Tribeca

Long an industrial corner of old New York, then a haven for artists working in its abandoned commercial spaces, Tribeca has evolved into one of the most desirable residential neighborhoods in Lower Manhattan. Situated just north of the Financial District, Tribeca is a portmanteau standing for Triangle Below Canal, and while the moniker seems to have been created by accident (it initially referred to just one triangular block), the neighborhood is somewhat pointy, with Canal Street as its northern boundary, the Hudson River to the West, Broadway forming the eastern edge, and Vesey Street marking its southern end.

5.7% of homes listed in the Tribeca neighborhood are studios, 13.8% are 1 bedrooms, 35.2% are 2 bedrooms, 29.7% are 3 bedrooms and 15.5% have 4 or more bedrooms.
The average listing price of a studio in the Tribeca neighborhood is $2,659,276, 1 bedrooms average $1,650,716, 2 bedrooms average $2,948,721, 3 bedrooms average $5,324,974, and larger homes average $11,630,100.
The average size of a studio in the Tribeca neighborhood is 1,704 square feet, 1 bedrooms average 1,043 sqft, 2 bedrooms average 1,638 sqft, 3 bedrooms average 2,459 sqft, and larger homes average 4,424 sqft.

Housing stock

Tribeca offers a fascinating array of housing options, with converted lofts and ornate former industrial spaces (think high ceilings, huge windows, and thick walls) as well as many newer high-rises that provide all the luxury amenities expected in 21st-century Manhattan. One thing you won’t find much of are the stately prewar co-ops prevalent on the Upper East and West sides. But some of Tribeca’s lofts, with their wooden wall paneling and timber-trimmed ceilings, over unbelievable amounts of character — and a provide a sense of history you won’t find farther north.

Transportation

Sitting at the confluence of several of New York’s busiest subway lines, Tribeca offers residents an excellent location from which to access the rest of the city (and the region). The 1, 2, and 3 trains run under Varick Street, while the A, C, and E lines are just one block away, under Church. In the vicinity of City Hall, one can easily grab a 4, 5, 6, or a J or Z train, and the gleaming new World Trade Center transportation hub houses New Jersey-bound PATH trains as well. From Tribeca, you can truly get anywhere easily.

Schools

Residents of Tribeca savor their proximity to what is sometimes considered the best public elementary in Manhattan, the PS 234 Independence School, at the corner of Greenwich and Warren streets. PS 89 Liberty School on the west side of the neighborhood, enjoys a GreatSchools rating of 10 out of 10. Tribeca-dwelling children are also close to the Léman Preparatory School, in the Financial District, and the Church St. School for Music and Art, which offers preschool programs as well as rock band classes for teens.

Parks

In the warmer months, Tribeca residents congregate in Washington Market Park, a spacious patch of green at Greenwich and Duane streets that houses a playground, tennis and basketball courts, and a community garden — as well as a large lawn in which to lay around and picnic.

Restaurants and Bars

As Tribeca has grown into one of the most sought-after corners of Manhattan, bars and restaurants befitting its privileged residents have followed. Bubby’s is a temple of comfort food serving perhaps the neighborhood’s favorite brunch, and, for more a elegant meal, exquisite French cooking, exotic Indian spices, and even Korean plates with two Michelin stars are all close at hand.

Shopping

With average real estate prices topping even the classically posh Upper East Side, Tribeca lives up to its elite reputation with a bevy of top-tier shopping options. Fine clothing and sleek design rule in shops like Shinola (U.S.-made watches, bags, and bicycles), Annelore (striking women’s apparel), Best Made Co. (rugged clothing and outdoor gear), and Korin (Japanese knives and tableware). Daily essentials like groceries are available at the neighborhood Whole Foods, Best Market, and a number of smaller stores.

Landmarks and Culture

Actor Robert DeNiro helped boost Tribeca’s cultural reputation in 2002 by co-founding the Tribeca Film Festival, an annual gathering of screenworld heavies who breathed new creative life into Lower Manhattan in the wake of Sept. 11. The festival runs for two weeks every April, showing off films of all length and style and putting this small neighborhood at the center of the show-biz world. More diverse events and performances are always happening at the Tribeca Arts Center, and a number of smaller arts spaces and galleries in the neighborhood mean there’s always something interesting going on.