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Listing by Douglas Elliman, Limited Liability Broker, 575 Madison Avenue, New York, NY 10022 | Brokerage Listing ID: 23628982
Listing updated in the last 2 days
$895,000
For Sale
- ft²
3 rooms
2 beds
1 bath
Condo
- Midtown
Resale
Common charges
$601/mo
Estimated payment
$5,936/mo
Legal disclaimerAll calculations are estimates provided by StreetEasy for informational purposes only. Actual amounts or financing terms may vary. Please contact your mortgage provider for specifics.
Taxes
$750/mo
Tax abatement
No info
About
Seller’s agent
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.
Policies
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Home features
View
City
Building amenities
Services and facilities
Concierge
Doorman
Full-time
Elevator
Laundry in building
Parking
Wellness and recreation
Gym
Shared outdoor space
Roof deck
About the building
150 West 51st Street
150 West 51st Street, New York, NY 10020
445 units
20 stories
1927 built
For sale
12 available units for saleFor rent
16 available units for rentDocuments and permits
View documents and permitsProperty history
- Price Change: No changes
- Days on market: 38 daysThis is the number of days the listing has been on StreetEasy.
| Date | Price | Event |
|---|---|---|
10/27/2025 | $895,000 | Listed by Douglas Elliman |
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Explore Midtown
Transit
| Location | Distance |
|---|---|
| under 500 feet |
| under 500 feet |
| 0.12 miles |
| 0.14 miles |
| 0.17 miles |
at 50th St
at 49th St
at 7th Av
at 47–50th Sts Rockefeller Center
About Midtown
Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.
SalesMedian asking price
2 beds
$3M
RentalsMedian asking base rent
2 beds
$7,750
If you're looking for a neighborhood with tree-lined streets and quaint coffee shops, Midtown isn't it. The neighborhood is more of a center for business than a residential community, but it puts everything close at hand for those who dwell here. Skyscrapers rise above congested streets, tourists flock to Broadway shows and Times Square, and thousands of commuters pass through Grand Central Terminal, Pennsylvania Station, and the Port Authority Bus Terminal every day.
The real estate options in Midtown can be diverse; surprisingly affordable apartments can be found alongside some of the city's most expensive properties. The headquarters of many global corporations line Sixth Avenue, while Fifth Avenue is an upscale retail destination with stores from some of the world's best-known brands.
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