Market Overview for Quarter 1, 2021
Median Sale Price
No. of Transactions
Manhattan Median Sale Price
In Quarter 1, the median home sale price in NoMad was $1.6M, down 11% year-over-year. There were a total of 33 transactions, representing a 25% drop compared to Quarter 1 last year. The median price per square foot was $1,645, a -2% YoY change. In Quarter 1, the median home sale price in Manhattan was $1M.
NoMad Neighborhood Map
The name NoMad, which stands for North of Madison Square Park, has only been in use since 1999 but this neighborhood has a rich and storied history. New restaurants, buildings, and shops are popping up everywhere and residents consider it a perfect balance between the convenience of Midtown and the trendiness Downtown is known for.
Top most expensive neighborhoods in Manhattan
NoMad median price compared with other neighborhoods in Manhattan
NoMad property values are on the higher-end for neighborhoods in Manhattan .
NoMad median price compared with all the neighborhoods in Manhattan
|Neighborhood||Borough||Median Sale Price|
|Central Park South||Manhattan||$2,147,500|
|Upper West Side||Manhattan||$1,075,000|
|Theatre District - Times Square||Manhattan||$970,000|
|Clinton - Hell's Kitchen||Manhattan||$779,500|
|Battery Park City||Manhattan||$753,950|
|Lower East Side||Manhattan||$728,000|
Residential Properties Sold in NoMad
|Property Type||Median sale price||Y-o-Y||Median sale price/sqft||Y-o-Y||Transactions|
The median condo price in NoMad in Quarter 1 was $1.9M, down 8% year-over-year. Median coop sale price in NoMad were $875K, a change of 54% year-over-year. There was no statistically significant data for median house sale price activity for the period of Quarter 1 in NoMad.
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NoMad Neighborhood Guide
Madison Square Park, the epicenter and namesake of the neighborhood, was opened in 1847 as a hub for public activity in New York City. The original Madison Square Garden (the current one is the fourth) was located here. Stately townhouses and fancy mansions soon lined the streets around the park. Today's neighborhood running eight blocks north of Madison Square Park is still a beehive of activity for professionals and shoppers. Since 1999 the burghers of this central location have gone by the name of NoMad. Great food is a given here, and so is bargain hunting in the wholesale and import shops along Broadway. And don't forget a relaxing day reading or people watching in the park itself.
Architecture and landmarks
Although Madison Square Garden is gone, NoMad is not lacking in iconic 19th century New York architecture. The Flatiron Building, the pioneering wedge-shaped skyscraper that showed developers how to use land where streets crossed at sharp angles, stands across the street from the park. The Gift Building, or Grand Madison, is a treasure of Renaissance Revival style and the French Second Empire Gilsey House with one of the best mansard roofs in New York City is a hotel-turned-co-op. The Appellate Division Courthouse looming over the park delivers Greek Revival dignity. The Met Life Tower and its landmark clock beneath a gilded pyramid roof is also here. In the north end of the park is an obelisk marking the tomb of General William Jenkins Worth creating a small space known as General Worth Square - erected in 1857, it was one of the first monuments in New York City.
Four New York City subway stations afford access north and south through Manhattan and to the outer boroughs. The N-Q-R trains stop at the 23rd Street and 28th Street stations along Broadway. The 4-5-6 trains of the IRT Lexington Line also make stops at 23rd, 28th and 33rd streets. 23rd Street delivers crosstown bus services and many city bus routes run north-south through NoMad on Park Avenue, Fifth Avenue and Madison Avenue.
The 116 Mary Lindley Murray School, a few blocks to the northeast of NoMad, serves the elementary school-aged students of the neighborhood. Before that, preschoolers can attend the Ecole Internationale de New York, near the Gramercy Theatre. One of three French international schools in Manhattan, the school also has one class for each grade level through 8th grade with about 15 students per grade. Older students can take advantage of Baruch College Campus High School, a joint educational initiative between Baruch College of CUNY and the public school system.
Just to the east, Langone's Tisch Hospital has 725 beds for inpatient care. Mount Sinai Beth Israel Hospital in Gramercy Park has been handling medical needs for patients on the East Side since the 1890s. Today it is a full-service teaching facility with 825 beds. In the neighborhood proper, the Rogers Clinic is a full-service medical facility for patients with HIV.
NoMad is under the jurisdiction of two police precincts - the 13th and the Manhattan South Precinct, both less safe than the Manhattan average. Below 29th Street in Precinct 13th the crime rate stood at 21.96 crimes per 1,000 residents in 2015, while above this line, the Manhattan South Precinct saw 136 crimes per 1,000 residents in 2015.
Things to do
Since 2004 the go-to activity for NoMad residences is to nosh at the Shake Shack, the wildly popular casual eatery whose first location was Danny Meyer's food cart in Madison Square Park. The Shack burgers and crinkle cut fries are now dished out of an eye-catching building at the southeast corner of the park designed by a leading architectural and environmental design firm.
The Maysville is an American whiskey bar and restaurant that delivers its goods at a marble counter. The Eataly brings gourmet tastes from Italy to a marketplace brimming with over 50,000 square feet of goodies.
The Madison Square Park also has a virtually non-stop calendar of events through the good weather months including Madison Square Eats, Madison Square Arts and Madison Square Music. The park is outfitted with slides and swings and four-legged visitors to the park can enjoy Jemmy's Dog Run. And only in New York: across the street from each other in NoMad are the Museum of Sex and the National Museum of Mathematics. Of course both educational institutions have their own condensed nicknames - MoSex and MoMath.