Flatiron surrounds the iconic Madison Square Garden.
Named after the famed Flatiron Building, explore Flatiron District real estate!
The Flatiron District is a neighborhood located in Manhattan, New York. Flatiron surrounds the iconic Madison Square Garden. Its central location allows easy access to most of Manhattan and is bustling with activity.
Named for the legendary Flatiron Building, the Flatiron District used to be known as the Toy District due to its numerous toy and clothing manufacturers. The area is now known as a hotspot for publishers and advertising agencies, which has earned it the nickname “Silicon Alley.”
Because it’s primarily a commercial district, the housing market is highly competitive in Flatiron. That being said, the limited openings have given way to new high-rises popping up in the area. These newer luxury high-rises have all the amenities you could want: pools, gyms, and more for residents only. Housing can start from mid-$700K condos to multimillion-dollar apartments.
The atmosphere of the Flatiron District is fast-paced and exciting — the perfect environment for those who love bustling city life. At night, the traffic slows down, and the area is more serene, so there’s plenty to enjoy about both day and nighttime living.
Due to its long history of being a bustling manufacturing district, Flatiron is perfect for young professionals. Young entrepreneurs can also cut their teeth here — Flatiron is a great place for businesses to flourish. Families can also find a great place to live amongst the young professionals and bustling city life. If you would like to start your home search in the Flatiron real estate market, contact Monica Novo and the team today!
There is plenty to do in Flatiron, as it is one of the most well-known shopping districts in the world. Flatiron also possesses some of 5th Avenue’s designer brand line-up.
Among the lineup of stores along 5th Avenue are popular brands like lululemon athletica, the international brand for athletic apparel, and Anthropologie, which sells a variety of items including clothes, decor, and jewelry. If you venture off the main road, you can find a variety of local boutiques and other shops.
When you’re looking for the perfect bite to eat, there are a variety of restaurants. Try stopping by Eataly, a famous New York City Italian chain. Or try Union Square Cafe, a beloved favorite of the area for over 30 years. Union Square Cafe has a variety of soups, salads, steaks, and more.
Aside from all the incredible options listed above, there is still a variety of things to do besides dining and shopping. The following are great options for anybody living in or visiting the area.
One of the most infamous performance venues in the world is located in the Flatiron District: Madison Square Garden. Renowned for hockey, basketball, and concerts, Madison Square Garden has an event for everyone to enjoy. Gramercy Theatre is a music venue owned and operated by Live Nation, the global entertainment giant.
If you’re looking for something educational or natural, there’s something for you to do in Flatiron. Check out The National Museum of Mathematics, which has amazing exhibits that show how math works in the real world. You could also check out Madison Square Park, which hosts a variety of events throughout the year, as well as offers art installations and green space.
Homes in the Flatiron real estate market are served by several excellent schools. Top educational opportunities include:
1. What is the current state of the Flatiron District housing market?
Flatiron District's real estate market has exhibited steady growth with recent data for June 2024 suggesting a possible stabilization in median sale prices compared to the previous year's peak. Inventory levels might have also seen a modest increase, offering more options for prospective buyers. The market remains competitive, particularly for desirable properties with outdoor space, such as private gardens or balconies, or those in prime locations close to the park or trendy Fifth Avenue.
2. What types of properties are available in Flatiron District?
Brownstones are the quintessential Flatiron District property, offering a unique blend of history and charm. These range from single-family homes with spacious layouts to elegant parlor floor apartments. Pre-war walk-up buildings and boutique condominium developments also contribute to the housing landscape, catering to a wider range of budgets and lifestyles. The availability of single-family homes for new construction is limited due to the historic nature of the neighborhood.
3. What are the advantages of living in Flatiron District?
Beyond the undeniable allure of historic brownstones, charming tree-lined streets, and a vibrant community atmosphere, Flatiron District offers a plethora of advantages. Madison Square Park provides a central green space for relaxation and recreation, while Fifth Avenue and side streets cater to diverse needs with trendy shops, cafes, and restaurants. The excellent public schools and overall safe environment solidify the area's appeal for families. With multiple subway lines offering quick access to all of Manhattan, residents enjoy the best of both worlds: a charming neighborhood and easy commutes to the excitement of New York City.
4. What are some things to consider before buying in Flatiron District?
The cost of living in Flatiron District is generally higher compared to other Manhattan neighborhoods. Real estate prices reflect this exclusivity, making homeownership a significant investment. Limited on-street parking can be a challenge, and car ownership might not be necessary for residents who rely on the extensive public transportation network. Brownstones, while charming, can require ongoing maintenance, and some may lack modern amenities.
5. Is Flatiron District a good place to raise a family?
Flatiron District offers a safe and nurturing environment for families with access to well-regarded public schools. The presence of Madison Square Park and a strong sense of community create a positive backdrop for children. However, the higher cost of living, limited availability of single-family homes with large backyards, and the potential for cramped living spaces in brownstones might be a consideration for some families. Ultimately, the suitability depends on individual family needs and lifestyle preferences.
51,867 people live in Flatiron, where the median age is 42.8 and the average individual income is $128,053. Data provided by the U.S. Census Bureau.
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Flatiron has 29,222 households, with an average household size of 1.69. Data provided by the U.S. Census Bureau. Here’s what the people living in Flatiron do for work — and how long it takes them to get there. Data provided by the U.S. Census Bureau. 51,867 people call Flatiron home. The population density is 80,096.66 and the largest age group is Data provided by the U.S. Census Bureau.
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