The most expensive area of New York - Tribeca: what is famous and why it attracts celebrities
'19.11.2019'
Source: businessinsider.com
Tribeca's trendy district, located in downtown Manhattan, boasts the most expensive zip code in New York. About why this place is chosen for life by stars and millennials, the newspaper writes. Business Insider.
About area
The area, which borders the Hudson River in the west and the financial district in the south, is a popular destination with stars such as Taylor Swift, Jennifer Lawrence and Steven Spielberg.
Naturally, real estate is also expensive here. PropertyShark ranked the area as the most expensive in New York, with an average of $ 3,9 million worth of housing. According to StreetEasy, the average rent is $ 6.
Next, we will answer the question of what is special in the area and why stars and young families like it so much.
Transport
Tribeca is located on the west side of lower Manhattan. It borders the Hudson River in the west, Soho in the north, Chinatown in the east, and the Financial District in the south.
The area has a well-developed public transport network. In particular, there are trains A, C, E, 2, 3, N, Q, R and W, which will take you to different parts of the area.
Previously, this area was the site on which warehouses were located. Today it is famous for its industrial architecture left over from that time.
Real estate prices
In recent years, luxurious condominiums have been built in Tribeca.
“The tallest building in the area is 56 Leonard, a 60-story tower built in 2015. It houses 145 apartments, including a four-bedroom penthouse for sale for $ 24,5 million. Another penthouse is rented for $ 123 per month, ”the source notes.
According to StreetEasy, the cheapest apartment in the building is a two-bedroom apartment for $ 4,85 million. If we talk about renting, then the most affordable one-bedroom housing in this building is offered for $ 8 per month.
Population
Tribeca is a relatively young area with 45% of the population aged 18 to 44 years.
Young families choose this area also because it is home to one of the most prestigious schools in New York - Stuyvesant.
On the subject: Named the best low-cost areas of New York
Wealthy New York families are also willing to pay more to live within walking distance of a school like Stuyvesant High School. The average selling price for a home near a school is $ 1,86 million.
Nature
There is a huge amount of green space in Tribeca.
For example, Teardrop Park is a green zone in 0,2 ha, hidden between Warren Street and Murray Street.
Also here is the Hudson River Park, which offers panoramic views of the river itself and New Jersey.
“This is the longest river park in the United States,” emphasizes the author.
Historical architecture
Tribeca is also one of New York’s oldest districts; most of its architecture, erected before the Civil War, has been preserved.
“(Tribeca - Ed.) Boasts one of the world's largest collections of Neo-Grec structures and wrought-iron facades in attic style, attracting real estate investors from around the world,” Heather Senison wrote for Forbes in 2018.
Famous residents
The area is known for its famous inhabitants. Some of them settled in one luxurious building at 443 Greenwich. This building was called "sheltered from paparazzi", as there is an underground parking and a courtyard with a garden.
According to Curbed New York, Jennifer Lawrence decided to buy an apartment there, and Mike Myers bought a loft in the building for $ 14,65 million in 2017 to put it up for sale in a week and eventually resell at a loss for $ 14 million.
Quiet streets, a "kindergarten" for dogs and fashion networks
Another feature of this area is its quiet cobbled streets.
Also in the area there is a “kindergarten” for dogs, one of which is called PupCulture.
In addition, almost all of the city’s most fashionable chains are located in Tribeca, from restaurants to fitness centers.
Tribeca has Sweetgreen and Dig Inn, two of the most popular fast food restaurants in town. When it comes to fitness, in addition to the regular Equinox - which can be found throughout the city - Tribeca is home to SoulCycle, Crunch Fitness, Borycamp, Planet Fitness, Pure Barre, SLT Tribeca, CrossFit Gym.
Upscale eateries are also found in this trendy Big Apple. These eateries include Cut by Wolfgang Puck as well as Wolfgang's Steakhouse.
Although Downtown Manhattan is a bustling business, tourist and shopping district, Tribeca is a great place to live. This is why millennials choose this place, with its cobbled streets, lively restaurants and bars.
Millennials are called the "generation of good health", they are ready to pay serious money for membership in the gym, so no one is surprised at the many fitness centers in this expensive area of the city.
