Neighborhood Overview

Midtown Manhattan is the commercial heart of New York City, home to Times Square, Rockefeller Center, Grand Central Terminal, and the majority of the city's Class A office space. The area roughly spans 34th to 59th Streets and includes the highest-density commercial zoning in the city.

Common Property Types

Primarily commercial office towers (Class O), mixed-use buildings, hotels (Class H), retail properties, and some residential towers. Notable recent additions include supertall residential condos along Billionaires' Row (57th Street corridor).

Typical Building Ages

Wide range: early 20th century landmarks like the Empire State Building (1931) and Chrysler Building (1930), postwar office towers from the 1960s-1980s, and 21st century supertalls like One Vanderbilt (2020) and 432 Park Avenue (2015).

Common Violations

Facade maintenance on high-rises, elevator and escalator violations, fire and life safety systems, ADA compliance issues, signage violations, and construction-related violations from ongoing development. High volume of DOB and ECB activity.

Property Tax Information

Commercial properties (Tax Class 4) at 45% assessment ratio with high per-square-foot values. Office buildings can face annual tax bills in the millions. Residential condos along 57th Street have some of the highest per-unit assessed values in NYC.

Zoning Information

High-density commercial zoning: C5-2, C5-3, C6-4, C6-5, C6-6, and C6-7. Special Midtown District provides bulk and use regulations. East Midtown rezoning (2017) incentivizes new office development near Grand Central. FAR up to 18.0 in some districts.