About NYC: Hot Neighborhoods: Lower East Side

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'This area, I would say, exploded in the last 36 months,' said Andrew Heiberger, president of Citi Habitats, a NYC real estate company. The Lower East Side is rapidly experiencing the demolition of longstanding nightclubs and bars, such as the Luna Lounge, to make way for luxury NYC apartments.

Bounded by the areas of Houston Street, Canal Street, and FDR Drive, the Lower East Side is home to what once was the largest Jewish community in NYC. Like the progression of most other areas in New York, the Lower East Side now finds itself to be a true multicultural blend complete with French cafes, hip boutiques, mom and pops and Spanish bodegas. True to its original heritage, one can still feast on a pastrami sandwich and eat out of a barrel of pickles at Katz's Delicatessen, the oldest New York deli founded in 1888.

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