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Explore Midtown South Neighborhood in New York City

Real Estate New Developments

General Information


Midtown South, located in the heart of Manhattan, is a bustling commercial and residential neighborhood that offers a dynamic mix of office buildings, retail spaces, and residential units. It is part of the larger Midtown Manhattan area, which serves as one of the city’s major business districts. Midtown South encompasses neighborhoods such as Chelsea, the Flatiron District, and NoMad, offering a variety of living and working spaces. The neighborhood is known for its central location, making it one of the most accessible areas in New York City, with a high concentration of office buildings, restaurants, and cultural venues. It is also home to some of the city’s most recognizable landmarks, including the Empire State Building and Madison Square Park. Midtown South’s vibrant energy, excellent transportation links, and proximity to major corporate headquarters and entertainment options make it one of the city's most desirable areas to live and work.

Real Estate Information

The real estate market in Midtown South is diverse, offering a mix of residential, commercial, and mixed-use properties. The area’s real estate is heavily influenced by its commercial nature, with many office buildings, lofts, and luxury apartments catering to professionals working in the district. Historically an industrial area, Midtown South has transformed over the past few decades, with many of its warehouses and commercial spaces being converted into trendy loft apartments, luxury condominiums, and boutique hotels. Prices in Midtown South are generally high, reflecting the neighborhood’s prime location and proximity to major business hubs. The area attracts both young professionals looking for a work-life balance and families seeking central urban living with access to cultural amenities, parks, and top-tier dining. The growing demand for office spaces and apartments in Midtown South has led to increased development, including the construction of high-rise buildings and mixed-use complexes that combine residential units with retail and office spaces. As a result, Midtown South remains a hot spot for both investors and homebuyers looking for a combination of convenience, luxury, and an exciting urban environment.

Historical/Interesting Facts

Midtown South has a rich history that dates back to the 19th century when it was a center for manufacturing and industrial activity. By the late 1800s, the neighborhood had become a major commercial district, with factories, warehouses, and distribution centers lining the streets. As the city continued to grow, Midtown South evolved into a more diverse area with a combination of industrial, residential, and commercial developments. The early 20th century saw the rise of iconic skyscrapers, including the Chrysler Building and the Empire State Building, which helped establish Midtown as the heart of New York City’s business district. During the mid-20th century, Midtown South experienced periods of decline as industries moved out of the city and buildings became underutilized. However, the area underwent significant gentrification and redevelopment in the late 20th and early 21st centuries. Many of the former industrial buildings were converted into high-end residential spaces, and new commercial and cultural developments took root. Today, Midtown South is a prime example of New York City’s ability to adapt and evolve, blending historic buildings with modern architecture while maintaining its status as a commercial and cultural center in the city.

Properties Statistics

Total Properties

59

Median Asking

$2,931,615.15

Sale Price/ft²

$1,817.53

Average Home Size

1213 ft²

Average Home Age

50 years

Based on results from 59 properties

Buildings in this Sector

Fifth Avenue Tower445 fifth avenue

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