Condos in New York City with Lower East Side Condos

Gay Marriage: A Manhattan Real Estate Blessing in Disguise?

Rainbow over Manhattan skylineIn June of this year, the New York State Legislature legalized gay marriage, ending a decades-long fight over marriage equality and making New York the sixth state to have gender-neutral marriage (we’ll avoid dealing with the California situation for now). In terms of real estate, this is actually an interesting and promising development, especially when considering the long history that this small, yet powerful, demographic has had in terms of development, gentrification, and neighborhood revitalization. Further, the fact that same-sex marriage is now legal in America’s largest city means that many couples will move to New York, in most cases Manhattan, bringing with them significant disposable income and a need for luxury housing on this already heavily-populated island.

High and Low: With New Condos and New Hotspots, The Lower East Side Is On The Rise

Lower East Side Luxury Condos for SaleThe Lower East Side is a pretty great place to spend time, regardless of how you plan to spend that time. Tasty foods at all price points, nightspots ranging from unapologetically dive-y to velvet rope-intensive, diversions from high-brow to low, history for days and a very booming present to boot -- the Lower East Side has all that. Which makes it that much stranger that the L.E.S. has taken so long to emerge as a powerhouse in the Manhattan luxury condo marketplace.

Yes, much of the neighborhood's housing stock is of the reformed-tenement variety, and there are zoning hangups among other complicating factors, but given how many people spend their evenings on the Lower East Side, it's somewhat strange how few of them can spend the night there in new luxury condominiums.

Go East: Lower Manhattan's East River Park Just About Finished

You live in an apartment in the Financial District. Or a condo on the Lower East Side. Or are browsing East Village condo listings. Congratulations: you have good taste, both in Manhattan neighborhoods and in NYC real estate listings sites. Let's continue. You're looking for a Manhattan apartment that offers more than, you know, an apartment and a fistful of amenities. You'd like some green space in your neighborhood. Check. You like to jog. Check. You play basketball, say, soccer. Check. You enjoy lounging, or fishing, just taking in some river views. Check, check, check please. There is a park near your apartment where you can do all these things. Check... almost. Yes, work on the East River Park is almost done.

Further Tales of the Manhattan Real Estate Recovery: Wall Street Journal Details Massive Second Quarter Jump In NYC Condo Sales

Has it really been almost a month since we last reported on the stupendous ongoing boom in the market for Manhattan condominiums? Well, yes, we did write this almost a month ago, but it's not like we haven't talked about it since. We've talked about absorption rate and the spike in Manhattan apartment sales, among other things, but we've always really been talking about one thing: the stupendous ongoing boom in the market for Manhattan condominiums. Today, we would like to talk about...

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