Selling the Lower East Side

The "New" East Village Residential Market

Newly constructed or rehabilitated apartments target a submarket of the middle class who are capable of paying significantly higher rents. Based upon the caricatured image as a countercultural haven, the East Village has become "an appealing address for young professionals seeking a less costly alternative to neighborhoods like Greenwich Village and SoHo" (The New York Times, August 29, 1997). This submarket consists of mostly white, college-educated individuals, in the 20-40-year age range who live alone or in shared households. Students attending nearby colleges and universities have remained a readily available market of East Village tenants.

 

Images (click to enlarge)

Here is a photo of "Little Japantown" by Robert McFarland.

New rentals on the Lower East Side.

 

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The book upon which this web site is based,

Selling the Lower East Side,

is available directly through University of Minnesota Press
or order through Amazon.com

Site design © 2000: Kurt Reymers and Dan Webb.
(University at Buffalo, Department of Sociology)