Tom Cruise and Katie Holmes are set to move to New York.

The Hollywood couple -- who recently held a star-studded housewarming party to celebrate moving into their new US$35 million Beverly Hills mansion - will buy an apartment in Manhattan while Katie prepares to make her Broadway theatre debut in 'All My Sons'.

The show's producer Eric Falkenstein said: "Katie and Tom are committed to keeping the family together, so they have to get an apartment here in New York."

Eric believes Katie - who has a two-year-old daughter Suri with Tom - is perfect choice to play Ann in the stage adaptation of Arthur Miller's play.

He said: "Katie is not a celebrity type. She has done brilliant work in films like 'Pieces of April' and 'The Ice Storm'. "Ann starts out as a simple, sweet, average Midwesterner, and by the finale gets up the gumption to stand and confront what's wrong.

"Katie is perfect, she is a natural sweetheart who can sniff out phonies ... Katie basically has that exact moral fibre [of her character in the play]."

Eric also revealed how down-to-earth the former 'Dawson's Creek' actress was when she first arrived for rehearsals.

"When she signed on, she came here to a bare rehearsal room for a read- through. She didn't ask for anything. She was just sweet and deferential," he added.

Katie makes her Broadway debut in October for a 16-week run.