The most famous cupcake bakery Magnolia Baker is surely the most famous cupcake bakery chain in New York thanks to the Sex and the City television series. In the city there are several shops but the oldest and most famous bakery is located on Bleecker Street. You will see a very welcoming shop with pastel shades and several delights. One of the most famous is the Red Velvet cupcake. Its name comes from the intense red color of the cake. This color is obtained by the combination of cocoa, vinegar and butter that give to the cake a red rust color. Red velvet flavor recalla chocolate. This delicious cake was created in America and is a very popular dessert in New York.