The album, described as a love letter to New York and their home town of Manchester, pushed Pharrell Williams' GIRL down to third place.
Paloma Faith's latest album, A Perfect Contradiction, debuted at number two.
Dance anthem Tsunami (Jump) by Canadian duo DVBBS and Miami DJ and producer Borgeous topped the singles chart.
Tsunami, which features rapper Tinie Tempah, was first released in September last year and pushed My Love by Route 94 featuring Jess Glynne down to second place.
It is the fourth number one for Tempah and the first for DVBBS (pronounced Dubbs) and Borgeous.
See the UK Top 40 singles chart
See the UK Top 40 albums chart
BBC Radio 1's Official Chart Show
Tsunami has been number one in Belgium and the Netherlands and in the top 10 in Switzerland, Denmark, France and Sweden.
Pharrell Williams' Oscar-nominated hit Happy was at three while Enrique Iglesias went straight in at four with I'm A Freak.
Other new singles were Flo Rida at number eight with How I Feel followed by Pixie Lott with Nasty at nine.
Kylie Minogue, who is currently a judge on BBC One talent show The Voice, failed to make the top 10 with Into the Blue, which debuted at 12.
Other new additions to the top 40 album chart include Metronomy's Love Letters at number seven, while 1970s American rockers Dr Hook made it to number 11 with Timeless, a 40-track collection of chart hits and love songs.
Dr Hook lead singer and guitarist Dennis Locorriere said: "A lot of love has gone into creating this collection and it's great to know the UK fans are enjoying listening to the songs as much as I enjoyed putting the album together."
Alternative rock band Elbow have gone straight to number one in the album chart with their sixth offering, The Take Off And Landing Of Everything.