The address 541 Lexington Avenue, New York, NY 10022, United States, is located in the heart of Manhattan, specifically within the Midtown East neighborhood. This area is known for its vibrant business community, eclectic dining options, and proximity to iconic New York City landmarks. The intersection of Lexington Avenue and East 49th Street places it near Grand Central Terminal, a major transportation hub, and within walking distance to the United Nations Headquarters.
Neighborhood Overview
Midtown East, where 541 Lexington Avenue is situated, is a bustling area that combines residential, commercial, and diplomatic spaces. It’s characterized by a mix of pre-war and modern skyscrapers, including office buildings, hotels, and residential high-rises. The neighborhood is also home to a variety of restaurants, cafes, and shops, catering to both locals and the large influx of daily commuters and tourists.
Demographics and Economy
The demographics of the area are diverse, reflecting the global nature of New York City. The neighborhood attracts a wide range of professionals, including those in finance, law, diplomacy, and media, due to its central location and accessibility. The local economy is robust, driven by the service sector, retail, and hospitality industries. The presence of the United Nations adds a unique international dimension to the area, with many diplomatic missions and international organizations having offices nearby.
| Category | Data |
|---|---|
| Median Household Income | $83,509 (according to 2020 estimates) |
| Population Density | Approximately 70,000 people per square mile |
| Average Home Price | $999,000 (as of 2022) |
Infrastructure and Accessibility
One of the significant advantages of 541 Lexington Avenue is its accessibility. The location is served by several subway lines, including the 4, 5, 6, and 7 trains at Grand Central Terminal, just a few blocks away. This provides easy access to all parts of Manhattan, as well as connections to the other boroughs and suburban areas. Additionally, the area is well-covered by bus routes and has ample taxi services, making it convenient for residents, workers, and visitors alike.
Health and Education
For health services, the neighborhood is close to several major hospitals, including NewYork-Presbyterian Hospital and NYU Langone Medical Center. In terms of education, while there may not be schools directly on Lexington Avenue, the area is within the district of several highly rated public and private schools, serving the educational needs of local families.
Key Points
- The location at 541 Lexington Avenue offers unparalleled accessibility due to its proximity to Grand Central Terminal.
- The neighborhood's economy is diverse, with a strong presence of international organizations and businesses.
- Demographically, the area is characterized by a high population density and a median household income reflective of its central Manhattan location.
- Infrastructure includes a comprehensive public transportation system, proximity to major hospitals, and access to quality educational institutions.
- The unique international flair, courtesy of the United Nations' presence, adds a distinctive dimension to the area's cultural and professional landscape.
Real Estate and Development
The real estate market in Midtown East is highly competitive, with a mix of older buildings and newer constructions. The area has seen significant development in recent years, with an emphasis on luxury residential properties, upscale retail spaces, and modern office buildings designed to meet the needs of contemporary businesses. The redevelopment of the Grand Central Terminal area and the rezoning of Midtown East have further accelerated these trends, positioning the neighborhood for continued growth and transformation.
Sustainability Initiatives
There is a growing focus on sustainability in the development and management of properties in Midtown East. This includes the incorporation of green building technologies, energy-efficient systems, and initiatives to reduce waste and carbon emissions. Such efforts not only contribute to a more environmentally friendly neighborhood but also offer economic benefits through reduced operational costs and enhanced property values.
What are the primary transportation options available near 541 Lexington Avenue?
+The primary transportation options include subway lines (4, 5, 6, 7 trains) at Grand Central Terminal, several bus routes, and ample taxi services.
What is the demographic profile of the Midtown East neighborhood?
+The neighborhood is diverse, with a high population density and a median household income of $83,509, attracting professionals from various sectors including finance, law, and diplomacy.
What sustainability initiatives are being implemented in the area?
+There is a focus on incorporating green building technologies, energy-efficient systems, and reducing waste and carbon emissions in new developments and existing properties.
In conclusion, 541 Lexington Avenue, New York, NY 10022, offers a unique blend of accessibility, economic opportunity, and cultural diversity, making it an attractive location for both businesses and residents. Its position in the heart of Midtown East, with its dynamic mix of international diplomacy, finance, and culture, underscores its significance within the broader New York City landscape.
