E 2nd St / Loisada Ave median real estate price is $1,078,488, which is more expensive than 77.3% of the neighborhoods in New York and 92.1% of the neighborhoods in the U.S.
The average rental price in E 2nd St / Loisada Ave is currently $5,168, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.5% of the neighborhoods in New York.
E 2nd St / Loisada Ave is a densely urban neighborhood (based on population density) located in New York, New York.
E 2nd St / Loisada Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the E 2nd St / Loisada Ave neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 2000 and the present.
E 2nd St / Loisada Ave has a 14.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.1% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in New York, the E 2nd St / Loisada Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Modes of Transportation
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 17.9% of residents in the E 2nd St / Loisada Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 99.9% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Also, in the E 2nd St / Loisada Ave neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 29.0% of residents here. This is a higher proportion of walking commuters than we found in 99.1% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Finally, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 33.2% of the E 2nd St / Loisada Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.4% of America's neighborhoods.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the E 2nd St / Loisada Ave neighborhood buck this trend. 78.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.8% of U.S. neighborhoods.
Real Estate
What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 114,848 people per square mile, it is more densely populated than 99.8% of America's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The E 2nd St / Loisada Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, one of the really unique and interesting things about the look and setting of the E 2nd St / Loisada Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 98.2% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 99.7% of all neighborhoods in America.
Furthermore, renter-occupied real estate is dominant in the E 2nd St / Loisada Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 88.3%, which is higher than 96.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Also of note, the E 2nd St / Loisada Ave neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 84.5% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Occupations
Executives, managers and professionals make up 71.2% of the workforce in the E 2nd St / Loisada Ave neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 96.1% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
People
Think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the E 2nd St / Loisada Ave neighborhood: a neighborhood in which more "urban sophisticates" live than 95.5% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals.
Diversity
Did you know that the E 2nd St / Loisada Ave neighborhood has more Dominican and Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.1% of this neighborhood's residents have Dominican ancestry and 2.5% have Greek ancestry.
E 2nd St / Loisada Ave is also pretty special linguistically. Significantly, 2.7% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 99.6% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the E 2nd St / Loisada Ave neighborhood in New York are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 86.6% of the neighborhoods in America. In addition, 5.2% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 64.0% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the E 2nd St / Loisada Ave neighborhood, 71.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 16.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.8%), and 3.3% in manufacturing and laborer occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the E 2nd St / Loisada Ave neighborhood is English, spoken by 65.2% of households. Other important languages spoken here include Spanish, Chinese, Polish and Greek.
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the E 2nd St / Loisada Ave neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Dominican (16.1%). There are also a number of people of Irish ancestry (9.1%), and residents who report Asian roots (8.4%), and some of the residents are also of Italian ancestry (6.9%), along with some German ancestry residents (6.6%), among others. In addition, 28.1% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in E 2nd St / Loisada Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (43.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (33.2%) take the train to get to work. In addition, quite a number also hop out the door and walk to work to get to work (29.0%) and 17.9% of residents also bicycle for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.
