Real Estate and Apartments For Sale in Tribeca
128 Homes and apartments in Tribeca
When it comes to luxury apartments in New York City, Tribeca Real Estate is king. The neighborhood had the highest real estate prices in 2018, with a median sale price of over 4 million dollars. 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. Coops 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. Tribeca lofts remain desirable, but the newest trend is uber-luxury condos, which include new high-rise towers such as 56 Leonard, which has been dubbed the Jenga Building by many. Other important condo buildings include 110 Murray Street and 30 Park Place as well as conversions like the Woolworth Tower Residences at 2 Park Place. Condos for sale in these buildings are expected to shatter price records for lower Manhattan. 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 neighborhood have made it highly exclusive, attracting many famous artists, celebrities and well-heeled businesspeople.
TriBeCa Real Estate Sales Trends
Studios in this neighborhood sell at a median price of $1,735,555, one-bedroom apartments go for $1,672,857, while two-bedroom apartments command a median sale price of $3,443,524.