Flatiron.

Flatiron's active market carries 223 listings at a median ask of $2,495,000 and $1,783.93 per square foot, with inventory sitting at a median of 74 days before going to contract. That DOM figure runs roughly 15–20 days longer than comparable stretches in Gramercy Park and Nomad, where sub-60-day absorption has been the norm for similarly priced product, reflecting a market where buyers at this price point apply meaningful diligence before committing. The six active loft listings and six new-construction listings together represent a thin slice of the 223 total, confirming that the bulk of available supply is resale in existing residential conversions — a structural characteristic of a neighborhood whose housing stock tilts heavily toward pre-war and mid-century loft buildings rather than purpose-built condominiums.

ACRIS records 180 deeds recorded in the trailing 12 months at a median closed price of $2,887,500 — a $392,500 premium over the current median ask, a spread that reflects either compositional differences between what sold and what is presently listed, or asking-price compression on units that have remained active through multiple price reductions. Among the buildings generating the most ACRIS-verified volume, 32 West 39th Street led with 11 closings at a median of $14,598,660, a figure that skews the building-level data significantly and signals large-format product rather than typical one- or two-bedroom turnover. 260 Park Avenue South recorded 8 closings at a $2,620,000 median, sitting close to the neighborhood's overall closed-sale center of gravity, while 5 East 22nd Street posted 7 closings at $1,830,000 — the most accessible price point in the leaderboard and roughly in line with the entry tier for the submarket. Notably, none of the six buildings with the highest closing volume currently carry active inventory, meaning the addresses driving transaction velocity are entirely absent from today's listed supply. That dynamic concentrates buyer competition, when it materializes, on a separate and largely distinct pool of assets from those driving the recorded deed count — a divergence worth tracking as the active cohort continues to season at 74-day median exposure.