Celebrity Homes

A-Rod Just Bought a NYC Apartment Building. Could He Be Your Next Landlord?

By Michele Petry September 27, 2019

image of a-rod nyc apartment building

Unit #4E at 340 E. 51st St., pictured above, is now available for rent. Soon A-Rod will be the landlord. (Alex Rodriguez photo from Getty Images)

Celebrity sightings are commonplace in NYC, but how many people can say they have a celebrity landlord? Baseball superstar Alex Rodriguez — who is almost as famous these days for being engaged to J-Lo as he is for being a Yankees legend — is trying to make that a real-estate reality.

A-Rod’s investment firm, appropriately called A-Rod Corp, has just gone into contract on a 14-story Manhattan rental building in Turtle Bay. Known as The Allen House, the 115-unit doorman building at 340 E. 51^st St. was built in 1965 and has been undergoing renovations, which A-Rod and his partner investors intend to continue: According to the New York Post, units will be upgraded as they become vacant, and there are plans to add a gym. The building already has a brand-new laundry room.

Turtle Bay

928 Second Avenue

$2,997 No Fee

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1

Beekman

398 East 52nd Street

$2,813 No Fee

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1

Turtle Bay

316 East 49th Street

$2,595 No Fee

1 |

1

Turtle Bay

251 E 52nd Street

$2,995 No Fee

1 |

1

Turtle Bay

324 East 52nd Street

$3,000 No Fee

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1

Turtle Bay

324 East 52nd Street

$3,000 No Fee

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1

This isn’t A-Rod’s first foray into NYC real estate, actually: He previously invested in a smaller building in the East Village — 133 Avenue D, which has just 22 units — with Corcoran Group’s Barbara Corcoran, whom he met while appearing on the TV show “Shark Tank.”

A-Rod’s new building, the Allen House, at 340 E. 51st St. in Turtle Bay. (Google Street View)

A-Rod Corp is partnered in the latest venture with Modlin Group, a boutique real-estate agency, and Stonehenge NYC, a real-estate and property-management firm.

Sutton Place

238 East 58th Street

$3,150 No Fee

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1

Kips Bay

234 East 25th Street

$2,700 No Fee

2 |

1

Sutton Place

344 East 55th Street

$3,500 No Fee

1 |

1

Kips Bay

216 East 29th Street

$3,495 No Fee

1 |

1

Kips Bay

258 East 33rd Street

$3,450 No Fee

1 |

1

Sutton Place

356 East 57th Street

$2,995 No Fee

1 |

1

Kips Bay

208 East 25th Street

$3,495 No Fee

1 |

1

Kips Bay

204 East 25th Street

$2,995 No Fee

1 |

1

Murray Hill

301 East 38th Street

$3,295 No Fee

1 |

1

Sutton Place

238 East 58th Street

$3,050 No Fee

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1

Kips Bay

226 East 26th Street

$3,400 No Fee

2 |

1

Kips Bay

127 Lexington Avenue

$3,500 No Fee

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1

And of course, the baseball legend and his megastar fiancée, who was just announced as this year’s Super Bowl halftime performer (along with Shakira), are already experts at the high-end apartment game. The couple bought a stellar 4,000-square-foot condo together at 432 Park Avenue in 2018, only to turn around and put it back on the market a year later. They are now in contract on that place, unit 36A, for $15.75M — 10% less than the asking price of $17.5M.

J-Lo also owns another NYC apartment that’s currently on the market: the palatial penthouse in NoMad’s 21 E. 26th St. building known as The Whitman. And you’ll never guess who has the listing: Adam Modlin of The Modlin Group. Looks like Jenny From the Block is keeping it in the (future) family!

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