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East Village

East Village
New York, NY 10002
Residential, Multifamily

The East Village is a neighborhood in downtown Manhattan, bounded by Broadway, 14th Street, Houston Street and the East River. Like many other New York neighborhoods, it is the site of real estate development and gentrification that is reducing its population of artists and nightlife party people and increasing its population of families and upper-middle-class professionals. In the 1950s and 1960s, those artists, musicians, hippies, and students replaced the neighborhood's previous residents, working-class immigrant families. The Bowery, a street in the neighborhood once lined with flophouses has been transformed along with rising real estate prices. Punk music venue CBGB, on the Bowery, closed and was replaced by upscale men's clothing boutique John Varvatos in 2007. Other vanguards of gentrification included the Cooper Square Hotel and Avalon Bowery Place. High-end condominiums, like the curvy Astor Place tower, have replace some walkup rental buildings. Alphabet City is a subsection of the East Village and derives its name from the single-letter avenues that travel through it: Avenues A, B, C and D.

  • Address East Village
  • neighborhood East Village
  • borough Manhattan
  • Event Sales
  • Address East Village portfolio
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 28,750,000
  • Event Sales
  • Address East Village portfolio
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 130,000,000
  • Event Sales
  • Address East Village portfolio
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 49,000,000
  • Event Sales
  • Address East Village package
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 3,600,000
  • Publication Date 11/01/2012
  • Event Date 09/17/2012
  • Party 2 Rash LLC
  • Party 2 Brokerage Daniel T Enterprises
  • Party 2 Broker Tamir Daniel
  • Event Sales
  • Address East Village portfolio
  • Borough Manhattan
  • Price $ 97,500,000
  • Price per foot $ 376,000.00
notes
The 17-building portfolio sold for $97.5 million, or $376,000 per unit. Extell had purchased the portfolio for $72 million just 18 months earlier.
  • Event Sales
  • Address Harlem and East Village portfolio
  • Borough Manhattan
  • Price $ 225,000,000
  • Publication Date 05/01/2007
  • Event Date 03/22/2007
  • Party 2 Dawnay, Day Group
notes
The London-based financial and property group bought 47 buildings in East Harlem and seven condo units in the East Village for $225 million, 13 times the gross rent roll. The Harlem properties are located between East 100th and East 120th streets, and the portfolio also includes 58 commercial units.

06/01/2018
That analysis shows that the East Village/Lower East Side, the Far West Side and the Financial District not only have some of the highest levels of inventory, but also have pipelines that are likely to keep ballooning...

06/08/2017
With apparel retailers feeling the squeeze from online competition, grocers, food halls and restaurant tenants accounted for five of the 10 biggest retail deals inked in the With apparel retailers feeling the squeeze from online competition, grocers, food halls and restaurant tenants accounted for five of the 10 biggest retail deals inked in the...

06/01/2017
(Photos by Michael McWeeney) New York’s top residential agents have catapulted their careers in recent years by jockeying for hot new-development assignments and winning big (Photos by Michael McWeeney) New York’s top residential agents have catapulted their careers in recent years by jockeying for hot new-development assignments and winning big...

07/01/2016
Gomes and Eklund said that at many projects â€' such as the 80-unit 1 Seaport, which is being developed by Fortis Property Group, and the 82-unit Steiner East Village, being developed by Steiner NYC â€' they purposely release only five or six units at a time...

02/02/2016
Source: TRD analysis of NY State AG data Did you know that Doug Steiner's just-approved project at 438 East 12th Street is the most expensive Source: TRD analysis of NY State AG data Did you know that Doug Steiner's just-approved project at 438 East 12th Street is the most expensive...

01/04/2016
620 East 6th Street in the East Village,Joseph Chetrit And 257 West 34th Street in Chelsea 1.) Joseph Chetrit’s Chetrit Group and Shifra Hager’s Cornell 620 East 6th Street in the East Village,Joseph Chetrit And 257 West 34th Street in Chelsea 1.) Joseph Chetrit’s Chetrit Group and Shifra Hager’s Cornell...

11/01/2015
Led by Ben Heller and Arnold Simon, Heller owns dozens of rental buildings in prime Manhattan areas such as the Upper West Side and the East Village...

10/22/2015
But the secret to Extell's high total is that many of the permits the developer filed were for rows of adjacent buildings. Two sites -- 1681-1693 Third Avenue on the Upper East Side and 500-524 East 14th Street in the East Village -- accounted for 15 of Extell's 18 permits...

10/14/2015
This "Airbnb effect" is also pronounced in Midtown, Chelsea and Hell's Kitchen. Rents in those neighborhoods would drop by around $39 to $67 a month. In the East Village, Lower East Side and Chinatown, rents would drop by about $30 to $57...

09/01/2015
Chelsea and Midtown West are each expected to see roughly 2,500 new condos hit the market in the next three years, according to Corcoran Sunshine data, while the Financial District, with roughly 2,000 units, is “coming back with a vengeance,” said Mack. Midtown East and the East Village are projected to get 1,400 units each, followed by the Upper East Side (1,200 units) and Upper West Side (1,000 units)...

07/29/2015
Only one other building in the city saw more short-term flips than One Madison â€' CBSK Ironstate’s the Jefferson, at 211 East 13th Street in the East Village, which had five such deals worth $8.5 million...

01/02/2015
Generally, however, landlords in Manhattan have stepped back from aggressively filing holdover cases. Among the dozen buildings TRD highlighted, the vast majority of the cases filed were nonpayment cases. But there were a few exceptions. In addition to 425 West 44th Street (where all the cases were holdover cases), 11 of the 21 cases at 533-541 West 158th Street are holdovers. And two buildings, ranking 10th and 11th on the list, are in gentrifying areas of the city and had several holdover cases. In the larger building, owned by Kushner Companies, there were a total of five holdover cases brought against residents in four of the apartments at 170-174 East Second Street in the East Village...

02/01/2014
“In the East Village, you’re seeing portfolios trade at $350,000 to $400,000 a unit,” he said...

01/01/2014
Full-service healthy restaurants are also expanding. For example, the popular East Village vegetarian restaurant Dirt Candy inked a lease for a larger space, at 86 Allen Street, for about 2,600 square feet...

08/01/2013
Many of the buildings Halstead manages are new condos, such as One Jackson Square, a 30-unit development in Greenwich Village where sales were handled by the Corcoran Group, which is not in the management business; 110 Third Avenue, an East Village condo developed by Toll Brothers; and the Lucida condo at 151 East 85th Street...

05/01/2013
For example, there were three popular residential neighborhoods in Manhattan that had surprisingly few sales above $1 million recorded by StreetEasy. The Lower East Side and the East Village had only about three dozen such residential property sales in 2012...

10/29/2009
The East Village and the Lower East Side saw listing rents drop almost as much, down by 35 percent...