Lower East Side Is Now A $1 Million NYC Neighborhood, Study Says

LOWER EAST SIDE, NY — The number of pricey neighborhoods in New York City is rising, and the Lower East Side just joined the ranks.

The Lower East Side joined this year the city's 17 neighborhoods with a median sales prices of $1 million or more, according to a new study released Monday from StreetEasy. The Manhattan neighborhood's current median recorded sales prices reached $1.4 million in 2019, the study found.

Sales prices have doubled since 2015 in the Lower East Side. Plus, a "number of sales in high-end new developments this year have pushed the neighborhood's median home price over the $1 million threshold for the first time," StreetEasy says.

The study says the Lower East Side is now seventh among Manhattan's 12 million-dollar neighborhoods.

Gramercy Park and East Village are also new million-dollar neighborhoods, according to the median sales prices that are $1.4 and $1.1 million, respectively. The two east side neighborhoods both joined the list since 2015.

Brooklyn Heights, Prospect Heights and Williamsburg were also added to the list in the past five years.

Here's New York City Million Dollar Club neighborhoods:

1. Tribeca, Manhattan, at $4,100,000
2. SoHo, Manhattan, at $2,725,000
3. Flatiron, Manhattan, at $2,163,781
4. Midtown, Manhattan, at $2,000,000
5. Greenwich Village, Manhattan, at $1,575,000
6. Greenpoint, Brooklyn, at $1,578,287
7. Gramercy Park, Manhattan, at $1,405,185
8. Lower East Side, Manhattan, at $1,371,587
9. West Village, Manhattan, at $1,300,000
10. Chelsea, Manhattan, at $1,270,000
11. Upper East Side, Manhattan, at $1,250,000
12. Upper West Side, Manhattan, at $1,225,000
13. Park Slope, Brooklyn, at $1,191,000
14. Prospect Heights, Brooklyn, at $1,160,000
15. East Village, Manhattan, at $1,071,000
16. Williamsburg, Brooklyn, at $1,038,863
17. Brooklyn Heights, Brooklyn at $1,010,000

Read the full analysis here.

Correction: The StreetEasy report initially stated 19 neighborhoods were on the Millionaire Neighborhood list but later corrected the number. This story has been updated to reflect the change.