Midtown South
Midtown South runs between NoMad and the Garment District, a district of early-twentieth-century commercial buildings where residential use arrived through conversion rather than by design. The inventory is loft-scaled and irregular, and street life stays predominantly commercial outside business hours. Buyers are typically choosing central location and unusual floor plates. This is the part of Manhattan where office-to-residential conversion is most active, so expect the inventory mix to keep changing. Closings run further below ask than the borough norm, and above-ask sales are rare.
What the index shows for Midtown South
Median condominium price per square foot and cooperative price per room, with the change over the past year and since 2022 and 2016. Condos are measured by the foot, co-ops by the room.
Medians of recorded, index-eligible sales — each figure carries the mix of what happened to trade, not the like-for-like change of a single apartment. Compiled by The Roebling Team at Compass from public records. Figures are indicative, not an appraisal.
How Midtown South clears
What closings across Midtown South look like at the table, shown against the Manhattan baseline so each figure reads as a comparison.
- Typical closing vs asking price
- −4.5%
- Share selling above ask
- 6%
- Monthly charges
- $2,511
- Median rooms
- 3.0
Buildings in Midtown South
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