Why Live in Lower East Side
The Lower East Side (LES) in New York City is a vibrant Lower Manhattan neighborhood known for its rich immigrant history and creative atmosphere. The area features a diverse mix of housing, from postwar complexes and prewar tenement-style co-ops to modern condo towers. LES is renowned for its eclectic nightlife, with Stanton Street to Dime Square offering a variety of eateries and alternative bars. Popular spots include Le Dive, Forgtmenot, Kiki’s, and the iconic Scarr’s pizza. Houston Street is home to traditional Jewish delicatessens like Katz’s and Russ & Daughters, while Stanton and Clinton streets are lined with bars and restaurants such as Pianos and Welcome to the Johnsons. The Essex Market and Crossing development provides a European-style food hall alongside a Target and Trader Joe’s. Art enthusiasts will appreciate the cutting-edge galleries showcasing emerging talents.
LES offers several highly rated schools, including PS42 Benjamin Altman Elementary and New Design High School. The neighborhood is well-connected, with the Delancey Street subway station served by the F, J, M, and Z lines, and easy access to the Williamsburg and Manhattan bridges. The East River Park, currently under renovation, will feature state-of-the-art sports fields and a promenade upon completion in 2024. Seward Park offers a playground, tennis courts, and Ping Pong tables, while the Abrons Arts Center provides community-oriented performances and classes. The Museum at Eldridge and the Tenement Museum highlight the area's Jewish and immigrant heritage. With a crime rate lower than the national average, LES is a lively and culturally rich neighborhood with plenty of things to do.
Home Trends in Lower East Side, NY
On average, homes in Lower East Side, Manhattan sell after 138 days on the market compared to the national average of 52 days. The median sale price for homes in Lower East Side, Manhattan over the last 12 months is $820,000, down 3% from the median home sale price over the previous 12 months.
Median Sale Price
$820,000
Median Single Family Sale Price
$895,000
Median Townhouse Sale Price
$1,340,000
Median 2 Bedroom Sale Price
$1,100,000
Median 1 Bedroom Sale Price
$857,500
Average Price Per Sq Ft
$1,351
Number of Homes for Sale
89
Last 12 months Home Sales
121
Median List Price
$999,972
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-3%