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Flatiron District

Flatiron District

4.0
$2,384,283 Average Value
$1,793 Average Price per Sq Ft
95 Homes For Sale

A central location with some of the city’s best shopping and dining

Located in midtown Manhattan, the Flatiron District is a lively central area known for its excellent shopping, dining and cultural attractions. Anchored by landmarks like the Flatiron Building and Madison Square Park, the neighborhood features parks, galleries, museums, and diverse shops and restaurants that add to its cultural richness. While the cost of living here is higher than in many other Manhattan neighborhoods, residents benefit from prime access to superb public transit and unparalleled walkability. Blending historic charm with modern energy, the Flatiron District stands out as one of New York City’s most dynamic and desirable areas, offering a unique mix of culture, convenience and urban excitement.

The iconic Flatiron Building is at the heart of the Flatiron District.
The iconic Flatiron Building is at the heart of the Flatiron District.
Beaux Arts Masterpieces offers multi-bedroom apartments in the Flatiron District.
Beaux Arts Masterpieces offers multi-bedroom apartments in the Flatiron District.
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From loft living to new construction at One Madison

The Beaux-Arts and Renaissance revival architecture of the early 20th century is part of the area’s charm, contrasting with the new high-rises and modern condos that have been built over the last decade-plus. Many buyers are drawn to move-in-ready new construction, says Lois Planco, a Compass agent who has lived in the district for over 20 years. Projects include 55 West 17th, or One Madison, where a three-bedroom unit costs around $8 million. The Flatiron District also offers loft spaces, with a renovated three-bedroom unit in a co-op building priced at about $3 million. One-bedroom units start at around $700,000, and studios cost around $400,000. The area also has townhouses beginning at around $10 million. In a few years, buyers can live in the Flatiron Building itself, which is set to be converted to about 40 luxury residences. "Buildings that exist there are pretty much the way they will be forever," says broker Leonard Steinberg of Compass. "And the area, which was once pretty much 100% commercial, has, over the past two decades, slowly but surely shifted to a vast percentage being residential now." Steinberg adds that the Flatiron District's building height restrictions protect the light, especially in the heart of Manhattan. "Having quality of light year-round, with 12- to 14-story buildings instead of 80 stories has value to some people," he says. "The height restriction is something that people truly appreciate when living there."

142 5th Avenue in the Flatiron District has a charming exterior to match its apartments.
142 5th Avenue in the Flatiron District has a charming exterior to match its apartments.
In the Flatiron District, a three-bedroom unit in the One Madison can cost around $8 million.
In the Flatiron District, a three-bedroom unit in the One Madison can cost around $8 million.
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Historic shopping district creates a dynamic experience

The Flatiron District has long been a shopping destination, famously known at the end of the 19th century as the luxury retail hub dubbed the Ladies’ Mile. Today, clothing stores line Fifth Avenue, while quirky spots like the bespoke home goods store Fishs Eddy add character along the cross streets. The district also houses over 100 health and wellness businesses, ranging from salons to pilates studios: "Of all the neighborhoods in the world, this neighborhood has more health and beauty-related aspects than any other," Steinberg says. For fans of the wizarding world, Harry Potter New York sits across from Madison Square Park. Everyday essentials are easy to find too, with Whole Foods and Trader Joe’s nearby, plus the Union Square Greenmarket open four days a week for fresh produce and local goods.

Hogwarts fans from all over come to Harry Potter New York in the Flatiron District.
Hogwarts fans from all over come to Harry Potter New York in the Flatiron District.
Fishs Eddy has an eclectic selection of flatware, dishes and glasses in the Flatiron District.
Fishs Eddy has an eclectic selection of flatware, dishes and glasses in the Flatiron District.
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Diverse restaurants add to the local culture of Flatiron

Dining options also abound in this commercial neighborhood. When it comes to food, Planco notes that “there’s a restaurant on every corner of every block.” The neighborhood boasts the original Shake Shack, a beloved burger joint created by chef Danny Meyer, alongside his more formal establishments like Union Square Café and Gramercy Kitchen. Other culinary highlights include:


  • The Italian food mecca Eataly
  • The plant-based Michelin-starred Eleven Madison Park
  • The quaint diner S&P Lunch
From casual bites to world-class dining, Flatiron offers something for every palate.

Flatiron District has trendy cafes for locals to drop in, like Ralph's Coffee.
Flatiron District has trendy cafes for locals to drop in, like Ralph's Coffee.
People can get an authentic diner experience at S&P Lunch on 5th Avenue in the Flatiron District.
People can get an authentic diner experience at S&P Lunch on 5th Avenue in the Flatiron District.
The Danish bakery Ole & Steen is a Flatiron District favorite for pastries.
The Danish bakery Ole & Steen is a Flatiron District favorite for pastries.
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Public green spaces at Madison Square Park and Union Square Park

Madison Square Park, across from the Flatiron Building, is another popular landmark and draw of the district. “The neighborhood starts with Madison Square Park and runs through Union Square Park. A city is as valued as its greenery, and this area is adding green spaces,” Planco says. Providing more than 6 acres of green space, the park has a dog run and walking paths, and its seasonal public art installations make it a destination for many New Yorkers. Union Square Park has lawns and benches, and in recent years, several pedestrian plazas have been carved out along Broadway. In December, Union Square Holiday Market sets up shop in the park. Stands offer everything from sweets to handmade soaps. "It's the best in the city," Planco says.

Locals can eat out at the Shake Shack food court in Madison Square Park by the Flatiron District.
Locals can eat out at the Shake Shack food court in Madison Square Park by the Flatiron District.
The dog park in Madison Square Park by the Flatiron District is one of the city's most popular.
The dog park in Madison Square Park by the Flatiron District is one of the city's most popular.
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Convenient subway options at Union Square

The Flatiron District offers some of the best transportation access in Manhattan, making it easy to navigate the city. Multiple subway lines serve the neighborhood:

  • The N, Q, R, W trains along Broadway
  • The 4, 5, 6 trains on Lexington Avenue
  • The L line is just a short walk away at Union Square
These connections provide quick routes uptown, downtown and across boroughs. Frequent bus service, including local and express buses like M1 and M3, adds even more flexibility and bridges the gaps not covered by subways. The neighborhood also boasts a perfect Walk Score and Transit Score.

Union Square has 3 train lines stopping at the station in the Flatiron District.
Union Square has 3 train lines stopping at the station in the Flatiron District.
Riding the subway is the main way locals in the Flatiron District get around the city.
Riding the subway is the main way locals in the Flatiron District get around the city.
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Christina von Claparede-Crola
Written By
Christina von Claparede-Crola
Joseph DiBlasi
Photography Contributed By
Joseph DiBlasi
Tyler Newbold
Video By
Tyler Newbold

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Laguardia

20 min drive

Train

23 St (Path)

Subway

14 Street-Union Square

Subway

23 Street (N,R Line)

Bus

Av Of The Americas & W 20 St

Bus

Av Of The Americas & W 15 St

Bus

E 14 St & Union Sq W

Bus

W 23 St & 6 Av

Bus

5 Av & W 23 St

Bus

5 Av & W 20 St

Bus

W 14 St & 5 Av

Reviews

Niche Reviews
4.0 4 Reviews
5.0 Current Resident
3/1/2020 Niche Review
I love it here - it's an all around amazing location. Great food, views, and energy. Would love to retire here, it's wonderful.
Are you familiar with the Flatiron District neighborhood? to let others know what life in this neighborhood is like.

Crime and Safety

1 - Low Crime, 10 - High Crime Flatiron District US
Homicide 5 4
Sexual Assault 5 4
Assault with Weapon 5 4
Robbery 3 4
Burglary 6 4
Motor Vehicle Theft 5 4
Larceny 3 4
Crime Score 3 4

Source: WhatIsMyCrimeRisk.com

Neighborhood Facts

Number of Homes
1,416
Number of Homes for Sale
95
Median Year Built
1964
Months of Supply
9.70
Average Single Family Home Size Sq Ft
2,565
Above the national average
1,931
Average 2 Bedroom Size Sq Ft
1,635
Average 1 Bedroom Size Sq Ft
936
Average Studio Size Sq Ft
527
Median Lot Size Sq Ft
5,662

Open Houses

  • Wednesday, Apr 8
    5 - 6:30pm

    17 E 16th St Unit 12 A&B, New York, NY 10003

    $6,000,000

    • 3 Beds
    • 2 Baths
    • 17 E 16th St
    • Unit 12 A&B
    • New 19 days ago

    Rare Loft Opportunity | Union Square Full-Floor Penthouse w/ Private Roof Decks | Landmarked Building | 4,300sf | $6,000,000 An extraordinary opportunity awaits in the heart of Union Square— the full floor Penthouse of a landmarked building, featuring a sprawling 4,300sf loft and your own double 1,386sf private outdoor roof decks. Currently half the floor operates as a home and the other half

    Christopher Breslin Compass

    Section Image

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Condo Buildings

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Rental Home Trends

Number of Homes for Rent
20
Median Rent
$5,400
Median Single Family Home Rent
$7,450
Median Townhouse Rent
$5,800
Median 3 Bedroom Townhouse Rent
$22,320
Median Condo Rent
$6,548
Median 2 Bedroom Condo Rent
$14,430

Demographics

Total Population
12,352
Median Age
39
Population Density
115 ppl/acre
Population under 18
17.3%
Below the national average
23.8%
Population over 65
17.3%
On par with the national average
19.1%

Finances

Median Household Income
$159,049
Significantly above the national average
$79,601
Average Household Income
$177,805

Education and Workforce

High School Graduates
97.3%
College Graduates
89.9%
Significantly above the national average
34.1%
Advanced Degrees
46.2%
Significantly above the national average
13.3%
% Population in Labor Force
71.3%

Weather

Annual Precipitation
50''
Average Winter Low Temperature
28°F
Average Summer High Temperature
85°F
Annual Snowfall
18''

Area Factors

Moderately friendly

Bike Score®

70 / 100

Exceptionally friendly

Walk Score®

100 / 100

Exceptionally friendly

Transit Score®

100 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Flatiron District