NYC Neighborhood Highlight: Midtown Manhattan

It’s the end of the month again, and as usual, we will be talking about the NYC neighborhood you will surely love.

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This time, let’s take a look at what many say is the core of the Big Apple: Midtown Manhattan.

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Overview of Midtown

Before the lights and sounds of Time Square dominated the area, Midtown used to be the site of?Dutch settlements. It was not until 1822 that it became an official part of New York City. Rapid population growth spurred development in the area. This peaked in the 1920s when the city benefitted greatly from the completion of Grand Central Station.?

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Midtown became a prominent site for commercial construction projects that now define the NYC skyline. A construction boom during the 1930s produced some of the city’s most iconic landmarks such as the Empire State Building, the Chrysler Building, and the Rockefeller Center, all of which are located in Midtown.?

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The neighborhood is NYC’s central business district with many corporations like Marvel Entertainment, JP Morgan Chase, and Time Warner headquartered there. Each year, Midtown receives millions of tourists eager to visit Broadway and have their photos taken with Times Square as the backdrop.

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Despite a lack of green spaces, Midtown is still ideal for many young professionals finding their dream careers and businesses looking for prime commercial space.

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Midtown Rent and Property Prices

Expect to pay above the average when you are looking for a place to stay in Midtown Manhattan. According to Redfin, the?median sale price?of a home is around $1,260,000, up 20.9% year-over-year

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Moreover, the area has had one of the highest rent increases this year. A one-bedroom apartment will set you back a whopping $4,411 per month, according to?Rent Cafe. This is higher than the national median rent of $1,706.?

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Midtown Manhattan is pricey and it will get even pricier as the months go on. But with the housing supply still lower than pre-pandemic levels, investors can take this as an opportunity to find the most profitable deals in the market.

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Best Things to Do in Midtown Manhattan

If you have the means to live in a place like Midtown Manhattan, the neighborhood offers loads of activities and amenities for you to enjoy.?

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Spend Christmas at the Rockefeller Center

Built during the 1930s, Rockefeller Center has become one of NYC’s most iconic landmarks. This art deco-inspired commercial complex is also known for displaying a massive Christmas tree that reaches as high as 100 feet. Pay a visit during the Holidays and spend time learning how to ice skate on the rink below.

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Read a book at the New York City Public Library

Are you a book lover or just looking around for a peaceful place to study? The New York City Public Library’s Main Branch along Fifth Avenue is a must-see. Containing more than 2.5 million volumes, this National Historic Landmark also features the massive Rose Main Reading Room and easy access to nearby Bryant Park.

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See a Spectacle at the Madison Square Garden

From the Fight of the Century between Smokin’ Joe Frazier and Muhammad Ali to John Lennon's last concert with Elton John, Madison Square Garden has been the venue of many important events. While you are in Midtown, be sure to watch a game or a concert and get a feel of what it’s like to be inside the Garden.?

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Experience High-end Dining

Looking to satisfy your palate? Midtown Manhattan is a gastronomic melting pot because it’s the home to many of the Big Apple’s best dining establishments. From steakhouse legend Quality Meats to Korean skewer center Kochi, the place has everything for every foodie. You can also venture outside your comfort zone and challenge your taste buds as you try new dishes from different cultures.

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Does Midtown Manhattan sound like your dream neighborhood in your dream city??

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Whether you are a buyer or renter or investor, Midtown could be your best bet. You just need to know your way around the market and find a property that matches your needs.?

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I’m here to help. Let’s connect, and I can give you a list of prime properties in Midtown Manhattan I’m sure you would like!

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Call me at?917-627-5677?or send an email to?[email protected]?and let’s get started on your goals.

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Talk soon,

Eli