Why NoMad?

NoMad, short for "North of Madison Square Park", is a bustling Manhattan neighborhood that is rapidly becoming one of the city's most desirable destinations for commercial real estate investment. With its convenient location, mix of new and historic architecture, and easy access to public transportation, NoMad has much to offer building owners looking to invest in commercial real estate.

One of the key factors driving the growth of NoMad's commercial real estate market is the neighborhood's extensive transportation options. The neighborhood is served by several subway lines, including the B, D, F, M, N, Q, R, and W trains, making it easy for employees and customers to access the area. In addition, NoMad is conveniently located near several major transportation hubs, including Penn Station and Grand Central Terminal, which connect the neighborhood to other parts of the city.

NoMad also offers a range of commercial real estate options to suit a wide range of needs and budgets. The neighborhood has a mix of modern and historic buildings, with a variety of square footage and lease terms available. This has made it an attractive destination for businesses of all sizes and types, from small startups to established corporations.

In addition to its commercial real estate options, NoMad offers a range of amenities that make it an attractive place to invest in commercial real estate. The neighborhood is home to several historic landmarks, including the Flatiron Building and the Metropolitan Life Tower, which draw tourists and visitors to the area. NoMad is also known for its vibrant culinary scene, with a diverse range of restaurants and cafes, making it a popular destination for after-work dining and entertaining clients.

The commercial real estate market in NoMad is both robust and dynamic. In quantitative terms, the neighborhood has experienced a steady increase in rental rates and a strong demand for commercial properties, making it an attractive destination for investors. In qualitative terms, NoMad offers a unique mix of old-world charm and modern sophistication, making it a vibrant and desirable place for businesses to call home.

If you are a building owner looking to invest or sell a building in commercial real estate in NoMad, work with a trusted real estate professional who has a deep understanding of the neighborhood's unique character and history, and explore the many opportunities that this dynamic Manhattan neighborhood has to offer for commercial real estate investment.

As a leading commercial real estate brokerage firm, Invictus Property Advisors is at the forefront of the rapidly evolving NoMad market. With extensive experience and expertise in the New York City real estate market, our team is uniquely positioned to provide clients with in-depth insights and guidance on the latest developments and investment opportunities in NoMad. Whether you are a buyer, seller, or developer, our team is dedicated to helping you achieve your goals and maximize your returns in this exciting and dynamic neighborhood.

Here are some of the major real estate developments currently taking place in NoMad:

1. Madison House: This luxury residential building, located at 15 East 30th Street, features 199 units spread across 62 floors. The building includes a range of high-end amenities, such as a fitness center, a pool, and a rooftop terrace.

2. 277 Fifth Avenue: This luxury condominium building, located at the corner of Fifth Avenue and East 30th Street, features 130 units spread across 55 floors. The building includes a range of amenities, such as a fitness center, a lounge, and a private dining room.

3. Virgin Hotel: This newly-constructed hotel, located at 1227 Broadway, features 500 rooms spread across 38 floors. The hotel includes a number of unique amenities, such as a rooftop bar and a recording studio.

4. NoMad Tower: This mixed-use development, located at 1250 Broadway, includes both commercial and residential space. The development features a striking glass façade and includes over 300 residential units, as well as ground-floor retail space.

5. 325 Fifth Avenue: This mixed-use development, located at the corner of Fifth Avenue and East 32nd Street, includes both commercial and residential space. The development includes over 250 residential units, as well as ground-floor retail space.

These real estate developments are helping to reshape the NoMad neighborhood, attracting a new wave of residents and businesses and transforming the area into a hub for luxury living, dining, and entertainment. As such, the future looks bright for this dynamic and growing neighborhood.