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Flatiron District

Flatiron District

Neighborhood Reviews
4.0
$2,428,324 Average Value
$1,896 Average Price per Sq Ft
81 Homes For Sale

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

The Flatiron District is a vibrant, bustling neighborhood in downtown Manhattan. It takes its name from the 22-story, triangular-shaped Flatiron Building on Fifth Avenue, and the Beaux-Arts and Renaissance revival architecture of the early 20th century is part of the area’s charm. Its central location allows residents easy access to the city and offers a range of shopping and dining options, from casual to upscale. Parks are another draw. “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,” says Lois Planco, a Compass agent who has lived in the district for over 20 years.

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 offer mulit-bedroom apartments in the Flatiron District.
Beaux Arts Masterpieces offer mulit-bedroom apartments in the Flatiron District.
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Historic shopping district with a Harry Potter store

The Flatiron District has long been a shopping destination, known at the end of the 19th century as a luxury retail destination dubbed the Ladies’ Mile. Today, clothing stores line Fifth Avenue, and funky spots like bespoke home goods store Fishs Eddy can be found along the area’s cross streets. Harry Potter New York is across from Madison Square Park and is a must for Hogwarts fans from all over. There’s a Whole Foods and a Trader Joe’s in the area, and the Union Square Greenmarket is open four days a week. In addition, “there’s a restaurant on every corner of every block,” Planco says. That includes the first Shake Shack, a burger joint helmed by chef Danny Meyers, as well as his more formal eateries, Union Square Café and Gramercy Kitchen. There’s also the Italian food mecca Eataly, plant-based Michelin-starred Eleven Madison Park and Veronika, which serves up European classics with a twist above Fotografiska, a contemporary photography museum.

Hogwarts fans from all over come to Harry Potter New York in Flatiron District.
Hogwarts fans from all over come to Harry Potter New York in 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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From loft living to new construction at One Madison

Many buyers are drawn to move-in-ready new construction, Planco says. 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 $500,000. The area also has townhouses beginning around $10 million. In a few years, buyers can live in the Flatiron Building, which is set to be converted to about 40 luxury residences.

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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Art installations at Madison Square Park

Madison Square Park, across from the Flatiron Building, provides more than 6 acres of green space to the neighborhood. The park has a dog run and walking paths, and its seasonal public art installations make it a destination for all New Yorkers. Union Square Park has lawns and benches, and in recent years, several pedestrian plazas have been carved out along Broadway. “People can just sit down and lounge, and they run almost park to park,” 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 the perfect place to get some exercise.
The dog park in Madison Square Park by the Flatiron District is the perfect place to get some exercise.
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Highly rated middle school with a dance focus

Students from pre-kindergarten through fifth grade can attend the Sixth Avenue Elementary School. Its hands-on teaching method earns it an A rating from Niche. Young dance enthusiasts can attend A-plus rated Ballet Tech, The NYC Public School for Dance, which gives students in fourth through eighth grades classical dance training alongside their public school curriculum. Manhattan Village Academy High School gets an A minus from Niche and has a student-teacher ratio of 14 to 1.

Education thrives at Union Square's Sixth Avenue Elementary School.
Education thrives at Union Square's Sixth Avenue Elementary School.
Ballet Tech, the NYC public school for dance in the Flatiron District.
Ballet Tech, the NYC public school for dance in the Flatiron District.
Manhattan Village Academy in the Flatiron District is close to Madison Square Park.
Manhattan Village Academy in the Flatiron District is close to Madison Square Park.
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Union Square Winter Market

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.

The Union Square Holiday Market is a unique winter holiday market with 150+ outdoor vendors.
The Union Square Holiday Market is a unique winter holiday market with 150+ outdoor vendors.
Union Square market is a central hub in the Flatiron District on certain days of the week.
Union Square market is a central hub in the Flatiron District on certain days of the week.
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Union Square is a transit hub

The 4, 5 and 6 subways service the neighborhood, while the transit hub of Union Square connects residents to the rest of the city.

Union Square has 3 train lines stopping at the station in Flatiron District.
Union Square has 3 train lines stopping at the station in 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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Leslie Hendrickson
Written By
Leslie Hendrickson
Joseph DiBlasi
Photography Contributed By
Joseph DiBlasi
Jacob McAllister
Video By
Jacob McAllister

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
3.0 Niche User
6/17/2016 Niche Review
Over time, gentrification has occurred in my neighborhood and it has become too expensive to live here.
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 2 4
Sexual Assault 4 4
Assault with Weapon 3 4
Robbery 5 4
Burglary 4 4
Motor Vehicle Theft 2 4
Larceny 5 4
Crime Score 4 4

Source: WhatIsMyCrimeRisk.com

Flatiron District Demographics and Home Trends

Housing Trends

Median List Price
$2,285,000
Median Sale Price
$1,485,000
Median Single Family Sale Price
$2,745,000
Median 2 Bedroom Sale Price
$2,485,000
Median Change From 1st List Price
5%
Last 12 months Home Sales
117
Median Home Sale Price YoY Change
5%
Average Price Per Sq Ft
$1,896

Neighborhood Facts

Number of Homes in Neighborhood
1,311
Number of Homes for Sale
81
Median Year Built
1964
Months of Supply
8.30
Average Single Family Home Size Sq Ft
2,723
Significantly above the national average
1,925
Average 2 Bedroom Size Sq Ft
1,635
Average 1 Bedroom Size Sq Ft
962
Average Studio Size Sq Ft
530
Median Lot Size Sq Ft
5,662

Open Houses

  • Sunday, Sep 14
    1:30 - 2:30pm

    10 W 15th St Unit 726, New York, NY 10011

    $500,000

    • 1 Bath
    • 10 W 15th St
    • Unit 726
    • New 9 days ago

    This bright, south-facing studio offers a well-designed layout that naturally separates the living and sleeping areas, creating a comfortable and versatile home. Oversized windows bring in natural light throughout the day, while four generous closets provide exceptional storage.The Parker Gramercy is one of Flatiron’s most coveted full-service co-ops, offering a 24-hour doorman,

    Agent Photo
    Dylan Hoffman
    Compass
    (833) 368-5854
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  • Sunday, Sep 14
    2 - 3:30pm

    4 W 21st St Unit 16A, New York, NY 10010

    $1,645,000

    • 2 Beds
    • 2 Baths
    • 1,444 Sq Ft
    • 4 W 21st St
    • Unit 16A
    • New 3 days ago

    A Flatiron Jewel: Loft-Like Proportions and Three Exposures4 W 21st Street: Perched high on the 16th floor, this rare and radiant 2-bedroom, 2-bath residence is one of only two of its kind in the building. Spanning 1,444 square feet, the home is wrapped in three exposures - North, East, and South - bathing every room in natural light by day and city lights by night, including a beautiful

    Michael Johnson Compass

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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

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
$71,702
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

Biker's Paradise

Bike Score®

90 / 100

Walker's Paradise

Walk Score®

100 / 100

Rider's Paradise

Transit Score®

100 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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