Tribeca, whose name came from “the Triangle Below Canal Street”, is situated just south of SoHo, extends from Canal Street down to Park Place, between Broadway and the Hudson River. It is formerly an industrial district and the area still retain many rusty buildings of bricks. Along with one-of-a-kind shops in splendid architectural spaces, the neighborhood offers a wide range of dining options, from casual sidewalk cafes to some of the city’s finest restaurants. With many artists among its residents, Tribeca is a dynamic cultural center with cutting-edge galleries, artists’ studios, theater spaces and live music venues. The neighborhood’s long stretch of waterfront offers a fitness trail perfect for enjoying a run or walk by the river. The nightlife in Tribeca is busy but refined, attracting a cosmopolitan crowd who have a well-curated appreciation for the finer things in life. The area annually hosts the acclaimed Tribeca Film Festival.
Known for its high-end real estate and well-heeled residents, Tribeca is an upscale neighborhood full of a wonderful array of beautifully-restored, cast-iron warehouse buildings along the wide historic streets of cobblestone. The magnificently converted lofts retain details of the prior use of the buildings, such as exposed wooden beams, extra-large windows, exposed brick and wall-sized rolling fire doors. Unlike most of downtown, the sidewalks and street views offer room to breathe. It’s no wonder that families and young professionals love calling it home. Average residential property price per sq. ft. is around US$1,821 in the area.