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Midtown Commercial Real Estate

Crezly tracks 262 recorded commercial and multifamily property sales in Midtown, Manhattan. The median recorded sale price is $19.5M, or about $681 per square foot. An estimated $9.07B in mortgage debt is secured against tracked properties in this neighborhood.

Market snapshot

262Recorded sales
$19.5MMedian sale price
$681Median $/sf
$9.07BEst. outstanding debt

Recent recorded sales

AddressRecordedPrice$/sf
25 WEST 45TH STREET2026-04-29$46.95M$250map ›
1151 BROADWAY2026-04-28$29.2M$2,739map ›
28 WEST 36 STREET2026-04-27$15.7M$270map ›
40 EAST 23 STREET2026-04-21$7.38M$808map ›
136 WEST 46TH STREET2026-04-17$4M$813map ›
1025 AVENUE OF THE AMER2026-04-07$3.1M$920map ›
650 FIFTH AVENUE2026-04-06$174M$518map ›
597-599 FIFTH AVENUE2026-04-06$54M$1,024map ›
3 EAST 48 STREET2026-04-01$9.5M$646map ›
1165 BROADWAY2026-03-27$47M$1,093map ›
684 6TH AVENUE2026-03-27$5.8M$1,695map ›
60 WEST 22ND STREET2026-03-27$4.72M$948map ›

Top property owners

OwnerPropertiesEst. debt
RXR 590 MADISON OWNER LLC1$702M
51 W. OWNER, LP1$494M
1177 PROPERTY LLC1$371.99M
450 PARK FEE OWNER LP1$289.25M
720 FIFTH USA, LLC1$258.31M
HADSON 2 PARK AVE LLC1$232.05M
SNYTS OWNER LLC1$210.12M
JPMORGANCHASE BANK, NA1$208.1M
1330 CE26 LLC1$208M
360 PAS OWNER LLC1$195M

Asset classes

Recorded sales in Midtown by property class: Commercial/Office (189), OF (32), AP (18), FS (6), VN (3), F1 (3).

Frequently asked questions

How much does commercial real estate cost in Midtown?
Across 262 recorded sales in Midtown, Manhattan, the median price is $19.5M, or roughly $681 per square foot.

Who are the largest property owners in Midtown?
The most exposed owners by estimated debt include RXR 590 MADISON OWNER LLC and 51 W. OWNER, LP. Crezly tracks their full NYC portfolios.

How much CRE debt is there in Midtown?
Crezly estimates about $9.07B in outstanding mortgage debt secured against tracked commercial and multifamily properties in Midtown.

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Compiled by Crezly from New York City public records (ACRIS deeds & mortgages, PLUTO). Neighborhoods follow NYC Community District boundaries. Figures are estimates and may not reflect the most recent transactions. Not legal, financial or investment advice.