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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan · New York, NY
124 active listings · Median $983K
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A condo-dominant submarket with strong rent growth, rising sale prices, and sale listings clearing quickly.
Median asking rent in Lower East Side is $4,895/month, $55 below the 5-year high set in Feb 2026. Rents are up +8.9% year over year and +74.4% over the past 5 years. Median sale price stands at $983K, 44.0% below the 5-year high recorded in Sep 2024. Sale listings are clearing 44 days faster 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 Mar 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...
| 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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Based on active listings in Lower East Side
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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 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 Lower East Side 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."
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The median sale price in Lower East Side is $983K. Condos sit at a median of $1.1M and co-ops at $710K. 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 44.0% 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 113 days on market. That is 44 days faster than the same point a year ago. Roughly 15.1% of active listings have recorded a price cut, suggesting some negotiating room.
Lower East Side is currently tilting toward buyers. Median days on market is 113 days and roughly 15.1% of active listings have recorded a price cut, both indicating room to negotiate.
Lower East Side offers both co-ops and condos. Condos are the higher-priced segment at a $1.1M median, with co-ops at $710K.
Roughly 10 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 $4,895/month. Live RLS listings show studios at $3,995, 1-bedrooms at $5,750, 2-bedrooms at $3,650 per month. Rents are up 8.9% year over year.
Median asking rent in Lower East Side is currently $55 below the 5-year high set in February 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 74.4% 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 DUMBO at $1.9M, Little Italy at $1.6M, 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.
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 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 Lower East Side, I will guide you every step of the way.
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