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Named after its signature landmark, the Flatiron Building, the Flatiron District is wedged between Lower and Midtown Manhattan. Within its boundaries -- Sixth Avenue, 28th Street, Park Avenue, and 14th Street -- is a wealth of historic and elegant architecture, and as a result, it is one of the most sought-after neighborhoods in Manhattan to call home.

Although a busy and important neighborhood in its own right, the Flatiron District is less-trafficked than its neighbors to the north and south. To that end, its land uses lean far more toward residential development than other parts of Manhattan. Many of its streets contain blocks of apartment buildings with small, locally-owned businesses scattered throughout. It is in many ways the quintessential New York City neighborhood and its image often represents the city as a whole. As a result, there is always demand for real estate in the Flatiron District, and available apartments are rare.

Average rental price point

True one bedroom price is $4,751 Flex one bedroom price $2,800 True Two Bedroom price $7,500 Flex Two bedroom price $3,200 True 3 bedroom $12,000 Flex 3 bedroom price $4,100 Studio $3,455

Average sale price point

True one bedroom price is $1,399,000 True two bedroom price $2,695,000 True three bedroom $4,700,000 Studio $799,500