Home to names like Robert De Niro, Lady Gaga, Jay Z, and Carl Sagan – New York City is the place to be. Famously dubbed the city that never sleeps, New York is the hub of international affairs, commerce, art, entertainment, fashion and technology. A city like this is an enviable residence for anyone and no wonder that it offers some of the priciest real estate in the world. For instance, a two thousand square foot condo in Manhattan can cost you upwards of $3,500,000!
If you are familiar with New York City, then these price tags won’t come to you as a shock but when it comes to the fanciest neighbourhoods in the city, dramatic ups and downs in recent sales may leave you surprised. If you are someone from the uppermost echelons – the so-called ‘one per cent’ – then these high price tags are style statements. New York is a busy city with multiple cultural and financial hotspots to look out for, but when it comes to the delicate balance of vibrancy and luxury, only a few neighbourhoods make the cut.
Here is the latest list of the 3 fanciest New York neighbourhoods to live in:
1. SoHo
New York City’s upscale artsy neighbourhood “SoHo” is acronymed from South of Houston Street. If you are a retail therapy enthusiast, this premier New York district has much to offer: from elegant art galleries to luxury boutiques and expensive hotels. Oversized penthouses, warehouse converted loft apartments and condominiums are aplenty in the area.
The catch is, Soho’s fashionable lifestyle does not come for cheap. In fact, it is one of the priciest neighbourhoods in all of New York. According to Business Insider, a two-bedroom apartment can cost up to a whopping $9,838. Property Shark’s review of market trends revealed that the median sales price for SoHo real estate landscape is $2.3 million. A timeless neighbourhood for a premium price.
2. Tribeca
Stalwarts like John. F. Kennedy, Toni Morrison and Mariah Carey spent their early days walking the cobblestone streets of New York City’s trendy neighbourhood of Tribeca. Instantly recognisable by its residential loft apartments, trendy establishments, abundant greenery, luxurious living standards and the sound of the gushing Hudson River – Tribeca is elegantly tucked away in the quieter pockets of Manhattan away from the congestion of New York City.
Although quaint and quieter, Tribeca is still one of Manhattan and New York’s most expensive zip codes. With a median sale price of $3.2 million and a median rent price of $6.095, living in Tribeca is equivalent to accomplishing the American dream.
Tribeca has the best of both worlds to offer: luxury high rises as well as loft apartments with large windows and high ceilings. Purchasing or renting high-end apartments like these comes with a host of responsibilities such as maintenance and securing your space against untimely damages. For a robust and trustworthy safety net, read more about New York’s favourite home insurance. There’s a reason why people keep talking about the importance of having an insurance cover. Unprecedented moments of financial crisis don’t knock your door before arriving; therefore, it’s always a good choice to have something that comes with the promise of security your bank balance needs.
3. Hudson Yards
Hudson Yards is a 28-acre real estate development in West Manhattan. It is located between 10th and 12th Avenues from West 30th to West 34th Streets. The official website for New York’s priciest gated community describes it as a triumph of culture, commerce and cuisine.
Apart from its uber-stylish condos, duplex penthouses and luxurious apartments, Hudson Yards has more to offer. Hudson Yards’ distinguished 88 storey tower offers customised interiors, soaring ceilings, panoramic views of the New York skyline and an experience like no other. With world-class private amenities and elegant arcs of glass embellishing the residence – the prices of owning an apartment there are just as world-class.
For the One Hudson Yards luxury residential building located in the heart of New York, renting a two-bedroom apartment is triple the amount of an average American’s monthly salary. Owning a penthouse, however, is a different ball game altogether. If you plan on purchasing one, an expense of at least $30,000,000 is certain.
In conclusion:
Living in New York’s most premium real estate is the quintessential American dream. The landscape is uncertain and sales, often surprising. This uncertainty is what allows an opportunity for anyone to live in an upscale New York neighbourhood, be it Manhattan or Brooklyn. While the prices are soaring rapidly, New York offers a window for everyone to accomplish their dreams and rise up the ladder.
To quote New York natives Alicia Keys and Jay-Z’s their prolific release ‘Empire State of Mind’: there’s nothing you can’t do, Now you’re in New York.