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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan · New York, NY
16 active listings · Median $35K
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A condo-dominant submarket with rents at the 5-year high, sale values below the 5-year high, and sale listings clearing quickly.
Median asking rent in Nolita sits at $5,495/month, matching the 5-year high. Rents are up +11.6% year over year and +103.7% over the past 5 years. Median sale price stands at $35K, 97.8% below the 5-year high recorded in Jul 2013.
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.
Nolita (North of Little Italy) is a stylish and intimate neighborhood known for its narrow streets, boutique shopping, and cozy cafes. It offers a village-like atmosphere that feels worlds away from the surrounding bustle. The real estate market is characterized by historic low-rise walk-up building...
| Borough | Manhattan |
| Zip Code | 10012 |
| Subway | 1, 6, A, B, C, D, E, J, N, Q, R, W, Z trains |
| Building Types | Condos, Walk-ups |
Stations: Spring St (0.05 mi), Prince St (0.15 mi), Bowery (0.22 mi), Grand St (0.32 mi), Canal St (0.32 mi)
Midtown: 10 min (N express from Prince St)
| School | Grades | Dist |
|---|---|---|
| The STAR Academy - P.S.63 | PK-5 | 0.50 mi |
| P.S. 020 Anna Silver | PK-5 | 0.57 mi |
| P.S. 015 Roberto Clemente | PK-5 | 0.68 mi |
| P.S. 150 Tribeca Learning Center | PK-5 | 0.75 mi |
| P.S. 234 Independence School | PK-5 | 0.87 mi |
| I.S. 140 Tompkins Square Middle School | 6-8 | 0.77 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 Nolita
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Properties in Nolita
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 Nolita 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 Nolita is $35K. Condos sit at a median of $1.5M and co-ops at $35K.
No. The median sale price in Nolita is currently 97.8% below the 5-year high recorded in July 2013. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Nolita have a median of 13 days on market. Roughly 11.8% of active listings have recorded a price cut, suggesting some negotiating room.
Nolita is broadly balanced right now, with median days on market at 13 days and 11.8% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Nolita offers both co-ops and condos. Condos are the higher-priced segment at a $1.5M median, with co-ops at $35K.
Roughly 3 homes change hands each month in Nolita 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 Nolita is $5,495/month. Live RLS listings show studios at $28,000, 1-bedrooms at $6,200, 3+ bedrooms at $7,250 per month. Rents are up 11.6% year over year.
Yes. The median asking rent in Nolita is currently at the 5-year high. Tenants searching the neighborhood right now are competing in a market priced at peak.
Median asking rent in Nolita has risen 103.7% 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 Nolita, median sale prices range across Soho at $3.8M, Little Italy at $1.6M, All Downtown at $1.5M, Chinatown at $550K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Nolita 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 10 minutes from Prince 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 Nolita, 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 Nolita, I will guide you every step of the way.
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