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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan · New York, NY
0 active listings · Median $850K
Calculating market narrative...
A condo-dominant submarket with strong rent growth, sale values below the 5-year high, and sale listings clearing quickly.
Median asking rent in Midtown South is $5,100/month, $100 below the 5-year high set in Jul 2025. Rents are up +5.2% year over year and +50.2% over the past 5 years. Median sale price stands at $850K, 69.1% below the 5-year high recorded in Aug 2018.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Mar 2026.
Midtown South encompasses the blocks around the Flatiron Building and Madison Square Park, featuring converted loft-style condos, Beaux-Arts co-ops, and Art Deco apartment buildings alongside new residential towers. The R and W trains at 23rd Street, the 6 train on Park Avenue South, and the F and M...
Stations: 34 St-Penn Station (0.33 mi), 34 St-Herald Sq (0.47 mi), 42 St-Port Authority (0.69 mi), Times Sq-42 St (0.72 mi)
Midtown: 11 min (2 express from 34 St-Penn Station)
| School | Grades | Dist |
|---|---|---|
| NYC Lab School for Collaborative Studies | 6-12 | 0.56 mi |
| NYC Lab School for Collaborative Studies | 6-12 | 0.56 mi |
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Properties in Midtown South
No listings currently available. Contact Milton
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 1/1/1970.
Experience across NYC
Transactions closed
Active in Manhattan
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Midtown South buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
San Francisco buyers bring equity that goes further in NYC than in the Bay Area. Here is what your SF sale proceeds actually buy, plus the five things that blindside West Coast transplants.
San Francisco buyers bring equity that goes further in NYC than in the Bay Area. Here is what your SF sale proceeds actually buy, plus the five things that blindside West Coast transplants.
The median sale price in Midtown South is $850K. Condos sit at a median of $2.8M and co-ops at $610K.
No. The median sale price in Midtown South is currently 69.1% below the 5-year high recorded in August 2018. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Midtown South have a median of 48 days on market. Only 8.7% of active listings have a price cut on record, signaling tight pricing.
Midtown South is broadly balanced right now, with median days on market at 48 days and 8.7% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Midtown South offers both co-ops and condos. Condos are the higher-priced segment at a $2.8M median, with co-ops at $610K.
Roughly 4 homes change hands each month in Midtown South across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Midtown South is $5,100/month. Rents are up 5.2% year over year.
Median asking rent in Midtown South is currently $100 below the 5-year high set in July 2025. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Midtown South has risen 50.2% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Midtown South, median sale prices range across Flatiron at $2.8M, Midtown at $2.1M, Chelsea at $1.3M, All Midtown at $905K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Midtown South is served by the 1, 2, 3, 7, A, B, C, D, E, F, M, N, Q, R, S, W trains. The commute to Midtown Manhattan runs roughly 11 minutes from 34 St-Penn Station.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Midtown South, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: [email protected].
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Licensed Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Midtown South, I will guide you every step of the way.
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