Manhattan’s NoMad neighborhood, which stands for North of Madison Park, is predominately comprised of office buildings, but in recent years, more apartments, condos, and co-ops have been springing up in the area, reports The New York Times’ C.J. Hughes.
For years, Manhattan’s NoMad neighborhood often seemed like the real estate equivalent of a shoal in the flow of buyers heading downtown, eager to find the next trendy neighborhood. They frequently circumvented the longtime office district, around Fifth Avenue in the 20s and 30s, leaving it high and dry.
Office buildings still dominate the area, but some, like the Grand Madison building on Fifth Avenue, have been converted to condos. Also, Hughes repots, there’s a 48-unit condo conversion set to open next summer on Fifth Avenue and other projects that are under construction – both condos and apartments – that will be opening nearby.