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Lower East Side

Lower East Side

Urban Core Neighborhood in Manhattan, New York

New York County 10002

$1,229,559 Average Value
$1,370 Average Price per Sq Ft
83 Homes For Sale

A thriving nightlife scene defines this east side neighborhood

The Lower East Side, also known as LES, is a bustling Lower Manhattan neighborhood steeped in immigrant history. The area has long been popular with creatives, lending to its laid-back and irreverent vibe. Today, a thriving nightlife scene running from Stanton Street to Dimes Square incorporates an ever-changing selection of eclectic eateries and alternative bars. Homes vary from postwar complexes and prewar tenement-style co-ops to modern condo towers. “First-time homebuyers or those looking to expand a bit can get more bang for their buck down here as the price per square foot is less expensive than in the nearby East Village,” says Neal Young, a longtime LES resident and agent with Brown Harris Stevens.

The punk scene is very much alive and well in the East Village.
The punk scene is very much alive and well in the East Village.
Hotel Chantelle is an iconic NYC venue in the Lower East Side with fine dining options.
Hotel Chantelle is an iconic NYC venue in the Lower East Side with fine dining options.
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Hip and historic haunts

With trendy spots like Le Dive, Forgtmenot and Kiki’s, the Dimes Square micro-neighborhood on the southern edge of LES and close to Chinatown has become one of the city’s hottest hangouts. Nearby Scarr’s is a pizza institution. On Houston Street, Jewish delicatessens Katz’s and Russ & Daughters uphold tradition. Stretching south to Delancey Street, Stanton and Clinton streets are packed with bars and restaurants including Pianos, a popular bar hosting live Indie music sets. Welcome to the Johnson's is a favorite neighborhood dive, where PBR beer is served in a setting that recalls the area’s gritty past. Around the corner, Beauty & Essex is an old-school pawn shop moonlighting as a New American bistro. The recently opened Essex Market and Crossing development incorporates a European-style food hall with artisanal vendors but also a Target and Trader Joe’s grocery store. LES has also become a haven for cutting-edge art galleries showcasing up-and-coming talents.

There are multiple supermarkets available to East Village residents, including two Trader Joe's.
There are multiple supermarkets available to East Village residents, including two Trader Joe's.
Katz's Delicatessen calls Lower East Side home as many from around the world come to dine here.
Katz's Delicatessen calls Lower East Side home as many from around the world come to dine here.
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Sleek condos join original tenement buildings

LES has a mix of housing and a prevalence of rental tenement buildings. New construction condo towers can be found dotted around, with two bedrooms fetching between $900,000 and $3.5 million, depending on square footage and views. Similar, renovated units in updated Greek Revival co-op buildings hover around $1 million. The section of LES between Essex Street and the East River is often called Co-op Village: postwar developments like Masaryk Towers and Grand St. Settlement with units going for $550,000 to $1.1 million. “People choose these complexes for space, value, and up-to-date amenities like gated parks, playgrounds, and gyms,” says Young.

208 Delancey Street, as designed by Oda is a crucial building in the heart of Lower East Side.
208 Delancey Street, as designed by Oda is a crucial building in the heart of Lower East Side.
The Lower East Side has many New contemporary designed buildings, including 100 Norfolk St.
The Lower East Side has many New contemporary designed buildings, including 100 Norfolk St.
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A new flood-resistant riverfront park and heritage sites

Currently under renovation, the East River Park has been raised 8 feet to protect against flooding. When completed in late 2024, the green space will include state-of-the-art sports fields, a running track and a promenade connecting into Manhattan’s waterfront greenway system. Seward Park has a landmarked playground, soccer field and a well-utilized ping-pong table. The Abrons Arts Center is a community-oriented performance venue with classes for children. While the Museum at Eldridge Street–an ornate synagogue still in operation–celebrates LES’s Jewish heritage, the Tenement Museum commemorates the area’s rich immigrant history.

Visit the East River Park, which has been raised 5 feet to protect against flooding.
Visit the East River Park, which has been raised 5 feet to protect against flooding.
Tenement Museum in Lower East Side is an 1863 preserved tenement building with rich history.
Tenement Museum in Lower East Side is an 1863 preserved tenement building with rich history.
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Top-rated schools including New Design High that emphasizes the arts

Young Lower East Siders can begin their education at P.S. 42 Benjamin Altman elementary, one of the best schools for math and reading in the city, and with an A-minus score from Niche. For Grades 6 through 8, the B-minus-rated School for Global Leaders has a rigorous International Baccalaureate program. New Design High School champions the arts and has a B-plus.

PS 42 Benjamin Altman - Shaping the future of Lower East Side.
PS 42 Benjamin Altman - Shaping the future of Lower East Side.
New Explorations Into Science, Tech and Math High School, Lower East Side.
New Explorations Into Science, Tech and Math High School, Lower East Side.
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Delancey Street subway hub, bridges and ferry service

The Delancey-Essex Street subway station is served by the F, J, M, and Z lines, linking different parts of Brooklyn with Manhattan. The Williamsburg and Manhattan bridges do the same for cars, bikes and pedestrians. Running between LES and the East River, the Franklin D. Roosevelt Drive highway can be accessed at multiple points. Ferries at Corlears Hook, located in East River Park and at the end of Jackson Street offer direct connections to DUMBO, Wall Street and Rockaway Beach during the summer.

The J, Z, F, and M Trains serve the Lower East Side community to other parts of Manhattan.
The J, Z, F, and M Trains serve the Lower East Side community to other parts of Manhattan.
The Williamsburg Bridge connects Brooklyn and Lower East Side with its walking & cycling paths.
The Williamsburg Bridge connects Brooklyn and Lower East Side with its walking & cycling paths.
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Adrian Madlener
Written By
Adrian Madlener
Daniel Byrne
Photography Contributed By
Daniel Byrne
Mike Dunleavy
Video By
Mike Dunleavy

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

Interested in learning more about homes in this area? Reach out to Jacob Goldman, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Laguardia

19 min drive

Subway

Delancey Street

Subway

Essex Street

Subway

East Broadway

Bus

Madison St & Grand St

Bus

Grand St & Fdr Dr

Bus

E Houston St & Columbia St

Bus

Fdr Dr S & Fdr Dr S

Bus

Grand St & Pitt St

Bus

Essex St & Grand St

Bus

E Houston St & Norfolk St

Crime and Safety

1 - Low Crime, 10 - High Crime Lower East Side US
Homicide 3 4
Sexual Assault 5 4
Assault with Weapon 4 4
Robbery 6 4
Burglary 3 4
Motor Vehicle Theft 1 4
Larceny 4 4
Crime Score 4 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$844,999
Median Single Family Price
$790,000
Median Townhouse Price
$1,464,000
Median 2 Bedroom Price
$1,238,750
Median 1 Bedroom Price
$741,250
Average Price Per Sq Ft
$1,370
Number of Homes for Sale
83
Last 12 months Home Sales
108
Months of Supply
9.20
Median List Price
$997,000
Median Discount From 1st List Price
3%
Median Home Sale Price YoY Change
-9%

Home Facts

Number of Homes in Neighborhood
1,006
Median Year Built
1960
Avg. Single Family Home Size Sq Ft
962
Significantly below the national average
1,935
Average Townhouse Size Sq Ft
1,217
Average 2 Bedroom Size Sq Ft
1,156
Average 1 Bedroom Size Sq Ft
758
Average Studio Size Sq Ft
535
Median Lot Size Sq Ft
37,679

Open Houses

  • Sunday, Apr 27
    10:30am - 3:30pm

    475 Fdr Dr Unit L104, New York, NY 10002

    $499,000

    • 1 Bed
    • 1 Bath
    • 475 Fdr Dr
    • Unit L104

    **All showings – including Sunday Open Houses – are by appointment only. If you are working with another agent, that agent needs to reach out to make the appointment and is required to be present.** Discover this charming 1-bedroom apartment featuring a delightful balcony that overlooks the co-op's beautifully manicured private park! The spacious living room boasts a stunning triple-width picture

    Agent Photo
    Jacob Goldman
    LoHo Realty Inc
    (855) 725-1889
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  • Sunday, Apr 27
    10:30am - 3:30pm

    550 Grand St Unit J8E, New York, NY 10002

    $715,000

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • 550 Grand St
    • Unit J8E
    • New 25 days ago

    **All showings – including Sunday Open Houses – are by appointment only. If you are working with another agent, that agent needs to reach out to make the appointment and is required to be present.** Experience this spacious outer-corner 2-bedroom apartment in Hillman, brimming with charm! Each room is filled with natural light, highlighting the expansive living room and foyer, which effortlessly

    Agent Photo
    Jacob Goldman
    LoHo Realty Inc
    (855) 626-3319
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  • Sunday, Apr 27
    10:30am - 3:30pm

    457 Fdr Dr Unit A406, New York, NY 10002

    $835,000

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • 457 Fdr Dr
    • Unit A406
    • New 28 days ago

    **All showings – including Sunday Open Houses – are by appointment only. If you are working with another agent, that agent needs to reach out to make the appointment and is required to be present.**This stunning 2-bedroom apartment that’s ready to be your new home! Bathed in natural light, it boasts breathtaking views of the East River, Williamsburg Bridge, and FDR Park from the living room,

    Agent Photo
    Jacob Goldman
    LoHo Realty Inc
    (855) 768-1217
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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Condo Buildings

Interested in learning more about homes in this area? Reach out to Jacob Goldman, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
37,557
Median Age
42
Population Density
117 ppl/acre
Population under 18
17.7%
Below the national average
23.8%
Population over 65
22.1%
On par with the national average
19.1%

Finances

Median Household Income
$47,611
Significantly below the national average
$71,702
Average Household Income
$83,499

Education and Workforce

High School Graduates
79%
Below the national average
89.1%
College Graduates
45.3%
Above the national average
34.1%
Advanced Degrees
16.2%
% Population in Labor Force
57.3%

Weather

Annual Precipitation
50''
Average Winter Low Temperature
28°F
Average Summer High Temperature
85°F
Annual Snowfall
2''

Area Factors

Biker's Paradise

Bike Score®

97 / 100

Walker's Paradise

Walk Score®

99 / 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
Lower East Side