TriBeCa (TRI)

The Tribeca neighborhood is bounded by Canal and Barclay Streets to the north and south respectively; with the Hudson River and Broadway to the east and west respectively. The name of the neighborhood, Tribeca actually stands for Triangle Below Canal. It is often defined as very dynamic area, full of unique collection of shops, restaurants, art galleries and luxury high-rise buildings. Robert Deniro’s film studio; together with vast designer lofts, are also located here. As a consequence, celebrities are frequent guests of the area, giving Tribeca a certain chic air. The neighborhood is located near New York City’s Financial District, which adds convenience to the eclectic mixes of commercial and residential properties.

Back in ‘70s, when prices were low and the Hudson River views affordable, this place was crowded. Many poor artists chose this neighborhood as their home, investing some sweat equity to install kitchens and bathrooms in raw warehouses. In the mid ‘80s the neighborhood began to gain in popularity, it appeared on maps and property values rose as celebrities, developers, and professionals recognized the advantage of vast apartments near Wall Street or midtown.

The area is full of Greek coffee shops, appliance stores and mom-and-pop shops; which remain unchanged since the 1930’s. In terms of entertainment, Tribeca has a respectable number of playhouses, the Performing Arts Center and the annual Tribeca Film Festival. Tribeca is known as a safe neighborhood, with excellent schools and only 10-15 minute walk from midtown Manhattan. All these conveniences make Tribeca a popular NYC residential rental.