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Lower East Side

Lower East Side
New York, NY 10002
Residential, Multifamily

The Lower East Side is a neighborhood in lower Manhattan, bounded by Canal Street, Houston Street, the Bowery, and the East River. Like other neighborhoods in the city, it has undergone successive transformations, from a colonial-era farm, to a working-class district where immigrants lived in tenement buildings, into a hub of nightlife, music, and art, and finally, into an enclave for wealthy New Yorkers. As of 2015, high-end boutiques, restaurants, hotels, and residential condominiums were in the process of transforming the character of the Lower East Side. Real estate developments in the neighborhood have included the 21-story Hotel on Rivington and the 16-story Blue residential condominium on Norfolk Street. A large mix-used development, Essex Crossing, was under construction on the Lower East Side. BFC Partners, L+M Development Partners, and Taconic Investment Partners are the developers of the planned nine-building complex, with construction of 1,000 residential units, 250,000 square feet of office space, and 600,000 square feet of retail expected to last through 2024. -GB

  • Address Lower East Side
  • neighborhood Lower East Side
  • borough Manhattan

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...

06/01/2018
Square Mile Capital Management originated the debt. Taconic â€' in partnership with BFC Partners, L+M Development Partners and Goldman Sachs â€' has $1.5 billion in mixed-use development underway in the Lower East Side, including more than 1,000 apartments...

12/13/2017
Per CityRealty, 47 percent of the condo sales volume was Downtown, with 24 percent in Midtown, 14 percent on the Upper East Side, 10 percent on the Upper West Side and 5 percent in FiDi. Condo prices rose 27 percent on the Lower East Side in 2017, the highest of any neighborhood...

08/15/2017
From left: Rendering of Essex Crossing, Hard Rock Hotel and Riverwalk The largest new building proposed in July will be part of a 1.65 million-square-foot megadevelopment From left: Rendering of Essex Crossing, Hard Rock Hotel and Riverwalk The largest new building proposed in July will be part of a 1.65 million-square-foot megadevelopment...

06/15/2017
Because of an error, an earlier version of this story incorrectly included a mechanical building at Baruch Houses on the Lower East Side...

06/01/2017
They were followed by Compass President Leonard Steinberg with $253 million in new-development listings â€' a chunk of them at Ben Shaoul’s 196 Orchard on the Lower East Side and the Foster + Partners-designed 100 East 53rd Street...

12/16/2016
Rents also fell slightly in Queens. Out of all Manhattan neighborhoods, prices rose the most year-over-year in Soho, ticking up 7.8 percent. Meanwhile, average rents fell by 7.8 percent in the Lower East Side, the most in the borough. Read the full reports on Manhattan, Brooklyn, and Queens...

10/10/2016
Plans show a building that is expected to span 346,364 square feet and have 263 apartments. The overall nine-site megaproject will bring more than 1,000 housing units and 850,000 square feet of commercial space to the Lower East Side...

09/01/2016
Related's Stephen Ross Residential condo development is the riskiest sector within the risky business of real estate. Evidence for that is found in both the Related's Stephen Ross Residential condo development is the riskiest sector within the risky business of real estate. Evidence for that is found in both the...

01/04/2016
3.) A.D. Real Estate Investors nabbed a six-story rental building at 620 East 6th Street for $11.3 million from Marolda Properties. Beer hall Against the Grain and its sister wine bar, Grape and Grain, occupy the building’s ground floor. The upper floors of the 13,500-square-foot building are home to 22 residential units. Marolda last sold a three-building package of rental buildings on the Lower East Side for $2.4.4 million...

01/01/2016
A rendering of the Dekalb Market Hall, set to open in March More than 500 years ago, Algonquin Indians were trading meat and crops on A rendering of the Dekalb Market Hall, set to open in March More than 500 years ago, Algonquin Indians were trading meat and crops on...

11/01/2015
L&M and BFC are also jointly developing the 1.9 million-square-foot, mixed-use Essex Crossing project on the Lower East Side...

10/14/2015
Map of Airbnb listings (credit: Inside Airbnb) UPDATED: 9:00 p.m., Oct. 14: Airbnb and other short-term rental services straddle a fine line between the so-called Map of Airbnb listings (credit: Inside Airbnb) UPDATED: 9:00 p.m., Oct. 14: Airbnb and other short-term rental services straddle a fine line between the so-called...

09/01/2015
Mack said the East Village and Lower East Side are at a turning point as large-scale projects migrate Downtown...

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...

06/01/2012
With that development nearly sold out, MNS has several buildings in the pipeline, ranging from 20 to 100 units and located in the Lower East Side, Union Square and Murray Hill, Barrocas said...

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