New York City is home to some of the most expensive real estate in the world. The most expensive place to own a home in this expensive city, however, is Tribeca.
While back in the 1970s, the neighbourhood attracted artists because of its many large lofts, today its relatively quiet streets entice the city’s wealthiest businesspeople, as well as mega-celebrities like Beyoncé, Jay-Z, and Taylor Swift, who purchased a penthouse in the neighbourhood for a reported $US20 million in 2014.
Today, according to StreetEasy data, the median sale price in Tribeca is $US4.525 million.
I recently strolled through the neighbourhood to see why its real estate repeatedly tops the market. From its cobblestone streets to its plentiful restaurants, shopping, and parks, there seems to be very little reason to ever leave Tribeca once you’ve settled in.