A few passages from the real-estate section in the Post today, specifically the cover story titled "More or LES."
The neighborhood, one of the city's largest — spanning from the Bowery east, from Houston to Canal streets — offers Manhattan's least expensive two- and three-bedroom rentals, averaging $3,023 and $4,095 a month, respectively, according to Citi Habitats' January data. (Compare that to $4,311 and $5,450 in Chelsea, and $5,086 and $7,169 in SoHo/TriBeCa.)
What about that kinda weird-looking Blue condo thing?
[T]he glass 16-story, 32-unit Blue condo, out of place among its five- and six-story neighbors, is a different story. It averaged $1,140 per square foot when it sold out, says Corcoran Group broker Barrie Mandel.
"The people who bought [at Blue] were people who 10 years ago would have bought in the Village and five years ago would have bought in SoHo and two years ago would have bought in NoLIta," Mandel says. "The majority of people have traditional work that they do all day long, they dress in a suit and tie, a dress and proper heels and come home at night and lead a different life, go to the clubs or the lounges."
What other changes have there been on the LES?
Since Anne Hugard moved to the Lower East Side in 2001, she has seen a dramatic transformation.
"There were no stores, and it was Chinatown to the south and very Puerto Rican to the east; that's what we liked about it," she says. "It got gentrified, which is good and bad. We enjoy the convenience of stores, but the drawback is that the population gets to be all the same."
Hmm, still. Is it safe?
"I've watched this area go from street fights to kids puking in the streets," says Chris Scott, co-owner of Fat Hippo, a newish restaurant on Clinton Street. "Those bridge-and-tunnel places are what made this area better."
