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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan
Brooklyn
For buyers focused on affordability, Red Hook has the lower median sale price at $1.1M vs $2.8M in Flatiron.
Investors analyzing rental yield will find Red Hook 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 Red Hook.
| Metric | Flatiron | Red Hook |
|---|---|---|
| Median Sale Price | $2,760,000 | $1,120,075 |
| Median Condo Price | $3,600,000 | N/A |
| Median Co-op Price | $1,775,000 | $177,249 |
| Median Rent | $6,192.5 | $4,399.5 |
| Active Listings | 245 | 15 |
| Rental Inventory | 262 | 22 |
| Days on Market | 107.5 | 1303 |
| Price Cut Share | 12.7% | 10.0% |
| Monthly Sales Volume | 16 | 1 |
| YoY Price Change | +68.4% | 0.0% |
| YoY Rent Change | +2.4% | +32.3% |
| YoY Inventory Change | +8.9% | -21.1% |
| Subway Lines | 1 2 3 B D F M N Q R W | N/A |
Prices in Flatiron moved +68.4% over the past year, compared to 0.0% in Red Hook. The +68.4% gain in Flatiron reflects stronger buyer demand relative to available inventory in that market.
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.
View Full Market ReportRed Hook is a waterfront neighborhood defined by cobblestone lanes, repurposed brick warehouses, and low-rise residential buildings on a peninsula jutting into Upper New York Bay. No subway runs directly through the neighborhood; NYC Ferry's South Brooklyn route and the B61 bus provide primary transit connections to Downtown Brooklyn and Manhattan. Valentino Pier Park and the 58-acre Red Hook Recreation Area offer harbor-front green space, while the working cruise terminal at Pier 12 maintains the area's maritime heritage.
View Full Market Report34 St-Herald Sq (B D F M N Q R W) — 0.6 mi
34 St-Penn Station (1 2 3) — 0.7 mi
No subway data available
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.
