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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan · New York, NY
9 active listings · Median $1.6M
Calculating market narrative...
A primarily condo submarket with softening rents.
Median asking rent in Little Italy is $4,850/month, $365 below the 5-year high set in Mar 2025. Rents are down -7.0% year over year and +79.6% over the past 5 years. Median sale price is $1.57M, near a 5-year high.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Mar 2026.
Little Italy occupies a compact corridor along Mulberry Street in Lower Manhattan between Canal and Houston Streets, defined by red-brick tenement buildings, prewar walk-ups, and cast-iron-facade commercial structures dating to the late 19th century. St. Patrick's Old Cathedral, completed in 1815, a...
| Borough | Manhattan |
| Zip Code | 10013 |
| Subway | 1, 6, A, B, C, D, E, J, N, Q, R, W, Z trains |
| Building Types | Pre-war buildings, Walk-ups |
Stations: Grand St (0.19 mi), Bowery (0.20 mi), Canal St (0.20 mi), Spring St (0.23 mi), Prince St (0.36 mi)
Midtown: 13 min (B express from Grand St)
| School | Grades | Dist |
|---|---|---|
| P.S. 020 Anna Silver | PK-5 | 0.56 mi |
| The STAR Academy - P.S.63 | PK-5 | 0.65 mi |
| P.S. 150 Tribeca Learning Center | PK-5 | 0.68 mi |
| P.S. 234 Independence School | PK-5 | 0.76 mi |
| P.S. 015 Roberto Clemente | PK-5 | 0.77 mi |
| I.S. 312 NYC Lab Middle School | 6-8 | 0.63 mi |
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Based on active listings in Little Italy
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Properties in Little Italy
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 1/1/1970.
Experience across NYC
Transactions closed
Active in Manhattan
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Little Italy buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
The median sale price in Little Italy is $1.6M. Condo sales make up the bulk of activity, with a median of $1.6M.
Yes. The median sale price in Little Italy sits within a few percent of the 5-year high. Pricing is firm and listings priced near the comparable median tend to clear with limited room for negotiation.
Little Italy is primarily a condo market, with the median sale price at $1.6M. Co-op inventory is limited.
Roughly 1 homes change hands each month in Little Italy across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Little Italy is $4,850/month. Live RLS listings show 2-bedrooms at $15,000 per month. Rents are down 7.0% year over year.
Median asking rent in Little Italy is currently $365 below the 5-year high set in March 2025. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Little Italy has risen 79.6% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Little Italy, median sale prices range across Soho at $3.8M, All Downtown at $1.5M, Chinatown at $550K, Nolita at $35K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Little Italy is served by the 1, 6, A, B, C, D, E, J, N, Q, R, W, Z trains. The commute to Midtown Manhattan runs roughly 13 minutes from Grand St.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Little Italy, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: [email protected].
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Licensed Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Little Italy, I will guide you every step of the way.
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