Madison Square Park

Love that area. It's easily accessible to both up and downtown, west and east side, zoned for some of the best downtown schools, walkable to the best dowtown private schools (friends, grace), great park, best restaurants in the city. Are there still deals there? I think right below the park is the best part.

I work in this neighborhood and I love it. Its central to so much stuff. I walk everywhere all of the time. But you dont have to walk bc there are tons of subways! I definitely think this is a great area to invest in.

I am a strong believer in the north of Madison, 26th to 32nd corridor. It has been an upcoming neighborhood for a while and has been down during this cycle. If you look for a short term appreciation than this will not be it. If you are willing to wait, get a loft (2000sqf and above) and enjoy life. Walking distance to the best shopping/ restaurants. Not a very "kids' freindly" neihborhood, adults should have a ball.

hurting
about 5 hours ago
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report abuse Love that area. It's easily accessible to both up and downtown, west and east side, zoned for some of the best downtown schools, walkable to the best dowtown private schools (friends, grace), great park, best restaurants in the city. Are there still deals there? I think right below the park is the best part.

i am curious where you get your school information. please tell.

Not a very "kid friendly" neighborhood? Have you seen the Madison Square playground? Looks pretty friendly to me. Kids can also watch the doggies romp in their play area. And did anyone mention Shake Shack?
I also believe Madison Square is zoned for PS 116 which is an excellent (if overcrowded school) and there is also a very highly regarded Catholic school (Epiphany)nearby. Don't know about Jewish schools but the Yeshiva campus a little to the north (34th street) brings a lot of kosher dining options to the area.

South of it (Flatiron) is a great bet right now, but I don't think you're talking about future price appreciation as its already well established. West of it got all the new towers over the last few years, has gotten fairly cool, has a little bit more to go.. North of it (NOMAD) has the best appreciation potential. Lots of new restaurants opening above, some great building stock, its only a matter of time before thats totally gentrified. 29th & 6th has the mage eventi hotel/marketplace, 29th and broadway has the superhip Ace Hotel (with the Breslin in it)... this is one of the few remaining parts of central Manhattan with an evern brighter future ahead of it.

"Not a very "kid friendly" neighborhood? Have you seen the Madison Square playground? Looks pretty friendly to me. Kids can also watch the doggies romp in their play area. And did anyone mention Shake Shack? "

Yeah, thats just seriously off....

And second on the restaurants (at least on the south and west sides). Besides the tons of existing, particularly in flatiron, Batali is also opening some Italian supercomplex on the park, and Hill Country is adding a chicken branch!

wait, on kids friendly, just realized that 007 was talking specifically about north of the park. He's right. South side and west side (even has the kid mega gym thing) and the park itself are great, but north of the park hasn't quite got the kiddies yet.

But thats part of what its a great value.

I bought there on the north side of Madison Square Park a couple years back and it's exceeded expectations. The park is great, safe, clean, great dog run and kids area, music and events throughout the year. Seemingly every month something new pops up around the park that greatly adds to the neighborhood - since I have been there A Voce, Stumptown/Ace Hotel/Breslin Restaurant, Bar Breton, Birch Coffee, SD26, Limelight Marketplace, Almond restaurant, ilili restaurant, One Madison Park condos, Madison Park North Condos, Grand Madison condos, a nice 24 hour fitness, and coming this fall you will have Eataly, a massive Italian artisinal market and group of Batali restaurants plus a rooftop brew pub (It's like a Whole Foods for Italian cuisine). I think Eataly alone will add 5-10% to nearby property values. You also have Appleseeds for kids, the Dog Spa for dogs, Big Apple BBQ festival, and so much more already there. Architecture is stunning too with the Flatiron and Metlife clocktower. Plus it's so central. Read through old blog posts on http://www.MadParkNews.com (the neighborhood blog) and you will get a feel for all that is happening. Being on/near a park in NYC is a luxury and this is one of the best. Hard to say whether real estate goes up or down, but it should 'outperform' other areas of NYC in my opinion.

"not kids friendly"- again for max. appreciation I would buy a loft between 26/27 to 33 from Lex to 5th and if anyone think that the specific boundaries I mentioned are kid's friendly please share your information with all. Of course Madison Park is full of kids but the UWS next to the Park is my definition of kid's friendly and not NOMAD

agreed with 007--sure there are a couple of schools, a small park with playground and some kid-oriented businesses coming in...but if you have kids and want a neighborhood filled with other kids, schools etc now, before your children are grown, NOMAD aint the place---UES, UWS, Park Slope...these are neighborhoods where one who truly wants kid-friendly

that said, i agree that NOMAD has huge potential---could be a great place to live while it outperforms the rest of the market---wouldnt raise my already-raised kids there tho

UES, UWS, Park Slope...these are neighborhoods where one who truly wants kid-friendly should now live

phone typing...ouch

brains77 - very helpful, thank you so much

You forgot to mention Trader Joe's on 21st and 6th Ave.

007 - I agree with your upside thoughts, but I think the neighborhood looses appeal as you get closer and closer to the Empire State Building. I am looking at NOMAD and Flatiron (NW of Union Square). Prefer 5th and Madison Sq Park area to Park Avenue

Yeah Trader Joes opens Monday! The reason why Trader Joes and Eataly are important to the Nomad/Mad Sq Park/Flatiron areas is we dont really have a good grocery store (there is an Associated on park and 22nd and Whole foods in upper chelsea but TJs and Eataly will really help.)

Regarding schools, PS 40 is the zoned school for much of the area and is one of the top elementary schools in the city.Ps 116 on the north is also very highly rated. On the west side of the park, PS 11 has a G&T program that is sought after. I don't think anyone can debate Friends and Grace are the best downtown private schools, from an academic/reputation perspective anyway. Epiphany is commonly known as the second best parochial school in the city (behind only st. ignatius). I don't have proprietary empirical evidence on all of this, but the public schools can be checked on insideschools.org

On the note about kid friendly -- it absolutely is. NY Kids Club, Appleseeds, Walkable to both Madison Square and Union Square, lots of nice kid shops like Space Kiddets, etc. Loads of families in the neighborhood. It's not the UWS, but is definitely kid friendly. Madison Square Kids runs tons of events too.

I will say that you see a LOT less kids than you do in other "kid-friendly" neighborhoods.

That will change... but thats why you're getting the discount now. Being a bit of a pioneer is how you get the early discount.

Of course, please note that they are now building a MASSIVE homeless Shelter on 24th, 6-7. I forgot about that... but its going to be huge. T he new headquarters and facility for the Bowery Homeless project.

Will likely have a big impact on the neighborhood.

It's really not a good neighborhood for kids at all. It's far from the park...any park. MS park is just a pass through or a place to wait on a ridiculously long line for an over rated artery clogger. Get your burgers at he shake shack...lemmings. It's also not a great area to hang around in. On the plus side, if your not having kids, it's about as central as it gets...good transportation...great eats (shitshack not with standing). Good single zone and some pretty nice digs for the money. All that being said...when they start selling One Mad for small change I'll be the first on line (family and all).

falco, have you actually been to the park?

Its become HUGE for hanging out (and not talking shake shack). Thats just the lower section of the park.
The oval is pretty fing big, tons of sunbathers on nice weekend days. Its a pretty sizable lawn. Happy to see lots of bikinis (and more attractive on average than sheep's meadow, i guess the higher rents and trophy girlfriends have something to do with that). If anything, it could probably take twice as many folks and still be pleasant.

And the dog run is the biggest I've ever seen. Then the whole northern fountain section, more benches and stuff. I can't think of much more I'd add to the park before you get to things like tennis courts and hiking trails and such...

If you think MSP is just shake shack, you're missing most of the park...