Flatiron District
NYC's original Silicon Alley, from Fifth Avenue office addresses to loft buildings on the side streets. We handle off-market Flatiron sales for owners and for investors who want tech tenancy.
Office Rent/SF
Cap Rate Range
Tech Hub
Flatiron Built
Flatiron District Submarkets
Fifth Avenue / Broadway
Fifth Avenue and Broadway from 20th to 27th Streets, anchored by the Flatiron Building. Office upstairs, retail at grade, and some of the best-known facades in Manhattan.
Park Avenue South
The eastern edge of Flatiron, with larger floor plates and newer office buildings. Tech and media tenants lease here steadily.
Sixth Avenue Corridor
Western Flatiron along Sixth Avenue up to 28th Street. Creative office, showrooms, and design 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 block. Prime Fifth Avenue and Broadway buildings trade at 5.0-5.5%. Class B buildings on side streets can reach 6.0-6.5%. Tech tenant demand and the location between Union Square and NoMad hold values up.
Why is the Flatiron District called Silicon Alley?
The Flatiron District got the "Silicon Alley" nickname as NYC's first tech hub in the late 1990s and 2000s. Startups came for the loft buildings, the central location, and Union Square next door. It is still a major tech and creative office market, with companies like Yelp and Spotify and a long list of startups.
What types of tenants occupy Flatiron commercial space?
Technology companies, digital media firms, advertising agencies, co-working operators, restaurants, and retail brands. Tech and creative businesses like the mix of historic loft buildings and modern office space: high ceilings and character, with the amenities they need.
How do I sell a commercial property in Flatiron off-market?
Skyline Properties handles confidential off-market Flatiron sales. We know the tech-focused investors, creative office funds, and value-add buyers looking for Flatiron assets, and we take a building to them quietly. Call Robert Khodadadian for a confidential valuation and a buyer list.
Own Property in Flatiron?
Get a confidential valuation from Robert Khodadadian, who has closed $976M+ in transactions and knows the tech investors and creative office funds looking for Flatiron properties.