U.S. SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549

                            FORM 12b-25

                    NOTIFICATION OF LATE FILING


                                                SEC File Number: 0-2666
                                                Cusip Number:
        (Check One):

        [XX] Form 10-K and Form 10-KSB  [  ] Form 20-F
        [  ] Form 11-K                  [  ] Form 10-Q and Form 10-QSB
        [  ] Form N-SAR

        For Period Ended: December 31, 1998

        [  ]    Transition Report on Form 10-K
        [  ]    Transition Report on Form 20-F
        [  ]    Transition Report on Form 11-K
        [  ]    Transition Report on Form 10-Q
        [  ]    Transition Report on Form N-SAR
        For the Transition Period Ended:_________________

        Read attached Instruction Sheet Before Preparing Form. 
        Please Print or Type.

        Nothing in this form shall be construed to imply that the 
        Commission has verified any information contained herein.  

        If the notification relates to a portion of the filing checked 
        above, identify the Item(s) to which the notification relates: 
        ___________________________________

        Part I - Registrant Information 

        250 West 57th St. Associates
        Full Name of Registrant

        _____________________________
        (Former Name if Applicable) 

        60 East 42nd Street
        Address of Principal Executive Office
        (Street and Number) 

        New York, New York 10165
        City, State and Zip Code

        Part II - Rules 12b-25(b) and (c)

        If the subject report could not be filed without unreasonable 
        effort or expense and the registrant seeks relief pursuant to Rule 
        12b-25(b), the following should be completed (Check box if 
        appropriate)

              (a) The reasons described in reasonable detail in Part III
              of this form could not be eliminated without unreasonable
            [ effort or expense; 
            [
            [ (b) The subject annual report, semi-annual report,
            [ transition report on Form 10-K, Form 20-F, 11-K or Form
            [ N-SAR, or portion thereof will be filed on or before the
        [X] [ fifteenth calendar day following the prescribed due date; or
            [ the subject quarterly report or transition report on Form
            [ 10-Q, or portion thereof will be filed on or before the 
            [ fifth calendar day following the prescribed due date; and 
            [
            [ (c) The accountant's statement or other exhibit required by
              Rule 12b-25(c) has been attached if applicable. 

        Part III - Narrative

        State below in reasonable detail the reasons why Form 10-K and 
        Form 10-KSB, 20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the 
        transition report or portion thereof could not be filed within the 
        prescribed period.  


            We are awaiting financial information regarding Registrant.

        Part IV - Other Information

        (1) Name and telephone number of person to contact in regard to 
            this notification

                  Mark Labell                   (212) 850-2677
                   (Name)                  (Area Code)(Telephone Number)

        (2) Have all other periodic reports required under section 13 or 
            15(d) of the Securities Exchange Act of 1934 or section 30 of 
            the Investment Company Act of 1940 during the preceding 12 
            months or for such shorter period that the registrant was 
            required to file such report(s) been filed?  If the answer is 
            no, identify report(s).  
                                             [XX] Yes        [  ] No

        (3) Is it anticipated that any significant change in results of 
            operations from the corresponding period for the last fiscal 

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            year will be reflected by the earnings statements to be
            included in the subject report or portion thereof?

                                             [  ] Yes        [XX] No


           If so:  attach an explanation of the anticipated change, both
           narratively and quantitatively, and, if appropriate, state 
           the reasons why a reasonable estimate of the results cannot 
           be made.  


                        250 West 57th St. Associates
                (Name of Registrant as specified in charter)


           has caused this Notification to be signed on its behalf by 
           the undersigned thereunto duly authorized Attorney-in-Fact 
           for Registrant and each of the Partners in Registrant, 
           pursuant to Powers of Attorney, dated March 29, 1996 and 
           May 14, 1998, and attached hereto as Exhibit 1.

           Dated: March 29, 1999


					250 WEST 57TH ST. ASSOCIATES
						(Registrant)


					By /s/Stanley Katzman
				  	      Stanley Katzman, 
						 Attorney-in-Fact














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                      										EXHIBIT 1


                        250 WEST 57TH STREET ASSOCIATES

                                FILE NO. 0-2666

                              POWER OF ATTORNEY



		We, the undersigned general partners of 250 West 57th 
        Street Associates ("Associates"), hereby severally constitute and 
        appoint Stanley Katzman and Richard A. Shapiro and each of them, 
        individually, our true and lawful attorneys with full power to 
        them and each of them to sign for us, and in our names and in the 
        capacities indicated below on behalf of Associates, any and all 
        reports or other statements required to be filed with the 
        Securities and Exchange Commission under Section 13 or 15(d) of 
        the Securities Exchange Act of 1934. 

        Signature               Title                Date


        /s/Peter L. Malkin
           Peter L. Malkin      General Partner    March 29, 1996


        /s/Anthony E. Malkin
           Anthony E. Malkin    General Partner    May 14, 1998










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        STATE OF NEW YORK       )
				: ss.:
        COUNTY OF NEW YORK      )

        	On the 29th day of March, 1996 before me personally came
        PETER L. MALKIN, to me known to be the individual described in and 
        who executed the foregoing instrument, and acknowledged that he 
        executed the same.  


                                        /s/Notary Public
                                           NOTARY PUBLIC



        STATE OF NEW YORK       )
				: ss.:
        COUNTY OF NEW YORK      )


		On the 14th day of May, 1998 before me personally came 
        ANTHONY E. MALKIN, to me known to be the individual described in 
        and who executed the foregoing instrument, and acknowledged that 
        he executed the same.  


                                        /s/Notary Public
                                           NOTARY PUBLIC










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