Manhattan · New York, NY
17 active listings · Median $2.0M
Calculating market narrative...
A condo-dominant submarket with strong rent growth, sale values below the 5-year high, and sale listings sitting longer than a year ago.
Median asking rent in Nolita is $5,500/month, $130 below the 5-year high set in May 2026. Rents are up +5.9% year over year and +44.7% over the past 5 years. Median sale price stands at $2M, 79.8% below the 5-year high recorded in Dec 2021. Sale listings are clearing 36 days slower than at this point last year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Sep 2026.
Nolita (North of Little Italy) is a stylish and intimate neighborhood known for its narrow streets, boutique shopping, and cozy cafes. It offers a village-like atmosphere that feels worlds away from the surrounding bustle. The real estate market is characterized by historic low-rise walk-up building...
In my 25+ years selling real estate across New York City, I use this Nolita data in real negotiations, not just for a web page.
| Borough | Manhattan |
| Zip Code | 10012 |
| Subway | 1, 6, A, B, C, D, E, J, N, Q, R, W, Z trains |
| Building Types | Condos, Walk-ups |
Stations: Spring St (0.05 mi), Prince St (0.15 mi), Bowery (0.22 mi), Grand St (0.32 mi), Canal St (0.32 mi)
Midtown: 10 min (N express from Prince St)
| School | Grades | Dist |
|---|---|---|
| The STAR Academy - P.S.63 | PK-5 | 0.50 mi |
| P.S. 020 Anna Silver | PK-5 | 0.57 mi |
| P.S. 015 Roberto Clemente | PK-5 | 0.68 mi |
| P.S. 150 Tribeca Learning Center | PK-5 | 0.75 mi |
| P.S. 234 Independence School | PK-5 | 0.87 mi |
| I.S. 140 Tompkins Square Middle School | 6-8 | 0.77 mi |
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Nolita sellers benefit from high foot traffic and a dense retail corridor. Proximity to galleries and restaurants supports consistently active market conditions.
Built on your building's comparable sales, not a portal estimate.
Seven questions, plus a 2-to-4 family mode with your rent roll.
Commission, transfer taxes, flip tax and payoff, line by line.
Open HPD and DOB items, registration and lien status for 1-to-4 family owners.
With the address I can look at what sold in your building and on your block. If you would rather not give it yet, the email alone is enough.
Calculating market narrative...
| Inventory & Activity | |
| Active Listings | 17 |
| Pending Sales | 1 |
| New This Week | 0 |
| New This Month | 7 |
| Avg DOM | 162 days |
| Price Cut Rate | 11.8% |
| Recent Sales | |
| Sold Last 30 Days | 2 |
| Sold Last 90 Days | 5 |
| Sale-to-List | 92.0% |
| Asking Prices | |
| Median Asking | $1,999,999 |
| Average Asking | $6,059,176 |
| Median $/SqFt | $2,622 |
| Median Condo Ask | -- |
| Median Co-op Ask | -- |
Based on active listings in Nolita
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 0 | -- | -- |
| 1 Bedroom | 4 | too few | $1.75M - $3.50M |
| 2 Bedrooms | 7 | $1,995,000 | $1.45M - $3.58M |
| 3+ Bedrooms | 6 | $12,500,000 | $3.98M - $22.50M |
View active listings by size:
Properties in Nolita
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is refreshed every 15 minutes per REBNY IDX requirements.
Experience across NYC
Transactions closed
Active in Manhattan
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Nolita buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
Milton helped me purchase my first Manhattan condo, and I can't recommend him highly enough. What could have been a stressful process ended up feeling remarkably smooth. From the initial offer through closing, Milton was responsive, knowledgeable, and always willing to take the time to answer questions and explain the details. I always felt informed and supported, but never pressured. If you're looking for a broker who is knowledgeable, trustworthy, responsive, and genuinely invested in helping his clients succeed, I would absolutely recommend Milton.
Milton was extremely helpful in finding my dream place. He was quick, friendly, and extremely responsive. He made the process so easy for me that it really took a weight off my shoulders. He took his time to work with my schedule and make sure I felt comfortable in my new place. I am really thankful. Highly recommend.
Quarterly report
Manhattan Market Report, 3Q 2026
$1,275,000 median sale price. Download the full report
On a $1M NYC purchase: co-ops run $20K-$30K, condos $38K-$42K, new dev $60K+. See every fee, who pays, and 5 ways to cut your bill.
Co-ops make up nearly 70% of NYC housing stock but require board approval. Condos cost more but offer flexibility. Here's how to decide.
Pre-approval gives you a 20-30% edge in NYC bidding wars. Here's what lenders need and how to set your budget ceiling.
Roughly 1 in 8 co-op board applications gets rejected. Here's how to prepare your package and ace the interview.
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The median sale price in Nolita is $2.0M. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.
No. The median sale price in Nolita is currently 79.8% below the 5-year high recorded in December 2021. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Nolita have a median of 162 days on market. That is 36 days slower than the same point a year ago. Roughly 11.8% of active listings have recorded a price cut, suggesting some negotiating room.
Nolita is broadly balanced right now, with median days on market at 162 days and 11.8% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Roughly 1 homes change hands each month in Nolita across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Nolita is $5,500/month. Rents are up 5.9% year over year.
Median asking rent in Nolita is currently $130 below the 5-year high set in May 2026. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Nolita has risen 44.7% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Nolita, median sale prices range across SoHo at $4.0M, Tribeca at $3.0M, Little Italy at $2.4M, Chinatown at $805K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Nolita is served by the 1, 6, A, B, C, D, E, J, N, Q, R, W, Z trains. The commute to Midtown Manhattan runs roughly 10 minutes from Prince St.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Nolita, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: milton@miltoncoste.com.
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Licensed Real Estate Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Nolita, I will guide you every step of the way.
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