Lower East Side Neighborhood News | Adam Ashkenas Manhattan Real Estate

Chic New Hotels, Cafes Liven Up Ludlow Street Area

October 10, 2014 · by Adam Ashkenas

Change Comes to Lower East Side Neighborhood

By

Oct. 9, 2014 9:44 p.m. ET

The price of a pastrami on rye at Katz’s Delicatessen may have inched higher over the years, but not much else has changed at this Lower East Side institution. You still get a paper ticket when you push through the turnstile and you can still send a salami to your boy in the Army.

Change, however, is all around Katz’s. New condominiums, many which stalled during the financial crisis, have been restarted and are nearing completion. New restaurants, hotels and retail stores are opening, replacing longtime bars and cafes that had been mainstays in the neighborhood for the last two to three decades. [WSJ]

Manhattan Apartment Rents Jump as Vacancies Rate Tumbles

July 10, 2014 · by Adam Ashkenas

By Heather Perlberg July 10, 2014

Manhattan apartment rents jumped last month, extending a surge in costs as availability tightens during the market’s peak season.

The median monthly rent rose 3.3 percent in June from a year earlier to $3,300, according to a report today by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. A separate report by brokerage Citi Habitats showed the average rent reached $3,470, the highest in records dating to 2002. [Bloomberg]

The May 2014 Manhattan & Brooklyn Sales Market Snapshot

June 22, 2014 · by Adam Ashkenas

Manhattan

Market-wide: On a longer range view, average price and average price per square foot have remained relatively steady over the last six months, reflecting stabilization following record-breaking price growth during 2013.
Condos: The average price was up a significant 23% since last May 2013, continuing an eleven-month trend of annual price growth. Average condo price has remained between $2.3MM and $2.6MM over the last six months.
Co-ops:The co-op market experienced solid price gains over last year with a 6% increase in average sale price, a 5% increase in median sale price, and a 2% increase in price per square foot. Days on market fell relative to both last year and last month to just 75 days, which is the shortest
average time to sell a co-op unit in over five years.

Brooklyn

Brooklyn continued to show strong growth as the average sale priced increased 13% and the average days on market decreased 40% year-over-year.
In May buyers paid on average 5.0% over last asking price with 62% of contracts signing above asking price and 16% signed at asking price.

• Year-over-year the number of contracts signed decreased by 19%.

• Year-over-year contracts signed decreased by 17%, but month-over-month saw a 5% increase.

• Total available inventory in Brooklyn increased 14% versus last month and by 3% versus last year. There were 21% more new listings compared to last month, but 44% less than April 2013.

Full Reports available below

Manhattan

Brooklyn

A Walk Through The Lower East Side

March 5, 2014 · by Adam Ashkenas

“No matter where you live, you never move away from the East Side in spirit” – Al Smith

Team Behind Proposed Kosher Deli Explains Plans For Noah’s Ark Space

February 26, 2014 · by Adam Ashkenas

399 Grand St.

A big topic of conversation on Grand Street these days is the future of the former Noah’s Ark Deli space. The restaurant, the last full-service kosher establishment on the Lower East Side, closed last year, as its owners faced eviction proceedings from their landlord, the Seward Park Cooperative. On March 11, the co-op board will weigh whether to sign off on a new kosher spot in the storefront, located at 399 Grand St. Yesterday, we spoke with the team behind the proposal. [Lo-Down]

Kosher Restaurant in Seward Park

February 19, 2014 · by Adam Ashkenas

As residents of Seward Park and the Lower East Side, we urge the Board of Directors to bring in a Kosher restaurant as a commercial tenant of the Seward Park Co-op. A Kosher meat restaurant is vitally important to observant Jewish communities such as this one since it serves as a place for community to gather and socialize around food, and also acts as a cultural center that needs our support to continue to thrive in a growing neighborhood. A Kosher restaurant will dramatically improve the quality of life for Kosher observing residents, but will also draw patrons from the many diverse populations of the Lower East Side.

Further, there are many elderly Seward Park residents who are unable to walk a long distance, having a kosher restaurant will enable them to have a fresh meal every day.

Diversity is an important part of why we love the Lower East Side and we encourage the board of Seward Park to help maintain culinary diversity in the neighborhood by bringing a new Kosher restaurant to Seward Park Co-op.

Sign the Petition here

Thank you.

Preserve a Synagogue, or Sell It

February 14, 2014 · by Adam Ashkenas

Uncertain Fate of Old Synagogue Reflects Debate Over What to Save

By

Sophia Hollander

Feb. 13, 2014 9:57 p.m. ET

Pigeons sometimes swoop through the once-storied sanctuary of Beth Hamedrash Hagodol, a 164-year-old synagogue on the Lower East Side. Now, a flock of preservationists, city officials and the congregation’s rabbi is trying to make sure a wrecking ball doesn’t do the same thing.

The uncertain fate of the landmarked but deteriorating synagogue reflects a broader question gaining urgency across the Lower East Side: What can, and should, be saved? [WSJ]

A Lower East Side View To Remember

February 3, 2014 · by Adam Ashkenas

Beautiful view of the Williamsburg Bridge from the Lower East Side apartment of one of my clients. Contact me to assist with the sale, rental, or purchase of your home.

Just Rented In The Lower East Side

January 11, 2014 · by Adam Ashkenas

I just rented a 1 bed at 139 Norfolk St. Contact me to discuss any upcoming vacancies and pricing of your units

1br, 139 Norfolk Street, Lower East Side, $2,100

DETAILS


	Bedrooms

1 Bathrooms1.0 Monthly Rent$2,100

DESCRIPTION

New Listing Norfolk St and Rivington – 1 bed apartment with separate kitchen. One flight up. To schedule a viewing I may be reached via mobile phone or email from 8am to 10pm daily. No one knows the LES like me. I live here.

CONTACT Adam Ashkenas (703) 623-5959

NEARBY SUBWAYS


J		M		Essex St (0.12 mi)


F		Delancey St (0.13 mi)


F		2 Av (0.33 mi)


F		East Broadway (0.49 mi)


J		Bowery (0.5 mi)

MAP

Adam Ashkenas
(703) 623-5959
Citi HabitatsMy renter rating:

Berkli Parc, A Lower East Side Gem

January 14, 2013 · by Adam Ashkenas

I live in the Lower East Side. I love the Lower East Side. No other neighborhood in Manhattan offers such an array of great independent cafes, shops, bars, and restaurants. It’s main street next door to Wall Street. Amidst all the great small businesses in the Lower East Side sitting at the corner of Delancey and Allen St is Berkli Parc. Part coffee shop, part bar, part restaurant, and 100% awesomeness is where Lower East Side locals come to eat, work, drink, and socialize. What I love most about this business is that I’m always made to feel welcome and appreciated as a customer by the staff, and in return it’s my pleasure to repeatedly spend my money here. Not to mention the free Wi-Fi and the $0.25 coffee refills! Yes, that’s right $0.25. So if you are in the Lower East Side and seek a warm friendly place to have a drink (coffee, beer, and wine), or a bite to eat (the quinoa salad is a favorite) stop by Berkli Parc. It’s what every great cafe should be.