manhattan, NY, 10009 has an overall grade of B with a score of 3.8 out of 5 on Lucid Rents. This score is based on violations, complaints, and tenant reviews.

Are there violations or complaints at 540 EAST 5 STREET, Manhattan, NY, 10009?

Yes, 540 EAST 5 STREET, Manhattan, NY, 10009 has 42 housing violations and 70 complaints on record. Visit the building page on Lucid Rents to see the full history, including violation classes and complaint types.

Is 540 EAST 5 STREET, Manhattan, NY, 10009 safe? What is the crime rate nearby?

The 10009 zip code where 540 EAST 5 STREET, Manhattan, NY, 10009 is located has 1,295 crime incidents on record. Check the neighborhood report card for 10009 for a full breakdown by crime type.

When was 540 EAST 5 STREET, Manhattan, NY, 10009 built and how many units does it have?

540 EAST 5 STREET, Manhattan, NY, 10009 was built in 1929, has 6 floors, contains 24 total units, 22 of which are residential.

What do tenants say about living at 540 EAST 5 STREET, Manhattan, NY, 10009?

540 EAST 5 STREET, Manhattan, NY, 10009 has 3 tenant reviews with an average rating of 2.7 out of 5. 0 out of 3 reviewers would recommend this building.

540 EAST 5 STREET — Rent Intelligence for East Village, NYC

East Village · Manhattan, NY, 10009

Built 19296 floors24 unitsBBL 1004000026

Current rent range

$4,500 – $7,495 / mo

2 bedroom bands tracked · sampled from recent listings · rent stabilized

Leave a review

★★★★★3.017 reviews

Verified reviews5EOwned by540 EAST 5TH STREETEQUITIES, INC.0 bldgs

540 EAST 5 STREET

Manhattan, NY, 10009

540 EAST 5 STREET is a mid-century 1929 building, 6 floors, 24 units in East Village, NYC. Owned by 540 EAST 5TH STREETEQUITIES, INC.. Public records show 55 open violations, 70 311 complaints, 4 active litigation matters on file. Rent stabilization on file covers 2 units (registered 2024). Lucid Rents has 17 verified tenant reviews on this building.

HPD violations42last 7 years · class A, B, C

Evictions filed0last 7 years

Tenant reviews173.0 ★ avg

Rent-stab units24DHCR records

Building age97 ybuilt 1929

311 complaints70last 7 years

01 / 10

Rental intelligence.

Neighborhood Median Rent

Manhattan · February 2026

3 BR

$5,047/mo

35 listings

4 BR

$6,495/mo

8 listings

This building is rent stabilized — actual rents typically trade below neighborhood medians.

Seasonal Pattern

Best & worst months to sign a lease

Cheapest

January

Most expensive

May

JFMAMJJASOND

Potential savings: ~9% by timing your move to January.

Rent vs. area median Manhattan

Studio

This building: — – —

—Area: $3,495

1 BR

This building: — – —

—Area: $4,200

2 BR

This building: — – —

—Area: $5,000

3 BR

This building: $4,500 – $5,595

36% belowArea: $7,895

4 BR

This building: $5,495 – $7,495

28% belowArea: $8,995

Units Historic Rent 0 listings

—No dataNo recent listings

Neighborhood Rent Range Manhattan

3 Bed35 listings

$7,895

$7,895

4 Bed8 listings

$6,495

$8,849 – $8,995

Range (P25 – P75)MedianBased on recent listings in Manhattan

01 / 09

Rental intelligence.

01b / 09

Rent trends.

East Village

Quarterly market rent, 2014–2026 (latest = Q1 2026 forecast)

Asking rent

$5,163

current quarter

Effective rent

—

per bedroom only

YoY change

4.3%

asking, vs 1 yr ago

10-year change

33%

asking, since ~'16

Asking rent per bedroom type — switch tabs to see each with effective (concession-net) rent.

01b / 09

Rent trends.

02 / 10

Neighborhood risks.

within 0.75 mi

0 nearby

within 0.75 mi

Public-safety

shelters, methadone, halfway, sex offenders

24/7 Noise

sirens, construction, schools, rail, avenue traffic

Environmental

brownfields, industrial zones, sanitation

Block-level

311 noise, rats, bedbug history

Sources: NYC DHS · DOB · 311 · DSNY · FDNY · NYS DCJS · NYS DECSee full report

02 / 10

Neighborhood risks.

02 / 10

Violations, 311, & more.

hpd · dob · 311 · acris
last 7 years

Violation & Complaint Trends

Monthly counts over the last 7 years · all data sources

Improving

HPDTop Violations

42 total

All HPD violations
42

311Top Complaints

70 total

All 311 complaints
70

DOBTop Filings

13 total

DOB Violations
13

EvictionsEvictions

0 filed

Evictions filed
0

Recent records

Last 7 years

—NO RECORDS—
No HPD records on file in the last 7 years.

See all 42 HPD records

02 / 09

Violations, 311, & more.

03 / 10

What tenants actually say.

3.0 /5

★ ★ ★ ★ ★

17 reviews

5★

4★

24%

3★

53%

2★

24%

1★

Pros: Decent building in good location. Cons: Bed bugs were reported on the 2nd and 4th floors in January 2026. Because management didn't notify neighbors as required under NYC law, the bed bugs have now spread to the 3…

negativeFeb 2026

Anonymous

Pros: super cheap good location Cons: old building with young tenants

mixedJan 2026

Anonymous

Pros: Cheap and relatively clean Cons: Problems with hot water every once in a while

mixedMay 2025

Anonymous

View all 17 reviews

03 / 09

What tenants actually say.

05 / 10

The landlord.

540 EAST 5TH STREETEQUITIES, INC.

Portfolio of 0 buildings

Portfolio-level grade reflects the landlord's buildings across NYC, weighted by unit count. Individual building grades may differ.

View full landlord profile

buildings

—

avg score / 5

—

portfolio grade

nearby owned

Ownership timeline · this building

ACRIS deeds and regulatory filings

1929Building constructed24 units · 6 floors
now540 EAST 5TH STREETEQUITIES, INC.Owner of record per HPD registration.

05 / 09

The landlord.

07 / 10

About this area.

East Village · 10009

540 EAST 5 STREET · Manhattan · 40.724° N, -73.983° W

Walk

Transit

Bike

Estimated from nearby transit & amenity data

The neighborhood

East Village

Alphabet City — Avenues A through D — is the East Village's grittier, more residential sibling. Community gardens dot the blocks, Tompkins Square Park anchors the social scene, and the Dominican and Puerto Rican roots run deep alongside newer craft cocktail spots.

—buildings tracked—avg LucidIQ—median 1BR

Community GardensDiverseGrittyNightlifeArtsy

Explore East Village

Neighborhood overview

East Village→

Vibe · top buildings · landlords · schools · transit

Crime in 10009

See full breakdown→

Incident type · 6-month trend · vs. New York City average

Rent trends in East Village

Median rent & comparables→

1BR & 2BR averages · month-over-month · current listings

Nearby neighborhoods to explore

Gramercy Park· 0.67 mi Lower East Side· 0.69 mi Midtown East· 0.72 mi Tribeca· 0.74 mi SoHo· 0.85 mi

Browse all NYC neighborhoods

06 / 10

Crime & safety.

07 / 10

About this area.

08 / 10

History of the building.

construction · ownership · permits

At a glance

Year built1929

Floors6

Total units24

Rent-stab units24

ClassC7

BBL1004000026

192019301940195019601970198019902000201020202030

1929

Building constructed

24 units · 6 floors · class C7

2024

Rent stabilization on file

2 stabilized units registered.

now

Current owner: 540 EAST 5TH STREETEQUITIES, INC.

Registered owner on file.

07 / 09

History of the building.

10 / 10

Frequently asked questions.

What is the rent for a 3-bedroom at 540 EAST 5 STREET, Manhattan, NY, 10009?
Based on recent listing data, rent for a 3-bedroom at 540 EAST 5 STREET, Manhattan, NY, 10009 ranges from $4,500 to $5,595 per month, with a median of $5,047.
What is the rent for a 4-bedroom at 540 EAST 5 STREET, Manhattan, NY, 10009?
Based on recent listing data, rent for a 4-bedroom at 540 EAST 5 STREET, Manhattan, NY, 10009 ranges from $5,495 to $7,495 per month, with a median of $6,495.
How does rent at 540 EAST 5 STREET, Manhattan, NY, 10009 compare to the neighborhood?
Compared to other buildings in the 10009 zip code: 3-bedroom rents are about 36% below the neighborhood median; 4-bedroom rents are about 28% below the neighborhood median.
Is 540 EAST 5 STREET, Manhattan, NY, 10009 rent stabilized?
Yes, 540 EAST 5 STREET, Manhattan, NY, 10009 is rent stabilized with 2 stabilized units. Rent-stabilized tenants have protections limiting annual rent increases and providing lease renewal rights.
When is the cheapest time to rent at 540 EAST 5 STREET, Manhattan, NY, 10009?
Based on historical listing data, January tends to be the most affordable month to sign a lease at 540 EAST 5 STREET, Manhattan, NY, 10009, while May is typically the most expensive. Timing your move to January could save approximately 9% compared to peak pricing.
Who is the landlord of 540 EAST 5 STREET, Manhattan, NY, 10009?
The registered owner of 540 EAST 5 STREET, Manhattan, NY, 10009 is 540 EAST 5TH STREETEQUITIES, INC.. You can view their full portfolio of buildings on Lucid Rents.
Is the landlord of 540 EAST 5 STREET, Manhattan, NY, 10009 a good landlord?
540 EAST 5 STREET, Manhattan, NY, 10009, owned by 540 EAST 5TH STREETEQUITIES, INC., has an overall grade of B (3.8/5) on Lucid Rents. The building has 42 recorded violations. Tenants have left 17 reviews. Check tenant reviews for firsthand experiences.
What is the building rating for 540 EAST 5 STREET, Manhattan, NY, 10009?
540 EAST 5 STREET, Manhattan, NY, 10009 has an overall grade of B with a score of 3.8 out of 5 on Lucid Rents. This score is based on violations, complaints, and tenant reviews.
Are there violations or complaints at 540 EAST 5 STREET, Manhattan, NY, 10009?
Yes, 540 EAST 5 STREET, Manhattan, NY, 10009 has 42 housing violations and 70 complaints on record. Visit the building page on Lucid Rents to see the full history, including violation classes and complaint types.
Is 540 EAST 5 STREET, Manhattan, NY, 10009 safe? What is the crime rate nearby?
The 10009 zip code where 540 EAST 5 STREET, Manhattan, NY, 10009 is located has 1,295 crime incidents on record. Check the neighborhood report card for 10009 for a full breakdown by crime type.
When was 540 EAST 5 STREET, Manhattan, NY, 10009 built and how many units does it have?
540 EAST 5 STREET, Manhattan, NY, 10009 was built in 1929, has 6 floors, contains 24 total units, 22 of which are residential.
What do tenants say about living at 540 EAST 5 STREET, Manhattan, NY, 10009?
540 EAST 5 STREET, Manhattan, NY, 10009 has 3 tenant reviews with an average rating of 2.7 out of 5. 0 out of 3 reviewers would recommend this building.

09 / 09

Frequently asked questions.

10 / 10

NYC-specific insights.

Rent stabilization and seismic safety

Rent stabilizationProtected

DHCR registration & tenant protections

Yes

rent stabilized

stabilized units

2024

since

Stabilized units have annual rent-increase caps set by the Rent Guidelines Board and lease-renewal rights.

Embed this building’s record

Drop this scorecard into a tenant guide, blog post, or wiki. It updates itself as new violations are filed.

<iframe src="https://lucidrents.com/embed/building/06db1934-4b19-4881-b2fb-8bdba565ea86" width="100%" height="220" style="border:1px solid #e2e8f0;border-radius:12px" title="540 EAST 5 STREET, Manhattan, NY, 10009 — LucidRents building record" loading="lazy"></iframe>

Building record last updated September 24, 2026. Sourced from HPD, DOB, 311, and Lucid Rents data syncs.