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Jason Sheftell explores the real estate resurrection of the hell's Kitchen neighborhood .
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This is Jason Sheftell from the Daily News in Hell’s Kitchen, one of New York’s most historic neighborhoods.
About 60 years ago, this neighborhood was completely Irish won in part by the Irish mob and ruled it with an iron hand. Its streets were safe but not very quiet. This is only two blocks from Broadway. Then the neighborhood shifted towards middle income and lower income housing and became a bit dangerous, a lot of drug dealers and lot of bars opening up.
People who I just run into said they were scared to walk the streets. Now, they’re not. The neighborhood is completely transformed, lots of people moved out of the East Village moving here. Why? You can find a studio apartment for $1600.00, a one-bedroom for $1800.00 to $1900.00, and a two-bedroom for as low as $2200.00. That’s in the old house type buildings.
The newer condo is much more expensive, $4000.00 to $5000.00 for one-bedroom and two-bedroom. On the sale side, even more. A $399,000.00 will get you a one-bedroom in an old building, about $600,000.00 to $700,000.00 will get you a one-bedroom in a new building, $800,000.00 to $900,000.00 a two-bedroom in a new condo, and anywhere up from $1.5 to $2 million for some of the newer buildings in the neighborhood.
The schools and parks are very close by. Alvin Ailey’s Dance Studio is also near. Actors love this neighborhood for a lot of reasons. One, it’s two blocks from Broadway. Robert De Niro lived here, so did Jerry Seinfeld, as well as Seinfeld creator Larry David. Christian Slater actually lives on this block.
What’s best about this neighborhood? It still got grip. It’s also close to Midtown, most subways as well, and there are fantastic restaurants as well as very friendly people everywhere.