Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

NYC Neighborhood Comparison

Flatiron vs Richmond Hill

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

Manhattan|Queens

Flatiron

Manhattan

Richmond Hill

Queens

How They Compare

For buyers focused on affordability, Richmond Hill has the lower median sale price at $775K vs $2.8M in Flatiron.

Investors analyzing rental yield will find Richmond Hill 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 Richmond Hill.

Median Sale Price
$2.8M
$775K
Median Rent
$6K
$2K
Active Listings
245
12
Avg Days on Market
107.5 days
0 days
YoY Price Change
+68.4%
-6.1%
Monthly Sales Volume
16
6

Detailed Comparison

MetricFlatironRichmond Hill
Median Sale Price$2,760,000$775,000
Median Condo Price$3,600,000N/A
Median Co-op Price$1,775,000N/A
Median Rent$6,192.5$2,250
Active Listings24512
Rental Inventory26211
Days on Market107.50
Price Cut Share12.7%22.2%
Monthly Sales Volume166
YoY Price Change+68.4%-6.1%
YoY Rent Change+2.4%-18.9%
YoY Inventory Change+8.9%-20.0%
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 -6.1% in Richmond Hill. Flatiron is seeing price appreciation while Richmond Hill has softened, pointing to different supply-demand dynamics in each 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.

View Full Market Report

Richmond Hill

Richmond Hill features a mix of high-rise residential buildings and mixed-use retail structures. The area is served by major subway lines and complemented by ample local parks. Established community landmarks anchor the geography, offering varied housing types throughout the region.

View Full Market Report

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

Richmond Hill

No subway data available

Active Listings

Flatiron for sale

View all Flatiron listings

Richmond Hill for sale

View all Richmond Hill 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 Richmond Hill?
Richmond Hill is more affordable, with a median sale price of $775,000 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 Richmond Hill?
Flatiron has access to 11 subway lines and Richmond Hill has 0, making Flatiron the stronger option for transit access. Richmond Hill has 0 lines, which may still cover your commute depending on your destination.
Which is better for families, Flatiron or Richmond Hill?
This depends on what type of home fits your household. Flatiron and Richmond Hill 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 Richmond Hill?
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 Richmond Hill 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.

More Comparisons

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.

Call Milton WhatsApp