FORM 10-Q-A

                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549

         (Mark One)

         [x]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                         THE SECURITIES EXCHANGE ACT OF 1934

         For the quarterly period ended March 31, 1998

                                         OR

         [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                         THE SECURITIES EXCHANGE ACT OF 1934

         For the transition period from ____________ to ___________

         Commission file number 0-2666

                            250 WEST 57th ST. ASSOCIATES
               (Exact name of registrant as specified in its charter)

         A New York Partnership                      13-6083380
         (State or other jurisdiction of             (I.R.S. Employer
         incorporation or organization)              Identification No.)

                    60 East 42nd Street, New York, New York 10165
                      (Address of principal executive offices)
                                     (Zip Code)

                                   (212) 687-8700
                (Registrant's telephone number, including area code)

                                         N/A
         (Former name, former address and former fiscal year, if changed
         since last report)

         Indicate by check mark whether the Registrant (1) has filed all
         reports required to be filed by Section 13 or 15(d) of the
         Securities Exchange Act of 1934 during the preceding 12 months (or
         for such shorter period that the Registrant was required to file
         such reports), and (2) has been subject to such filing require-
         ments for the past 90 days.

         Yes [ X ].  No [   ] .

              An Exhibit Index is located on Page 3 of this Report.
         Number of pages (including exhibits) in this filing:  <PAGE>
         




         250 West 57th St. Associates                                   13.
         March 31, 1998



                                     SIGNATURES

                   Pursuant to the requirements of the Securities Exchange
         Act of 1934, the Registrant has duly caused this report to be
         signed on its behalf by the undersigned thereunto duly authorized.

                   The individual signing this report on behalf of
         Registrant is Attorney-in-Fact for Registrant and each of the
         Joint Venturers in Registrant, pursuant to Powers of Attorney,
         dated March 29, 1996 and May 14, 1998 (collectively, the "Power").


         250 WEST 57TH ST. ASSOCIATES
         (Registrant)



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


         Date:  June 3, 1998


                   Pursuant to the requirements of the Securities Exchange
         Act of 1934, this report has been signed by the undersigned as
         Attorney-in-Fact for each of the Joint Venturers in Registrant,
         pursuant to the Power, on behalf of Registrant on the date
         indicated.


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


         Date:  June 3, 1998










         ______________________
            *   Mr. Katzman supervises accounting functions for
                Registrant.<PAGE>

         250 West 57th St. Associates                                   3.
         March 31, 1998



                                    EXHIBIT INDEX



            Number                   Document                      Page*

            3(a)      Registrant's Joint Venture Agreement,
                      dated May 25, 1953, which was filed as
                      Exhibit No. 3(a) to Registrant's
                      Registration Statement on Form S-1
                      (the "Registration Statement"), is
                      incorporated by reference as an
                      exhibit hereto.


            24        Powers of Attorney dated March 29,
                      1996 and May 14, 1998 between Partners
                      in Registrant and Stanley Katzman and
                      Richard A. Shapiro. 




























         ______________________
         *    Page references are based on sequential numbering system.