Trendy neighborhood known for its upscale restaurants and stunning views of the Hudson River, Freedom Tower, and the Statue of Liberty.
TriBeCa (or the Triangle Beneath Canal Street) has become one of the hottest neighborhoods in Manhattan, with real estate prices rising to $50 million and above at the upper end.
Once a neighborhood of industry, Tribeca used to be filled with manufacturing warehouses and open-air markets. The Washington Market was the largest of its kind in the late 1800s before Tribeca was gentrified and brought back to life by artists who started squatting in the open, airy lofts. By the 1970s, neighboring SoHo’s prices were on the rise, and many artists began moving West to find similar lofts without the steep prices. Like SoHo, the area between Broadway and the Hudson River on the East and West, and Canal and Vesey on the North and South, was renamed to rebrand the neighborhood and reflect the directional boundaries.
Today, with the revitalization project in the neighborhood, many Manhattan newcomers have been flocking to this trendy neighborhood now known for its upscale restaurants and stunning views of the Hudson River, Freedom Tower, and the Statue of Liberty.
Residents enjoy the neighborhood's close proximity to other attractive neighborhoods, such as the Financial District, Chinatown, Greenwich Village, the West Village, SoHo, the Civic Center, Little Italy, Nolita, and NoHo.
Many brilliant and talented celebrities like Meryl Streep, Daniel Radcliffe, Jon Stewart, Jeremy Piven, Jennifer Connely, Leonardo DiCaprio, Bethenny Frankel, and Jay-Z and Beyonce have called Tribeca Home.
One of the priciest areas in Manhattan, the Tribeca market offers high-end amenities, convenient locations and stunning views. The average price for an apartment in Tribeca was $3.5 million in 2014, while the average price of an apartment on the highly coveted Upper East Side was only $2.23 million, and the average price for all of Manhattan was only $1.71 million. Many of these apartments were once manufacturing warehouses that have been converted into trendy lofts. In 2014, a penthouse at 36 Leonard designed by Herzog and de Meuron sold for $47 million. Buyers interested in luxury homes in Tribeca should work with an experienced Tribeca realtor to ensure full access to off-market properties and expert guidance in the home-buying process.
The Tribeca luxury real estate market offers industrial buildings with plenty of square footage as well as newer, modern buildings with rooftop patios and high-end amenities. Residents enjoy Tribeca homes with sprawling views of the Hudson River as well as city landmarks, like the Statue of Liberty and Freedom Tower. In some instances, depending on the height of the building, some luxury condos in Tribeca offer beautiful views of Upper Manhattan as well. Buildings are within walking distance of public transportation, high-end restaurants, and plenty of fashionable shopping in nearby SoHo. For guidance from the premier Manhattan real estate team, contact via phone or email.
45 percent of people who live in Tribeca are married with kids, while 39 percent are married without kids. Only 8.4 percent of people are single parents, thus the smallest percentage of people in Tribeca are single. Most of the residents earn between $250,000 and $450,000 per year. Just over 1,000 of Tribeca’s residents earn more than $500,000 annually. Most residents have an advanced degree, like a PhD or Master’s. Nearly all the residents have at least a Bachelor’s. Most residents are between the ages of 30 and 39. Residents age 40 to 49 make up the second-largest demographic, while children under 9 fall third. While crime in Manhattan is higher than the nation’s average, Tribeca sees less crime than the rest of the island.
Residents enjoy access to many of the city’s parks by subway or cab. In Tribeca, residents can enjoy great views and family fun at Washington Market Park. Since the area has such a large population of children, the park boasts a family playground, holiday activities and basketball courts.
Nelson A. Rockefeller Park offers stunning views of the Hudson River, New Jersey, and the Statue of Liberty. A part of Battery Park City, a residential compound in the area, is run by the Battery Park City Conservatory. In addition to the beautiful public art that is scattered around the park, Rockefeller Park offers rest areas for families, fields for team sports, the Lily Pond, and a children’s garden.
Since Tribeca is located at a convenient walking distance to many of Manhattan’s main tourist attractions, like the SoHo shopping district, Battery Park, the World Trade Center complex, Wall Street and the Civic Center, there are plenty of hotels in the area.
Sheraton Tribeca New York Hotel offers minimalistic and sophisticated rooms in this popular chain’s high rise. For those looking for a boutique hotel experience, the Roxy Hotel pays homage to the area’s artsy history in its posh art deco lobby and rooms. The Hilton Garden Inn offers mid-priced rooms similar to the ones offered in the chain’s more upscale locations—without the hefty price tag. Another boutique hotel, the Duane Street Hotel, offers high-end luxury with plenty of knowledgeable staff. For a more modern décor, visitors can stay at Smyth, a Thompson Hotel, to enjoy the trendy younger pace of the neighborhood.
With some of the hottest celebrities living in the neighborhood, it’s no surprise that some of the trendiest restaurants are also located in the 10013 zip code. It’s also no surprise that many of these restaurants are owned by celebrities themselves. Robert De Niro’s Tribeca Grill offers diners upscale steaks in an artsy setting.
Those craving Indian food can head over to the Tamarind Tribeca for chicken tikka masala, homemade naan and bataki kosha in a minimalistic environment. The restaurant even has a coveted Michelin star.
Diners jumping on the farm-to-table bandwagon can enjoy the simple flavors and luxurious setting at Marc Forgione.
Since Tribeca is so close to other neighborhoods, residents can pop over to Chinatown for Dim sum, Little Italy for pizza, the Financial District to enjoy one of the many pubs on Stone Street or NoHo and Nolita for an artesanal Italian coffee or a posh restaurant.
Given the amount of high-end restaurants, hotels, and luxury condos, it's should come as no surprise that Tribeca’s nightlife is some of the best in the city. People flock to the Tribeca Comedy Lounge to bust a gut, the Church Lounge for a handcrafted cocktail and Haus NYC for a trendy setting with tons of house music.
Thanks to its convenient location, adjacent to neighboring SoHo, Tribeca has all the benefits of easy access to the many department stores on Broadway and high-end boutiques on side streets—without all the hustle and bustle. Residents can also head to the new Brookfield Place, near the World Trade Center, for plenty of high-end stores, boutiques and restaurants. The neighborhood is also conveniently located near trendy boutiques and discount shopping.
P.S. 150 Tribeca Learning Center, grades K - 5
P.S. 234 Independence School, grades K - 5
Stuyvesant High School, grades 9 - 12
Washington Market School, Preschool and Kindergarten
The Montessori School of Manhattan, preschool
The Park Preschool, preschool
TriBeCa Community School, preschool
Avenues: The World School, grades PK - 12
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