Flatiron.

Flatiron's active inventory sits at 35 listings with a median ask of $2,275,000 and a median $1,785/psf — a relatively thin market by Manhattan standards, where neighborhoods of comparable density and demand such as Tribeca and the West Village routinely carry two to three times the active count. The single new-construction listing and six active loft units represent meaningful product differentiation within that slim pool, with loft product historically commanding premium attention from finance and tech buyers seeking column-free floor plates in the low-to-mid $2M range. Days on market data is not currently available from the active feed, so velocity cannot be assessed from listing-side metrics alone.

ACRIS records 182 deeds in the trailing 12 months at a $2,763,500 median — a figure that clears the current $2,275,000 median ask by roughly 21%, a spread that reflects both the compositional difference between what sold and what remains, and the degree to which closed transactions skewed toward larger or higher-floor units. Among buildings with the deepest ACRIS-verified close activity, 277 Fifth Avenue posted a $3,525,000 median across six closings and 16 West 40th Street recorded a $3,800,000 median on six transactions — both consistent with full-floor and large-format units that define the upper register of the submarket. At the other end, 5 East 22nd Street logged seven closings at a $1,245,000 median, anchoring the lower tier and reflecting studio-to-one-bedroom product that attracts a different buyer profile entirely. 15 East 30th Street produced nine closings at a $3,393,993 median, the highest close-count building in the dataset and a reliable indicator of sustained, repeatable demand at that price point rather than one-off large trades. Relative to the West Village, where ACRIS-sourced medians in comparable 12-month windows have tracked closer to $3,000,000–$3,200,000 on similarly thin inventory, Flatiron's closed-sale median positions the neighborhood as a moderate discount on a PSF basis while delivering comparable or larger unit sizes. The 35-unit active supply figure warrants monitoring as a leading indicator of whether that discount compresses or holds through the remainder of the calendar year.