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Nolita

Nolita

Neighborhood in Manhattan, New York

New York County 10012

$3,015,209 Average Value
$2,386 Average Price per Sq Ft
16 Homes For Sale

A trendy Lower Manhattan enclave with upscale condos

The quieter, cooler cousin to neighboring Soho, Nolita is a petite enclave that exudes an intimate, in-the-know vibe. Smart bistros, lively bars and trendy local shops have replaced old neighborhood spots familiar to Italian immigrants who grew up in what used to be known as North of Little Italy. “Nolita has a style, rhythm and culture all its own,” says rock star and interior designer Lenny Kravitz of Kravitz Design, which recently completed the interiors of the luxury condominium 75 Kenmare. It's one of just a handful of newer developments in this small, sought-after neighborhood, which also counts converted prewar buildings with high ceilings. There are usually limited properties for sale at any given time, making it one of the priciest neighborhoods in downtown Manhattan.

Explore the lively Nolita streets in New York.
Explore the lively Nolita streets in New York.
Take a stroll through Nolita and enjoy great shopping and dining.
Take a stroll through Nolita and enjoy great shopping and dining.
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Quaint bistros like Cafe Gitane and Fiat Cafe

Though packed with hip boutiques and cafes, Nolita, with its narrow streets and sidewalks, still manages to feel less frenetic than many downtown neighborhoods. There's the French-Moroccan eatery Cafe Gitane--the place to see and be seen in Nolita--and Fiat Cafe, whose bubblegum pink walls are adorned in various models of Fiat cars. Sant Ambroeus Gelateria is a local favorite for gelato and Italian specialties. Stylish Swiss bistro Cafe Select is just across the street from La Esquina, the speakeasy-style subterranean tequila den. People travel around the world to visit E.R. Butler, a manufacturer of fine architectural hardware dating back to 1827. Hip perfumers Diptique, Aesop and Le Labo are just steps away from each other. Love Adorned is a well-curated treasure trove of jewelry, home goods, well-worn rugs and couches piled in pillows.

Have an espresso or a latte at one of the cafes in Nolita.
Have an espresso or a latte at one of the cafes in Nolita.
Cafes are featured all over Nolita, providing residents with coffee options for everyone.
Cafes are featured all over Nolita, providing residents with coffee options for everyone.
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Conversions and new construction including 75 Kenmare

For buyers, Nolita is primarily about condominiums, with only a few co-ops and townhouses sprinkled throughout. "Due to the extremely limited availability of units on the market, Nolita residences are exclusive and pricey," says Donna Strugatz, licensed real estate agent at SERHANT, with over 150 transactions. A condo here costs approximately $2,080 per square foot, with a median sales price of around $4.5 million. Among the new-builds are 75 Kenmare, a seven-story condo with one- to- four-bedroom units averaging around $3 million, and 378 Broome, with just four residences priced from $3.3 million. Conversions include The Residences at Prince, a Federalist-style four-story building that was once a school for generations of locals and immigrants, including Martin Scorsese, before closing in 2010. In 2016, it launched as a seven-unit condo building, where prices started at $8 million.

There are plenty of condos to choose from in Nolita.
There are plenty of condos to choose from in Nolita.
Nolita is primarily about condominiums.
Nolita is primarily about condominiums.
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The Feast of San Gennaro

Every year in mid-September, The Feast of San Gennaro honors the patron saint of Saint of Naples with a grand street fair. Featuring marching bands, floats, revelers and the statue of San Gennaro, the parade is accompanied by festive tinsel decorations and neon light banners. While the feast technically takes place in Little Italy, it has spread into Nolita as immigrants moved out and the neighborhood changed over time. The 11-day celebration is located along Mulberry Street between Canal and Houston Streets, Hester Street between Baxter and Centre Streets, and Grand between Baxter Street and Centre Market Place.

Nolita welcomes thousands every year for the The Feast of San Gennaro.
Nolita welcomes thousands every year for the The Feast of San Gennaro.
The Feast of San Gennaro is a tradition for Little Italy in Nolita.
The Feast of San Gennaro is a tradition for Little Italy in Nolita.
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Elizabeth Street Garden is a community refuge

For over 200 years, Elizabeth Street Garden has existed as a public green space. Open year-round, the 1-acre community garden on Elizabeth between Prince and Spring is adorned with antique sculptures placed by the original owner, an antique dealer. Onlookers can spot visitors reading on benches, eating at bistro tables, strolling through the various gardens or playing bocce in the designated court. Once a year, New Yorkers come from around the city to see the park’s annual Halloween dog parade, featuring a costume contest judged by representatives from local businesses.

The garden was established in 1991 after the site was left vacant for at least 10 years prior.
The garden was established in 1991 after the site was left vacant for at least 10 years prior.
The garden features statues, ample seating, and tons of greenery.
The garden features statues, ample seating, and tons of greenery.
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Multiple subway lines at Broadway Lafayette

The Broadway Lafayette station has local and express trains: 6, B, D, F and M.

Take the B-D-F-M OR 6 train from the Broadway-Lafayette station.
Take the B-D-F-M OR 6 train from the Broadway-Lafayette station.
Subway options are available at the Broadway-Lafayette station.
Subway options are available at the Broadway-Lafayette station.
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Nearby schools in Little Italy and the Flatiron

Although there are no public schools within Nolita, P.S. 130 Hernando De Soto is located in neighboring Little Italy. This pre-K through fifth-grade school has one of the highest attendance rates in the city and an A Niche rating. The Clinton School, an A-rated Niche middle through high school, is known for its highly acclaimed arts programming.

PS 130 Hernando De Soto is ranked in the top 100 elementary schools in New York City.
PS 130 Hernando De Soto is ranked in the top 100 elementary schools in New York City.
The Clinton School is a public middle and high school in New York.
The Clinton School is a public middle and high school in New York.
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Gabrielle Golenda
Written By
Gabrielle Golenda
Joseph DiBlasi
Photography Contributed By
Joseph DiBlasi
Jacob Branchaud
Video By
Jacob Branchaud

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 Javier Lattanzio, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Laguardia

19 min drive

Bus

Bowery & Prince St

Bus

Bowery & Kenmare St

Bus

Cleveland Pl & Spring St

Crime and Safety

1 - Low Crime, 10 - High Crime Nolita US
Homicide 2 4
Sexual Assault 4 4
Assault with Weapon 4 4
Robbery 7 4
Burglary 5 4
Motor Vehicle Theft 2 4
Larceny 5 4
Crime Score 5 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$2,972,500
Median Single Family Price
$7,200,000
Median Townhouse Price
$9,200,000
Median 2 Bedroom Price
$2,950,000
Median 1 Bedroom Price
$1,612,000
Average Price Per Sq Ft
$2,386
Number of Homes for Sale
16
Last 12 months Home Sales
20
Months of Supply
9.60
Median List Price
$3,495,000
Median Discount From 1st List Price
9%
Median Home Sale Price YoY Change
17%

Home Facts

Number of Homes in Neighborhood
320
Median Year Built
1925
Avg. Single Family Home Size Sq Ft
4,884
Significantly above the national average
1,935
Average Townhouse Size Sq Ft
2,354
Average 2 Bedroom Size Sq Ft
1,482
Average 1 Bedroom Size Sq Ft
854
Median Lot Size Sq Ft
43,560

Open Houses

  • Sunday, Apr 27
    10:30 - 11:30am

    25 Prince St Unit 2A, New York, NY 10012

    $2,500,000

    • 1 Bed
    • 1 Bath
    • 731 Sq Ft
    • 25 Prince St
    • Unit 2A
    • New 14 days ago

    A truly rare and refined offering, this full-floor 1-bedroom home is located in a discreet 3-unit boutique building in the heart of Nolita. Fully customized by the current owner, the residence showcases exceptional craftsmanship, sophisticated materials, and a designer’s eye in every detail.Immediately upon entry, you're wowed by a color-drenched foyer that artfully separates the private living

    Carlin Smith Compass

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  • Sunday, Apr 27
    11am - 12pm

    211 Elizabeth St Unit 5N, New York, NY 10012

    $5,195,000

    • 2 Beds
    • 2 Baths
    • 1,610 Sq Ft
    • 211 Elizabeth St
    • Unit 5N

    Welcome to Residence 5N, a meticulously designed 1,610 sq. ft. split two-bedroom, two-bath home in one of downtown's most distinguished boutique condominiums. Designed by the renowned Roman and Williams, whose founders have been recognized among America's 50 Most Influential Designers, this residence is a masterclass in craftsmanship, sophistication, and thoughtful detail. From the

    Ileen Schoenfeld Brown Harris Stevens Residential Sales LLC

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  • Sunday, Apr 27
    3 - 4pm

    378 Broome St Unit 2, New York, NY 10013

    $4,750,000

    • 2 Beds
    • 2.5 Baths
    • 2,180 Sq Ft
    • 378 Broome St
    • Unit 2

    Enter the private keyed elevator that opens into this never been lived, brand new, custom upgraded 2/3 Bedroom, 2.5 Bath 2,180 sq. ft. duplex condominium with a stunning 1,000 sq ft private terrace with outdoor Kitchen. First Level: The sun-flooded Great Room with double-height 19-foot ceilings and six oversized panoramic casement windows creates a dramatic space for luxurious entertaining and

    Amanda Jordan Sothebys International Realty

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

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

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
6,343
Median Age
36
Population under 18
14.3%
Below the national average
23.8%
Population over 65
15.7%
On par with the national average
19.1%

Finances

Median Household Income
$97,288
Significantly above the national average
$71,702
Average Household Income
$138,745

Education and Workforce

High School Graduates
89.8%
College Graduates
77.6%
Significantly above the national average
34.1%
Advanced Degrees
25%
Above the national average
13.3%
% Population in Labor Force
72.8%

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®

94 / 100

Walker's Paradise

Walk Score®

100 / 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.

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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
Nolita
Javier Lattanzio
Time Equities Inc
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