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Rent/Lease Apartment 433 E 51st St

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 433 E 51st St. This trend is projected to continue. Opportunities for subleases remain available at 433 E 51st St and in the nearby Turtle Bay neighborhood.

Why Optimal Spaces Tenant Broker

  • Lease negotiation: full terms, renewals, expansion options
  • Cost analysis, inventory identification, negotiating scope
  • Risk mitigation against hidden pitfalls

Cost Savings

  • Negotiate 30+ leasing points to prevent hidden costs
  • Save 10–15% on total leasing costs
  • Save 100–200 hours filtering unviable spaces
  • Property access via broker databases and networks (off-market, subleases, future availability)

Alone or With Other Brokers

  • Managing agents owe fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
  • Inherent conflict of interest as most brokers represent landlords
  • Risk of weaker terms and overlooked hidden costs
  • Heavy workload falls on you while best spaces are missed

433 E 51st St Property Overview

Building Address: 433 E 51st St, New York NY 10022
Zip Code:10022
Neighborhood:Turtle Bay
Borough:Manhattan
Stories:0
Year Built:1930
Building Class:B

Southgate, 433 East 51st Street, is located in the Beekman/Sutton Place neighborhood of Manhattan, NYC.

The building was originally constructed in 1930 and is part of a larger complex known as Southgate, which also includes four buildings located in a cul-de-sac on East 52nd Street. The Southgate complex was architecturally designed by renowned architect Emery Roth and developed by the Bing and Bing brothers, contributing to Beekman's transformation into a thriving residential area.

This 13-floor building features a total of 81 units, all of which are residential. The building type is a cooperative with a full-time doorman providing services to residents.

The amenities include a landscaped garden with a children's play area, laundry room, storage, and a bicycle room. Residents enjoy the convenience of having utilities like electricity included in their maintenance fees. The building also allows pieds-à-terre and pets.

The location offers easy access to Midtown's amenities while maintaining the tranquility of nearby parks and the East River.

The building's assessed value is approximately $7,911,000, with the land valued at $1,935,000.

Southgate at 433 East 51st Street, Manhattan, NYC

Located in Manhattan’s Beekman neighborhood, 433 East 51st Street is part of the Southgate complex, a distinguished pre-war co-op designed by Emery Roth and developed by Bing & Bing. This building was completed in 1931 and is the only Southgate building situated on 51st Street, adjoining the other buildings on East 52nd Street via an interior courtyard.

Building Features

  • Pre-war co-op with 63 residences
  • 12 stories tall
  • Full-time doorman and resident manager
  • Landscaped private garden with children’s play area
  • Laundry room and bicycle storage
  • Central air conditioning and elevators
  • Maintenance includes electricity
  • Pets and pied-à-terre ownership allowed
  • Guarantors accepted

Location Advantages

The Southgate complex offers a unique blend of Midtown Manhattan convenience with the privacy and tranquility of nearby parks, dog runs, and stunning views of the East River. Its location provides immediate access to all amenities of Midtown while maintaining a serene residential environment.

Residence Highlights

Units in 433 East 51st Street feature classic prewar details combined with modern conveniences. Some residences include features such as wood-burning fireplaces with marble mantels, beamed ceilings, large terraces with river views, gourmet kitchens equipped with top-tier appliances, spacious living areas, custom closets, and sound wiring. The building is known for its gracious layouts and quality craftsmanship, reflecting its historic and architectural significance.


Building Amenities at 433 E 51st St
• Bike Room
• Concierge
• Full-Time Doorman
• Elevator
• Laundry in Building
• Live-in Super
• Package Service
• Private Garden
• Private Storage
• Cable Included
• Electricity Included
• Heat Included

Southgate at 433 East 51st Street in Manhattan, NYC, is a residential co-op building with 81 units across 13 stories. It was built in 1930 and is located in the Beekman area, offering a peaceful environment while being close to Midtown offices and amenities.

The building does not seem to have specific office tenants, as it is primarily residential. However, it provides convenient access to office spaces in nearby Midtown.

Amenities in the building include a full-time doorman, elevator, bike room, laundry facilities, and a live-in super. Some units feature dishwashers, washer/dryer in-unit, and hardwood floors.


Internet Providers Available at 433 E 51st St, Manhattan, NYC

Residents at 433 E 51st St in Manhattan have access to several top-tier internet providers offering a range of cable, fiber, and wireless options to suit various needs and preferences.

Verizon Fios

Verizon Fios is highly recommended for its fast, symmetrical fiber-optic internet service with speeds starting at 300 Mbps and reaching up to 2 Gbps. Plans begin around $49.99 per month. Verizon Fios also offers bundles including phone, mobile, and TV services.

Astound Broadband Powered by RCN

Astound Broadband (formerly RCN) offers both cable and fiber internet with a reputation for competitive pricing and unlimited data usage. Their fiber network has expanded significantly throughout Manhattan, providing reliable high-speed internet for residents.

Spectrum

Spectrum is a widely available cable internet provider in the area, offering speeds up to 1 Gbps with plans starting near $30 monthly. Spectrum also provides bundled services including TV and phone options, with perks such as Disney+ and ESPN+ included in some packages.

Other Options

Additional alternatives include Optimum, HughesNet, Viasat, and fixed wireless providers such as T-Mobile 5G Home Internet and Verizon 5G Home Internet, which serve the wider New York City area and offer varying speed and pricing packages.


433 E 51st St, located in the Beekman neighborhood of Manhattan, NYC, offers convenient access to various transportation options and amenities.

  • Subway: - E, M trains at 51st St (0.43 miles) - N, R, 4, 5, 6, W trains at Lexington Ave-59 St (0.55 miles) - 4, 5, 6, 7 trains at Grand Central (0.59 miles) - 4, 5, 6, 7 trains at 42 St - Grand Central (0.6 miles)
  • Neighboring Amenities: - Colleges: Cornell NYC Tech, Laboratory Institute of Merchandising, Sotheby's Institute of Art, Rockefeller University, Berkeley College - Parks: Peter Detmold Park, Five Parks (FDR Drive), Dag Hammarskjold Plaza, Sutton Place Park, 14 Honey Locusts Park - Museums: Mount Vernon Hotel Museum & Garden, Municipal Art Society, Sony Wonder Technology Lab, Dahesh Museum, Museum of American Illustration
  • Cross Streets: Second Avenue and First Avenue
Nearby Office Tenants Leased
  • The Ad Council leased 24,368 SF at 815 Second Ave
  • Banco Bradesco leased 21,822 SF at 450 Park Avenue
  • Glendower Capital leased 21,028 SF at 410 Park Ave
  • Avantus Renal Therapy U… leased 19,906 SF at 315 East 62nd St
  • Jay Suites leased 18,989 SF at 369 Lexington Ave
  • Levin Capital Strategies leased 18,967 SF at 595 Madison Ave
  • SAC Capital leased 16,786 SF at 540 Madison Ave
  • Donnelley Financial Soluti… leased 16,750 SF at 140 East 45th St
  • Northwell Health leased 16,720 SF at 130 East 59th Street
  • NADAP leased 16,000 SF at 355 Lexington Avenue
Nearby Retail Tenants Leased
  • Taco Dumbo, Omakasa leased 2,407 SF at 237 Park Avenue
  • Camper leased 2,380 SF at 635 Madison Ave
  • Balade Your Way leased 2,373 SF at 641 Lexington Avenue
  • ViVa Events and Catering leased 2,000 SF at 222 East 58th Street
  • Oscar de la Renta leased 2,000 SF at 772 Madison Ave
  • Ribot leased 2,000 SF at 780 Third Ave
  • Columbia Organic Holdings leased 1,900 SF at 19 West 44th St
  • Mephisto leased 1,854 SF at 488 Madison Avenue
  • Litter & Leashes leased 1,852 SF at 1100 Second Ave
  • Hale and Hearty leased 1,800 SF at 369 Lexington Ave

Panelz USA Testimonial

Panelz USA testimonial To whom it may concern, I want to thank Dorothy Kolev and Optimal Spaces Inc. for the excellent job they did in finding us our space. Dorothy made many presentations to us but never lost interest or gave up, she was fast and efficient in locating spaces that met our needs and corporate image, aggressive in negotiating on our behalf, and effective in communicating our needs to the landlord and getting our offer accepted. We are very satisfied with the services of Optimal Spaces Inc. I have recommended her and Optimal Spaces Inc. to friends and colleagues. Sincerely, David Yagerman Panelz USA SHOWROOM 20 West 22nd St, Suite 908 New York, NY 10010