Manhattan Community Info | New York City Apartments
Apartments in Manhattan Community are wonderful and diverse! Because each section of the Manhattan Community is unique in the real estate trends they offer, we have split the city into smaller real estate markets: Downtown, Midtown, Upper East Side, Upper West Side and Upper Manhattan.
Manhattan Community Real Estate is considered by many to be the land of dreams and opportunities. People have migrated from all over to live, work and play in the cultural and financial capital of the world. Today, there are over 5 million people living in the community of Manhattan and another 4 million who come to work here every day.
History of the Manhattan Community
What a Deal! Well known as the greatest deal in history, In 1626, Peter Minuit paid $24.00 in trinkets to the local Indians to purchase what is known today as Lower Manhattan Historically there have been plenty of deals that have shaped the way New York Real Estate has evolved.
The Manhattan real estate market has often been driven by its fascinating role as a key player in the world commerce.
The island of Manhattan is only a 60 square mile radius and it is easily one of the greatest cities in the nation. Manhattan consists of more than 40 residential zip codes which include 10001-10014, 10016-10040, 10044, 10048, 10065, 10069, 10075. There are many schools in Manhattan and we have listed some of the very best on our site.
Although it may be hard to believe, the Manhattan condos, homes and luxury homes for sale are still encountering growth in residential districts. In addition, while there are a lot of new developments being built now, new construction is unable to keep up with the number of people coming in to the city to live in Manhattan and, as a result, demand continues to exceed supply of apartments in Manhattan - making the ownership of apartments, luxury condos, or coops in Manhattan a very safe investment and one envied by many. We can not help but mention the beautiful beaches around Manhattan.
Because each section of Manhattan is unique in the real estate trends they offer, we have split the city into smaller real estate markets: Downtown, Midtown, Upper East Side, Upper West Side and Upper Manhattan. There are also smaller more distinct neighborhoods within these areas such as:
TriBeCa is known to be the Manhattan city with the most growth potential and one of the coolest places to live. Tribeca real estate was once only for industrial zoning. It has since changed to mixed property use and has given the city many factory buildings that have been turned into open floor plans and large Manhattan condo, coops and luxury lofts throughout.
Developers are flocking to the area and offering up pre-war industrial looking details to upwards of half a dozen new projects. The new developments will have health clubs, media rooms and high speed internet access just to name a few extras. Already, buildings that were once used strictly for warehouses or industrial use, have been converted on Franklin Street, N. Moore Street and Leonard Street. There is a high level of privacy in Tribeca which attracts celebrities such as Robert DeNiro and Mariah Carey.
The first settlers in Soho cultivated farmland. Needless to say things have changed! Located south of Houston St and north of Canal St. The local government filled in the neighborhood's canal (aptly named Canal Street), and started the first major transition for the area. In 1825 Soho was one of the most densely populated neighborhoods in Manhattan. Now it is considered by many to be one of the hippest places on the map. You can browse the eateries and shops all day. Even the beaches of Manhattan are famous!
There is beautiful and unique cast iron architecture throughout Manhattan neighborhoods. Most of these wonderful cast iron facades were built between the 1860's and the 1890's. Soho was named the Cast Iron Historic District in the year 1973. This preserved the integrity of the architectural style for generations to come.Now, the industrial and warehouses have been mostly converted into residential loft space and office space.
The housing industry in Soho remains low. The buildings in Soho are found to be 4 to 6 stories high, with each floor being a single Manhattan apartment. Once known to attract many artistic type individuals, the higher prices have forced much of these famous artisans elsewhere. Long standing art galleries have also moved to more affordable destinations like West Chelsea. There is still to be found a Guggenheim Museum branch located downtown on Broadway.
Chelsea is known for the finest stores for women. The stores started opening in the 1920's and 30's, and were known as "Ladies Mile". This is the period of the most growth for Chelsea. They added 1,670 apartments to the neighborhood in 1930 called London Terrace.
In the early 1990´s forward thinking retailers used the huge old cast iron buildings to set up shop. These included Bed Bath and Beyond and Barnes & Noble which brought people from across the city to visit on the weekends.
As Chelsea started to expand northward, in 1999 the city re-zoned the area to development. The diverse open flea markets were gone and the contemporary developers opened a wide range of stores. You can find Chelsea north of 14th st. south of 30th St., east of West Side Highway and west of Avenue of the Americas You will find tree lined streets, pre-war row houses, and a large mix of warehouse and light manufacturing buildings. You won´t generally see high-rise apartments in Chelsea.
However, times change gradually and developers are starting to look at Chelsea as a viable housing alternative. Today Chelsea invites the young professionals and is a culturally diverse neighborhood.
Because of these recent re-zoning laws, developers have pushed out the once popular Flower District and light manufacturing market. Still, the art world abounds at the far west end of Chelsea and has created the city´s most recent art colony.
Greenwich Village is located north of Houston St. and south of 14th St.. Greenwich Village has had many a face lift in Manhattan. Home in the 1830´s to some of New York´s finest residents, this upscale neighborhood today, attracts people with an alternative culture. It has resisted the high rise communities and has managed to keep its beautiful streets in tact. Many factory conversions have taken place over the past few years. New York University and Washington Park are still an anchor for the city.
The Upper West Side is a 2 mile stretch of Manhattan Real Estate that extends from Columbus Circle to the south to 96th St. to the north.It holds a diverse mix of culture and architecture. Greenwhich Village is an interesting part of the Manhattan Apartment Real Estate area. The Upper West Side claims some of the world´s finest street addresses and the most prestigious buildings, such as Central Park West, West End Avenue and Riverside Drive. It contains many pre-war row houses that have been converted into multiple-unit co-ops and rental apartment buildings.Lincoln Center and The Museum of Natural History are also located here. The Upper West Side is west of Central Park which was acquired in the mid 1850´s .
The Manhattan's first luxury building was built in the 1880´s by a developer named Edward S. Clark and named The Dakota. People of the times scoffed at Clark´s apartment building, but this did not stop the future heir to the Singer Sewing fortune. The underground development of the IRT and the elevated rails sparked an influx of residential development.The West End Avenue was once called Millionaires Row with upscale town homes until the 20th Century when Riverside Dr. opened one block to the west and the wealthy moved to further enjoy the Hudson River view.
The Upper East Side was born from the New York Central Railroad converting the tracks underground Park Avenue. This is when the very privileged moved in.The areas wealthiest families built mansions along 5th Avenue The Upper East Side attracts those interested in the highly private schools that are close by as well as the ultimate in fine shopping and Central Park views!
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