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Midtown West

Midtown West
New York, NY 10036
Retail, Residential, Leasing/Rental, Multifamily

Midtown West, also known as HellÍs Kitchen and Clinton, is a neighborhood in Manhattan, bounded by 34th Street, 59th Street, 8th Avenue, and the Hudson River. Many of its residential rental buildings are 6-story walks-ups that previously housed impoverished Irish immigrants. Its proximity to Times Square and the Broadway theater district supports a restaurant row that caters to theatergoers. Contemporary commercial real estate development in HellÍs Kitchen includes The New York Times headquarters at 620 Eighth Avenue, a 52-story tower developed by Forest City Ratner that opened in 2007 across from the Port Authority Bus Terminal. In 2011, developer SJP Properties completed a 40-story office building at 11 Times Square. Law firms spearheaded the neighborhoodÍs transformation into an extension of central Midtown, starting in 1989, when Cravath Swaine & Moore crossed Seventh Avenue to relocate at Worldwide Plaza at 50th Street and Eighth Avenue. Residential development has included the Related CompaniesÍ One MiMa, a 151-unit rental at 10th Avenue and 42nd Street.

  • Address Midtown West
  • neighborhood Midtown West
  • borough Manhattan
  • Event Sales
  • Address Midtown West portfolio
  • Borough Manhattan
  • Price $ 70,000,000
notes
The package of five-story walk-up rental buildings sold for $70 million. The properties are located on the south side of West 49th Street between Eighth and Ninth avenues. About half of the units in the portfolio are rent-regulated. The buildings have a combined seven stores.
  • Event Sales
  • Address Midtown West portfolio
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Price $ 65,000,000
  • Publication Date 11/01/2007
  • Event Date 09/17/2007
  • Party 1 Scheiner family
  • Party 2 TriBeach Holdings

06/06/2017
There wasn't a tremendous amount of big-ticket office leasing activity in the month of May, but when sizable deals were inked CBRE was usually involved. The commercial brokerage dominated There wasn't a tremendous amount of big-ticket office leasing activity in the month of May, but when sizable deals were inked CBRE was usually involved. The commercial brokerage dominated...

09/01/2015
Chelsea and Midtown West are each expected to see roughly 2,500 new condos hit the market in the next three years, according to Corcoran Sunshine data, while the Financial District, with roughly 2,000 units, is “coming back with a vengeance,” said Mack...

08/04/2015
In Manhattan, Urban Muse filed for a nearly 300-foot-tall condo high rise with 163 units at 34 Park Row in the Financial District. Joseph Moinian (who just built the largest residential rental tower in New York by unit count) plans to construct a 163-unit building at 572 11th Avenue in Midtown West...

05/01/2013
Song attributed the slow transaction volume in the Downtown East Side neighborhoods to the lack of available for-sale units in 2012 (see "Midtown West, Tribeca, Chelsea rank as Manhattan 'hoods with steepest inventory plunge")...

05/01/2013
Despite the high prices of listings now on the market, many boutique brokerages now have fewer listings than they did at this time last year, largely due to the overall inventory shortage currently plaguing Manhattan (see related story, "Midtown West, Tribeca, Chelsea rank as Manhattan ‘hoods with steepest inventory plunge")...

05/01/2013
Halstead Property President Diane Ramirez said that a decline in listings value was inevitable for nearly all firms in the current climate (see related story, "Midtown West, Tribeca, Chelsea rank as Manhattan 'hoods with steepest inventory plunge")...

12/30/2011
"There are the last vestiges of value" in Midtown South and Midtown West from about 27th to 39th streets, between Fifth and Eighth avenues, because prices are much higher near Madison Square Park...

10/03/2011
"Midtown West and Plaza submarkets did climb slightly for over August, but both are minor and still well below the July figures," said Sammons...

02/26/2010
Midtown West will see the second-largest uptick in room supply, with 10 new hotels coming online this year...

11/01/2007
Back in the days when developers needed only to announce a New York condo project in a hot neighborhood or a design by a celebrityBack in the days when developers needed only to announce a New York condo project in a hot neighborhood or a design by a celebrity...

05/01/2004
DOUGLAS ELLIMAN Agents with the Most Listings (and their Highest Priced Property): *Michael Shvo..52 listings ($19.95 million) Dolly Lenz29 listings ($19.95 million) Helene Luchnick26 listings ($5.2 million) Sachiko Goodman17 listingsDOUGLAS ELLIMAN Agents with the Most Listings (and their Highest Priced Property): *Michael Shvo..52 listings ($19.95 million) Dolly Lenz29 listings ($19.95 million) Helene Luchnick26 listings ($5.2 million) Sachiko Goodman17 listings...

...on the Upper West Side, Midtown East and Midtown West. Also, nearly 24 percent of all residential inventory was priced over $3 million. New development properties...

...Q2, a 2.3 percent increase from the previous quarter. Midtown West led with 48 units sold in the second quarter. The median sales price for new...