Manhattan · New York, NY
113 active listings · Median $1.3M
Calculating market narrative...
A condo-dominant submarket with strong rent growth, rising sale prices, and sale listings sitting longer than a year ago.
Median asking rent in Lower East Side is $5,200/month, $100 below the 5-year high set in Apr 2026. Rents are up +10.6% year over year and +48.8% over the past 5 years. Median sale price stands at $1.27M, 27.4% below the 5-year high recorded in Sep 2024. Sale listings are clearing 32 days slower than at this point last year.
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 Sep 2026.
The Lower East Side (LES) is a neighborhood where New York’s storied history meets its high-end future. Known for its legendary nightlife and deep historic roots, the area has seen a dramatic transformation with the arrival of luxury towers like Essex Crossing. The housing stock is a unique mix of h...
In my 25+ years selling real estate across New York City, I use this Lower East Side data in real negotiations, not just for a web page.
| Borough | Manhattan |
| Zip Code | 10002 |
| Subway | B, D, F, J, M, Z trains |
| Building Types | Co-ops, Condos, Walk-ups |
Stations: East Broadway (0.26 mi), Delancey St-Essex St (0.29 mi), Grand St (0.49 mi), Bowery (0.55 mi), Second Ave (0.62 mi)
Midtown: 14 min (F express from East Broadway)
| School | Grades | Dist |
|---|---|---|
| P.S. 020 Anna Silver | PK-5 | 0.28 mi |
| P.S. 015 Roberto Clemente | PK-5 | 0.58 mi |
| The STAR Academy - P.S.63 | PK-5 | 0.72 mi |
| P.S. 034 Franklin D. Roosevelt | PK-5 | 0.91 mi |
| Henry Street School for International Studies | 6-12 | 0.08 mi |
| I.S. 140 Tompkins Square Middle School | 6-8 | 0.23 mi |
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Lower East Side housing is historic walk-up co-ops, HDFC units and newer condominiums, including towers around Essex Crossing. Buyers weigh that stock against F/M train access and the downtown dining and retail blocks. Co-op sellers should have the board package and building financials ready, HDFC sellers the income and resale rules, and condo sellers the offering plan amendments and common-charge history.
Built on your building's comparable sales, not a portal estimate.
Seven questions, plus a 2-to-4 family mode with your rent roll.
Commission, transfer taxes, flip tax and payoff, line by line.
Open HPD and DOB items, registration and lien status for 1-to-4 family owners.
With the address I can look at what sold in your building and on your block. If you would rather not give it yet, the email alone is enough.
Calculating market narrative...
| Inventory & Activity | |
| Active Listings | 209 |
| Pending Sales | 51 |
| New This Week | 1 |
| New This Month | 20 |
| Avg DOM | 122.5 days |
| Price Cut Rate | 10.5% |
| Recent Sales | |
| Sold Last 30 Days | 14 |
| Sold Last 90 Days | 43 |
| Sale-to-List | 92.0% |
| Asking Prices | |
| Median Asking | $1,275,000 |
| Average Asking | $1,378,898 |
| Median $/SqFt | $1,421 |
| Median Condo Ask | $2,400,000 |
| Median Co-op Ask | $580,000 |
Based on active listings in Lower East Side
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 9 | $699,000 | $389K - $10.95M |
| 1 Bedroom | 51 | $825,000 | $456K - $1.55M |
| 2 Bedrooms | 38 | $1,472,500 | $725K - $2.89M |
| 3+ Bedrooms | 15 | $1,399,000 | $749K - $5.00M |
View active listings by size:
Properties in Lower East Side
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 is refreshed every 15 minutes per REBNY IDX requirements.
Experience across NYC
NYC transactions
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 Lower East Side buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
Milton helped me purchase my first Manhattan condo, and I can't recommend him highly enough. What could have been a stressful process ended up feeling remarkably smooth. From the initial offer through closing, Milton was responsive, knowledgeable, and always willing to take the time to answer questions and explain the details. I always felt informed and supported, but never pressured. If you're looking for a broker who is knowledgeable, trustworthy, responsive, and genuinely invested in helping his clients succeed, I would absolutely recommend Milton.
Milton was extremely helpful in finding my dream place. He was quick, friendly, and extremely responsive. He made the process so easy for me that it really took a weight off my shoulders. He took his time to work with my schedule and make sure I felt comfortable in my new place. I am really thankful. Highly recommend.
Quarterly report
Manhattan Market Report, 3Q 2026
$1,275,000 median sale price. Download the full report
HPD rules for HDFC co-ops: a household income cap of 165% of AMI or lower, formula-limited resale prices, and a flip tax on profits. The 2026 figures.
On a $1M NYC purchase: co-ops run $20K-$30K, condos $38K-$42K, new dev $60K+. See every fee, who pays, and 5 ways to cut your bill.
Co-ops make up nearly 70% of NYC housing stock but require board approval. Condos cost more but offer flexibility. Here's how to decide.
Pre-approval gives you a 20-30% edge in NYC bidding wars. Here's what lenders need and how to set your budget ceiling.
Roughly 1 in 8 co-op board applications gets rejected. Here's how to prepare your package and ace the interview.
Sale listings that came on the market in the last 7 days.
Homes in Lower East Side take a median 123 days to go into contract. Source: StreetEasy market data.
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Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
The median sale price in Lower East Side is $1.3M. Condos sit at a median of $2.4M and co-ops at $580K. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.
No. The median sale price in Lower East Side is currently 27.4% below the 5-year high recorded in September 2024. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Lower East Side have a median of 122.5 days on market (the time from listing to a signed contract, per StreetEasy). That is 32 days slower than the same point a year ago. Roughly 10.5% of active listings have recorded a price cut, suggesting some negotiating room.
Lower East Side is broadly balanced right now, with median days on market at 122.5 days and 10.5% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Lower East Side offers both co-ops and condos. Condos are the higher-priced segment at a $2.4M median, with co-ops at $580K.
Roughly 13 homes change hands each month in Lower East Side 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 Lower East Side is $5,200/month. Live RLS listings show 1-bedrooms at $4,100, 2-bedrooms at $3,750, 3+ bedrooms at $6,500 per month. Rents are up 10.6% year over year.
Median asking rent in Lower East Side is currently $100 below the 5-year high set in April 2026. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Lower East Side has risen 48.8% 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 Lower East Side, median sale prices range across Little Italy at $2.4M, Nolita at $2.0M, DUMBO at $1.5M, Chinatown at $805K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Lower East Side is served by the B, D, F, J, M, Z trains. The commute to Midtown Manhattan runs roughly 14 minutes from East Broadway.
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 Lower East Side, 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 Real Estate Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and 1,100+ transactions across NYC. Whether you are buying, selling, or leasing in Lower East Side, I will guide you every step of the way.
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