The Financial District, or FiDi, has become one of lower Manhattan’s hottest neighborhoods in recent years, attracting an influx of new homebuyers. You can thank its excellent location that offers convenient access to nearby Battery Park City and Tribeca. The real estate market in the Financial District is dominated by condos, the majority of which are either new developments or recent conversions. Many of the most popular properties like 20 Pine and 15 Broad are located in the vicinity of Wall Street and the New York Stock Exchange. Condos for sale in these buildings are often purchased by investment bankers and others in the financial sector. Many foreign investors also purchase condos in FiDi thanks to the area's high cap rates. One popular building with investors is the Downtown Club, where apartments rarely sell for more than $1 million. The properties in the Financial District tend to be of the luxury high-rise variety, with the few that aren’t being concentrated on the northern boundaries of the neighborhood or in the South Street Seaport District. The area surrounding the seaport as well as that around historic Stone Street is also where you’ll find most of the Financial District’s coops. Many of the coops and condos in these areas have a lot of flair thanks to the centuries-old history. Block Hall at 21 South William Street is the perfect example of this. Prices on apartments for sale in the Financial District are on a steady upswing thanks to an influx of new residents and the businesses that cater to them. Overall the price per square foot in the neighborhood fluctuates due to the impact a new development can have on the market. For example, some new uber-luxury condos such as The Beekman and 50 West Street have opened their doors in recent years, driving the average price per square foot up. That being said, if we ignore selling prices at some of these ultra-luxe towers, prices tend to be lower than most other Manhattan neighborhoods, especially when compared to buildings of similar quality. The attractive pricing combined with the allure of having an address on Wall Street or in its vicinity has also boosted the real estate market by making it more appealing to investors, especially those who are looking to buy a studio or small one-bedroom for investment purposes.