Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

NYC Neighborhood Comparison

Flatiron vs Pelham Gardens

Side-by-side market data, transit, and neighborhood profiles to help you decide.

Manhattan|Bronx

Flatiron

Manhattan

Pelham Gardens

Bronx

How They Compare

For buyers focused on affordability, Pelham Gardens has the lower median sale price at $730K vs $2.8M in Flatiron.

Investors analyzing rental yield will find Pelham Gardens offers a stronger rent-to-price ratio based on current market data.

Commuters have more transit options in Flatiron, which is served by 11 subway lines compared to 0 in Pelham Gardens.

Median Sale Price
$2.8M
$730K
Median Rent
$6K
$2K
Active Listings
245
1
Avg Days on Market
107.5 days
0 days
YoY Price Change
+68.4%
+4.3%
Monthly Sales Volume
16
4

Detailed Comparison

MetricFlatironPelham Gardens
Median Sale Price$2,760,000$730,000
Median Condo Price$3,600,000N/A
Median Co-op Price$1,775,000N/A
Median Rent$6,192.5$1,875
Active Listings2451
Rental Inventory2622
Days on Market107.50
Price Cut Share12.7%0.0%
Monthly Sales Volume164
YoY Price Change+68.4%+4.3%
YoY Rent Change+2.4%0.0%
YoY Inventory Change+8.9%-80.0%
Subway Lines1 2 3 B D F M N Q R WN/A

Year-Over-Year Price Movement

Prices in Flatiron moved +68.4% over the past year, compared to +4.3% in Pelham Gardens. The +68.4% gain in Flatiron reflects stronger buyer demand relative to available inventory in that market.

Neighborhood Profiles

Flatiron

The 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.

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Pelham Gardens

Pelham Gardens is a residential Bronx neighborhood of well-maintained single-family homes, two-family brick houses, and low-rise apartment buildings between Pelham Parkway and the Hutchinson River Parkway. The 5 train at Eastchester-Dyre Avenue and bus connections to the 6 train at Pelham Bay Park provide transit options. The tree-lined streets and generous setbacks give the area a distinctly suburban character.

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Transit Access

Flatiron

123BDFMNQRW

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

Pelham Gardens

No subway data available

Active Listings

Flatiron for sale

View all Flatiron listings

Pelham Gardens for sale

View all Pelham Gardens listings

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.

Frequently Asked Questions

Is Flatiron cheaper than Pelham Gardens?
Pelham Gardens is more affordable, with a median sale price of $730,000 vs $2,760,000 in Flatiron. Pricing can vary widely by building, floor, and unit condition, so review current listings for accurate comparisons.
Which has better transit, Flatiron or Pelham Gardens?
Flatiron has access to 11 subway lines and Pelham Gardens has 0, making Flatiron the stronger option for transit access. Pelham Gardens has 0 lines, which may still cover your commute depending on your destination.
Which is better for families, Flatiron or Pelham Gardens?
This depends on what type of home fits your household. Flatiron and Pelham Gardens both offer a mix of apartment and multi-room units in co-ops, condos, and townhouses. Larger 3- and 4-bedroom units, including townhouses and multi-family properties, tend to be more available in lower-density areas. Reviewing active listings filtered by bedroom count is the most reliable way to see what each neighborhood currently offers for larger households. A licensed broker can pull current inventory by bedroom count across both areas for a direct comparison.
Should I buy in Flatiron or Pelham Gardens?
The right neighborhood depends on your price range, commute needs, and preferred property type. A comparative market analysis (CMA) of recent sales in both Flatiron and Pelham Gardens gives you the clearest picture of what your budget gets in each location. Request a free CMA from Milton Coste to get a side-by-side breakdown of current opportunities.

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Need Help Choosing?

With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.

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