Midtown multifamily & commercial real estate market
Recorded sales, prices, construction, lending and ownership for income and commercial property in Midtown, updated monthly from NYC public records. Data through September 2026. Covers Midtown West, Flatiron and Union Square.
Get new sales, permits and off-market deals here in your weekly Pulse brief.
$6.4B91 sales, last 12 months▲ 84.5% YoY
$705Median price / sq ft▲ 32.5% YoY
$1.3MMedian price / unit (multifamily)▲ 95.4% YoY
3Off-market listings on Crezly now
October 2026 summary
91 income-property sales were recorded in Midtown over the 12 months ending September 2026, totaling $6.4B in dollar volume, with the sales count up 46.8% and dollar volume up 84.5% against the prior 12 months. The median price per square foot was $705, up 32.5%, while the median price per residential unit across multifamily and mixed-use properties was $1.3M, up 95.4%. DOB construction permits totaled 7,120, down 5.6%. 3.5% of multifamily and mixed-use parcels carried a Motivated-Seller Score of 10 or above, compared with 2.8% citywide. JPMorgan Chase Bank, N.A. recorded 12 mortgages, the most of any lender.
Market trends
Recorded sales volume by month
October 2024 – September 2026. Hover or tap a month for its figure.
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Month
Sales
Volume
October 2024
4
$58.8M
November 2024
6
$263.2M
December 2024
6
$586.5M
January 2025
9
$517.9M
February 2025
7
$155.1M
March 2025
7
$447.6M
April 2025
6
$72.1M
May 2025
5
$120.5M
June 2025
5
$102.7M
July 2025
4
$39.1M
August 2025
2
$1.1B
September 2025
1
$13.2M
October 2025
13
$1.3B
November 2025
7
$246.9M
December 2025
5
$636.7M
January 2026
3
$194.4M
February 2026
2
$57.8M
March 2026
10
$770.2M
April 2026
9
$176.8M
May 2026
15
$1.2B
June 2026
10
$829.8M
July 2026
8
$507.4M
August 2026
8
$410.3M
September 2026
1
$250K
Median price per square foot
Rolling 3-month median of recorded sales with a building area. Gaps mean fewer than five priced sales.
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Month
Median $/sf (3-mo)
October 2024
$525
November 2024
$494
December 2024
$525
January 2025
$419
February 2025
$573
March 2025
$487
April 2025
$485
May 2025
$463
June 2025
$743
July 2025
$641
August 2025
$1,025
September 2025
$569
October 2025
$649
November 2025
$771
December 2025
$670
January 2026
$526
February 2026
$408
March 2026
$646
April 2026
$866
May 2026
$934
June 2026
$806
July 2026
$697
August 2026
$690
September 2026
$845
Construction permits issued
Initial DOB NOW permits for construction work (sheds, fences, scaffolds and signs excluded) — a leading indicator of repositioning and new supply.
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Month
Permits
October 2024
616
November 2024
555
December 2024
535
January 2025
630
February 2025
623
March 2025
607
April 2025
656
May 2025
612
June 2025
677
July 2025
726
August 2025
639
September 2025
668
October 2025
674
November 2025
593
December 2025
626
January 2026
619
February 2026
646
March 2026
745
April 2026
760
May 2026
712
June 2026
771
July 2026
772
August 2026
202
September 2026
0
What trades here
Share of recorded sales by asset class, last 12 months.
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Asset class
Sales
Office
53
Retail
12
Hospitality
11
Mixed Use
6
Other
3
Development
3
Multifamily
2
Industrial
1
Seller distress
3.5% of 579 multifamily and mixed-use parcels in Midtown carry a Motivated-Seller Score of 10+ as of October 2026, unchanged from 3.5% in August 2026. Citywide the figure is 2.8%.
Midtown
NYC
The score weighs estimated loan maturity, tax liens, open HPD violations, evictions, ownership tenure and transfer activity. It is a signal, not a prediction.
What is the price per square foot for commercial and multifamily property in Midtown?
The median recorded sale was $705 per square foot across 85 priced income-property sales in the 12 months to September 2026, up 32.5% on the prior year.
How much do multifamily buildings sell for per unit in Midtown?
Multifamily and mixed-use buildings sold for a median of $1.3M per residential unit in the 12 months to September 2026, across 8 recorded sales.
How many commercial real estate sales were there in Midtown last year?
91 income-property sales worth $6.4B were recorded in the 12 months to September 2026 (deeds of $100,000 or more, excluding single-family homes and condo units).
Who lends on commercial property in Midtown?
The most active institutional lender over the last 12 months was JPMorgan Chase Bank, N.A., with 12 recorded mortgages. The Crezly lender directory ranks every lender by recorded loans.
Track Midtown deals as they happen
New sales, permits, off-market listings and distress signals, in one weekly brief.
Compiled by Crezly from NYC public records: ACRIS deeds and mortgages (recorded through September 2026), DOB NOW permits, PLUTO and HPD. Sales are recorded deeds of $100,000+ on income and commercial property (multifamily incl. two-family, mixed-use, retail, office, industrial, development, hospitality); single-family homes and condo units are excluded. Staten Island deeds are recorded by the Richmond County Clerk and are not in ACRIS. Neighborhoods follow NYC Community District boundaries. Not legal, financial or investment advice.
