The Lower East Side, one of the city’s most storied neighborhoods, has long been an overlooked corner of the Manhattan residential sales market. But it finally seems to be coming into its own as the new-development pipeline pushes asking prices past the $2,000 per-square-foot barrier in the luxury segment. Recent condominium closings in the area were between $1,400 and $1,600 a square foot.

The Lower East Side saw just two new development units sold in the first quarter of the year, accounting for less than one percent of all sponsor units sold across Manhattan. But the pipeline is growing.

One of these luxury new developments is the 38-unit 100 Norfolk, which is designed by Eran Chen’s ODA New York, and sits at the corner of Delancey Street. The listing agent reports that some units at the building are in contract at over $2,000 a square foot.

50 Clinton Street and 204 Forsyth Street are among the other projects that are pushing the quality bar higher in the Lower East Side.