Living on a budget in one of the worlds most famous cities is very much possible. But if you have money, you don’t have to be thinking about living on a budget. You can be living in one of many of NYC’s most expensive neighborhoods. These neighborhoods are known by all NYC lovers all over the world and many people wish they can live there. If you simply want to know more about NYC’s most expensive neighborhoods, you came to the right place.
SoHo
Fancy shops and trendy coffee shops are a trademark of SoHo. SoHo is also known as the home to the most expensive real estate in the entire city of New York with a median home price of over $2.8 million. The national average median home price is $184,000. But SoHo has a unique appeal and that’s just one of the reasons why real estate is so expensive in SoHo. Numerous apartment buildings in the neighborhood were once warehouses from the 19th century. Because of this, SoHo has plenty of big, spacious penthouses that attract famous and rich people. Some condos in these buildings have even been sold for $28 million. Even the buildings that are being built today have extravagant amenities and equally extravagant prices.
Not many people know this but the name SoHo is an acronym for “South of Houston Street”. This neighborhood has an amazing location, between Sixth Avenue to the West and Lafayette Street which is very close to Broadway. This means that SoHo is in the center of all happenings in New York. SoHo also has some of the best nightclubs in America. These are just some of the reasons why it costs so much to own an apartment here.
Soho is the most expensive neighborhood in NYC.
Tribeca
Right under the neighborhood of Soho, you can find Tribeca – the second most expensive neighborhood in New York. Tribeca has more celebrities per capita than any other neighborhood in the city. Celebrities such as Jay-Z and Meryl Streep live here and if you are lucky enough, you can see them on the street. Tribeca is a syllabic abbreviation for “Triangle Below Canal” Street. Similar to SoHo, Tribeca was also an industrial part of New York that has later turned into this exclusive neighborhood that it is today. High ceilings, massive windows, and high-end finishes were once factories. The median home price in this neighborhood is also $2.8 million like it is in SoHo. Rents range from $3,000 to $5,000 per month. Usually for a studio or one-bedroom apartment.
You can find many exclusive restaurants and bars in this part of New York. Restaurants such as Nobu and Robert De Niro’s Tribeca Grill. Paul’s Cocktail Lounge and The Django jazz club are just two of many famous bars that you can visit in Tribeca. Hudson River Park is where you can find miniature golf, bike paths, and plenty of green grass where you can enjoy sunny summer days in New York. If you decide to move to this part of the town, Divine Moving and Storage NYC will be glad to help with your relocation.
Tribeca is as expensive as Soho.
The Financial District aka Wall Street
The last neighborhood of the Southern part of New York that we are going to talk about is the Financial District or Wall Street. It is believed that Wall Street was named after the Dutch who built the wall to protect the area from the British. Wherever it got its name from, everyone loves it. Wall Street makes New York the world’s top financial center. 35% of total NY city income comes from Wall Street. Sounds crazy but it’s true. Everyone has seen this famous street at least in movies as it has appeared in many. This is where most businessmen who work in that are alive. If you are moving to Brooklyn, you will be able to see the Financial District from the coast.
Upper East Side is yet another among NYC’s most expensive neighborhoods to live in
Have you ever imagined waking up on a rainy day in New York by a huge window that is looking directly onto Central Park? If yes, the Upper East Side residents live this fantasy for you. If you move to the Upper East Side, you will be able to enjoy the beauty of Central Park every day. This is where many famous movies and TV shows take place. Breakfast at Tiffany’s, The Devil Wears Prada, Sex and the City and Gossip Girl all took place in this part of New York.
Central Park is where people from the Upper East and West side go for fresh air.
Museums, shopping centers, parks, and everything else you can imagine you can find in the Upper East Side. People usually think that places, where rich people live, are very boring, but Upper East Side begs to differ. The Metropolitan Museum of Art or The Met should be the number one thing you should visit in the Upper East Side. It houses over 5,000 years of art and it’s worth seeing. If you’re looking to spend a day shopping til you drop, The Upper East Side is the place to go. Shops in this area will keep you wanting to spend more and more money on things you don’t need.
Murray Hill
We simply had to include this neighborhood as it is the safest neighborhood in New York. It is not as expensive as the previous ones. The median home price is around $670,000. This is nothing compared to Soho and Tribeca. Murray Hill is the home to some of the best schools in New York. It is also one of the cleanest neighborhoods around. It is located a bit under the Upper East Side but Murray Hill has both urban and suburban feel.
Conclusion on NYC’s most expensive neighborhoods to live in
NYC’s most expensive neighborhoods are expensive for a reason. We all love seeing these neighborhoods as they are very aesthetic and nice-looking. Living in one of NYC’s most expensive neighborhoods would be a dream come true. Think about living with a roommate to make life in NYC more affordable.