NYC Neighborhood Guide

Tribeca

Whether it’s TriBeCa or Tribeca is open to debate, but the Triangle Below Canal is actually an irregular trapezoid and super ExPenSive. Tribeca’s ZIP codes rank among the most pricey in NYC, but the neighborhood had humble beginnings as a textiles center. Artists and sculptors in the ’70s moved in before developers converted these old warehouses into luxury condos and rentals.

Cobblestone streets have old New York roots, but industrial grime is long gone. Tribeca has a concentrated urban feel with its understated yet elegant lounges, restaurants, and galleries. This safe, quiet neighborhood is popular with upper class families and A-list celeb residents—namely Justin Timberlake, Taylor Swift, and Harry Styles. Robert De Niro’s Tribeca Film Festival is a cultural asset each spring.

🎩 Exclusive

🤫 Hushed vibe

🚸 Safe and family friendly

🎓 Outstanding schools

🗝 Lofty architecture

🤳🏼 Celeb sightings

🎞 Annual film festival

 

Tribeca Real Estate and Trends

Converted 19th and 20th century warehouses define Tribeca’s housing stock. In these historic mid-rises, some of which are clad in cast iron, you’ll discover spacious units. New construction includes amenity-rich lofts, so if a prewar building doesn’t fit your style, modern options are available. Those with sunset views over the Hudson command premium prices.

Looking for a steal? You’ve come to the wrong place. Despite a slow but sustained decline in area home values, Tribeca remains one of the most expensive neighborhoods. Median home values and average sales surpass $3M while median rent approaches $6K per month for a 1 BD. On the plus side, Financial District commutes may be just steps away.

Price Trends

Studio $870,000

1 BD $1,450,000

2 BD $2,848,000

3 BD $4,000,000

4 BD $6,650,000

Average sales price based on past transactions. Last updated: 2/18/21

 

Many buildings and blocks are designated historic landmarks, making it less likely that wealth will alter Tribeca’s signature street-facing character.
Robin, Localize real estate advisor

Transportation in Tribeca

Subway – The 1/2/3 trains run closest to Tribeca’s residential blocks. The A/C stops at Canal St and Chambers St. The E also stops at Canal and begins/ends at the World Trade Center. Convenient underground walkways connect the stations at World Trade Center, Park Place, and Chambers Street. An alphabet soup of lines is steps east at Cortlandt and Fulton Streets.

Rail – PATH trains to Newark and Hoboken leave from the World Trade Center commuter hub with access to several subway lines. Designed by starchitect Santiago Calatrava, it’s iconic aboveground and a shopping mall underground.

Ferry – At the southern edge of Tribeca, NY Waterway’s Brookfield Place Terminal at Vesey St launches commuter boats to Hoboken and other landings in New Jersey.

Bus – The M20 along Varick and Hudson Streets is the only option until you get closer to the World Trade Center.

Bike – Citi Bike serves Tribeca, especially closer to the river. Handlebars down, the best cyclist amenity is easy access to the protected Hudson River Greenway. On-street striped lanes run east on Warren, west on Reade, north on Church, and south on Varick.

Best Schools in Tribeca

State test scores far surpass proficiency at Tribeca’s public schools, which are some of the city’s best. These include PS 150 Tribeca Learning Center (PK-5), PS 234 Independence School (K-5), and PS 89 Liberty School (PK-5), which shares a facility with IS 289 Hudson River Middle School (6-8). Learn more about how NYC public school enrollment is changing.

Academic heavyweight Stuyvesant High School is just beyond Tribeca’s southern border in Battery Park City. Stuy is a college prep public magnet school. It’s the top dog in NYC and 25th best high school in the nation, according to U.S. News rankings.

Your Perfect Day: Things to Do in Tribeca

🌳 Let the kids loose at playgrounds in Washington Market Park; bring a blanket and takeout from Whole Foods for the summer family concert series

👻 Snap a photo outside the Ghostbusters firehouse (FDNY Ladder 8); sorry, you can’t slide down the pole like Dan Aykroyd

🖼 Up your cultural cache by visiting one of a dozen art galleries that are relocating here en masse from Chelsea

🍴 Dine at eateries along Greenwich St and Hudson St; may we recommend upscale Indian at Tamarind Tribeca or urban Italian at Locanda Verde?

🥃 Grasp a snifter in the spirited amber glow of the Brandy Library; make it educational with tasting classes, such as rare and precious Japanese whisky 

🎟 See a world premiere at the annual Tribeca Film Festival, one of the biggest and most influential in the nation

🎺 Gather over live entertainment at the brick wall lounge in The Roxy Hotel Tribeca

💄 Turn back the clock and revel like an early ’80s A-lister at the Odeon, a once hedonistic restaurant immortalized by the novel Bright Lights, Big City

Want to live in Tribeca?

 

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