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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
  • 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

Amenities

  • Fireplace

Public Transportation

Commuter RailDriveWalkDistance
New York Penn Station (NJT) (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit), North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit), Northeast Corridor Line - NJ Transit Commuter Rail (NJ Transit)) 4 min - 1.4 mi
New York Penn Station (LIRR) (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 4 min - 1.5 mi
Transit/SubwayDriveWalkDistance
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
AirportDriveWalkDistance
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
Christoffer Brodhead 212-544-9500 Ariel Property Advisors
Christoffer Brodhead 212-544-9500 Ariel Property Advisors