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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan · New York, NY
136 active listings · Median $2.8M
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A condo-dominant submarket with moderate rent growth, rising sale prices, and sale listings sitting longer than a year ago.
Median asking rent in Flatiron is $6,193/month, $186 below the 5-year high set in Oct 2025. Rents are up +2.4% year over year and +42.2% over the past 5 years. Median sale price is $2.76M, near a 5-year high. Sale listings are clearing 53 days slower than at this point last year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Mar 2026.
The Flatiron District is a busy intersection of history, technology, and luxury living. Named after the iconic Flatiron Building, the neighborhood is centered around Madison Square Park and is a hub for the city's 'Silicon Alley.' The real estate market is famous for its grand cast-iron loft buildin...
Stations: 34 St-Herald Sq (0.61 mi), 34 St-Penn Station (0.67 mi)
Midtown: 17 min (B express from 34 St-Herald Sq)
| School | Grades | Dist |
|---|---|---|
| NYC Lab School for Collaborative Studies | 6-12 | 0.56 mi |
| NYC Lab School for Collaborative Studies | 6-12 | 0.56 mi |
| East Side Community High School | 9-12 | 0.93 mi |
Live data from REBNY/RLS. Updated every 15 minutes.
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Based on active listings in Flatiron
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Properties in Flatiron
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 1/1/1970.
Experience across NYC
Transactions closed
Active in Manhattan
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Flatiron buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
LA buyers moving to NYC discover that eliminating a car saves $12,000-$15,000 a year, which covers most of the mortgage premium on a NYC co-op or condo. Here is how the math actually works.
LA buyers moving to NYC discover that eliminating a car saves $12,000-$15,000 a year, which covers most of the mortgage premium on a NYC co-op or condo. Here is how the math actually works.
The median sale price in Flatiron is $2.8M. Condos sit at a median of $3.6M and co-ops at $1.8M. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.
Yes. The median sale price in Flatiron sits within a few percent of the 5-year high. Pricing is firm and listings priced near the comparable median tend to clear with limited room for negotiation.
Sale listings in Flatiron have a median of 107.5 days on market. That is 53 days slower than the same point a year ago. Roughly 12.7% of active listings have recorded a price cut, suggesting some negotiating room.
Flatiron is currently tilting toward buyers. Median days on market is 107.5 days and roughly 12.7% of active listings have recorded a price cut, both indicating room to negotiate.
Flatiron offers both co-ops and condos. Condos are the higher-priced segment at a $3.6M median, with co-ops at $1.8M.
Roughly 16 homes change hands each month in Flatiron across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Flatiron is $6,193/month. Live RLS listings show studios at $4,400, 1-bedrooms at $6,900, 2-bedrooms at $9,200, 3+ bedrooms at $22,250 per month. Rents are up 2.4% year over year.
Median asking rent in Flatiron is currently $186 below the 5-year high set in October 2025. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Flatiron has risen 42.2% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Flatiron, median sale prices range across Chelsea at $1.3M, Gramercy Park at $1.2M, Midtown South at $850K, Stuyvesant Town/PCV at $0. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Flatiron is served by the 1, 2, 3, B, D, F, M, N, Q, R, W trains. The commute to Midtown Manhattan runs roughly 17 minutes from 34 St-Herald Sq.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Flatiron, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: [email protected].
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Licensed Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Flatiron, I will guide you every step of the way.
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