Thanks to its central location and surplus of subways, Flatiron is a desirable neighborhood that offers some of the best New York attributes. Emerging from a mostly commercial real estate area in the 1980’s, Flatiron is now a residential target for many buyers. The atmosphere includes both professionals and residents, and has a great mix of dining, fitness studios and cultural history. The market activity in this neighborhood provides data that further proves why this is such a desirable location for so many.
From 2021 through February 2022, there have been 325 closed sales, with 28% priced under $1M, 49% priced between $1-3M, 20% priced between $3-8M, 2% priced between $8-12M, and the remaining 1% priced over $12M.
The RLS reports 100 currently active listings on the market, of which 14% are listed below $1 million, 41% are listed between $1 – $3 million, 34% are listed between $3 – $8 million, 6% are listed between $8-$12 million, and 5% listed above $12 million. The median asking price in the Flatiron area range from $1.92 million for co-ops, $3.15 million for condos, and $12.9 million for townhomes in the area.
The rental market in Flatiron area currently has 29 available listings with a median price of $7,500.
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