--- title: "HOA Fees in Flatiron District, New York, NY: $3,570-$8,404" description: Common charges for Flatiron District, New York, NY condos run $3,570 to $8,404 a month. See what each building covers and what to check before you offer. image: https://www.undividedre.com/hubfs/hoa-fees-flatiron-district-new-york-ny.jpg --- [Skip to main content](https://www.undividedre.com/blog/hoa-fees-flatiron-district-new-york#main-content) [![Logo](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/undivided.png)](https://www.undividedre.com/) - [Home](https://www.undividedre.com/) - [About Us](https://www.undividedre.com/about-us) - Advisory Buying Selling - [Neighborhoods](https://www.undividedre.com/neighborhood) - [Value Index](https://www.undividedre.com/value-index) Contacts 175 Greenwich St, 38th Flr New York, NY 10007 [hello@undividedre.com](mailto:hello@undividedre.com) [+1.646.631.2220](tel:+16466312220) ![Youtube](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/hero/youtube.png) ![Instagram](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/hero/instagram.png) ![Linkedin](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/hero/linkedin.png) [Book a strategy call](https://www.undividedre.com/schedule-an-appointment) [Book a strategy call](https://www.undividedre.com/schedule-an-appointment) [All posts](https://www.undividedre.com/blog/all) November 12, 2026 # HOA Fees in the Flatiron District, New York, NY: What Condo Common Charges Cost   Mukul "Micky" Lalchandani  ·  8 minute read ![hoa-fees-flatiron-district-new-york-ny](https://www.undividedre.com/hs-fs/hubfs/hoa-fees-flatiron-district-new-york-ny.jpg?width=1600&height=900&name=hoa-fees-flatiron-district-new-york-ny.jpg) Buying a condo in Manhattan means factoring in monthly carrying costs alongside the purchase price. In New York City, the "HOA fee" on a condominium is called the common charge, billed directly to each unit by the condo board's managing agent. These recurring costs pay for staff, amenities, and building upkeep, and they scale with the size and exclusivity of the property. The fee structure dictates your total monthly housing expense before you make an offer. ## Key Takeaway Among four Flatiron condo listings with published common charges, the monthly fee differs by about $4,800 from lowest to highest, which is roughly $58,000 a year. Compare the charge before you compare the price. For the lowest charge, start with 260 Park Avenue South. If you want to stay on East 22nd Street by Madison Square Park, One Madison sits in the middle of the range. ## Who This Guide Is For You're comparing Flatiron condo listings and need to know how much the monthly common charge adds to what you'll pay each year, and whether a building's fee is reasonable for what you get. ## How Much Are HOA Fees in the Flatiron District? In the Flatiron District, the monthly common charge can move your ownership cost as much as the purchase price does. The four sourced condo listings run from $3,570 to $8,404 a month, a gap of about $58,000 a year before property taxes. Each quoted charge is one unit's share of the building's operating budget. Under New York Attorney General regulations, a condominium offering plan filed with the state must include a schedule showing each unit's percentage of common interest and a projected budget for the first year of operation. Common charges are then allocated among unit owners according to their percentage of common interest. Condos here currently take a median 83 days to sell, and only 3.8% sell above list price. That gives you time to compare charges across buildings and to negotiate a lower purchase price where the monthly fee is high. Co-ops, where a monthly maintenance fee includes the building's property taxes, make up a small share of sales in this area. Condos accounted for 26 of the 28 recent property sales. Buyers evaluating these properties can check the [Flatiron District housing market](https://www.undividedre.com/blog/flatiron-district-new-york-housing-market). ## Flatiron Condo Buildings and Their Monthly Common Charges The monthly fee you pay comes down to the specific building and the unit you choose. Older conversions and modern glass towers sit side by side in this part of Manhattan, and that creates a wide range of carrying costs. The figures below come from recent listings and represent the charge for one specific unit in each building. Because what these fees cover isn't universally confirmed, ask the managing agent for the line-item budget so you can see exactly what you're paying for. ### The Flatiron Building (175 Fifth Avenue) Completed in 1902 and designated an individual New York City Landmark in 1966, this 22-story steel-framed building is a recognizable piece of the skyline. The common charge is about $8,404 a month per an active listing dated January 27, 2026. At that rate, you're paying about $100,800 a year before property taxes, which are billed separately. As a sponsor sale in a century-old landmark, request the offering plan's budget and the sponsor's unsold-unit count before you rely on the current charge. ### Madison Square Park Tower (45 East 22nd Street) Completed in 2017, this skyscraper reaches a top-floor height of 777 feet across 60 floors. The common charge sits at about $8,205 a month, per a listing dated July 27, 2026, that has since sold. That tells you new towers by the park can run as high as the landmark conversions. The address alone doesn't explain the charge. Since the only sourced figure comes from a unit that has already sold, a unit you're looking at now may carry a different amount, so get the current number directly from the listing or the managing agent. ### One Madison (23 East 22nd Street) Completed in 2013, this 60-floor tower reaches 621 feet tall on the same block of East 22nd Street. The common charge is about $5,399 a month per an active listing dated June 16, 2026. Two buildings steps apart, nearly $3,000 a month apart in carrying costs. What this charge includes isn't confirmed, so ask the managing agent for the line-item budget before comparing it with the other towers. ### 260 Park Avenue South This building carries the lowest sourced charge, which makes it a reasonable starting point if you're budgeting based on monthly cost. The common charge is about $3,570 a month per an active listing dated May 7, 2026. A lower charge can simply reflect a smaller unit or fewer staff and services. Compare it per square foot and line by line before treating it as the cheaper building. ## Why Common Charges Differ Between Flatiron Buildings A unit's common charge is directly tied to the building's operating budget. Several factors dictate how the condo board sets that budget and allocates costs to individual owners. These drivers explain why a particular building charges what it does, regardless of its marketing materials. ### Unit Size and Common Interest A unit's charge is its share of the building budget, determined by its common interest percentage in the offering plan. Larger units or those on higher floors usually pay more as a result. Buyers pay a median $1,604 a square foot for a Flatiron condo. To compare buildings accurately, divide the monthly charge by the unit's square footage. Listings don't always state square footage consistently, so confirm it in the offering plan or floor plan before you rely on a per-square-foot comparison. ### Staff, Services, and Amenities Full-time doormen, concierge services, gyms, and pools are all paid through the common charge. Ask which staff and amenities the budget funds rather than assuming based on the building's marketing. Amenities you won't use still show up in your charge every month, and they rarely get cheaper once a building opens. ### Building Age and Required Upgrades Much of the local housing stock sits in older converted loft and office buildings. Older properties face recurring city-mandated facade work and emissions limits, both of which feed into annual budgets and assessments. These costs can arrive as a special assessment on top of the monthly charge. Ask the managing agent what's planned for the building before you're under contract. ## What a Flatiron Common Charge Adds to Your Yearly Cost At the condo median sale price of $1,960,000, One Madison's sourced $5,399 monthly charge equals $64,788 a year. That's about 3.3% of the purchase price every year in carrying costs before taxes. Over a 10-year hold, the gap between the lowest and highest sourced charges adds up to roughly $580,000 before any increases. Property taxes are billed separately and add to this total, so you'll want to compare any cash offer or financing plan with your full property tax bill in hand. Since few condos in the area sell above list, a buyer weighing a high-charge building has room to factor that cost into their offer. Talk to a lender to run the math on your specific purchase. ## Red Flags When Reviewing a Flatiron Condo's Finances A well-run condo board maintains enough cash to handle repairs without suddenly billing the owners. Before you sign a contract, you and your attorney will review the building's financial health. An early review can save you from unexpected costs. Pay attention to how the board manages its money and who holds the voting power. ### A Thin Reserve Fund Ask the managing agent for the current budget and reserve balance. A small reserve relative to the building's age and size means future repairs are more likely to land as assessments. Reserve figures are only as current as the last statement. Ask for the most recent audited financials, not a marketing summary. ### A Planned or Recent Special Assessment Ask whether any assessment is in place or under discussion, and read recent board minutes for facade, roof, elevator, or emissions-compliance projects. Depending on the contract, an assessment approved before you close can still become your bill, so confirm in writing who pays. ### Charges That Have Risen Sharply Ask for the common charge history for the past several years. Repeated steep increases can signal budget pressure that the current figure hides. A charge that's been held flat for years can be its own warning if the reserve has been drawn down to keep it there. ### A Sponsor That Still Controls the Building In new developments and conversions, the sponsor may still own many units and board seats. Ask how many units remain unsold and whether the sponsor is current on its charges. Early-year budgets set by a sponsor can understate long-run costs. The charge may rise once owners take over the board. ## How to Narrow Your Flatiron Condo Shortlist by Monthly Cost Your total monthly budget needs to account for property taxes on top of the common charge. If you don't know your limit yet, start with the worked example in the yearly cost section above and review the property tax details. Next, check whether the units you're comparing are a similar size. If not, compare the charge per square foot rather than the monthly total. If the building is a recent conversion or new development where the sponsor still owns many units, work through the sponsor control red flags before anything else. If you need FHA or other low-down-payment financing, check FHA requirements first, because that can rule buildings out before fees even matter. A charge is too high when the per-square-foot cost, plus taxes, pushes the total past what you and your lender are comfortable carrying. Pull current common charges and tax lines for specific units when you're ready to compare options. ## At a Glance - Median sale price, condos: $1,960,000 (90 days ending Sept 30, 2026; based on 26 condo sales, so treat as indicative) - Year-over-year change in median sale price, condos: +32% (90 days ending Sept 30, 2026; based on 26 condo sales, likely driven by which units sold rather than a market-wide jump) - Median price per square foot, condos: $1,604 (90 days ending Sept 30, 2026; 26 condo sales) - Median days on market, condos: 83 (90 days ending Sept 30, 2026; 26 condo sales) - Sale-to-list ratio, condos: 100% (90 days ending Sept 30, 2026; 26 condo sales) - Share sold above list price, condos: 3.8% (90 days ending Sept 30, 2026; 26 condo sales) - Months of supply, condos: 5.2 (90 days ending Sept 30, 2026) - Condos for sale (inventory): 45 (90 days ending Sept 30, 2026) - Median sale price, all home types: $1,969,448, up 7.6% year over year (90 days ending Sept 30, 2026; based on 28 sales) ## Flatiron District HOA Fee FAQs ### Does the HOA Fee Include Property Tax for Flatiron Condos? No. New York City bills each condo unit its own real estate taxes on top of the common charge, which is why listings show the two as separate lines. Co-op maintenance, by contrast, usually includes the building's taxes. Add the listing's tax line to the charge to get the true monthly cost. ### How Much Will Flatiron Building Condos Cost? The active listing at 175 Fifth Avenue shows the asking price and estimated monthly real estate taxes, which you must combine with the common charge above to get the full monthly outlay. Because prices and taxes vary by unit, ask the managing agent for the figures on the specific unit you want to buy. ### Is It a Good Time to Buy a Condo in the Flatiron District? With 5.2 months of condo supply and 45 condos for sale, buyers currently have choices. The 32% year-over-year jump in the condo median rests on just 26 sales and reflects which units sold rather than a market trend. Weigh your own timeline and talk to a lender to see what makes sense for you. ### Are Older Flatiron Buildings More Expensive to Own? They can be. Under NYC's Facade Inspection Safety Program, owners of buildings taller than six stories must file an acceptable facade examination report on a five-year cycle, with Cycle 10 beginning February 21, 2025. Local Law 97 also sets greenhouse gas emissions limits that become progressively more stringent for the 2030-2034 compliance period. Ask the board when the next inspection is due and what the compliance plan costs. ### When You Buy a Flatiron Condo, Do You Own It Forever? Yes. Under New York's Condominium Act, a unit is owned outright along with a share of the common elements, with no lease term. The common charge continues for as long as you own the unit and can rise over time. ### Do Common Charges Affect How Much Mortgage I Can Get? Yes. Per Fannie Mae guidelines, lenders count the full monthly charge and property taxes in your housing expense when calculating your debt-to-income ratio. A higher charge lowers the loan amount you qualify for, so ask a lender to run the numbers on a specific unit. ### Can You Use an FHA Loan for a Flatiron Condo? You can only use one if the building is FHA-approved, and FHA status is unconfirmed for all four named buildings. You can check a building's status on HUD's FHA-approved condominium search. For 2026, the FHA loan limit for a one-unit property in New York County is $1,249,125. ### Is There an HOA Transfer Fee When You Buy a Flatiron Condo? Condos here don't usually charge a suburban-style HOA transfer fee, but buyers face other one-time closing costs. These include New York's mansion tax on purchases of $1 million or more, and in new-development sponsor sales, the seller's NYC Real Property Transfer Tax is typically passed to the buyer. Ask the managing agent about any working capital contributions or move-in fees. ## Sources - [Redfin: Data Center](https://www.redfin.com/news/data-center/) - RLS/REBNY (via Compass/Homes.com) listing #RLS20076382 (sold 2026-07-27) - RLS/REBNY (via Compass) listing #RLS20084544 (active 2026-06-16) - RLS/REBNY (via Compass) listing #RLS20089484 (active 2026-05-07) - RLS/REBNY (via Corcoran Sunshine/Compass) listing #RLS20068974 (active 2026-01-27) - [New York Attorney General: 13 NYCRR Part 20](https://ag.ny.gov/sites/default/files/13_nycrr_20_3.pdf) - [Wikipedia: Flatiron Building](https://en.wikipedia.org/wiki/Flatiron_Building) - [Wikipedia: Madison Square Park Tower](https://en.wikipedia.org/wiki/Madison_Square_Park_Tower) - [Wikipedia: One Madison](https://en.wikipedia.org/wiki/One_Madison) - [NYC Department of Buildings: Facade Inspection Safety Program](https://www.nyc.gov/assets/buildings/pdf/facadecycle-sn.pdf) - [NYC Department of Buildings: Local Law 97](https://www.nyc.gov/site/buildings/codes/REMOVE-greenhouse-gas-emission-reporting.page) - [New York State Senate: Condominium Act](https://www.nysenate.gov/legislation/laws/RPP/A9-B) - [Fannie Mae: Selling Guide](https://selling-guide.fanniemae.com/sel/b3-6-03/monthly-housing-expense-subject-property) - [HUD: FHA Loan Limits](https://www.hud.gov/hud-partners/single-family-lender) - [Tannenbaum Helpern Syracuse & Hirschtritt LLP: Mansion Tax Rates](https://www.thsh.com/publications/real-estate-transfer-tax-and-mansion-tax-rates/) Share: ### Related posts #### [![](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/new-home-developments-in-flatiron-district-new-york-ny.jpg) New Home Developments in Flatiron District, New York, NY](https://www.undividedre.com/blog/new-home-developments-in-flatiron-district-new-york) #### [![](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/average-cost-of-a-home-in-flatiron-district-new-york-ny.jpg) Average Home Cost in Flatiron District, New York, NY](https://www.undividedre.com/blog/average-home-cost-in-flatiron-district-new-york) #### [![](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/average-rent-in-flatiron-district-new-york-ny.jpg) Average Rent in Flatiron District, New York, NY: 2026 Costs](https://www.undividedre.com/blog/average-rent-in-flatiron-district-new-york) #### [![](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/investing-in-flatiron-district-new-york-ny-real-estate.jpg) Investing in Flatiron District, NY Real Estate: 2026 Costs](https://www.undividedre.com/blog/investing-in-flatiron-district-new-york-real-estate) #### [![](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/build-my-own-home-in-flatiron-district-new-york-ny.jpg) Build My Own Home in Flatiron District, New York, NY](https://www.undividedre.com/blog/build-from-scratch-in-flatiron-district-new-york) #### [![](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/property-taxes-flatiron-district-new-york-ny.jpg) Property Taxes Flatiron District, New York, NY: 2026 Rates](https://www.undividedre.com/blog/property-taxes-flatiron-district-new-york) ![Background](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/footer/background.jpg) Begin the Conversation [Schedule a 30-min strategy call](https://www.undividedre.com/schedule-an-appointment) Links - [Home page](https://www.undividedre.com) - [About Us](https://www.undividedre.com/about-us) - [Services](https://www.undividedre.com/buy) - [Market Insights](https://www.undividedre.com/blog) - [Rental Process](https://www.undividedre.com/rental-process-archived) - [Contact](https://www.undividedre.com/schedule-an-appointment) Contact Us 136 Madison Ave, 6th Fl New York, NY 10016   hello@undividedre.com +1.646.631.2220 ![Youtube](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/hero/youtube.png) [(opens in new tab)](https://www.youtube.com/@undividedaccess) ![Instagram](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/hero/instagram.png) [(opens in new tab)](https://www.instagram.com/undividedrealestate/) ![Linkedin](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/hero/linkedin.png) [(opens in new tab)](https://www.linkedin.com/company/undividedre) [![Undivided](https://44624939.fs1.hubspotusercontent-na1.net/hubfs/44624939/raw_assets/public/undivided-theme-by-tam/images/modules/footer/logo.png)](https://www.undividedre.com/) UNDIVIDED INC. 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