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Alphabet City

Alphabet City

$1,113,878 Average Value
$1,481 Average Price per Sq Ft
48 Homes For Sale

Alphabet City is a blend of past and present

Stretching from Houston to 14th streets and from Avenue A to the East River, Alphabet City is an eclectic mix of old versus new. Like its larger neighbor, the East Village, Alphabet City is largely made up of prewar rowhouses and tenement-style buildings—many of them rentals—but a growing number of co-ops and luxury condos have debuted in the last decade. This shift is reflected in the area’s commercial space, where neighborhood establishments and historical bars dot the same blocks as new mom-and-pop shops and trendy cocktail lounges. “Alphabet City feels like a true neighborhood, which can be hard to find in Manhattan,” says Yesim Ak, licensed associate real estate broker with Compass, who has been selling real estate in downtown Manhattan for 13 years. “Also, there are fewer tourists in the area, which makes it feel truly local.”

Alphabet City is the perfect neighborhood for lunch and happy hour.
Alphabet City is the perfect neighborhood for lunch and happy hour.
Alphabet City's iconic 5-story brick residences stand tall.
Alphabet City's iconic 5-story brick residences stand tall.
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Independently owned restaurants and a vibrant nightlife

Filled with local eateries, Alphabet City’s culinary scene is global in taste and laid-back in atmosphere. Casa Adela, a cash-only, BYOB hole-in-the-wall, has paid homage to the neighborhood's Puerto Rican community since its opening in 1976. Locals also frequent Bobwhite Counter for authentic southern fare and Nowan for unique, Korean-American fusion. Though highly rated restaurants are aplenty, it’s Alphabet City’s nightlife that draws a crowd. Grungy dive bars line Avenue A, attracting college students and artsy types alike, while more upscale wine and cocktail bars tempt those from around the city. “Mainstream businesses aren’t set up here, so it’s ideal for people who want a more local experience with great nightlife,” says Candice Milano, a licensed associate real estate broker with Brown Harris Stevens.

Taste the vibrant Latin vibes at Yuca Bar in Alphabet City.
Taste the vibrant Latin vibes at Yuca Bar in Alphabet City.
Alphabet City has a vibrant nightlife with dozens of bars to choose from.
Alphabet City has a vibrant nightlife with dozens of bars to choose from.
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A relatively affordable neighborhood for home buyers

Since the 1950s, Alphabet City has become an enclave for creatives. “The artistic legacy of the East Village and Alphabet City is absolutely a draw for people looking to move here,” Ak says. “People think of the neighborhood’s punk-rock scene in the ’80s and they come to New York City wanting a taste of that. Often, people find that in Alphabet City for a relatively affordable price point.” Small renovated co-ops—some of which are HDFC, income-restricted—are in the $400,000 to $600,000 range, while new luxury condo units with two to four bedrooms go for between $1.8 million and $5 million. Prices tend to be consistent throughout the neighborhood, even in buildings close to the cluster of NYCHA public housing towers spanning three superblocks along Avenue D.

Nestled in Alphabet City, intimate apartment buildings and historic townhouses.
Nestled in Alphabet City, intimate apartment buildings and historic townhouses.
Contemporary living meets urban vibe with modern apartments in Alphabet City.
Contemporary living meets urban vibe with modern apartments in Alphabet City.
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A city park beloved by locals

Today, Tompkins Square Park looks like a typical urban park, with basketball courts, playgrounds, a dog run, and small stretches of shaded lawn. But like the rest of Alphabet City, the park is laced with history. A relic of the temperance movement stands near the west end of the square, while the park’s oldest trees are maintained by a devoted committee of volunteers. The concerns over homelessness and gentrification that came to a head in the 1980s are still being addressed today through programs like weekly food distribution. The park hosts annual events like DanceFest in May and the Charlie Parker Jazz Festival in August, plus weekly attractions like the year-round Greenmarket. Nearby, small member-run gardens like 6BC Botanical Garden and La Plaza Cultural offer a quiet respite from busy city streets.

Serenity amidst the city hustle at Tompkins Square Park, Alphabet City.
Serenity amidst the city hustle at Tompkins Square Park, Alphabet City.
Alphabet City locales will find fresh baked breads stacked at the Tompkins Square Green Market.
Alphabet City locales will find fresh baked breads stacked at the Tompkins Square Green Market.
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Highly rated community schools with cultural programming

The area has two elementary schools with A ratings from Niche, including P.S. 19 The East Village Community School, which offers weekly programs with Alvin Ailey dance company, Lincoln Center musicians, and other local partners. Tompkins Square Middle School also earned an A from Niche, with a student-teacher ratio of 15-to-1. High school students can attend East Side Community School, which earned a B+ rating from Niche, has a 92 percent graduation rate, and offers peer tutoring and college advisory services.

The student to teacher ratio is 12 to 1 in Alphabet City, New York.
The student to teacher ratio is 12 to 1 in Alphabet City, New York.
East Village Community School is apart of the PS 19 Asher Levy Campus.
East Village Community School is apart of the PS 19 Asher Levy Campus.
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Minimal public transportation

Transportation in Alphabet City is relatively limited, with many residents relying on the bus, including the M14 and M15 express buses, or one of the 20-plus Citi bike stations. Otherwise, the nearest subway lines are the L to the north at First Avenue and 14th Street, and the F to the south at Second Avenue and East Houston Street. Proximity to FDR Drive to the east simplifies farther commutes.

Multiple express and local buses run through Alphabet City providing convenience for residents.
Multiple express and local buses run through Alphabet City providing convenience for residents.
Citi Bike stations throughout Alphabet City provide alternative travel options for locals.
Citi Bike stations throughout Alphabet City provide alternative travel options for locals.
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Teddy Willson
Written By
Teddy Willson
Franklin Abreu
Photography Contributed By
Franklin Abreu

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Laguardia

21 min drive

Bus

Av C & E 8 St

Bus

Av D & E 4 St

Bus

Av C & E 6 St

Bus

Av A & E 5 St

Bus

Av A & E Houston St

Bus

Av D & Loop

Bus

E 10 St & Av D

Crime and Safety

1 - Low Crime, 10 - High Crime Alphabet City US
Homicide 4 4
Sexual Assault 6 4
Assault with Weapon 6 4
Robbery 8 4
Burglary 4 4
Motor Vehicle Theft 2 4
Larceny 4 4
Crime Score 5 4

Source: WhatIsMyCrimeRisk.com

Alphabet City Demographics and Home Trends

Housing Trends

Median List Price
$950,000
Median Sale Price
$692,500
Median Single Family Sale Price
$825,000
Median Townhouse Sale Price
$1,202,000
Median 2 Bedroom Sale Price
$1,524,000
Median Change From 1st List Price
3%
Last 12 months Home Sales
48
Median Home Sale Price YoY Change
-24%
Average Price Per Sq Ft
$1,481

Neighborhood Facts

Number of Homes in Neighborhood
720
Number of Homes for Sale
48
Median Year Built
1935
Months of Supply
12.00
Average Single Family Home Size Sq Ft
2,763
Significantly above the national average
1,925
Average Townhouse Size Sq Ft
1,831
Average 2 Bedroom Size Sq Ft
1,100
Average 1 Bedroom Size Sq Ft
699
Average Studio Size Sq Ft
542

Open Houses

  • Saturday, Sep 20
    9:30 - 11am

    430 E 10th St Unit 2, New York, NY 10009

    $750,000

    • 1 Bed
    • 1 Bath
    • 800 Sq Ft
    • 430 E 10th St
    • Unit 2
    • New 1 day ago

    Located in the vibrant East Village 1 1/2 blocks fromThompkins Square Park and the East River Greenway, this 2nd floor Coop Loft has just been listed for sale.*(walkup one flight)Original wood beams and oversized windows with open views add character, charm, and light.Large Eat in Kitchen with stainless steel appliances, and a washer/Dryer as well. Lots of storage.

    Edward Hickey Compass

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  • Saturday, Sep 20
    4 - 5pm

    99 Ave B Unit PH6DE, Eastvill, NY 10009

    $2,775,000

    • 2 Beds
    • 2 Baths
    • 99 Ave B
    • Unit PH6DE
    • New 15 days ago

    Welcome to 99 Avenue B, Unit PH6DE — a stunning penthouse perched atop a quiet, well-maintained co-op in the heart of the East Village. This sun-drenched 2-bedroom, 2-bath residence, complete with a flexible third room ideal for a guest bedroom, home office, or nursery, is being offered for the first time since undergoing a meticulous full renovation. With south, east, and west exposures from 14

    Marina Tatistcheff Compass

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  • Sunday, Sep 21
    12 - 1pm

    211 E 3rd St Unit 5R, New York, NY 10009

    $2,595,000

    • 2 Beds
    • 2 Baths
    • 1,369 Sq Ft
    • 211 E 3rd St
    • Unit 5R
    • New 16 days ago

    Welcome to 211 East 3rd Street, Apartment 5R — a sun-drenched and thoughtfully renovated two-bedroom, two-bathroom home with exceptionally low monthly carrying costs, in the heart of the East Village.Perched four easy flights up, this bright and airy apartment features twelve windows, custom blinds, and an incredibly spacious layout. The extremely large living and dining areas — a rare

    Joe Messina Compass

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Condo Buildings

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
30,830
Median Age
38
Population Density
128 ppl/acre
Population under 18
16.8%
Below the national average
23.8%
Population over 65
18%
On par with the national average
19.1%

Finances

Median Household Income
$46,721
Significantly below the national average
$71,702
Average Household Income
$83,336

Education and Workforce

High School Graduates
82.3%
Below the national average
89.1%
College Graduates
48.9%
Above the national average
34.1%
Advanced Degrees
19%
% Population in Labor Force
59.1%

Weather

Annual Precipitation
50''
Average Winter Low Temperature
28°F
Average Summer High Temperature
85°F
Annual Snowfall
18''

Area Factors

Biker's Paradise

Bike Score®

99 / 100

Walker's Paradise

Walk Score®

98 / 100

Rider's Paradise

Transit Score®

100 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Nearby Neighborhoods

Reviews

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Alphabet City