March 13, 2016 Chris Caballero

Lower East Side Investment Property Report

Bounded by the Bowery, East Houston Street, the East River and Canal Street, the Lower East Side has long been a working-class neighborhood, home to a large number of immigrants from Europe, and later, Latin America. Densely populated, the Lower East Side is a centerpiece for Jewish-American culture in New York, popularized in classic films such as “Crossing Delancy”. New Yorkers and tourists alike continue to flock to venerable Lower East Side landmarks such as Katz’s Deli and Russ and DaughtersClick here for report

For most of its history, Lower East Side architecture has consisted primarily of squat tenement housing. Starting in the new millenium, a wave of gentrification brought in sleek new high-end buildings such as Blue, a 16-story condo building at 105 Norfolk Street, designed by Bernard Tschumi and Ian Schrager designed 215 Chrystie Street.

Quickly becoming one of the city’s hottest culinary destinations, the Lower East Side’s Clinton Street has been dubbed a new restaurant row, with patrons descending on chic restaurants, such as Clinton Street Baking Company & Restaurant, and wd~50.
The Lower East Side is also home to a thriving music scene, with many live rock, punk and alternative music venues such as  Bowery Ballroom, Mercury Lounge, the Living Room, and Arlenes Grocery. In addition, the area is increasingly gaining a reputation for its contemporary art galleries. Click here for report

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Chris Caballero

The Founder was born and raised in Southern California. Loves technology, real estate and finance.
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