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Real Estate Showcase - Artful Architecture

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neighborhood profile
East Village
 

St. Marks Place

The basics: People used to want to live here because it was trendy,” says Mary A. Vetri, of William B. May, “but now people know it’s one of the last neighborhood neighborhoods left.” Young professionals love the renovated Tompkins Square Park (no syringes, two dog runs), and the Ukrainian and Polish communities still thrive.

Boundaries: 14th Street to Houston Street on the east side.

Borders: Lower East Side and the West Village and Gramercy

Subway stops: 6 to Astor Place

 

 OUTLOOK

What's new: Strict zoning laws keep development (except for NYU’s dorms) at bay, but an exception is the currently sold-out Village Mews at 407 East 12th Street. Fifty units—from one-bedrooms to penthouses with terraces, all surrounding a courtyard—range from $500,000 to $1 million.

Bargain hunting: Given the march of gentrification, how far east do you have to go to get a bargain? “Brooklyn,” jokes Corcoran’s Glenn E. Schiller. That said, you can save some money in the tenement-style buildings east of Avenue B.

Prediction: Price declines, such as they were, are probably over. Schiller says the demand for larger apartments is increasing as families grow, and since there’re no more blocks left to gentrify, shoppers must compete for what’s already been fixed up. The wild card: In a recession, the neighborhood could regress to its less tidied-up past.


— Profile from the March 10, 2003 cover story of New York Magazine

 

 
 
 
APARTMENT PRICES
TO BUY
2001
2003
Studio/1BR $225K-$450K $125K-$425K
2BR $550K-$850K $450K-$1M
Family Apt. $900K-$1.1M $650K-$1M
TO RENT
2001
2003
Studio/1BR $1,900-$2,800 $1,200-$2,500
2BR $3,800-$4,100 $2,000-$4,500
Family Apt. $5,500-$7,500 $3,800-$5,000
NEIGHBORHOOD BROKERS
CityCribs

MANAGEMENT CO./PROPERTIES
K & R Realty

BEST CITYWIDE BROKER SITES
Brown Harris Stevens
Douglas Elliman
Corcoran
Halstead
COMPARE THIS NEIGHBORHOOD...
How good are the schools? How many violent crimes have taken place lately? How many pothole complaints have been filed? The city of New York has put the data online. Pour over stats and pit one neighborhood against another. Just fill out your address in the "My Neighborhood" box and select the topic of interest — schools, transportation, public safety, and more.
NYC.gov
 RELATED FEATURES

Best of New York: East Village (Frequently Updated)
Real Estate 2001: East Village (March 12, 2001)

THE SCENE

Dining
2nd Avenue Deli: Prepare to chase your brisket, hush puppies and pickles with Maalox at this legendary culinary landmark.
156 Second Ave. at 10th St.; 212-677-0606

Brick Lane Curry House: If it’s curries you crave, check out this recently expanded hot spot on East 6th Street's Indian row.
306-308 E. 6th St. between First and Second Aves.; 212-979-2900 or Brick Lane Curry House.

Butter: Come to see, be seen and be sated at this trendy New American boîte, a hybrid restaurant / nightspot.
415 Lafayette St. between Astor Pl. and 4th St.; 212-253-2828 or Butter

BONDST: Everything is fabulously fishy at this chic sushi lounge that caters to the rich and famous set.
6 Bond St. between Broadway and Lafayette St.; 212-777-2500.

Café Orlin: For inexpensive eats that won't cheat your palate, try the hearty sandwiches and salads at this unpretentious café.
41 St. Marks Pl. between First and Second Aves.; 212-777-1447.

ChikaLicious
: Enjoy your just desserts at New York's first eatery devoted solely to the last course of every meal.
509 E. 6th St. between Aves. A and B; 212-777-5920 or ChikaLicious


Hearth: Chef Marco Canora, formerly of Gramercy Tavern and Craft, struck out on his own with this homey haunt serving up a pasta-laden dinner menu.
403 E. 12th St. at First Ave.; 646-602-1300.


Prune: Unpretentious home cooking is the essence of Prune, which offers multicultural dishes that are essentially American at heart.
54 E. 1st St. between First and Second Aves.; 212-677-6221

The Mermaid Inn
: Urban hipsters longing for a taste of simple sea life, flock to this upscale clam shack to chow down on oysters, shrimp, scallops and calamari.
96 Second Ave. between 5th and 6th Sts.; 212-674-5870 or The Mermaid Inn


More East Village Restaurants

Nightlife
Angel's Share: Eastern-influenced cocktail den hidden in a Japanese restaurant.
8 Stuyvesant St. at 9th St. and Third Ave.; 212-777-5415.

CBGB: World-famous club which launched groups like Blondie and The Ramones.
315 Bowery at Bleecker St.; 212-982-4052 or CBGB

Continental: A seedy nightspot featuring an array of loud bands every night.
25 Third Ave. at St. Marks Pl. 212-529-6924 or Continental

Hi-Fi: Music lovers' lounge offers 23,000 surfable songs on hard drive.
169 Ave. A between 10th and 11th Sts.; 212-420-8392 or Hi-Fi


Holiday Cocktail Lounge: A spacious dive serving cheap drinks to drunks of all ages.
75 St. Marks Pl.between First and Second Aves.; 212-777-9637.

Lakeside Lounge: Earnest young bands tend to make their debuts here.
162 Ave. B between 10th and 11th Sts.; 212-529-8463 or Lakeside Lounge

Manitoba's: Punk legend / owner Dick Manitoba stays true to his rock 'n' roll roots.
99 Ave. B between 6th and 7th Sts.; 212-982-2511 or Manitoba's


Pyramid Club: Two-tiered, multifaceted club boasts dancing, theater and burlesque.
101 Ave. A between 6th and 7th Sts.; 212-473-7184 or Pyramid Club


More East Village Bars

Shopping
Trash & Vaudeville: Outfitting rock stars like Iggy Pop since the early 1980s.
4 St Marks Place between Second and Third Aves; 212-982-3590.

Back From Guatemala: Eclectic clothes and jewelry from Central America.
306 E. 6th St. between First and Second Aves.; 212-260-7010
.

Kiehl's: Upscale apothecary with the same down-to-earth philosophy since 1851.
109 Third Ave. at 13th St.; 212-677-3171 or Kiehl's

Boutiques
More East Village Stores


RECOMMENDED SITES
Weekly Crime Stats (in PDF format)
Precinct 9, (Lower East Side, Tompkins Square, East Village): 321 East 5th Street, 212-477-7811

Below 14th

Culinary weblog covering food, drink and nightlife in the East Vilage (and below).

East-Village.com

Nonprofit community Website filled with area information and activism.

HOWL! Festival

Annual festival of East Village artists, named for Allen Ginsberg's famous poem.

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