Once a haven for artistic types, Tribeca or “Triangle Below Canal Street” is one of the most costly areas to live in Manhattan. Known for its oversized warehouse-like lofts, quiet streets, and in more recent years, a stylish set of denizens, Tribeca is recognized as not only as one of the most desirable New York neighborhoods but in 2010, statistics proved the area to be the safest in the five boroughs of NYC.
The borders of Tribeca are Canal Street to the north, Broadway to the east, West Street to the west, and Vesey or Chambers to the south. The neighborhood has long been known for its industrial feel, but many of its former factories have been transformed into loft apartments.
In the late 1960s and ‘70s, urban pioneers flocked to Tribeca for both studio and residential space in its sprawling warehouses. Since the 1980s, many of the area’s buildings have been converted to condos in which Manhattan’s elite now reside. Today, growth continues to dominate the neighborhood – a new 46,000-square-foot condo development is slated for a stretch on West Broadway.
Tribeca is home to a host of celebrities and film stars. Some of the enclave’s present and past residents include actor/ director Edward Burns, singer/songwriter Maria Carey, actor/director Leonardo DiCaprio, rapper Jay-Z, actor Meryl Streep, and comedian Amy Poehler, and of course Mr. Tribeca himself, Robert De Niro.
What to do
You’ll find great shopping along West Broadway –– fashionable boutiques such as Bogner and A Uno are located here. Hudson Street is also a destination for a variety of shops and restaurants. Popular eateries like Tamarind and Odeon are two of Tribeca’s finest, and you’ll find both on Hudson. Wander the cobblestone streets, and you’ll discover De Niro’s Tribeca Grill and Locanda Verde in the heart of the nabe.
Green space is limited, but residents frequent Hudson River Park at Pier 25, Washington Market Park, and City Hall Park, which lies at the south end of the neighborhood, to soak up nature and participate in outdoor activities. What the area lacks in park space, it makes up for in its access to the waterfront, which is just minutes from most addresses.
Tribeca is the location of the world-renowned Tribeca Film Festival, which takes place each spring. Founded by Robert De Niro and Jane Rosenthal in 2002, the festival was created to aid in the recovery efforts of Lower Manhattan after the September 11, 2001, terrorist attacks. The TFF also clearly defines New York City as a major filmmaking city. Each season, local films are selected to compete, and a plethora of international films from around the globe premiere at the festival as well.
What it costs
Most small one-bedroom condos fall in the $1.5 million range, but more spacious apartments could cost several million. According to Streeteasy.com, a basic two-bedroom rental in a luxury building will run about $6,000 per month, but depending on size, location, and amenities, a unit could go well over $10,000 per month. Expect prices to increase in the future. Tribeca offers space, safety, and luxury for those who can afford to live here, as well as good transit options, which brings me to the next point.
The one train travels through the heart of the neighborhood with a stop at Franklin Street. The express 2/3 trains make a stop at Chambers. The A/C/E trains shop at Canal Street and Sixth Avenue, and the N/Q/R trains stop at Canal and Broadway.
By bus, take the M20 on Seventh Avenue, the M6 on Sixth Avenue, and for crosstown, the M22 on Chambers Street.