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Old 07-25-2017, 09:08 PM
 
204 posts, read 118,191 times
Reputation: 110

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Hello all,

New to NYC and everytime i post something it's to learn something new about NYC as I continue to explore the city as a new resident.

I was playing around on the "street easy" app looking for apartments and i was flipping through the different neighborhoods and on the app it gives you info about "median rent" and to my surprise "Tribeca" has average rent of $7K+...Now granted, being new i don' tknow much about the area (yet) but why is it so expensive? I figured neighborhoods like upper east/west, SOHO, Chelsa, were expensive for obvious reasons but what is special about tribeca? what does it have that I haven't heard of or seen yet? educate me!

thanks all.
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Old 07-25-2017, 09:11 PM
 
3,700 posts, read 2,494,372 times
Reputation: 2614
It's cuz it's mostly old converted lofts AFTER the loft laws so they don't apply, so lots of Artist wannabes (alhtough a lot of gallery owners lived down there in the early 00's). But also, because of all the new construction of luxury highrises coupled with the fact that it was never really residential the average price of aprartments down there seems absurd! but in other parts of manhattan you have rent-controlled, rent-stabalized, the projects, and other down market and up market market rate rentals, but there's just as many absurdly priced apartments up there. TriBeCa is new money corny.
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Old 07-25-2017, 09:34 PM
 
Location: Parkchester.
958 posts, read 481,427 times
Reputation: 1412
Off the beaten path, but sill accessible. Not as artsy as soho/west village but not as corporate/stuffy as midtown/upper east side. Just in between.

It's the perfect place for Celebs. Amazing schools, cool vibe, great restaurants, cool name, no poor people, spacious housing, people like OP who don't even know about it, etc. help drive up the prices.
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Old 07-25-2017, 09:38 PM
 
3,700 posts, read 2,494,372 times
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It's essentially the Stepford Wives version of NYC 2017. (seriously)
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Old 07-25-2017, 09:39 PM
 
3,700 posts, read 2,494,372 times
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and yeah, apparently "no poor people" is the biggest draw for them.
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Old 07-25-2017, 09:40 PM
 
3,700 posts, read 2,494,372 times
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thinking about it right now... I can't think of any affordable housing lotteriest in that area!! (or maybe I never applied to them...) someone else could chime in... any 80/20 buildings out there? I don't think there are.
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Old 07-25-2017, 09:45 PM
 
Location: Parkchester.
958 posts, read 481,427 times
Reputation: 1412
Quote:
Originally Posted by Aquarius37 View Post
thinking about it right now... I can't think of any affordable housing lotteriest in that area!! (or maybe I never applied to them...) someone else could chime in... any 80/20 buildings out there? I don't think there are.
There was one, I'll try to find it. It wasn't even middle or moderate, it was low income.
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Old 07-25-2017, 09:47 PM
 
Location: Parkchester.
958 posts, read 481,427 times
Reputation: 1412
Here we go;

456 Washington Street

https://ny.curbed.com/platform/amp/2...e-as-800-month

If I was making 28k, I would not feel comfortable in that building. Imagine living in a place where the porter probably makes more then you!

Keep in mind the penthouse was going for 50k, lol

Gotta love NYC!!
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Old 07-26-2017, 05:04 AM
 
136 posts, read 61,200 times
Reputation: 188
Beautiful apartments, great light, fantastic schools, bars and restaurants that aren't all hype, easy subway access, close to the river, lots of lovely parks, small shops, not so many chains (used to be better). Plenty of 3 bedroom apartments for bigger families and lots of kid-friendly amenities. I've been down here for 14 years and the only reason I see to leave is to buy a townhouse in the village.
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Old 07-26-2017, 06:16 AM
 
1,207 posts, read 1,127,084 times
Reputation: 253
walking distance the financial district too for the wall street fat cats
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