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Explore Midtown Neighborhood in New York City

Real Estate New Developments

General Information

Midtown Manhattan is the bustling heart of New York City, known for its iconic skyline, world-famous attractions, and vibrant business district. Stretching from 34th Street to 59th Street and between the Hudson and East Rivers, Midtown is home to major landmarks such as Times Square, Rockefeller Center, the Empire State Building, and Grand Central Terminal. The neighborhood is a global hub for finance, media, and tourism, with millions of visitors and professionals passing through daily. With its mix of high-end shopping on Fifth Avenue, Broadway theaters, and fine dining, Midtown offers an energetic and fast-paced urban experience that defines the essence of New York City.

Real Estate Information

Midtown’s real estate market is diverse, featuring everything from luxury high-rise condominiums and pre-war co-ops to office skyscrapers and boutique hotels. As one of Manhattan’s most commercially significant areas, Midtown attracts high-end residential buyers, international investors, and professionals looking for convenience and prestige. While much of the real estate is geared toward commercial spaces and corporate headquarters, residential developments have increased in recent years, offering sleek, modern apartments with state-of-the-art amenities. Prices in Midtown tend to be high due to its central location and proximity to major attractions, but the variety of housing options caters to a wide range of buyers and renters.

Historical/Interesting Facts

Midtown Manhattan's history dates back to the 19th century when it was primarily farmland and undeveloped land. The neighborhood saw rapid growth in the early 20th century with the construction of key landmarks such as Grand Central Terminal (1913) and the Chrysler Building (1930). The rise of Rockefeller Center and Times Square further solidified Midtown as the epicenter of commerce, entertainment, and tourism. By the mid-20th century, Midtown became the headquarters for many Fortune 500 companies, and its transformation into a skyscraper-filled district was complete. Today, Midtown remains one of the most dynamic and evolving neighborhoods in New York City, blending its historic roots with cutting-edge development and global influence.

Properties Statistics

Total Properties

179

Median Asking

$3,710,212.79

Sale Price/ft²

$1,883.91

Average Home Size

1528 ft²

Average Home Age

37 years

Based on results from 179 properties

Buildings in this Sector

FAQ about Midtown