Gramercy/Flatiron/Nomad Real Estate Market

As of May 2025, the Gramercy, Flatiron, and NoMad neighborhoods collectively offer a distinguished slice of Manhattan real estate, each bringing its own character and appeal. Gramercy remains beloved for its serene, historic charm and exclusive park access, while Flatiron captivates with its iconic architecture, lively dining scene, and boutique residences. Just north, NoMad (North of Madison Square Park) has rapidly evolved into a hotspot for luxury living, blending sleek high-rises with restored pre-war buildings. The real estate market across these neighborhoods is thriving, with homes for sale ranging from elegant co-ops and classic brownstones to cutting-edge condos with top-tier amenities. This trio of neighborhoods continues to attract buyers who value a blend of sophistication, convenience, and cultural vibrancy in the heart of Manhattan.

$787K

Median Sale Price

$1,346

Median Price/Sqft

38

No. of Transactions

Gramercy/Flatiron/Nomad Real Estate FAQ's

These Manhattan neighborhoods offer a diverse range of housing options. You’ll find classic pre-war co-ops, luxury high-rise condominiums, modern lofts, and historic brownstones. Gramercy tends to feature more traditional residences, while Flatiron and NoMad often include upscale condos in newly developed or converted buildings with full-service amenities.

The market in these neighborhoods remains competitive, with strong demand driven by their central location, access to amenities, and architectural charm. Inventory levels can fluctuate, but there has been a steady interest in both resale and new development properties, especially those offering outdoor space and premium finishes. Pricing trends generally reflect the luxury nature of the area, with gradual appreciation over time.

Prices vary depending on the type of property and specific location. As of recent data, one-bedroom condos typically range from $1 million to $2 million, while larger two- and three-bedroom units can exceed $3 million. Penthouses and townhomes may reach well above $5 million, especially in new developments with premium amenities.

Each neighborhood offers its own appeal. Gramercy is known for its quiet, tree-lined streets and exclusive Gramercy Park. Flatiron is vibrant and central, with easy access to shopping, dining, and Madison Square Park. NoMad is trendy and upscale, with a growing mix of boutique residences, luxury hotels, and nightlife. The "best" area depends on your lifestyle, space needs, and proximity to work or schools.

Consider the type of building (condo vs. co-op), monthly maintenance or common charges, potential resale value, and whether the neighborhood fits your lifestyle. Also, evaluate nearby amenities, noise levels, and access to transportation. It's essential to work with an agent who knows the nuances of each area and can guide you through board approvals or new development purchases.

To find a reliable real estate agent in Gramercy, Flatiron, and NoMad, you can start by exploring online platforms. Additionally, you may consider reaching out to Eileen Robert, a reputable real estate broker known for her proficiency in Gramercy, Flatiron, and NoMad real estate market. You can contact her directly for personalized assistance and guidance in your real estate endeavors.

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