Nolita, an abbreviation for 'NOrth of Little ITAly, is a relatively new neighborhood. Once a part of Little Italy, in the mid-1990's the neighborhood was rebranded and the catchy name that stuck was Nolita, following the naming trend of its neighbors Soho, (SOuth of HOuston Street), and Tribeca, (TRIangle BElow CAnal Street).
Nolita, in the 1990's experienced a large influx of young urban professionals escaping the high rents of SoHo. This, in turn, inspired the blossoming of fancy boutiques and establishments along it's quaint cobblestone streets. With a new energy in the neighborhood, distinct from the old charm of Little Italy, NoLita was born. Currently considered an extremely fancy and expensive neighborhood, NoLita is especially desired for its convenient access to the surrounding neighborhoods of NoHo, Lower East Side, and SoHo.
NoLita is south of NoHo, bounded on the north by Houston Street, on the east by the Bowery, on the south roughly by Broome Street, and on the west roughly by Lafayette Street.
Nolita apartments for sale are dominated by condominiums with a few co-ops mixed in. The Nolita real estate market is often seen as an offshoot of its neighbor Soho, but is still a product of its more relaxed roots. New Construction buildings have entered the market place with varying reflections of the neighborhood character.
Pricing for Nolita apartments for sale tends to fluctutate closer to Soho and Noho than it does the Lower East Side, but ultimately the variations depend on building quality, building amenities, exposure and renovations.
Some of Nolita's greatest appeal is that it has relatively everything you would be looking for in the downtown Manhattan experience, great boutique shopping, close proximity to Soho, eclectic mix of restaurants, cafes and entertainment.
For information regarding Nolita apartments for sale, or for Nolita apartments for rent contact me at morgan.evans at elliman.com or call me at (917) 837-8869.
Contact me at morgan.evans (@) elliman.com or visit http://www.elliman.com/MOE
http://www.Manhattan-Condo-Living.com
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If you are a buyer that would like work with someone that knows Nolita neighborhood, call us now at (917)837-8869. We are both English and Chinese Speaking Real Estate agents under one of the most successful Manhattan Brokerage firm Prudential Douglas Elliman with extensive market knowledge. In addition, we specialize in connecting the local Manhattan sellers with both local and international buyers with our preferred buyer networks. Call us today at (212)321-7122 or (917)837-8869. Email at Morgan.Evans(@)elliman.com.
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