Little Italy is one of New York City’s most well known and distinctive neighborhoods. Located between TribecaChinatownNolita, and the Lower East Side, the area is home to historic Italian businesses, funky vintage stores and independent art galleries, as well as new cafes and boutiques with a high-end, rather than old-world, feel. However, tourists and visitors are still drawn to the area by the beautiful, historic architecture, close-knit atmosphere, and of course the amazing, Italian cuisine. Little Italy also hosts one of New York’s most popular festivals, the San Gennaro Festival, drawing thousands of people –tourists and residents –to the festivities. Lasting two weeks in September, the festival is a celebration of the patron saint of Naples, and offers traditional Italian music, art, and food.

Housing in the area is a melting pot, with rental prices ranging from some of the lowest in the city to high-end apartments, drawing tenants who are interested in the quaint, cultural atmosphere of the area as well as its desirable downtown location.

While there many not be as many old fashioned cheese shops, butcheries, and restaurants, the ones that remain are worth a visit. Places like Di Palo’s, an Italian specialty store that opened in 1903, and the Alleva Dairy, the nation’s oldest Italian cheese store, having opened in 1892, remain popular –so much so, that they both recently began selling their products online as well. Despite new, diverse businesses opening, Little Italy remains a haven for those seeking a bit of “old New York,” and commercial real estate investors cannot resist the lure of tradition and charm in a well-trafficked area.

For information on the Little Italy neighborhood and other exciting homes for sale in Manhattan, contact Robert DeFalco Realty at 718-748-7000 (NYC Service Office, member of Manhattan MLS) or stop by our conveniently located one-stop center at 8823 3rd Ave. in Brooklyn. 1678 Hylan Boulevard in Staten Island, 718-987-7900 for our Staten Island Office or in New Jersey at 315 Rte 34 in Colts Neck, 732-845-3200.  Bi-lingual agents are available.