30 East 31st Street · Flatiron NoMad · Condo · Built 2016 · 105 units · 31 stories · Stephen B. Jacobs Group
CondoBuilt 2016Pets allowedFull-time
73
MF Score
The newest full-service building in NoMad's core — clean records, modern amenities, but you're paying new construction premiums for a location that's good, not great.
30E31 Condominium is what you get when you want a brand-new building with full amenities in NoMad but can't quite stretch to the trophy addresses on Fifth Avenue or Madison Square Park. The public records here are spotless — zero HPD violations, zero DOB violations, zero permits outstanding as of April 2026 — which tells you the building is well-maintained and the developer did their job right.
The location works: you're 2 blocks from Madison Square Park, walking distance to everything that matters in NoMad, and the 6 train at 33rd Street puts you at Grand Central in under 10 minutes. But this isn't the address you brag about at dinner parties.
The real trade-off is pricing versus prestige. At roughly $1,450 per square foot, you're paying new construction premiums without the architectural significance of the Grand Madison or the cache of buildings directly on the park. The 421-a tax abatement expires in 2031, which means your carrying costs will jump significantly — factor that into your long-term budget before you sign anything.
Pros and cons
Pros
+ Zero HPD and DOB violations — spotless public records
+ Full modern amenities: gym, roof deck, doorman, concierge
+ Two blocks from 6 train at 33rd Street
+ 421-a tax abatement until 2031 keeps carrying costs lower
+ No board approval required — condo convenience
Cons
− 421-a expires 2031 — taxes will roughly double
− $1,450/sqft pricing without prestige location premium
− No architectural significance — generic modern tower
− Limited long-term appreciation data — only 10 years old
Approx. low end — varies by unit. Use the calculator below to add your mortgage.
~$1,075/mo
⚠️ Tax abatement expires 2031 — taxes will increase after this date
Common charges and tax figures shown are sourced from current active listings and vary by unit size and floor. Verify all figures with building management, the offering plan, and your attorney before closing. MeetFlatiron makes no representations as to the accuracy of financial figures shown.
Payment calculator
Purchase price$850,000
Down payment20%
Interest rate6.75%
Principal and interest—
Common charges (enter your unit's figure)$/mo
Property taxes (enter your unit's figure)$/mo
Total monthly—
For illustrative purposes only. Common charges and taxes vary by unit — verify exact figures with building management. Actual mortgage rates vary by lender. Consult your lender for accurate rates and terms.
Red flag —
The 421-a tax abatement expires in 2031 — in five years, your monthly taxes will roughly double from current artificially low levels. Budget an additional $800-$1,500 per month in carrying costs starting in 2031. The building is only 10 years old, so major capital expenditures are unlikely in the near term, but the first major assessment cycle typically hits around year 15-20.
What agents won't tell you
Board dynamics
30E31 is a condominium, not a co-op, so there's no discretionary board approval process. The condo board handles building operations and holds standard right of first refusal, which is rarely exercised. For buyers coming from co-op shopping, this streamlined process is a relief — no financial packages, no interviews, no risk of rejection based on board whims.
What it's actually like to live here
Day-to-day life here is genuinely pleasant if you value modern conveniences over character. The building's amenities — gym, roof deck, full-service staff — actually work, unlike some prewar buildings where the doorman disappears and the gym equipment breaks. Units on higher floors facing east toward Park Avenue are noticeably quieter than street-facing units. The floor plates are efficient but not generous — this is modern NoMad living, which means space is at a premium even at these price points.
Services and amenities
Full-time
Concierge
Elevator
Gym
Roof deck
Outdoor space
Bike room
Storage space
Laundry in building
Live-in super
Hardwood floors
Central air
Washer/dryer in unit
Dishwasher
Pets allowed
No Pool
No Parking
Pet policy: Dogs and cats allowed, subject to board approval and weight restrictions
Amenity information sourced from building listings and public records. Amenities are subject to change — verify current offerings with building management before closing.
Transit
33rd St (Park Ave)
6
2 blocks
28th St (Park Ave)
6
3 blocks
28th St (Broadway)
NRW
4 blocks
Herald Sq-34th St
NRW
4 blocks
Herald Sq-34th St
BDFM
4 blocks
Walk Score 98Transit Score 95Bike Score 85Source: Walk Score
Commute times from this building
Destination
🚶 Walk
🚇 Subway
Lines
The Flatiron Building (175 Fifth Ave)
12 min
10 min
6 Train
Midtown (47th & Park Ave)
21 min
8 min
6 Train
Hudson Yards (30th & 10th Ave)
24 min
20 min
N/A
World Trade Center (Fulton St)
65 min
23 min
6 Train
Times Square (42nd & Broadway)
20 min
13 min
6 Train/S
Grand Central (42nd & Park Ave)
14 min
7 min
6 Train
Door-to-door estimates via Google Maps transit directions. Times reflect typical weekday conditions.Source: Google Maps
Nearby schools
3
PS 116 Mary Lindley Murray
Public · Grades K–5
0.3mi
8
IS 104 Simon Baruch
Public · Grades 6–8
0.4mi
9
NYC Lab School
Public · Grades 6–12
0.7mi
Nearby colleges: Baruch College (0.3mi), FIT (0.4mi), Parsons/The New School (0.6mi)
School ratings sourced from GreatSchools and are subject to change. School zone boundaries are not guaranteed — verify current zoning directly with NYC DOE at myschools.nyc before purchasing.
Noise Level
Loud
Overall noise level
72/100 noise score
Primary source: East 31st Street is relatively quiet for NoMad, with occasional delivery trucks and standard city traffic
East 31st Street between Park and Madison is well-lit and safe, falling under the 13th Precinct. The block is quieter than Fifth Avenue but busier than the residential side streets — good balance for walking at night.
🚗
Parking
Edison ParkFast on East 31st Street is literally next door — monthly rates around $475. LAZ Parking on 32nd Street is slightly cheaper at $425. Both fill up fast, so get on waitlists early.
📦
Storage
The building has storage units but availability is limited in newer NoMad buildings. Manhattan Mini Storage on Seventh Avenue is your best off-site option, about 8 minutes on foot.
🛒
Grocery and daily errands
Trader Joe's at Herald Square is your closest full-service option at 3 blocks. Whole Foods at Union Square is 6 blocks but worth the walk for quality. Fairway Market closed, so plan accordingly.
🔊
Noise and street life
Units on floors 8+ facing east toward Park Avenue are quieter than street-level. The building's mid-block location means less truck traffic than avenue-facing buildings. Ask about the mechanical floor location before choosing your unit.
🚇
Getting around
The 6 train at 33rd Street is your lifeline — 2 blocks east, direct shot to Grand Central in 7 minutes. Herald Square for N/R/W/B/D/F/M is 4 blocks but gives you more options for Brooklyn and Queens.
30E31's investment story is still being written — the building only delivered in 2016, so long-term appreciation data is limited. Recent sales show softening from the 2022 peak of roughly $1,890k average to $1,542k in 2025. The 421-a tax abatement expires in 2031, which will materially increase carrying costs and could pressure pricing. Liquidity is decent at 95 average days on market, suggesting the new construction appeal still resonates with buyers.
Past appreciation is not a guarantee of future performance. Real estate values fluctuate. All investment decisions should be made with independent financial and legal advice.
Sale price history
2025
$1.54M avg
12 sales
2024
$1.63M avg
18 sales
2023
$1.79M avg
15 sales
2022
$1.89M avg
22 sales
2021
$1.75M avg
sales
Source: NYC ACRIS · Past sales are not indicative of future value.
Building history timeline
2014
Development Announcement
Alchemy Properties announced plans for a 31-story residential tower at 30 East 31st Street, designed by Stephen B. Jacobs Group.
2015
Construction Begins
Ground breaking commenced on the 105-unit luxury condominium project, marketed as bringing modern amenities to NoMad's core.
2016
Building Completion
30E31 delivered its first units to buyers, offering studios through three-bedrooms with full building amenities and 421-a tax benefits.
2017-2019
Initial Sales Phase
Primary sales launched with pricing from approximately $850k for studios to $3.2M for three-bedrooms, capitalizing on NoMad's development boom.
2020-2021
Pandemic Impact
Like most NoMad buildings, 30E31 saw pricing pressures and reduced sales volume during COVID-19, with increased inventory and price reductions.
2022
Market Peak
Sales reached peak pricing around $1,890k average as NoMad recovered and new construction inventory tightened.
2025-2026
Current Market
Recent sales average $1,542k as the market has softened from 2022 peaks, with 95 average days on market suggesting steady but selective buyer interest.
Frequently asked questions
What happens when the 421-a tax abatement expires at 30E31?
The 421-a tax abatement at 30E31 expires in 2031, which means property taxes will increase significantly over a phase-out period. Currently reduced taxes will gradually increase to full assessed value, typically adding $800-$1,500 per month in carrying costs depending on unit size. This is a predictable expense that buyers should factor into long-term ownership budgets.
Does 30E31 have parking?
No, 30E31 does not have an on-site parking garage. The nearest options are Edison ParkFast on East 31st Street (next door) for around $475/month and LAZ Parking on 32nd Street for approximately $425/month. Both garages typically have waitlists, so early registration is recommended.
What subway lines serve 30 East 31st Street?
The 6 train at 33rd Street and Park Avenue is just 2 blocks away, providing direct access to Grand Central in 7 minutes and Midtown East. Herald Square (4 blocks) offers N/R/W/B/D/F/M lines for broader connectivity to Brooklyn, Queens, and Midtown West.
What are the building amenities at 30E31?
30E31 offers full-service amenities including 24-hour doorman, concierge, fitness center, rooftop terrace with city views, bike storage, package room, and laundry facilities. The building also has a live-in superintendent and on-site management.
Is 30E31 a good investment property?
30E31 allows subletting with board approval after one year of ownership, making it suitable for investment. However, the 421-a tax abatement expires in 2031, which will increase carrying costs significantly. Factor this tax increase into rental yield calculations and long-term investment planning.
Explore the neighborhood
Everything you need to know about living in Flatiron NoMad — restaurants, history, things to do, and the honest local guide.
