Manhattan · Downtown
Flatiron
Loft co-ops and condos in the former department stores of Ladies’ Mile, between Union Square and Madison Square.
- $2.27MMedian sale price, last 12 months
- 200Recorded sales, last 12 months
- 37%Of homes in pre-war buildings
- 8Subway lines with stations in the area
About Flatiron
Flatiron, as covered here, runs from 14th Street up to 25th Street, east of Sixth Avenue toward Park Avenue South. It sits between Union Square to the south and Madison Square to the north.
The neighborhood takes its name from the Flatiron Building, completed in 1902 where Fifth Avenue and Broadway cross at 23rd Street. In the late 19th century, Broadway, Fifth and Sixth Avenues here were lined with department stores, the shopping district known as Ladies’ Mile. Their cast-iron and masonry buildings now form the Ladies’ Mile Historic District, designated in 1989, which covers about two-thirds of the neighborhood’s tax lots.
Most of those commercial and loft buildings were converted to apartments from the 1970s on, and newer condominiums have been added since. The Union Square Greenmarket runs four days a week at the southern edge.
Landmarks Preservation Commission historic districts in the neighborhood include the Ladies’ Mile Historic District. Exterior changes to buildings inside a historic district need Commission approval, which is worth knowing before buying a townhouse or planning a renovation. Check any address on the LPC designations map.
Flatiron market report
From October 2025 through September 2026, NYC Department of Finance records show 200 home sales in Flatiron, with a median price of $2.27M. Half of those sales fell between $1.29M and $3.45M.
The total breaks down as 81 co-op sales, 118 condo sales and 1 sale of 1–3 family houses.
The overall median is higher than in the previous 12 months, but the co-op and condo medians moved much less (co-ops +53.2%, condos +11.6%). Most of the change in the overall figure comes from which homes happened to sell, so we don’t read it as a price trend.
The co-op median rose 53.2% year on year, on 81 sales. A swing that size usually reflects which apartments sold, not a change in what comparable apartments are worth.
| Type | Sales | Median | Middle half of sales | Median vs. prior year |
|---|---|---|---|---|
| Co-ops | 81 | $1.49M | $829K – $2.50M | +53.2%* |
| Condos | 118 | $2.79M | $1.82M – $4.14M | +11.6% |
| 1–3 family houses | 1 | Too few sales | — | — |
* Large change on a limited number of sales; see the note above.
Source: NYC Department of Finance rolling and annualized sales, October 2025 – September 2026, compared with October 2024 – September 2025. Residential sales of $100,000 or more; bulk and duplicate records removed. Recent months may be incomplete because sales appear as deeds are recorded. Area covered: NYC Planning area MN0501, 14th to 25th Street, east of Sixth Avenue. Updated quarterly.
Homes in Flatiron
Apartments here are mostly in converted loft and office buildings, with high ceilings and large windows. Condos made up about 60% of recorded sales in the last 12 months; co-ops, many of them loft conversions, made up most of the rest. Flatiron has very few townhouses.
- HomesAbout 8,000 residential units
- Age37% of units are in buildings from before 1940 (10% before 1900); 19% are in buildings from 2000 or later
- Building types59% in elevator apartment buildings, 34% in condominiums, 4% in walk-up apartment buildings
- Co-op buildings57
- Condo buildings66
- Townhouses and small buildings5 (1–4 units)
Building data from NYC Department of City Planning PLUTO. Counts are approximate.
Getting around
The R and W stop at 23rd Street on Broadway, the 6 at 23rd Street on Park Avenue South, and the F and M at 23rd Street on Sixth Avenue. Union Square, at 14th Street, connects the 4, 5, 6, L, N, Q, R and W, and the PATH to New Jersey stops along Sixth Avenue at 14th and 23rd Streets.
Stations in the neighborhood
- 23 StRW
- 23 StFM
- 23 St-Baruch College6 Accessible
- 6 AvL Accessible
- 14 St-Union Sq456
Stations from the MTA’s station list. Plan a specific trip with the MTA trip planner.
Parks
Madison Square Park, at 23rd Street, and Union Square Park, at 14th Street, bracket the neighborhood. Both have playgrounds and dog runs.
- Union Square Park6.5 acres
- Madison Square Park6.2 acres
NYC Parks properties in or next to the neighborhood. Areas from NYC Parks.
School district
Flatiron is in NYC Community School District 2. Public school zoning is set address by address and can change from year to year, so check any specific address with the Department of Education before you rely on it.
The Garson Team in Flatiron
The Garson Team’s Flatiron sale shown here was at 30 West 15th Street, a 1908 loft building converted to a co-op.
Nearby neighborhoods
Buying or selling in Flatiron?
Talk to Ryan Garson and The Garson Team about recent sales, buildings and pricing in Flatiron.
Contact The Garson Team About Ryan Garson
Ryan Garson, Licensed Associate Real Estate Broker. The Garson Team is affiliated with Compass, a licensed real estate broker, 110 5th Ave, 3rd Floor, New York, NY 10011. Equal Housing Opportunity.