150 West 51st Street, Unit 151

The Executive Plaza
Theater District

$895,000
Price
2
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

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...  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.    
  1. Listed by Alexander Boriskin • Douglas Elliman Real Estate
    P: (347)-260-0664 C: (347)-260-0664 alexander.boriskin@elliman.com
  2. Listed by Davina Arroyave • Douglas Elliman Real Estate
    P: (305)-798-1653 C: (305)-798-1653 darroyave@elliman.com
  3. Listed by Michael S Lorber • Douglas Elliman Real Estate
    P: (212)-891-7000 C: (212)-891-7000 mlorber@elliman.com

Property Details for 150 West 51st Street, Unit 151

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City
LISTING UPDATED: 01/15/2026 05:03 PM

Property Details for 150 West 51st Street, Unit 151

StatusActive
MLS IDRLS20056841
Days on Market85
Taxes$750 / month
Common Charges$601 / month
Min. Down Pymt10%
Total Rooms3.0
Compass TypeCondo
MLS TypeCondo
Year Built1927
CountyNew York County

Building

The Executive Plaza

445 Units20 StoriesBuilt in 1927

Location

Listing Courtesy of Douglas Elliman Real Estate
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Building Information for 150 West 51st Street, Unit 151

Building/ComplexThe Executive PlazaFloor15Stories20Residences445Pet PolicyOnly Cats AllowedPet Policy Details2Year Built1927Building AgePre-war

Payment Calculator

$6,258 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,907

Property Taxes

$750

Maintenance/Common Charges

$601

The Payment Calculator is for illustrative purposes only.

Property Information for 150 West 51st Street, Unit 151

Summary
Location and General Information
  • Subdivision Name: Midtown
  • Stories Total: 21
  • Garage Spaces: 0.0
  • View: Yes
  • Zoning Description: C6-7
Taxes and HOA
  • Tax Lot: 0000
  • Tax Deduction Percent: .00%
  • Tax Block: 01003
  • Association Fee Frequency: Monthly
  • Flip Tax: $0
  • Building Tax Lot: 7501
  • Tax Monthly Amount: 750.0
  • Tax Abatement YN: false
Parking
  • Garage: Yes
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 0.0
  • Living Area Units: SquareFeet
  • Building Name: Executive Plaza
Building Information
  • Building Features: Elevators
  • Landmark Status YN: false
  • Building Laundry Features: None
  • Building Pets Allowed: BuildingYes
  • Capital Reserves YN: false
  • Green Building YN: false
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: Condominium
  • Number Of Shares: 0
  • New Construction: No
  • Structure Type: HighRise
  • Property Condition: Excellent
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Exterior Features: None
  • Patio And Porch Features: None
Interior Features
  • Cooling: CentralAir
  • Entry Level: 15
  • Fireplace: No
  • Floor Number: 15
  • Basement: No
  • Cooling: Yes
  • ElevatorsTotal: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 443
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Attendance Type: DoormanFullTime, ConciergeFullTime
  • Land Lease: No

Property History for 150 West 51st Street, Unit 151

DateEvent & SourcePriceAppreciationLink
Oct 27, 2025

Listed (Active)

RLS RESO #RLS20056841

$895,000—
Apr 9, 2012

Sold (Public Record)

ACRIS #2012041200531001

$650,000

+2.9% / yr

Sep 1, 2005

Sold (Public Record)

ACRIS #2005091401174004

$539,000—
DateEvent & SourcePrice
10/27/2025

Listed (Active)

RLS RESO #RLS20056841

$895,000
04/09/2012

Sold (Public Record)

ACRIS #2012041200531001

$650,000

+2.9% / yr

09/01/2005

Sold (Public Record)

ACRIS #2005091401174004

$539,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 150 West 51st Street, Unit 151

Taxable ValueLand$20,351Additions$56,094Total$76,445
Tax Record2025$8,956 ($746 / month) Tax Class2Tax Rate12.5%
Home Facts
Total Finished SqFt523 SqFtLot Size30,124 SqFtYear Built0ZoningC6-7APN1010031236

Schools near 150 West 51st Street, Unit 151

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
P.S. 111 Adolph S Ochs
Public - PK to 5
Middle 297
Public - 6 to 8
Lower Manhattan Community Middle School
Public - 6 to 8
Nyc Lab Ms For Collaborative Studies
Public - 6 to 8
Rating
School
Distance
P.S. 111 Adolph S Ochs
PublicPK to 5

Middle 297
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Nyc Lab Ms For Collaborative Studies
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 150 West 51st Street, Unit 151, Theater District

150 West 51st Street, Unit 151 is a condo for sale in Theater District. This property was listed for sale on October 27, 2025 by Douglas Elliman Real Estate, it's currently listed at $895,000. It has been on the market for a total of 85 days and was last sold on April 9, 2012. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 111 Adolph S Ochs, Middle 297 and Lower Manhattan Community Middle School. 150 West 51st Street, Unit 151 is a 2-bed, 1-bath, condo built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman Real Estate

This 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. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2026, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY 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 information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2026 The Real Estate Board of New York, Inc., All rights reserved.