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Fifth Avenue is a major thoroughfare in the center of the borough of
Manhattan in New York City, USA. For the ninth year in a row, as of
September 2010, the section of Fifth Avenue between 49th Street and 60th
Street has been ranked as the most expensive shopping street in the world.
Fifth Avenue serves as a symbol of wealthy New York and is consistently
ranked as one of the most expensive streets in the world. The "most
expensive street in the world" moniker changes depending on currency
fluctuations and local economic conditions from year to year. For several
years starting in the mid-1990s, the shopping district between 49th and 57th
Streets was ranked as having the world's most expensive retail spaces on a
cost per square foot basis. In 2008, Forbes magazine ranked Fifth Avenue as
being the most expensive street in the world.
Fifth Avenue originates at Washington Square Park in Greenwich Village and
runs northwards through the heart of Midtown, along the eastern side of
Central Park, where it forms the boundary of the Upper East Side and through
Harlem, where it terminates at the Harlem River at 142nd Street. Traffic
crosses the river on the Madison Avenue Bridge. Fifth Avenue serves as the
dividing line for house numbering in Manhattan. It separates, for example,
East Fifty-ninth Street from West Fifty-ninth Street. From this zero point
for street addresses, numbers increase in both directions as one moves away
from Fifth Avenue, with 1 West Fifty-ninth Street on the corner at Fifth
Avenue, and 300 West Fifty-ninth Street located three blocks to the west of
it.
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