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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan · New York, NY
213 active listings · Median $775K
Calculating market narrative...
A condo-dominant submarket with rents at the 5-year high, sale values below the 5-year high, and sale listings clearing quickly.
Median asking rent in Midtown East sits at $4,895/month, matching the 5-year high. Rents are up +8.8% year over year and +66.2% over the past 5 years. Median sale price stands at $775K, 23.0% below the 5-year high recorded in Jun 2025. Sale prices are down -16.2% year over year. Sale listings are clearing 37 days faster than at this point last year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Mar 2026.
Midtown East is a dynamic hub that is the gateway to Manhattan for many. Home to iconic landmarks like Grand Central Terminal and the Chrysler Building, the neighborhood offers unparalleled convenience for commuters and professionals. The residential landscape is a mix of high-rise luxury towers and...
Stations: Grand Central-42 St (0.28 mi), 51 St (0.30 mi), Lexington Av/53 St (0.36 mi), 5 Av/53 St (0.55 mi), 59 St (0.72 mi)
Midtown: 10 min (4 express from Grand Central-42 St)
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Based on active listings in Midtown East
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Properties in Midtown East
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 1/1/1970.
Experience across NYC
Transactions closed
Active in Manhattan
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Midtown East buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
The median sale price in Midtown East is $775K. Condos sit at a median of $990K and co-ops at $628K. Sale prices are down 16.2% year over year.
No. The median sale price in Midtown East is currently 23.0% below the 5-year high recorded in June 2025. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Midtown East have a median of 60 days on market. That is 37 days faster than the same point a year ago. Roughly 13.2% of active listings have recorded a price cut, suggesting some negotiating room.
Midtown East is broadly balanced right now, with median days on market at 60 days and 13.2% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Midtown East offers both co-ops and condos. Condos are the higher-priced segment at a $990K median, with co-ops at $628K.
Roughly 95 homes change hands each month in Midtown East across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Midtown East is $4,895/month. Live RLS listings show studios at $3,450, 1-bedrooms at $4,150, 2-bedrooms at $10,900, 3+ bedrooms at $32,000 per month. Rents are up 8.8% year over year.
Yes. The median asking rent in Midtown East is currently at the 5-year high. Tenants searching the neighborhood right now are competing in a market priced at peak.
Median asking rent in Midtown East has risen 66.2% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Midtown East, median sale prices range across Midtown at $2.1M, Central Park South at $1.1M, Midtown West at $990K, All Midtown at $905K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Midtown East is served by the 4, 5, 6, 7, E, M, S trains. The commute to Midtown Manhattan runs roughly 10 minutes from Grand Central-42 St.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Midtown East, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: mcoste@kwnyc.com.
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Licensed Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Midtown East, I will guide you every step of the way.
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