Theatre District - Times Square Real Estate Market Trends

Market Overview for Quarter 1, 2021


Median Sale Price

$970K

-11% YoY


Median Price/Sqft

$1,169

3% YoY


No. of Transactions

23

53% YoY

Manhattan Median Sale Price

$1M

-1% YoY

The median home sale price in Theatre District - Times Square as of Quarter 1 was $970K, down 11% year-over-year. A total of 23 assets were sold, representing a 53% growth compared to Quarter 1 last year. The median price per square foot was $1,169, a 3% YoY change. In Quarter 1, the median home sale price in Manhattan was $1M.

Theatre District - Times Square Neighborhood Map

The Theatre District is considered by many to be the heart of NYC. Always energetic, always bustling, and always exciting, this neighborhood is home to famed Broadway theaters, television studios, and Times Square itself. Residences are mostly limited to newly built high-rise condos and come with some of the biggest price tags in the city.

Theatre District - Times Square Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Theatre District - Times Square

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Top most expensive neighborhoods in Manhattan

Theatre District - Times Square median price compared with other neighborhoods in Manhattan

Property values in Theatre District - Times Square are lower compared to the borough of Theatre District - Times Square overall.




Theatre District - Times Square median price compared with all the neighborhoods in Manhattan

Neighborhood Borough Median Sale Price
Hudson Yards Manhattan $5,504,250
TriBeCa Manhattan $3,500,000
SoHo Manhattan $3,145,000
Hudson Square Manhattan $2,906,012
Civic Center Manhattan $2,780,000
NoLIta Manhattan $2,536,225
NoHo Manhattan $2,235,000
Central Park South Manhattan $2,147,500
Little Italy Manhattan $1,925,000
Garment District Manhattan $1,900,000
Flatiron District Manhattan $1,865,000
Chinatown Manhattan $1,733,179
NoMad Manhattan $1,587,000
Two Bridges Manhattan $1,582,955
Carnegie Hill Manhattan $1,497,500
West Village Manhattan $1,225,000
Greenwich Village Manhattan $1,175,000
East Village Manhattan $1,100,000
Gramercy Park Manhattan $1,100,000
Lenox Hill Manhattan $1,100,000
Upper West Side Manhattan $1,075,000
Lincoln Square Manhattan $1,070,000
Chelsea Manhattan $1,022,000
Theatre District - Times Square Manhattan $970,000
Financial District Manhattan $965,000
Sutton Place Manhattan $841,250
Yorkville Manhattan $819,000
Central Midtown Manhattan $805,000
Manhattan Valley Manhattan $800,000
Clinton - Hell's Kitchen Manhattan $779,500
Turtle Bay Manhattan $765,000
Battery Park City Manhattan $753,950
East Harlem Manhattan $750,000
Murray Hill Manhattan $750,000
Lower East Side Manhattan $728,000
Harlem Manhattan $705,000
Roosevelt Island Manhattan $676,551
Morningside Heights Manhattan $670,000
Koreatown Manhattan $645,000
Kips Bay Manhattan $607,000
Washington Heights Manhattan $580,000
Inwood Manhattan $532,000
Tudor City Manhattan $492,500

Residential Properties Sold in Theatre District - Times Square

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $1.1M -12% $1K 5% 17
Coops $302K 40% $10 - 6
Houses - - - - 0

The median condo price in Theatre District - Times Square in Quarter 1 was $1.1M, down 12% year-over-year. Median coop sale price in Theatre District - Times Square were $302K, a change of 40% year-over-year. There was no statistically significant data for median house sale price activity for the period of Quarter 1 in Theatre District - Times Square.

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Theatre District - Times Square Neighborhood Guide

To many folks around the world Times Square IS New York City. By some measures, it is the third-most visited tourist attraction on the planet. And yet, increasingly, the Theater District is becoming a place where people are looking to live. Who are these people? Busy people who appreciate a round-the-clock lifestyle. Young people unburdened by the demands of family life. People who crave being in the middle of the action - and close to work at the same time. People who love the unpredictability of mingling with strangers from every country on earth. Longtime residents after a time even claim to not notice the neon lights blazing outside their windows.

Architecture and landmarks

Start with Times Square. The iconic "zipper news bulletin board" that runs across the old New York Times building has had people looking up since 1928. Throughout the district and especially along 42nd Street are the historic theaters: the New Amsterdam Theatre, the Belasco Theatre, the Sam Shubert Theatre, the Helen Hayes Theater, the Majestic Theater, the Winter Garden Theatre, the Ed Sullivan Theater and on and on, about 40 in all. In Duffy Place, between 45th and 47th streets opposite Times Square, is a bronze statue of the consummate American showman George M. Cohan, bearing the words from his most famous song, "Give My Regards to Broadway." America's most famous concert hall, Carnegie Hall, is here and around the corner the walls of the Carnegie Deli are covered with photographs of the stars that have grabbed a sandwich following a performance. Rockefeller Center is just on the other side of the Avenue of the Americas.

Transport

Times Square earned its nickname "the crossroads of the world" honestly. Just about every train in Manhattan stops in the Times Square subway station. Of course, when you have to move an estimated 350,000 tourists a day, you can expect the trains on those eight lines to be crowded. You will have your choice of bus lines as well - the city transit system radiates from Times Square in every direction.

Schools

The Theater District is not generally a place young families are seeking out to raise their children in, but the Jacqueline Kennedy Onassis High School is in the neighborhood.

Health

Columbia Doctors Midtown, adjacent to Rockefeller Center, is an outreach facility of the Columbia University Medical Center. Outpatient treatment is provided by more than 225 doctors, dentists and nurse practitioners with access to over 125 exam rooms. Also at the facility is a primary and immediate care center.

Safety

There was a time when Times Square symbolized all that was dangerous about a crime-ridden New York City. Those days are over and personal safety on the streets in the Theater District has shifted so far in the opposite direction that some residents grumble about the "Disneyfication" of Times Square. Even the costumed characters that make a living on the Square have been corralled in recent years.

Things to do

Really, are you moving here for anything other than the Broadway shows and the frenetic, never-go-to-sleep lifestyle? Dining can be a quick tourist meal at the city's highest concentrations of chain restaurants to a nightcap at a New York show business institution like Sardi's.

Or join the line at one of the ubiquitous food carts such as the Halal Guys at 53rd Street and 6th Avenue where you can nosh on gyros until 4 in the morning. If you can't score a ticket to the hottest Broadway show you can check out the stars at Madame Tussaud's Wax Museum.

Every New Year's Eve there's the ball drop in Times Square, as there has been since 1907. There will be over one million people packed into the square that night and maybe even a New Yorker or two.