UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                        SCHEDULE 14A


  Proxy Statement Pursuant to Section 14(a) of the Securities
  Exchange Act of 1934 (Amendment No.        )

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[XX]	Preliminary Proxy Statement  
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[  ]	Definitive Proxy Statement 
[  ]	Definitive Additional Materials
[  ]	Soliciting Material Pursuant to 240.14a-11(c) or 240.14a-12

Commission File No. 0-2666

			250 West 57th Street Associates 
		(Name of Registrant as Specified In Its Charter)
 

		(Name of Person(s) Filing Proxy Statement, 
		if other than Registrant)


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                        250 WEST 57th STREET ASSOCIATES
                           c/o Wien & Malkin LLP
                       60 East 42nd Street - 26th Floor
                       New York, New York   10165-0015
                           Telephone: 212-687-8700
                           Telecopier: 212-986-7679




                                                        May __, 1999


To Participants in 250 West 57th Street Associates ("Associates"):


	On behalf of the Agents for the Participants, I am seeking 
your consent to a program to complete and finance improvements at 
the Fisk Building (the "Building"). 

1. 	Introduction.

	After review with the Lessee, Wien & Malkin LLP supervisory 
staff, and on-site Building personnel, I believe the proposed 
improvements are necessary to maintain the Building, its 
competitive market position, and Associates' long-term investment 
return.  The Lessee intends to proceed with the program:  Were the 
Lessee to proceed and pay the cost out of cash flow, overage rent 
and extra distributions to Participants would be substantially 
reduced and might be eliminated for several years. 

Therefore, I recommend that Associates cooperate by 
refinancing the mortgage to facilitate the improvement program and 
reduce the impact of the program upon distributions to 
Participants.



                        
	The program is more fully described in the enclosed Statement 
by the Agents in the Solicitation of Participant Consents.

2.	Background.

	Associates has owned  the Building since 1953 subject to a 
long-term net lease to Fisk Building Associates (the "Lessee"), 
which pays basic rent, from which mortgage debt service and basic 
supervisory fees are paid, and overage rent based on operating 
profit, from which monthly and extra distributions to Participants 
are paid.  Total distributions for 1998 were equal to 77% of the 
original cash investment.

	The area of Manhattan surrounding the Building continues to 
improve.  The projects to replace the Coliseum and improve 
Columbus Circle will both enhance the area of the Building and 
encourage quality tenants to seek space in an upgraded Fisk 
Building.  While these new developments represent increased 
competition, there is great potential to be captured by upgrading 
the Building and its systems and providing greater amenities.

        To protect and exploit the Building's economic prospects in 
an improved market, the Lessee has prepared a Building upgrade and 
amenity enhancement program that has been fully designed, 
engineered, and bid by third party expert consultants.

3.	Improvement Program.

	The improvements proposed to be completed after December 31, 
1998, are shown in Exhibit A to the enclosed Statement and are 
estimated to cost approximately $6,000,000 over five years.  




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        Included in the budget are: (a) $1,107,000 for replacement of 
the Building's approximately 1,300 windows, (b) $1,415,000 for 
facade restoration and roof set-back renovation, (c) $685,000 for 
upgrading the Building's HVAC system by installing a new chiller, 
(d) $300,000 for converting the Building's remaining DC electrical 
feeds to AC, (e) $530,000 for lobby improvements, (f) $380,000 for 
renovating the public bathrooms, corridors and stairwells, (g) 
$130,000 for fire, security and communication systems upgrade, and 
(h) $290,000 for modernizing elevator equipment.  The balance will 
be available for contingencies discovered in the field and 
improvement of tenant spaces.

4.	Financing.

	The $6,000,000 estimated cost of the improvements over 
approximately five years will be funded through a combination of a 
fee mortgage increase (from the current $2,800,000) and operating 
cash flow.  Associates will own the improvements paid from 
mortgage proceeds and will receive tax benefits from depreciation.  
The increased mortgage charges will be paid by Associates from an 
equivalent increase in the basic rent paid by the Lessee.  Basic 
rent and cash payments for other improvements will be deducted in 
computing overage rent, so that the improvement costs will be 
borne equally by Associates and the Lessee but spread through 
mortgage refinancings over many years, thus stabilizing 
distributions to Participants.

5.	Basic Rent.

	Currently, basic rent is $317,157 a year, to be adjusted to 
reflect any increase or decrease in debt service on the existing 
mortgage balance.  The basic rent payable by the Lessee to 
Associates will increase to cover debt service on the increased 
mortgage.
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	Assuming no enhancement in bottom line performance from 
higher rental rates, higher occupancy, and lower credit loss from 
all these improvements, an initial increase in the mortgage from 
$2,800,000 to $8,800,000 with interest at 7.5% on the additional 
$6,000,000 and with 25 year amortization, the basic annual rent 
increase will be $__________, and overage rent will decrease by 
one-half of that amount.  For an original $10,000 Participant who 
received $7,700 in distributions for 1998, this mortgage increase 
would reduce overage distributions by less than $_____ a year.  
However, this reduction may be offset by increased rental income 
paid by office and store tenants.  The maximum mortgage 
contemplated by the program will be $9,000,000 but will depend 
upon funding available from cash flow.

6.	Solicitation and Program Expenses.

	The expenses for the consent solicitation, lease amendment, 
refinancing, transfer and recording taxes, legal fees, and related 
costs will be funded from the mortgage increase and repaid by the 
Lessee's increased basic rent.  Wien & Malkin LLP will represent 
Associates and the Lessee in this program, and it and its 
affiliates will be indemnified with the Agents by Associates and 
the Lessee against any claim or expense arising in connection with 
the program.

7.	Conclusion.

	Certain Building lobby improvements by the Lessee are already 
in progress or have been previewed by tenants, brokers, and 
prospective tenants and have been welcomed enthusiastically.  
Combined with a rededicated staff and new marketing initiatives 
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(including a newsletter and website), enthusiasm amongst Building
tenants and new interest in the Building by brokers and 
prospective tenants provide early validation that the contemplated 
expenditures will preserve and enhance the Building's operating 
results in an improved market while the related financing will 
stabilize the Participants' returns.
 
	Enclosed are (a) the Statement with financial reports 
detailing the program and (b) a colored Consent Form.  Each 
Participant should review the Statement before signing and 
returning the colored Consent Form.  The consent of 75% of the 
Participants in each group is required to authorize the program. 

	By signing and returning the enclosed Consent Form, you 
authorize the Agents and any partner or senior director at Wien & 
Malkin LLP designated by me to conclude on behalf of Associates 
the necessary agreements to effect this financing and improvement 
program.

9.	Recommendation.

	I strongly urge your consent.  The Lessee has demonstrated 
that the improvements are necessary to meet the Building's 
physical and marketing requirements.  If the financing of the 
improvements is not allowed, whatever improvements the Lessee 
pursues will reduce or end distributions from overage rent 
payments for several years.

Financing of the improvements as proposed will also improve 
the tax shelter for Participants.

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	Please sign and return the enclosed Consent Form as soon as
possible.  If you have any question, please call any of my 
partners at Wien & Malkin LLP, Alvin Silverman, Stanley Katzman, 
or Thomas N. Keltner, Jr.

                                                 Very truly yours,



                                                 Peter L. Malkin



THE AGENTS RECOMMEND YOUR CONSENT.  PLEASE SIGN, DATE AND 
IMMEDIATELY RETURN THE ENCLOSED COLORED COPY OF THE CONSENT.  A 
SIGNED CONSENT FORM WHICH IS RETURNED WITHOUT AN INDICATED CHOICE 
WILL CONSTITUTE A BINDING AFFIRMATIVE CONSENT.  ONCE GIVEN, 
CONSENT MAY NOT BE REVOKED.













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