150 W 51ST Street #151
MLS® #RLS20056841
Listing by Douglas Elliman Real Estate
2
Bedrooms
1
Bath
N/A
Sq. Ft.
1926
Year Built
Quick Summary
Property Highlights
- Views: City
- Climate Control: Central Air
- Parking: Private garage
Property Details
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 2027 to fund the reserve and various building projects.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Building Information
Financial Details
About Midtown
View All Midtown ListingsMidtown Manhattan is the city's primary commercial and transit hub, home to Grand Central Terminal, Rockefeller Center, Bryant Park, and the Empire State Building. The residential market features luxury condo towers, classic pre-war cooperatives, and postwar doorman buildings served by nearly every subway line in the system. Properties range from high-floor units with skyline panoramas to well-maintained co-ops along the tree-lined side streets east and west of Fifth Avenue.
Midtown Live Market Data
View NeighborhoodActive Listings
180
Median Asking Price
$2.19M
Median $/Sqft
$1,717
Avg Days on Market
N/A
New This Week
12
Price Reduced
31%
Sold (30 Days)
14
Median Sale Price
$2.07M
Live data from RLS at REBNY • Updated 3/20/26, 1:34 AM EST
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Location
150 W 51ST Street #151, Midtown, New York County
Floor Plans
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
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Listing Courtesy of Douglas Elliman Real Estate - Alexander Boriskin
Listing Contact: (347) 260-0664
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
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RLS Data display by Keller Williams NYC. Data last updated on 3/20/2026 at 5:34 AM UTC