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Rent/Lease Apartment 361 E 50th St

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Nearby Sublease office Spaces for Rent

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Type of Space Class A/month Class B/month Class C/month
Windowed office/person $ 2100 $ 3135 $ 775
Interior office/person $ 1350 $ 2635 $ 525
Team Rooms $ 10100 $ 9885 $ 5025
Suites $ 20100 $ 13885 $ 7025

Nearby office Spaces for Rent

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Retail Spaces for Rent at 361 E 50th St

Rent Retail 361 E 50th St

$ / SF SF Monthly Rent
Negotiable
1,700
Negotiable

Rent Medical Space at 361 E 50th St

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 361 E 50th St. This trend is projected to continue. Opportunities for subleases remain available at 361 E 50th St and in the nearby Turtle Bay neighborhood.
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361 E 50th St nyc
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361 E 50th St Property Overview

Building Address: 361 E 50th St, New York NY 10022
Building Name: The Fields
Zip Code:10022
Neighborhood:Turtle Bay
Borough:Manhattan
Stories:0
Year Built:1940
Building Class:B

361 East 50th Street, located in Manhattan's Turtle Bay neighborhood, is a classic elevator building constructed in 1940. The building features a mix of residential and commercial spaces, with a total of 44 apartments spread across its seven stories. Originally known as The Fields, this pre-war structure includes amenities such as a laundry room and a voice intercom system for enhanced security.

The building was also referred to by its secondary address, 891 First Avenue. It has undergone significant changes over the years, with the last major alteration noted in 1987. In recent years, notable features include a true penthouse duplex apartment with indoor/outdoor fireplace and extensive outdoor spaces.

361 East 50th Street is situated in a vibrant neighborhood known for its historic architecture and proximity to key New York City landmarks. The property's assessed market value has been significant, reflecting its prime location within Manhattan's Midtown East area.

Purchase and sales records show that the property changed hands for $40,200,000 in 2014, highlighting its status as a valuable real estate asset within the city. The building's history and architectural style embody the classic pre-war charm characteristic of the era.

  • Primary Address: 361 East 50th Street
  • Secondary Address: 891 1st Ave
  • Neighborhood: Turtle Bay
  • Borough: Manhattan
  • Zip Code: 10022
  • Block & Lot: 01343-0024
  • Building Class: Elevator Apartment - Semi-Fireproof with Stores (D7)
  • Year Built: 1940
  • Last Altered: 1987
  • Stories: 6–7 floors (sources vary)
  • Total Apartments: 44
  • Features: 5" gray-stained oak floors, Bosch appliances, quartz counters, Kohler fixtures, in-unit washer/dryer

  • Elevator service in a pre-war building
  • Laundry facilities available (in-building or in-unit)
  • Video intercom with virtual doorman
  • Hardwood flooring (5" wide plank oak)
  • Luxury kitchens with Bosch appliances, quartz counters, and Carrera marble backsplashes
  • Marble bathrooms with herringbone floors and Kohler fixtures
  • Abundant closet space throughout units
  • Central air conditioning (select units)
  • Private terraces with outdoor fireplaces (penthouse units)
  • In-unit washer/dryer (Bosch models)

361 East 50th Street in Manhattan offers luxury rental apartments in the Turtle Bay neighborhood. The building features an elevator and is known for its professionally designed interior spaces.

For commercial use, there are several spaces available for lease, including a 600 square foot ground floor office/retail space with heavy foot traffic. The location is conveniently close to the 4, 5, 6, 7, S, E & M subway lines.


Available Internet Providers

ProviderMax SpeedCustomer Rating
Verizon Fios2,300 Mbps4.04 (avg)
Astound Broadband1,500 Mbps3.59 (avg)
Spectrum1,000 Mbps3.61 (avg)
STARRY500 MbpsN/A
T-Mobile Home Internet100 Mbps3.88 (avg)

Availability may vary by specific building infrastructure.


Transportation & Cross Streets

Nearest Subways:
  • E/M/6 at Lexington Av–53rd St (0.27 miles)
  • E/M/6 at 51st St (0.34 miles)
Bus Routes:
  • M15 at 1st Av/Mitchell Pl (0.05 miles)
Commuter Rail:
  • LIRR at Grand Central (0.49 miles)
  • S/4/5/6/7 at Grand Central–42nd St (0.5 miles)
Airports:
  • LaGuardia (7.0 miles / 15 min drive)
  • Newark Liberty (15.6 miles / 23 min drive)
Cross Streets:

Near East 50th St between 1st and 2nd Avenues


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Why Optimal Spaces –
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  • No fee for clients renting space.
  • We work for YOU, not the landlord.
  • Save 15–20% on your business costs.
  • Save 100–200 hours of research.
  • Access to all available spaces.
  • Specialized real estate expertise.

Alone or with other broker

  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate
1. The Crucial Distinction: Whose Side Are They On?
Landlord Rep (Listing Agent) — Fiduciary Duty: Landlord. Highest rent, best terms for landlord.
Tenant Rep (Tenant Broker) — Fiduciary Duty: Tenant Only. Lowest rent, best terms for tenant. Levels the playing field.
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
Landlord pays the broker fee — free expert representation for the tenant.
Access to hidden inventory: off-market listings, subleases, and future availabilities via broker databases and networks.
Negotiating beyond base rent: free rent, TI allowance, OPEX caps, and lease flexibility for renewal or expansion.
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Tenant broker handles searching, scheduling, and RFPs — your outsourced real estate department with curated options and timeline management.
Mitigating risk: spotting pitfalls in LOI and lease such as restoration clauses and holdover penalties.
Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.
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