Apartment rentals New York with NYC Luxury Real Estate

“The Bowery! The Bowery! They say such things and they do strange things,” began an 1891 song. But what was once known as Skid Row, full of vagrants and artists alike, has over the past few years continued on a path toward full gentrification. Much has changed from the days of towering bank headquarters and performances by Vaudevillian legends. Progress, to be sure, always brings about change. But while many of the residents of luxury rentals in the Bowery see innovation as being productive, they are also fighting to keep the flavor of this iconic neighborhood’s past intact.

For many years, cries of “fresh fish!”, shouted by fish-mongers plying their wares, were far more prevalent than residents within Manhattan’s South Street Seaport. But since 2005, with the re-location of the Fulton Fish Market to Hunts Point, that paradigm has become obsolete, as many Manhattanites find themselves choosing to rent luxury apartments within this historic district. To be sure, there has been a changing atmosphere in the area dating back to the late 1970s, but since 2005 the rate of transformation has rapidly increased, perhaps representing the beginning of a new trend within Manhattan real estate.

Once a part of a larger, broader Lower East Side, the East Village is one of New York City’s trendiest neighborhoods. Adhering to Manhattan’s street grid unlike its former namesake, the East Village has a vibrant student, immigrant, and artist population, and demand in the area has skyrocketed as a result of being the place to be in Downtown Manhattan. Now, to the chagrin of basically everybody but landlords, rents might increase yet again, but for a completely different reason: the Landmarks Preservation Commission has its sights on the East Village.