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321-323 W 51st St
New York, NY 10019 Hell's Kitchen

$9,000,000 USD

Apartments For Sale  •  10,016 SF

Property Details

• Property Type Apartments
• Total Building Size 10,016 SF
• Lot Size 0.09 AC
• Building Class C
• Year Built 1920
• Cap Rate 4.41 %
• Zoning R8, New York

100 Transit Score

100 Walk Score

Highlights

Featuring a Newly Executed 15-year Lease With Michelin-Starred Restaurant Tenant

Strong foot traffic supported by Times Square, Broadway theaters, Columbus Circle, and Central Park.

Rare first-time sale in over fifty years reflecting long-term ownership stability.

Five free-market residential units offering strong rent durability and occupancy trends.

Additional upside through unused air rights supporting future expansion strategies.

Property Flyers

321_323_West_51st_Street_Setup

Cap Rate:

4.41 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Ippudo Westside

Amenities

• Fireplace

Public Transportation

Commuter Rail	Drive	Walk	Distance
	3 min	19 min	1.0 mi
Grand Central Terminal (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North))	4 min	-	1.6 mi
Transit/Subway	Drive	Walk	Distance
50 Street (A,C,E Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), E - New York MTA Subway (The Subway))	1 min	2 min	0.1 mi
50 Street (1,2 Line) (1 - New York MTA Subway (The Subway), 2 - New York MTA Subway (The Subway))	1 min	5 min	0.2 mi
7 Avenue (B,D,E Line) (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway), E - New York MTA Subway (The Subway))	2 min	6 min	0.3 mi
49 Street (N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	2 min	6 min	0.3 mi
59 Street-Columbus Circle (1 - New York MTA Subway (The Subway), 2 - New York MTA Subway (The Subway), A - New York MTA Subway (The Subway), B - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway))	2 min	9 min	0.5 mi
Airport	Drive	Walk	Distance
LaGuardia	19 min	-	7.7 mi
Newark Liberty International	21 min	-	14.2 mi
John F Kennedy International	31 min	-	18.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes