Flatiron District
Commercial Real Estate
NYC's original Silicon Alley. From iconic Fifth Avenue addresses to creative loft spaces, we specialize in off-market Flatiron transactions for tech-forward investors.
Office Rent/SF
Cap Rate Range
Tech Hub
Flatiron Built
Flatiron District Submarkets
Fifth Avenue / Broadway
Prime corridor along Fifth Avenue and Broadway from 20th to 27th Streets. Mix of office, retail, and iconic architecture anchored by the Flatiron Building.
Park Avenue South
Eastern edge of Flatiron featuring larger floor plates and modern office buildings. Strong tech and media tenant demand.
Sixth Avenue Corridor
Western Flatiron along Sixth Avenue to 28th Street. Mix of creative office, showrooms, and design-related tenants.
Property Types in Flatiron
Class A Office
Avg: 150,000 SF
Class B Office
Avg: 60,000 SF
Mixed-Use
Avg: 80,000 SF
Retail Condos
Avg: 5,000 SF
Flatiron District Real Estate FAQ
What is the average cap rate for Flatiron District commercial properties?
Flatiron District cap rates range from 5.0% to 6.5% depending on building class and location. Prime Fifth Avenue and Broadway buildings trade at 5.0-5.5%, while Class B buildings on side streets can reach 6.0-6.5%. The area's tech hub status and proximity to Union Square and NoMad support strong valuations.
Why is the Flatiron District called Silicon Alley?
The Flatiron District earned the "Silicon Alley" nickname as NYC's original tech hub in the late 1990s and 2000s. Tech startups chose the neighborhood for its creative loft buildings, central location, and proximity to Union Square. Today it remains a major tech and creative office market with companies like Yelp, Spotify, and numerous startups.
What types of tenants occupy Flatiron commercial space?
The Flatiron District attracts diverse tenants including technology companies, digital media firms, advertising agencies, co-working operators, restaurants, and retail brands. The mix of historic loft buildings and modern office space appeals to creative and tech-oriented businesses seeking character and amenities.
How do I sell a commercial property in Flatiron off-market?
Skyline Properties specializes in confidential off-market Flatiron transactions. We maintain relationships with tech-focused investors, creative office funds, and value-add buyers seeking Flatiron assets. Contact Robert Khodadadian for a confidential valuation and buyer matching.
Own Property in Flatiron?
Get a confidential valuation from NYC's leading off-market broker. Robert Khodadadian has closed $976M+ in transactions and maintains relationships with tech investors and creative office funds seeking Flatiron properties.