Lower East Side & Chinatown multifamily & commercial real estate market
Recorded sales, prices, construction, lending and ownership for income and commercial property in Lower East Side & Chinatown, updated monthly from NYC public records. Data through September 2026. Covers Lower East Side, Chinatown, East Village and Two Bridges.
Get new sales, permits and off-market deals here in your weekly Pulse brief.
$832.7M83 sales, last 12 months▲ 63.3% YoY
$772Median price / sq ft▲ 35% YoY
$428KMedian price / unit (multifamily)▲ 3.9% YoY
31Off-market listings on Crezly now
October 2026 summary
83 income-property sales were recorded in Lower East Side & Chinatown over the 12 months ending September 2026, totaling $832.7M in dollar volume. The sales count was up 43.1% and dollar volume up 63.3% versus the prior 12 months. The median price per square foot was $772, up 35%, while the median price per residential unit for multifamily and mixed-use properties was $428K, up 3.9%. 1,042 DOB construction permits were issued, down 27.1%. 5% of multifamily/mixed-use parcels carried a Motivated-Seller Score of 10 or higher, compared with 2.8% citywide. JPMorgan Chase Bank, N.A. recorded 24 mortgages, the most of any lender.
Market trends
Recorded sales volume by month
October 2024 – September 2026. Hover or tap a month for its figure.
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Month
Sales
Volume
October 2024
6
$69.5M
November 2024
6
$45.4M
December 2024
4
$35.5M
January 2025
3
$21.7M
February 2025
2
$8.5M
March 2025
6
$39.8M
April 2025
4
$23.3M
May 2025
7
$60.3M
June 2025
4
$27.9M
July 2025
6
$35.3M
August 2025
6
$116.6M
September 2025
4
$26.5M
October 2025
4
$80M
November 2025
4
$33.4M
December 2025
4
$32.7M
January 2026
5
$22.9M
February 2026
2
$14.8M
March 2026
13
$138M
April 2026
7
$46.4M
May 2026
11
$98.1M
June 2026
13
$190.3M
July 2026
6
$27.5M
August 2026
8
$112.1M
September 2026
6
$36.6M
Median price per square foot
Rolling 3-month median of recorded sales with a building area. Gaps mean fewer than five priced sales.
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Month
Median $/sf (3-mo)
October 2024
$708
November 2024
$655
December 2024
$568
January 2025
$553
February 2025
$553
March 2025
$509
April 2025
$515
May 2025
$741
June 2025
$779
July 2025
$670
August 2025
$572
September 2025
$556
October 2025
$664
November 2025
$958
December 2025
$1,163
January 2026
$1,096
February 2026
$768
March 2026
$617
April 2026
$645
May 2026
$679
June 2026
$775
July 2026
$773
August 2026
$760
September 2026
$719
Construction permits issued
Initial DOB NOW permits for construction work (sheds, fences, scaffolds and signs excluded) — a leading indicator of repositioning and new supply.
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Month
Permits
October 2024
140
November 2024
125
December 2024
98
January 2025
146
February 2025
107
March 2025
161
April 2025
117
May 2025
104
June 2025
113
July 2025
112
August 2025
120
September 2025
86
October 2025
121
November 2025
95
December 2025
93
January 2026
102
February 2026
87
March 2026
107
April 2026
99
May 2026
91
June 2026
112
July 2026
110
August 2026
25
September 2026
0
What trades here
Share of recorded sales by asset class, last 12 months.
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Asset class
Sales
Multifamily
58
Retail
8
Office
6
Mixed Use
5
Hospitality
3
Other
2
Development
1
Seller distress
5% of 2,837 multifamily and mixed-use parcels in Lower East Side & Chinatown carry a Motivated-Seller Score of 10+ as of October 2026, down from 5.5% in August 2026. Citywide the figure is 2.8%.
Lower East Side & Chinatown
NYC
The score weighs estimated loan maturity, tax liens, open HPD violations, evictions, ownership tenure and transfer activity. It is a signal, not a prediction.
What is the price per square foot for commercial and multifamily property in Lower East Side & Chinatown?
The median recorded sale was $772 per square foot across 82 priced income-property sales in the 12 months to September 2026, up 35% on the prior year.
How much do multifamily buildings sell for per unit in Lower East Side & Chinatown?
Multifamily and mixed-use buildings sold for a median of $428K per residential unit in the 12 months to September 2026, across 63 recorded sales.
How many commercial real estate sales were there in Lower East Side & Chinatown last year?
83 income-property sales worth $832.7M were recorded in the 12 months to September 2026 (deeds of $100,000 or more, excluding single-family homes and condo units).
Who lends on commercial property in Lower East Side & Chinatown?
The most active institutional lender over the last 12 months was JPMorgan Chase Bank, N.A., with 24 recorded mortgages. The Crezly lender directory ranks every lender by recorded loans.
Track Lower East Side & Chinatown deals as they happen
New sales, permits, off-market listings and distress signals, in one weekly brief.
Compiled by Crezly from NYC public records: ACRIS deeds and mortgages (recorded through September 2026), DOB NOW permits, PLUTO and HPD. Sales are recorded deeds of $100,000+ on income and commercial property (multifamily incl. two-family, mixed-use, retail, office, industrial, development, hospitality); single-family homes and condo units are excluded. Staten Island deeds are recorded by the Richmond County Clerk and are not in ACRIS. Neighborhoods follow NYC Community District boundaries. Not legal, financial or investment advice.
