When you’re talking about New York City neighborhoods you can’t miss the topic of how different they are. However, one of them has always been more special and more unique than all the others. So, you may be surprised by what awaits you after moving to the East Village. This is a place where hippies used to roam, where the US punk scene was born, and where your friends drag you to see poetry recited. Therefore, the neighborhood has a rich history and it managed to retain a part of that character. You can say that the East Village is its own cultural edifice.
You’ll have to rent
Many of the iconic buildings in East Village have been repurposed and now are used as residential buildings, which is a good and interesting thing. On the other hand, that wasn’t the case with The Jefferson Theatre for instance. It was opened in 1913 and was working up until 1977. Later it was demolished and condo buildings popped up where it once stood.
Now, about 85% of the housing here are rentals. Therefore, you won’t have much of a choice if you want to buy an apartment here. And keep in mind that this doesn’t have to be a bad thing. You’ll for sure avoid all the mistakes homebuyers make.
However, you’ll still be neighbors with celebrities as many of them are indeed living here. The best examples of which would have to be David Schwimmer, Lady Gaga, and Daniel Radcliffe.
It’s a transient neighborhood
Many places around the world have a high percentage of rentals, but that doesn’t mean that nobody wants to live there forever. Here, the situation is a little bit different. East Village is pretty much packed with people that aren’t really ready to settle down just yet. And you definitely can benefit from that.
First of all, the majority of the residents are young. This means that you won’t have to worry about stepping on anyone’s toes, so to speak. Additionally, if you’re moving into an empty apartment, you might need help with bulky items. Hiring professionals to do the task of transporting big sofas and TV sets is always the best thing to do. But, if that can’t be done for whichever reason, chances of finding someone to help you are greater here than anywhere else.
To clarify right away, no one is trying to mislead you to believe that life in New York is cheap. But, you must know that already. What we want to say is that the East Village is on the affordable side when it comes to living in Manhattan or close to it. You can get yourself a nice studio for as low as $2,000 a month, while for a 2 bedroom you’ll have to spend around $3,500.
There are also more than 6,000 affordable housing units reserved for low-income tenants. So, feel free to look at those as well as you may strike a great deal.
However, even if you opt for the more expensive option you’ll still be well under budget as opposed to living in the center of Manhattan. And you’ll physically be very close to it. You’ll also have more choices, so you may finally be able to get a home with a perfect kitchen benchtop – the one that you always wanted. That is one of the main reasons why moving to East Village can be a treat for your wallet.
If you can, buy now
Although there aren’t many options when it comes to buying here right now, if you can you should do it. You see, in NYC you have pretty much a guarantee of increased property value. Therefore, if you are moving here from somewhere close and your plans include settling down for a longer period of time, buying isn’t a bad idea.
The median home price currently sits t around $900,000 which is not a small sum of money. However, that is 10% lower than it was last year, and it’s expected that the prices will go up by around 5% in the next. What this means is that if you have the opportunity, now is the time to pick a new home and find someone experienced and affordable to help you with your relocation.
Living here is fun
Something that people often forget is that life should be fun and entertaining. The places that offer you this kind of lifestyle are considered different and sometimes strange. And the East Village certainly is one of those places.
The nightlife here is top-notch so you’ll never miss a place where you can party. That alone should be the reason for the neighborhood to qualify onto the list of things in New York that are worth checking out. Additionally, lots of artists have been living here for decades and we all know that they don’t choose a place to call it home if it’s not inspirative.
If you’re more of a restaurant type, you won’t be disappointed either. We simply don’t have enough space to mention all the great bars, coffee shops, and restaurants. But, we can tell you that the Asian restaurant scene is one of the best in the world, and you’ll also love the pizza from some of the oldest pizza places in the US.
Lots of great schools to choose from
We left the subject of education for the end as most of the residents don’t have kids. However, the ones that do certainly have a few things to brag with. The thing is you’ll be able to save lots of education as all the public schools here are amazing.
East Side Community School has strong leadership, strong college advisory, and operates in small classrooms. So, every kid gets the maximum attention. Earth School has a strong arts and sciences program, similar to The Children’s Workshop School. However, it also has a rooftop garden which is something that not many public schools can afford.
So, great education opportunities for your children are the last point of why moving to the East Village can be a treat for both your wallet and your soul. We’re sure that you already made your decision and we can’t wait to see you in our neighborhood.