Real Estate and Apartments For Sale in Tribeca
107 Homes and apartments in Tribeca
When it comes to luxury condos and apartments for sale in New York City, Tribeca Real Estate is king. The neighborhood had the highest real estate prices in 2018 as well as in 2019, with homes selling for an average 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. 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.
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 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.
TriBeCa Real Estate Sales Trends
The median sale price for an apartment in TriBeCa is $5,611,764.
Studios in this neighborhood sell at a median price of $1,654,900.
One-bedroom apartments sell at an average price of $1,525,500.
Two-bedroom apartments command a median sale price of $3,405,105.
TriBeCa Penthouses for sale
There are currently 21 penthouses for sale in the TriBeCa neighborhood of Manhattan. Sale prices for penthouses in this neighborhood range from $1,995,000 to $25,000,000.
TriBeCa Condos for Sale
There are currently 151 condos available for sale in TriBeCa. Sale prices for condos in this neighborhood range from $699,000 to $28,500,000.
TriBeCa Co-op apartments for Sale
There are currently 16 co-ops available for sale in TriBeCa. Sale prices for condos in this neighborhood range from $1,595,000 to $10,850,000.
Townhouses and Brownstones for Sale in TriBeCa
There are currently no townhouses and brownstones for sale in this neighborhood.