Market Overview for Quarter 1, 2021
Median Sale Price
No. of Transactions
Manhattan Median Sale Price
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.
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|
|Central Park South||Manhattan||$2,147,500|
|Upper West Side||Manhattan||$1,075,000|
|Theatre District - Times Square||Manhattan||$970,000|
|Clinton - Hell's Kitchen||Manhattan||$779,500|
|Battery Park City||Manhattan||$753,950|
|Lower East Side||Manhattan||$728,000|
Residential Properties Sold in Theatre District - Times Square
|Property Type||Median sale price||Y-o-Y||Median sale price/sqft||Y-o-Y||Transactions|
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.
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.
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.
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.
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.