The NoHo neighborhood in Lower Manhattan is a highly desirable place to purchase a home, with high demand from buyers driving up prices on real estate. Inventory is relatively low as the neighborhood is quite compact and condos for sale in Noho command high prices. The NoHo monicker is short for north of Houston Street, similar to how its neighbor SoHo stands for South of Houston. The area features impressive architecture, with many cast-iron buildings, much of which are in the NoHo historic district. Homeowners also enjoy the lively air and central location of the neighborhood, which is close to some of the best shopping, dining, and nightlife in NYC. If you plan on buying real estate here, you’re certain to love living in the neighborhood.
Homebuyers can expect high-priced real estate in older, pre-war buildings. Most apartments for sale in Noho feature lots of character, with high ceilings that are often beamed, and exposed brick. Noho lofts and penthouses are always in high demand and these apartments consistently sell for extremely high prices. There's also been a fair amount of new development, so if you want to buy a luxury condo you'll have a few options. Some of the nicest condos and co-ops in the neighborhood are 21 Astor Place, 40 Bond, the Silk Building at 14 East 4th Street, and the recently constructed 40 Bleecker Street. Prices on apartments for sale in these buildings tend to be relatively expensive, with residences often selling for millions of dollars.