Once known by its iconic name, Hell’s Kitchen, and thereafter Clinton, the neighborhood also known as Midtown West is a mecca for those wishing to truly experience everything that New York City has to offer. Everything from Times Square, Columbus Circle, Broadway, Central Park, the Hudson Yards, and of course the east side are all just a short distance away, offering residents access to some of the best that New York has to offer.
Oasis at Your Doorstep
To the west, the Midtown West is bordered by the Hudson River which is home to the beautifully landscaped Hudson River Park that extends to the Upper West Side. Just south west of the 42nd Street theater district there has been a real estate boom of quality restaurants in recent years. The beautifully landscaped park is a perfect oasis located right on the water.
Hell’s Kitchen Real Estate
One of the unique features of Midtown West/Hell’s Kitchen that sets it apart from other parts of New York is the vast array of property types available to those looking to relocate here. Whether looking for an ultra-modern three-bedroom Hell’s Kitchen condo with doorman and private balcony, or a studio with less square feet is desired, there is something to suit everyone’s tastes without sacrificing luxury.
With more new construction condos popping up than ever before, the Hell’s Kitchen section of Midtown West is seeing more vibrancy year after year as the neighborhood mingles with Chelsea and cultural waves from theatres on Broadway bleed over into the area as more people discover the gem that Midtown West truly is.
Bordered on the north and south by w 57th St. and w 42nd St. respectively, the options for entertainment are limitless with Broadway just a short walk away. Feeling more like big city lights and classic NYC vibes? Walk on over to Times Square and watch the ball drop on New Year’s Eve.
Hell’s Kitchen Condominium
Even with Covid doing it’s best to hold down the market there hasn’t been a better time for Manhattan Real Estate pricing since 2007. In that year, while the national housing market had its most devastating year since the Great Depression, New York homes only temporarily came down 15% and were on the road to recovery in record time. THere was only a small window to find deals on new construction in NYC.
Hell’s Kitchen is a booming with open houses and new homes for sale in Midtown West, packed with signature pre-war industrial spaces — a considerable amount of which are currently home to workplaces or condominium transformations — and a guard harvest of outstanding quality new development condominiums, including some of the most promising new condo listings in Manhattan. That’s quite a feat for a neighborhood that was still something of an afterthought a generation ago.
In recent decades, Hell’s Kitchen’s Condominium has accomplished more than adding a host of striking new condominiums and tens of thousands of residential sqft th of 43rd St. With the appearance of the northernmost stretches of The High Line, a bit of Chelsea’s glamour has crept into parts of the neighborhood. In contrast, many new performing arts venues have also included another and unique cultural flavor.
Apartments near Times Square are easily found in this neighborhood, where you can enjoy being close to one of the most iconic areas of NYC without living in the heart of it. Also, while Hell’s Kitchen’s thrilling nightlife scene along Ninth Avenue remains as lively as ever, the neighborhood is notably more upmarket than in years past. New high-end lounges and restaurants joining the low-key neighborhood bars and restaurants have been there for some time.
Perhaps most importantly, the value of NYC apartments and homes in Manhattan rose 8%, to an average of $1,105. This, as we all understand at face value, is inconceivably costly. The average price for an Hell’s Kitchen Condo on the island rose to an astounding $1.395 million. That was a 12% expansion in more than 2006 levels. Various bits of proof recommend the market was primarily a seller’s market for most of 2007. For instance, all-cash deals were transacted with much greater regularity than the vast majority of US cities.
One of the most critical trends in the NYC real estate market picked up pace in 2007: A larger and larger share of New York apartments are being sold as condominiums. Just about 55% of all completed deals in Manhattan this year involved condos. Similarly, condos experienced an average price increase of 9%, compared to 3% for apartments in co-op owned buildings.
Quite a bit of this difference in cost increments originated from the ascent of the extravagance luxury condo. Numerous such new condominiums that made advances available in 2007 just because they are in new structures planned by a portion of the world are leading architects. Hell’s Kitchen Condominium is a diverse and improving neighborhood, filled with off-Broadway theaters, ethnic restaurants, independent shops and bakeries, and tree-lined streets filled with traditional brownstones and townhomes (regularly utilized in TV and film to portray “true” New York City).