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Midtown East Condo Opportunity – 251 East 51st Street

Address: 251 East 51st Street, New York, NY, 10022
Asking Price: $550,000
Sale Type: Investment or Owner-User
Type: 3-Star High-Rise Condominium Apartment
Location: Urban – Midtown East / Central Business District (CBD)
Total Units in Building: 191
Stories: 20
Building Class: C
Gross Building Area (GBA): 206,945 SF
Typical Floor Plate: 10,347 SF
Units per Acre: 546/AC
Rent Type: Market Rate
Market Segment: All User Types (Investor or End-User)
Buildings: 1

Property Overview:

251 East 51st Street offers a value-driven opportunity to acquire a condominium unit in a full-service, 20-story high-rise located in the heart of Midtown East. Priced at just $550,000, this unit is ideal for investors seeking stable rental income or owner-users looking for a centrally located home, pied-à-terre, or professional live/work space.

Investment & Ownership Highlights:

✔ Asking Price: $550,000 – accessible price point for a full-service Midtown condo
✔ Versatile Usage: Suitable for both rental investment or end-user ownership
✔ Full-Service High-Rise: 20 stories, 191 units, attended lobby, elevator access
✔ Efficiently Managed Asset: Total GBA over 200,000 SF with well-scaled common areas
✔ Market-Rate Tenancy: Stable cash flow potential with flexible leasing strategy

Prime Midtown Location:

✔ Steps from 2nd Avenue and surrounded by dining, retail, consulates, and corporate offices
✔ Walking distance to Grand Central Terminal and the UN Headquarters
✔ Near E, M, 6 subway lines and major crosstown bus routes

Highlights:

✔ $550,000 Midtown condo in a well-managed elevator building
✔ Full-service amenities and professional management
✔ Prime location for business professionals, international buyers, or long-term rental strategy
✔ Ideal for 1031 exchanges, first-time buyers, or secondary residence seekers

Conclusion:

251 East 51st Street presents a rare opportunity to own or invest in a Midtown Manhattan condominium at an approachable price. Whether you’re seeking stable rental income or a personal Manhattan retreat, this unit offers convenience, security, and long-term value in a core neighborhood.

Contact us for floorplans, building financials, or to schedule a private tour.