New York City is home to some of the most expensive real estate in the world. The most expensive place to own a home in this expensive city, however, is Tribeca.
While back in the 1970s, the neighborhood attracted artists because of its many large lofts, today its relatively quiet streets entice the city's wealthiest businesspeople, as well as mega-celebrities like Beyoncé, Jay-Z, and Taylor Swift, who purchased a penthouse in the neighborhood for a reported $20 million in 2014.
Today, according to StreetEasy data, the median sale price in Tribeca is $4.525 million.
I recently strolled through the neighborhood to see why its real estate repeatedly tops the market. From its cobblestone streets to its plentiful restaurants, shopping, and parks, there seems to be very little reason to ever leave Tribeca once you've settled in.
"Tribeca" is an abbreviation for "Triangle Below Canal Street." Originally, the name referred only to a single block on Lispenard Street between Church Street and Broadway. Today, the neighborhood is understood to include the streets south of Canal down to Vesey Street, and from the West Side Highway to Broadway.
Source: Curbed
As for public transportation options, the neighborhood is serviced by the 1, 2, 3, A, C, E, N, Q, R, and W subway lines.
On the market in Tribeca right now are some of the city's most historic homes. This row of townhouses on Harrison Street was originally built in 1819 and made an official city landmark in 1966. Home 27A is currently on the market for $6.5 million.
Source: Douglas Elliman
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