Business is booming along Fifth Ave. in Midtown NYC – but community is wary of Mamdani admin’s redesign plans

Fifth Avenue’s prime Midtown shopping stretch between East 40th and East 61st streets is the city’s no. 1 generator of office and retail property taxes compared to any similar set of blocks — a whopping $1.53 billion every year, according to the Fifth Avenue Association business-improvement district.

Fifth Avenue’s prime Midtown shopping stretch between East 40th and East 61st streets is the city’s no. 1 generator of office and retail property taxes compared to any similar set of blocks — a whopping $1.53 billion every year, according to the Fift… [3661 chars]

Source: New York Post | Published: 2026-06-16T23:06:01Z

Credit: New York Post