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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 July 2026. Covers Lower East Side, Chinatown, East Village and Two Bridges.

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$827.2M79 sales, last 12 months▲ 53.9% YoY
$730Median price / sq ft▲ 9.8% YoY
$428KMedian price / unit (multifamily)▼ 7.4% YoY
27Off-market listings on Crezly now
September 2026 summary

79 income-property sales were recorded in Lower East Side & Chinatown over the 12 months ending July 2026, totaling $827.2M in dollar volume. The sales count is up 36.2% and dollar volume is up 53.9% versus the prior 12 months. The median price per square foot is $730, up 9.8%, while the median price per residential unit for multifamily and mixed-use properties is $428K, down 7.4%. DOB construction permits totaled 1,223, down 16.9%. 5.3% of multifamily and mixed-use parcels carry a Motivated-Seller Score of 10 or higher, compared with 2.9% citywide. JPMorgan Chase Bank, N.A. recorded 32 mortgages, the most of any lender.

Market trends

Recorded sales volume by month

August 2024 – July 2026. Hover or tap a month for its figure.

$0$50M$100M$150M$200MAugust 2024: $146M in recorded salesSeptember 2024: $24.6M in recorded salesOctober 2024: $69.5M in recorded salesNovember 2024: $45.4M in recorded salesDecember 2024: $35.5M in recorded salesJanuary 2025: $21.7M in recorded salesFebruary 2025: $8.5M in recorded salesMarch 2025: $39.8M in recorded salesApril 2025: $23.3M in recorded salesMay 2025: $60.3M in recorded salesJune 2025: $27.9M in recorded salesJuly 2025: $35.3M in recorded salesAugust 2025: $116.6M in recorded salesSeptember 2025: $26.5M in recorded salesOctober 2025: $80M in recorded salesNovember 2025: $33.4M in recorded salesDecember 2025: $32.7M in recorded salesJanuary 2026: $22.9M in recorded salesFebruary 2026: $14.8M in recorded salesMarch 2026: $138M in recorded salesApril 2026: $46.4M in recorded salesMay 2026: $98.1M in recorded salesJune 2026: $190.3M in recorded salesJuly 2026: $27.5M in recorded sales$27.5MOct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
$0$50M$100M$150M$200MAugust 2024: $146M in recorded salesSeptember 2024: $24.6M in recorded salesOctober 2024: $69.5M in recorded salesNovember 2024: $45.4M in recorded salesDecember 2024: $35.5M in recorded salesJanuary 2025: $21.7M in recorded salesFebruary 2025: $8.5M in recorded salesMarch 2025: $39.8M in recorded salesApril 2025: $23.3M in recorded salesMay 2025: $60.3M in recorded salesJune 2025: $27.9M in recorded salesJuly 2025: $35.3M in recorded salesAugust 2025: $116.6M in recorded salesSeptember 2025: $26.5M in recorded salesOctober 2025: $80M in recorded salesNovember 2025: $33.4M in recorded salesDecember 2025: $32.7M in recorded salesJanuary 2026: $22.9M in recorded salesFebruary 2026: $14.8M in recorded salesMarch 2026: $138M in recorded salesApril 2026: $46.4M in recorded salesMay 2026: $98.1M in recorded salesJune 2026: $190.3M in recorded salesJuly 2026: $27.5M in recorded sales$27.5MJan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthSalesVolume
August 20247$146M
September 20243$24.6M
October 20246$69.5M
November 20246$45.4M
December 20244$35.5M
January 20253$21.7M
February 20252$8.5M
March 20256$39.8M
April 20254$23.3M
May 20257$60.3M
June 20254$27.9M
July 20256$35.3M
August 20256$116.6M
September 20254$26.5M
October 20254$80M
November 20254$33.4M
December 20254$32.7M
January 20265$22.9M
February 20262$14.8M
March 202613$138M
April 20267$46.4M
May 202611$98.1M
June 202613$190.3M
July 20266$27.5M

Median price per square foot

Rolling 3-month median of recorded sales with a building area. Gaps mean fewer than five priced sales.

$0$500$1,000$1,500$2,000August 2024: $838 per sq ft (3-month median)September 2024: $779 per sq ft (3-month median)October 2024: $708 per sq ft (3-month median)November 2024: $655 per sq ft (3-month median)December 2024: $568 per sq ft (3-month median)January 2025: $553 per sq ft (3-month median)February 2025: $553 per sq ft (3-month median)March 2025: $509 per sq ft (3-month median)April 2025: $515 per sq ft (3-month median)May 2025: $741 per sq ft (3-month median)June 2025: $779 per sq ft (3-month median)July 2025: $670 per sq ft (3-month median)August 2025: $572 per sq ft (3-month median)September 2025: $556 per sq ft (3-month median)October 2025: $664 per sq ft (3-month median)November 2025: $958 per sq ft (3-month median)December 2025: $1,163 per sq ft (3-month median)January 2026: $1,096 per sq ft (3-month median)February 2026: $768 per sq ft (3-month median)March 2026: $617 per sq ft (3-month median)April 2026: $645 per sq ft (3-month median)May 2026: $679 per sq ft (3-month median)June 2026: $775 per sq ft (3-month median)July 2026: $773 per sq ft (3-month median)$773Oct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
$0$500$1,000$1,500$2,000August 2024: $838 per sq ft (3-month median)September 2024: $779 per sq ft (3-month median)October 2024: $708 per sq ft (3-month median)November 2024: $655 per sq ft (3-month median)December 2024: $568 per sq ft (3-month median)January 2025: $553 per sq ft (3-month median)February 2025: $553 per sq ft (3-month median)March 2025: $509 per sq ft (3-month median)April 2025: $515 per sq ft (3-month median)May 2025: $741 per sq ft (3-month median)June 2025: $779 per sq ft (3-month median)July 2025: $670 per sq ft (3-month median)August 2025: $572 per sq ft (3-month median)September 2025: $556 per sq ft (3-month median)October 2025: $664 per sq ft (3-month median)November 2025: $958 per sq ft (3-month median)December 2025: $1,163 per sq ft (3-month median)January 2026: $1,096 per sq ft (3-month median)February 2026: $768 per sq ft (3-month median)March 2026: $617 per sq ft (3-month median)April 2026: $645 per sq ft (3-month median)May 2026: $679 per sq ft (3-month median)June 2026: $775 per sq ft (3-month median)July 2026: $773 per sq ft (3-month median)$773Jan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthMedian $/sf (3-mo)
August 2024$838
September 2024$779
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

Construction permits issued

Initial DOB NOW permits for construction work (sheds, fences, scaffolds and signs excluded) — a leading indicator of repositioning and new supply.

050100150200August 2024: 124 construction permitsSeptember 2024: 124 construction permitsOctober 2024: 140 construction permitsNovember 2024: 125 construction permitsDecember 2024: 98 construction permitsJanuary 2025: 146 construction permitsFebruary 2025: 107 construction permitsMarch 2025: 161 construction permitsApril 2025: 117 construction permitsMay 2025: 104 construction permitsJune 2025: 113 construction permitsJuly 2025: 112 construction permitsAugust 2025: 120 construction permitsSeptember 2025: 86 construction permitsOctober 2025: 121 construction permitsNovember 2025: 95 construction permitsDecember 2025: 93 construction permitsJanuary 2026: 102 construction permitsFebruary 2026: 87 construction permitsMarch 2026: 107 construction permitsApril 2026: 99 construction permitsMay 2026: 91 construction permitsJune 2026: 112 construction permitsJuly 2026: 110 construction permits110Oct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
050100150200August 2024: 124 construction permitsSeptember 2024: 124 construction permitsOctober 2024: 140 construction permitsNovember 2024: 125 construction permitsDecember 2024: 98 construction permitsJanuary 2025: 146 construction permitsFebruary 2025: 107 construction permitsMarch 2025: 161 construction permitsApril 2025: 117 construction permitsMay 2025: 104 construction permitsJune 2025: 113 construction permitsJuly 2025: 112 construction permitsAugust 2025: 120 construction permitsSeptember 2025: 86 construction permitsOctober 2025: 121 construction permitsNovember 2025: 95 construction permitsDecember 2025: 93 construction permitsJanuary 2026: 102 construction permitsFebruary 2026: 87 construction permitsMarch 2026: 107 construction permitsApril 2026: 99 construction permitsMay 2026: 91 construction permitsJune 2026: 112 construction permitsJuly 2026: 110 construction permits110Jan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthPermits
August 2024124
September 2024124
October 2024140
November 2024125
December 202498
January 2025146
February 2025107
March 2025161
April 2025117
May 2025104
June 2025113
July 2025112
August 2025120
September 202586
October 2025121
November 202595
December 202593
January 2026102
February 202687
March 2026107
April 202699
May 202691
June 2026112
July 2026110

What trades here

Share of recorded sales by asset class, last 12 months.

Multifamily: 55 sales (70%)Multifamily70% · 55Office: 7 sales (9%)Office9% · 7Mixed Use: 6 sales (8%)Mixed Use8% · 6Retail: 6 sales (8%)Retail8% · 6Hospitality: 3 sales (4%)Hospitality4% · 3Other: 1 sales (1%)Other1% · 1Development: 1 sales (1%)Development1% · 1
Multifamily: 55 sales (70%)Multifamily70% · 55Office: 7 sales (9%)Office9% · 7Mixed Use: 6 sales (8%)Mixed Use8% · 6Retail: 6 sales (8%)Retail8% · 6Hospitality: 3 sales (4%)Hospitality4% · 3Other: 1 sales (1%)Other1% · 1Development: 1 sales (1%)Development1% · 1
Show the data
Asset classSales
Multifamily55
Office7
Mixed Use6
Retail6
Hospitality3
Other1
Development1

Seller distress

5.3% of 2,837 multifamily and mixed-use parcels in Lower East Side & Chinatown carry a Motivated-Seller Score of 10+ as of September 2026, down from 5.5% in August 2026. Citywide the figure is 2.9%.

The score weighs estimated loan maturity, tax liens, open HPD violations, evictions, ownership tenure and transfer activity. It is a signal, not a prediction.

See the parcels behind this number →

Biggest sales last quarter

PropertyTypeRecordedPrice
139 BoweryOfficeJun 2026$49.5M
139 BoweryOfficeJun 2026$36M
185 East Houston StreetMultifamilyMay 2026$30.8M
81 East 3 StreetMultifamilyJun 2026$28M
245 Eldridge StreetMultifamilyJun 2026$24M

Most active lenders

Institutional mortgages recorded in the last 12 months.

  1. JPMorgan Chase Bank, N.A.32 loans · $31.4M
  2. Citizens Bank NA9 loans · $19.9M
  3. Citi Real Estate Funding INC.5 loans · $49M
  4. Webster Bank, National Association4 loans · $19.4M
  5. Santander Bank, N.A.4 loans · $4.3M
Lender directory →

Largest owners

Income-property parcels held, public record (companies only).

  1. Lespmha Housing Development Fund Coporat Ion18 parcels · 223 units
  2. New York University9 parcels · 461 units
  3. The Manhattan Land Trust9 parcels
  4. Cooper Square Mutual Housing Assoc7 parcels · 116 units
  5. Park East Tenth LLC7 parcels · 63 units
Largest Manhattan landlords → · Owner directory

Off-market deals in Lower East Side & Chinatown

$8.9M17 Unit Mixed Use Lower East Side17 units
$3.2M10 Unit Mixed Use East Village10 units
$30.5MDevelopment Site Lower East Side
$2.7MMixed Use East Village

All 27 listings in Lower East Side & Chinatown →

Frequently asked questions

What is the price per square foot for commercial and multifamily property in Lower East Side & Chinatown?

The median recorded sale was $730 per square foot across 78 priced income-property sales in the 12 months to July 2026, up 9.8% 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 July 2026, across 61 recorded sales.

How many commercial real estate sales were there in Lower East Side & Chinatown last year?

79 income-property sales worth $827.2M were recorded in the 12 months to July 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 32 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.
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Nearby neighborhoods

Property records in Lower East Side & Chinatown

Manhattan market · NYC market overview · Manhattan property records index · Motivated sellers · Lender directory · Property map

Compiled by Crezly from NYC public records: ACRIS deeds and mortgages (recorded through July 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.