_Property for sale in Midtown, Manhattan: Why the New York district is more popular than ever

Manhattan has always had an enchanting quality, but there’s something particularly magical about the city during Thanksgiving.  

There is, of course, Macy’s Thanksgiving Day Parade, a beloved tradition that puts all eyes on NYC. But elsewhere, the numerous holiday markets, ice skating in Central Park and the lighting of the Rockefeller tree are also kick-starters of the festive season, lighting up the city and transforming it into a winter wonderland.

Knight Frank’s latest New York Insight Report reveals that the Manhattan property market is booming: in June 2022  prime prices increased by 7.1%, the strongest rate of growth for 8 years. The residential market has seen steady activity throughout 2022, spurred on by people returning to the city and strong rental demand.

The report highlights Midtown as a district with enduring appeal for buyers. An area that extends from Hell’s Kitchen in the West to Tudor City in the East, it's known for its world-class architecture, including The Chrysler Building, popular restaurants and iconic landmarks, such as Times Square. It’s also where you’ll find Central Park, which offers 2.5 miles of green space, while luxury shopping destinations and the Theatre District are only a short stroll away.

Here, we look at four outstanding properties for sale in Midtown that each offer something special in this captivating city.

The Towers of Waldorf Astoria, Park Avenue

Prices from: $1,800,000

The city’s first skyscraper hotel, which opened in 1931, is synonymous with old New York glamour.

Its reputation for luxury, excellence and glittering excess has drawn countless A-listers, global icons and royalty through its doors over the years. Regulars included Elizabeth Taylor, Marilyn Monroe and legendary composer Cole Porter, who lived in a 33rd-floor suite for nearly 30 years.

Now, after an extensive remodel, the iconic building has entered a new phase with 375 branded residences, representing a new opportunity for buyers to own a part of the historic hotel.

Homes at The Towers range from chic studios to opulent 4 bedroom residences, penthouses and marquee homes with private outdoor space. Residents have their own private entrance and lifts, and once inside, the homes have an elegant and contemporary feel with the highest grade materials thanks to renowned French designer Jean-Louis Denoit.

Elsewhere, residents have their own dedicated concierge team and access to all the hotel’s facilities, which extends to over 50,000 sq ft of leisure and wellness amenities.

Our recent Global Buyer Survey in the New York Insight report reveals that more than one in three buyers (39%) in Manhattan would be willing to pay a premium for a branded residence due to its exceptional services and amenities.

Nine52, 416 West 52nd St

Guide price: $2,400,000

This spacious 3 bedroom apartment is located in buzzing Hell’s Kitchen. The neighbourhood offers quick access to Central Park, Broadway plays, multiple subway lines and some of the best restaurants the city has to offer.

Everything about the residence in the sleek Nine52 development is designed with modern city living in mind. Bright and open living spaces with high ceilings give it a loft-like feel, while the amenities offer all the conveniences you could need, including a fitness centre, yoga and spinning rooms, private lounges, a children’s playroom and a beautifully landscaped roof terrace.

Complimentary bikes are also available to residents, while their own living-lifestyle app will keep you connected to your neighbours and the local community.

53 West 53

Price Range Of: $3,850,000 - $64,730,000

In a busy skyline of outstanding architecture, 53 West 53 still cuts a striking figure. Anchored by the Museum of Modern Art (MoMA) at its base and overlooking Central Park, this tapered skyscraper designed by Pritzker Prize-winning architect Jean Nouvel is unlike any other building in the city.

All 145 1-4 bedroom residences and penthouses, plus 17 studio suites, are spacious, light-filled and have incredible panoramic views across the city. Just imagine looking out over Central Park, the Hudson River, East River and the famous Manhattan skyline from the comfort of your living room sofa.

The inside of 53W53 is no less impressive. The interiors are designed by noted architect Thierry Despont, whose work includes London’s Claridge’s, 45 Park Lane and the Ritz Paris. Behind each elegantly crafted mahogany door, you’ll find bronze hardware, spa-like bathrooms and fully bespoke kitchens inspired by the tower’s distinctive shape.

Residents can enjoy top tier services on a par with a five-star hotel, from 24-hour concierge to housekeeping, laundry, pet grooming and in-residence dining and catering from the building’s restaurant.

This exceptional service extends to the building’s amenities, which include a full-floor, 15,000 sq ft wellness centre managed by The Wright Fit, a 65-ft lap pool, a whirlpool, and a cold plunge with poolside vertical gardens designed by French botanist and inventor Patrick Blanc.

The Centrale, 138 East 50th St

Guide price: $2,975,000

On the east side of Midtown, close to Manhattan landmarks such as The Chrysler Building and Grand Central Station, lies The Centrale Condo, where this 2 bedroom, 2 bathroom apartment is available.

There’s a feeling of luxury and elegance throughout the expansive living areas; from the white oak flooring to the floor-to-ceiling windows that frame the surrounding Midtown landscape. There are plenty of thoughtful touches among the interiors, including Capri marble kitchen countertops in the chef’s kitchen and an expansive walk-in wardrobe in the principal suite. Amenities include several private dining and entertaining spaces, a state-of-the-art fitness centre and a 75ft lap pool.