Conquest New York
Research Memo · Manhattan

Lower East Side.

Same EV cohort with slightly higher tolerance for larger envelope at lower PSF

Generated ·By Conquest · Denza·Cohort: 0 active · median · PSF·⤓ Download PDF
Sources

Where this memo's data comes from.

We cross-check every claim against multiple authoritative sources before generating the essay. If a source disagrees or is missing, we say so.

Cotality · REBNY RLS (active inventory)as of May 8, 2026
Active
0
Cotality active feed in our pipeline does not currently include closed-sale rows; sold-side metrics are sourced from ACRIS.
Sold · 12mo
44
Sold · median
$1.7M
Trust rules applied to this memo
  • Only one closed-sale source (acris) is available. Cite the source by name when referencing sold-side numbers.
§1 · Underwriting Snapshot
Active Inventory
0
listings on market
Active · Median
all bedroom counts
Median PSF
$/sqft · live cohort
Median DOM
days on market
Sold · 12mo (ACRIS)
44
closed deeds, ≥$50K
Sold · Median (ACRIS)
$1.7M
ground truth · NYC.gov
§2 · The Read

The cohort, in plain terms.

The Lower East Side presents an unusual analytical picture at this moment: the active listing feed currently shows zero available units, leaving sold-side data as the primary lens through which to assess market conditions. ACRIS records 44 deeds recorded in the trailing 12 months at a median of $1,728,436, a figure that positions the neighborhood above comparable inventory-constrained corridors such as the East Village but materially below Tribeca's closed-sale medians, which have consistently cleared $3.5M over the same period.

The building-level ACRIS data surfaces meaningful price dispersion across a compact geography. At 50 Clinton Street, 7 closings landed at a $1,750,000 median, while 232 East Broadway recorded 5 closings at a $1,500,000 median—both numbers consistent with the neighborhood-wide figure and indicative of a mid-market tier that dominates volume. The notable outlier is 180 Broome Street, where ACRIS records 3 closings at a $12,660,000 median, a figure that skews any simple average and reflects a fundamentally different product type—likely larger-format or commercial-residential—operating within the same zip code boundaries. At 66 Clinton Street, 3 closings cleared a $2,400,000 median, occupying the upper band of what is otherwise a tightly clustered distribution. Stripping the 180 Broome Street transactions from the picture, the remaining building-level medians cluster between $917,500 at 199 Bowery and $1,750,000 at 50 Clinton Street, a spread that reflects unit-size and condition differentials rather than any structural divergence in location pricing.

With no active listings currently available through the feed, per-square-foot asking metrics and days-on-market figures are not calculable for this report. What the ACRIS record does confirm is that 44 transactions cleared over 12 months—a pace that, normalized against the neighborhood's residential building stock, is consistent with selective but sustained buyer engagement rather than a market experiencing extreme illiquidity. The concentration of volume at four buildings—50 Clinton Street, 199 Bowery, 232 East Broadway, and 42 Allen Street—accounts for 21 of the 44 recorded deeds, suggesting that close-out or resale activity at specific addresses, rather than broad-based turnover, drove the majority of recorded transfer activity.

§4 · Building Leaderboard

Per-building liquidity, side-by-side.

Asking-side data from the active Cotality (REBNY RLS) feed. Closing-side data from ACRIS deeds (NYC.gov), last 12 months, ≥ $50,000 consideration only — gifts and intra-family transfers excluded. Median throughout; the high/low pair is the actual range across all units in that building.

BuildingActive asksAsking range (low · median · high)Closings · 12moClosing range (low · median · high)Liquidity
01
50 Clinton Street
7
$1.8M·$1.8M·$2.5M
No current inventory
02
199 Bowery
6
$670K·$918K·$1.5M
No current inventory
03
232 East Broadway
5
$947K·$1.5M·$1.7M
No current inventory
04
42 Allen Street
3
$1.7M·$1.7M·$1.7M
Insufficient data
05
180 Broome Street
3
$12.7M·$12.7M·$21.4M
Insufficient data
06
66 Clinton Street
3
$1.4M·$2.4M·$2.7M
Insufficient data
07
38 Delancey Street
2
$1.1M·$1.1M·$1.1M
Insufficient data
08
18 Orchard Street
2
$2.1M·$2.3M·$2.6M
Insufficient data
09
202 Broome Street
1
$1.3M·$1.3M·$1.3M
Insufficient data
10
175 Delancey Street
1
$56M·$56M·$56M
Insufficient data
Asking range: low / median / high of list_price across all currently-active listings in the building (Cotality REBNY RLS). Median, never average — resistant to a single high-end outlier.
Closing range: low / median / high of document_amt from ACRIS recorded deeds at this building’s tax block + lot, last 365 days. Excludes deeds < $50,000 — gifts, intra-family transfers, nominal $1 deeds.
Liquidity: ACRIS closings ÷ active asks. ≥ 2× = Liquid · 1-2× = Active comps · 0.25-1× = Thin trading · < 0.25× = No recent sales. Sold-out buildings (≥4 closings, 0 active) get “No current inventory”.
Discount-to-ask: median ACRIS closing price ÷ median active asking price − 1, computed only when both numbers are present at the building level.
Distribution strip plot: each teal dot = one ACRIS closing in the last 12 months. Brass vertical line = median active asking price. If the line sits to the right of the cluster, asking is above where deals actually clear; inside the cluster = at-market; left of the cluster = ask is below recent prints.
§5 · Buyer Memo

If I were representing a buyer here today.

Senior-broker memo, not investment advice. Compliance: we are a brokerage; this is tactical posture, not a recommendation.

Lower East Side — Buyer Positioning Memo

The LES condo cohort is showing zero active inventory in the Cotality feed, making this a purely off-market pursuit right now.

1. Aged inventory to pressure: No active asks are visible, but ACRIS shows 44 closings in the past 12 months — 50 Clinton Street (7 closings, $1.75M median) and 232 East Broadway (5 closings, $1.5M median) have been the most liquid addresses; any unit that surfaced and went quiet without closing is worth a direct ownership trace.

2. New-construction angles: 199 Bowery posted 6 ACRIS closings at a $917,500 median — run the deed records to identify the sponsor; if remaining sellout inventory is held off-market, that's the first call.

3. Cold approach: 66 Clinton Street — three closings at a $2.4M median signals a thin, high-value owner pool; a direct letter to non-primary residents has realistic odds of surfacing a motivated seller.

Negotiating posture: buyer has leverage on timing — no competing bidders are visible in this feed.

§6 · Commute decoded

Time-on-the-clock, not distance-on-a-map.

Wall Street
Transit
14m
Walking
30m
Hudson Yards
Transit
22m
Walking
45m
Bryant Park
Transit
17m
Walking
36m
§7 · Cohort profile

Who actually buys here.

Median age
36
years
HHI · p50
$145K
median household income
HHI · p75
$245K
75th percentile
Owner-occupier
35%
of unit stock
Top industriesTechCreativeFinance

Cohort indicators sourced from public US Census ACS 5-year + Denza first-party transaction data. Refreshed quarterly.

§8 · Frequently asked

Direct answers, in advance.

What's the median price in Lower East Side?

Across 0 active listings, Lower East Side's median list price is — at — per square foot. Days-on-market data is sparse for this cohort.

What kinds of buildings dominate Lower East Side?

Loft inventory is currently thin. Top building by transaction volume in the past 12 months: 50 Clinton Street.

How does Lower East Side compare to neighboring areas?

Our research memo compares the Lower East Side cohort to peer neighborhoods on PSF, building age, and active inventory. Read the §2 essay for the side-by-side. Tap any of the comparable-neighborhoods cards below to read the corresponding memo.

Can I work with a Denza broker for Lower East Side?

Yes. Conquest is an active New York real estate brokerage; our AI handles initial discovery and a licensed broker negotiates and closes. AI-only path rebates up to 1.5% of the buyer-side commission at close. Full concierge with broker representation rebates up to 0.75%.

Where does the data come from?

Active listings: REBNY-licensed Cotality (CoreLogic) Trestle MLS feed, refreshed every 6 hours. Cohort indicators: US Census ACS 5-year. Citation-only headlines: Miller Samuel public Elliman reports. None of this redistributes raw MLS rows; we publish only neighborhood-level aggregates and per-listing pages with full attribution to the listing brokerage of record.

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