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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan
Manhattan
For buyers focused on affordability, Chelsea has the lower median sale price at $1.3M vs $2.8M in Flatiron.
Investors analyzing rental yield will find Chelsea offers a stronger rent-to-price ratio based on current market data.
Commuters have more transit options in Chelsea, which is served by 14 subway lines compared to 11 in Flatiron.
| Metric | Chelsea | Flatiron |
|---|---|---|
| Median Sale Price | $1,250,000 | $2,760,000 |
| Median Condo Price | $3,052,500 | $3,600,000 |
| Median Co-op Price | $830,000 | $1,775,000 |
| Median Rent | $5,975 | $6,192.5 |
| Active Listings | 366 | 245 |
| Rental Inventory | 721 | 262 |
| Days on Market | 60.5 | 107.5 |
| Price Cut Share | 12.8% | 12.7% |
| Monthly Sales Volume | 39 | 16 |
| YoY Price Change | -19.4% | +68.4% |
| YoY Rent Change | +7.7% | +2.4% |
| YoY Inventory Change | -12.9% | +8.9% |
| Subway Lines | 1 2 3 A B C D E F M N Q R W | 1 2 3 B D F M N Q R W |
Prices in Chelsea moved -19.4% over the past year, compared to +68.4% in Flatiron. Flatiron is seeing price appreciation while Chelsea has softened, pointing to different supply-demand dynamics in each market.
Chelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood mixes industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside historic pre-war lofts and historic townhouses in the Chelsea Historic District.
View Full Market ReportThe 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 buildings with high ceilings and expansive floor plans, alongside ultra-luxury glass towers that offer modern amenities and central Manhattan convenience.
View Full Market Report34 St-Penn Station (1 2 3 A C E) — 0.6 mi
34 St-Herald Sq (B D F M N Q R W) — 0.7 mi
34 St-Herald Sq (B D F M N Q R W) — 0.6 mi
34 St-Penn Station (1 2 3) — 0.7 mi
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.
With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.