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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan · New York, NY
203 active listings · Median $2.1M
Calculating market narrative...
A condo-dominant submarket with rents at the 5-year high, rising sale prices, and sale listings clearing quickly.
Median asking rent in Midtown sits at $6,000/month, matching the 5-year high. Rents are up +21.2% year over year and +71.4% over the past 5 years. Median sale price stands at $2.10M, 25.2% below the 5-year high recorded in Nov 2023. Sale prices are up +19.7% year over year. Sale listings are clearing 45 days faster than at this point last year.
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 Manhattan is the city's primary commercial and transit hub, home to Grand Central Terminal, Rockefeller Center, Bryant Park, and the Empire State Building. The residential market features luxury condo towers, classic pre-war cooperatives, and postwar doorman buildings served by nearly every ...
Stations: Times Sq-42 St (0.18 mi), 42 St-Port Authority (0.35 mi), Grand Central-42 St (0.39 mi), 34 St-Herald Sq (0.41 mi), 34 St-Penn Station (0.47 mi)
Midtown: 8 min (2 express from Times Sq-42 St)
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Based on active listings in Midtown
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Properties in Midtown
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 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."
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The median sale price in Midtown is $2.1M. Condos sit at a median of $2.2M and co-ops at $835K. Sale prices are up 19.7% year over year.
No. The median sale price in Midtown is currently 25.2% below the 5-year high recorded in November 2023. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Midtown have a median of 96 days on market. That is 45 days faster than the same point a year ago. Only 7.0% of active listings have a price cut on record, signaling tight pricing.
Midtown is broadly balanced right now, with median days on market at 96 days and 7.0% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Midtown offers both co-ops and condos. Condos are the higher-priced segment at a $2.2M median, with co-ops at $835K.
Roughly 22 homes change hands each month in Midtown 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 is $6,000/month. Live RLS listings show studios at $4,000, 1-bedrooms at $4,548, 2-bedrooms at $10,825 per month. Rents are up 21.2% year over year.
Yes. The median asking rent in Midtown is currently at the 5-year high. Tenants searching the neighborhood right now are competing in a market priced at peak.
Median asking rent in Midtown has risen 71.4% 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, median sale prices range across Central Park South at $1.1M, Midtown West at $990K, All Midtown at $905K, Midtown East at $775K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Midtown is served by the 1, 2, 3, 4, 5, 6, 7, A, B, C, D, E, F, M, N, Q, R, S, W trains. The commute to Midtown Manhattan runs roughly 8 minutes from Times Sq-42 St.
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, 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, I will guide you every step of the way.
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