TriBeCa Real Estate Market Trends

Top most expensive neighborhoods in Manhattan

TriBeCa median price compared with other neighborhoods in Manhattan

TriBeCa property values are on the higher-end for neighborhoods in Manhattan .

TriBeCa median price compared with all the neighborhoods in Manhattan

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TriBeCa Neighborhood Guide

Tribeca oozes with New York style. Celebrities and Wall Streeters blend into a neighborhood of 19th century warehouses and factories that was virtually devoid of residences a half-century ago before the industrial buildings were herded into a collective known as Tribeca - the "Triangle Below Canal Street." This is still a young neighborhood, still building its traditions. Chic and sophisticated happily co-exist with down home and comfortable. Family living is one of the biggest draws of Tribeca where the warehouse lofts yield some of New York''s largest living spaces.

Architecture and landmarks

Like its fellow acronym-tagged neighborhood in Lower Manhattan, SoHo, Tribeca was a textile manufacturing center in the 1800s. The streets still harbor cast iron-fronted Italianate souvenirs from that era with a generous helping of Neoclassical and Art Deco office towers in the real estate market. The Neo-Gothic Woolworth Building, the world's tallest building when constructed in 1913, is tucked into the southeast corner of the neighborhood. The weathered Hook & Ladder No. 8 firehouse on North Moore Street, erected in a Beaux Arts style in 1903, has taken several star turns in Hollywood features, including Ghostbusters. The Holland Tunnel, which was the first auto tunnel into Manhattan, funnels traffic from New Jersey into New York in Tribeca.

Things to do

With the help of neighborhood resident Robert De Niro the Tribeca Film Festival launched in 2002. It now brings three million movie lovers a year into the neighborhood. In its wake Tribeca has become something of a giant soundstage with the number of film production companies that roll their cameras here.

Many filmmakers operate out of the Tribeca Film Center and the Tribeca Performing Arts Center screens the fruits of their labors. The well-heeled residents like their neighborhood quiet and there are not many other draws for troublesome tourists. The local restaurants employ both high-profile chefs and dispensers of comfort foods.

Washington Market Park provides the primary greenspace get-away for Tribecans. Once a refuse dump, it is now a happy mix of community gardens and open lawns. Diminutive Duane Park has been a spot to relax and watch New York hurry past for the better part of two hundred years. Hudson River Park offers pedestrian and bicycle paths along the river, linking Tribeca to attractions and landmarks north and south. The park also has tennis courts, ballfields and a dog run, and is a favorite place to cool down with summer breezes off the water.