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Listing Courtesy of Douglas Elliman Real Estate
$ 895,000
Est. payment /mo
New
150 W 51ST Street #151 Manhattan, NY 10019
2 Beds
1 Bath
UPDATED:
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Subdivision Midtown
MLS Listing ID RLS20056841
Bedrooms 2
Full Baths 1
HOA Fees $601/mo
HOA Y/N Yes
Year Built 1926
Property Sub-Type Condo
Property Description
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 2026 to fund the reserve and various building projects.
Location
Rooms
Basement Other
Interior
Cooling Central Air
Fireplace No
Laundry Building None
Exterior
Exterior Feature None
View Y/N Yes
View City
Porch None
Private Pool No
Building
Dwelling Type High Rise
Story 21
New Construction No
Others
Pets Allowed Pets Allowed
Ownership Condominium
Monthly Total Fees $601
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by The Jintoorkar Team