When it comes to luxury condos and apartments for sale in New York City, Tribeca Real Estate is king. This is not surprising as the neighborhood, which is well known for its expansive luxury lofts, has long had the most expensive real estate in the city. The high prices in Tribeca are mainly due to the neighborhood’s desirability, as well as the fact that most of the inventory is made up of luxury condos. This is due to the fact that Tribeca is a relatively young residential neighborhood, having previously been one of NYC’s major commercial and industrial hubs. Co-ops are few and far between in the area meaning average prices are driven up by the fact that condos, which are generally more expensive, dominate the market. Buyers looking for a deal will not have much inventory to select from.

There are also many townhouses in the neighborhood. Tribeca townhouses are the epitome of luxury and command prices in the seven figures. Overall, the high prices in the area have made it highly exclusive, attracting many famous artists, celebrities and well-heeled businesspeople. The neighborhood is also popular with families as it offers convenient access to the Hudson River Waterfront as well as the many surrounding parks. Additionally, some of the best-regarded public schools in New York City are located in Tribeca, including PS 234, which is also known as the Independence School.