150 W 51st St APT 151,New York,NY,10019

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.