Updated 5 months ago
Off Market
3 Rooms2 Beds1 BathCondo
$895,000
Common Charges$601
RE Taxes$750
Listing Features
- Galley
- Open Kitchen
- S Steel Appliances
- Soaking Tub
Outdoor space and views
- City Views
Building Amenities
- Full Service
- Elevator
- Fitness Facility
- Hotel Service
- Housekeeping
- Laundry Room
- Renovated Lobby
- Roof Deck
- Storage
- Valet Service
Property Description for 150 West 51st Street, 151
Exceptional 5.56% Cap Rate Opportunity - Short-Term Rentals Permitted!
A rare find in the heart of Midtown Manhattan, this apartment offers both end users and investors a strong 5.56% cap rate with the flexibility of short-term leasing, as the building uniquely allows minimum one-month rental terms. This exceptional structure opens the door to premium pricing potential in one of the most in-demand short-term rental markets in the country.
The spacious two-bedroom, one-bathroom residence features a galley kitchen with stainless steel appliances, granite countertops, and rich wood cabinetry, complemented by wide plank flooring throughout and generous closet space.
Building amenities include a recently renovated lobby with 24-hour concierge, fitness center, laundry room, valet dry cleaning, and a rooftop deck with sweeping city views.
Perfectly positioned between Times Square and Central Park/Columbus Circle, the building offers unbeatable access to Rockefeller Center, world-class dining, entertainment, and major subway lines (1, N, Q, R, F, B, D, E) with convenient bus service nearby - making it the ideal Midtown address for both residence and investment. Some of the images have been virtually staged.
There is currently an assessment of $396.16 in place until May 2027 to fund the reserve and various building projects.
Listing History for 150 West 51st Street, 151
Now
04/01/2026
Expired by Alexander Boriskin
Douglas Elliman
2026
Building Details for 150 West 51st Street
OwnershipCondo
Building TypeMid-Rise
Service LevelFull Service
AgePre-War
AccessElevator
Year Built1926
Financing Allowed90%
Floors/Apts20/442
Transit and Citi Bike
Subway
50 St
0.07 miles
7 Av
0.12 miles
49 St
0.12 miles
47-50 Sts-Rockefeller Ctr
0.19 miles
50 St
0.2 miles
Citi Bike
W 51 St & 7 Ave
0.03 miles
W 51 St & 6 Ave
0.12 miles
Midtown West | Manhattan
Quick Profile
People, yellow cabs, bright lights, big crowds, 24-hour eateries and just about every type of store imaginable. it’s a frenetic buzz that only a few places on the globe can offer. And that’s just one part of it. Midtown West is the birthplace of hustle and bustle and it’s bordered by 42nd to the south, 59th Street to the north, 8th Avenue to the west, and 5th Avenue to the east.
Midtown West is not as residential as other neighborhoods in Manhattan. The bustling part of Midtown West is 42nd Street between Times Square and 8th Avenues where the retail and office space, theatres, and attractions are. No matter what time of day it is, you'll always find activity there.
Residential buildings lay near the western end of Midtown West beginning around 8th Avenue.
Location, location, location. Of all the neighborhoods and enclaves of Manhattan, Midtown West is perhaps the most commutable place to live, visit, or work. It contains one of the highest concentrations of subway lines in the Big Apple. A, C, E, N, Q, R, 1, 2, 3, and the 7 train. The transit system feeds the streets with commuters from everywhere. The Port Authority Bus Terminal and nearby Penn Station adds to the number of people that flood Midtown on any given day.
It’s one of the easiest places in all of Manhattan to navigate because it’s a true grid. Uptown, street numbers go up. Downtown, street numbers go down. It’s the same concept from east to west. You really can’t get lost in Midtown West.
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: 2153485
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