To nobody's surprise, the Lower East Side has officially joined the million dollar club.
The popular neighborhood is now one of the priciest neighborhoods to live in NYC, with real estate sales at a median price of $1 million or more, according to a new study released Monday from StreetEasy. According to the site, the Lower East Side now has a median recorded sales price of $1,371,587, thanks to “a number of sales in high-end new developments this year.” For more context, sales prices in the area have nearly doubled since 2015.
The Lower East Side, largely inhabited by fresh-out-of-college revelers and lively crowds, offers a lot to do in its stretch from the Bowery to East River Park—from high-end boutiques to a large variety of dining options. But the nabe is best known for its strong hold on Manhattan’s nightlife scene. The sheer volume and variety of bars and gastropubs brings many young people flocking down for a night out.
So it's no shock the neighborhood has become a noteworthy place to snag some gorgeous property.