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| neighborhood profile |
| Lower
Manhattan |
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| Family-friendly: Battery Park City. |
The basics:
Wall Streeters and young families come for the 1.2-mile park full
of Rollerbladers, dog-walkers, and sunbathers, and they stay for
the schools, like P.S./I.S. 89. Most apartments are one- or two-bedrooms,
in Battery Park City’s high-rises. If you don’t have
a river view, you’re missing the point.
Boundaries: The southern tip of Manhattan bounded by the East River and the Hudson River.
Borders: Lower
East Side and Tribeca
Subway stops: A, C, J, M, Z, 2,
3, 4, 5 to Fulton Street |
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 OUTLOOK
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What's new:
The fabulous new Ritz-Carlton is part condo, and a rental
called the Solaire, at 20 River Terrace, is touted as the first
“environmentally sustainable” residential high-rise
in the U.S. Also, the landmark tower at 150 Nassau recently went
condo. The ground-zero rebuild will eventually reshape everything.
Bargain hunting:
Nearly all of Battery Park City is in zone one for the post-9/11
incentive program, where residents get $500 a month. Gateway Plaza,
a rental building at 375 South End Avenue, is known for good deals.
A sad fact: Properties close to (especially facing) ground zero
are cheaper.
Prediction: The incentives and modest
recent price decreases mean excellent deals in the short run; the
Trade Center redevelopment (opera house? Museum? Transit hub?) will
only add value after that.
— Profile from the March
10, 2003 cover story of New York Magazine
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| APARTMENT
PRICES |
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TO BUY
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2001
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2003
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| Studio/1BR |
$155K-$410K |
$185K-$550K |
| 2BR |
$425K-$550K |
$500K-$1.3M |
| Family Apt. |
$600K-$625K |
$600K-$2.7M |
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TO RENT
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2001
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2003
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| Studio/1BR |
$1,400-$2,600 |
$1,500-$3,600 |
| 2BR |
$3,000-$3,300 |
$2,800-$5,500 |
| Family Apt. |
$4,700-$5,200 |
$4,200-$12,000 |
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NEIGHBORHOOD
BROKERS
• Battery Park City Auhority
MANAGEMENT CO./PROPERTIES
•
Glenwood
Management
• Rose Associates -- Le Rivage at 21 West Street
• Milstein Properties
BEST CITYWIDE BROKERS
• Brown
Harris Stevens
• Douglas Elliman
• Corcoran
• Halstead
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COMPARE THIS NEIGHBORHOOD...
How good are the schools? How many violent crimes have taken place lately? How many pothole complaints have been filed? The city of New York has put the data online. Pour over stats and pit one neighborhood against another. Just fill out your address in the "My Neighborhood" box and select the topic of interest — schools, transportation, public safety, and more.
•
NYC.gov
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RELATED
FEATURES
• Best
of New York: Lower Manhattan and Chinatown
(March 25, 2002)
• Real
Estate 2001: Lower Manhattan
(March 12, 2001)
• Rent
Asunder
(November 26, 2001)
• Fixing
Downtown
(November 12, 2001)
THE SCENE
Dining
Les Halles
Downtown: The home of juicy steak-frites and, when
he's in town, chef-writer Anthony Bourdain.
15 John St., between Broadway and Nassau St.; 212-285-8585 or leshalles.net
Bo Ky:
Savor the smells wafting from bowls of Chinese, Cambodian and Vietnamese
home cooking.
80 Bayard St., between Mott and Mulberry Streets;
212-406-2292
Bridge Cafe:
Opened in 1794, this worn-in tavern has seen more trends come and
go than Anna Wintour and Diana Vreeland combined.
279 Water St., at Dover St.;
212-227-3344
Delmonico's:
Eat with the Big Boys at this sprawling, beautifully restored New
York City icon. 56 Beaver St. ; 212-509-1144 or delmonicosny.com
Financier
Patisserie: The financial district has alwaysbeen
a budget-dining desert. No more.
62 Stone St.; 212-344-5600
MarkJoseph
Steakhouse: Leave theme-park steakhouses to socialites
on the Zone; MarkJoseph is for serious beef eaters.
261 Water St.; 212-277-0020
More
Restaurants
Drinking
Winnie's:
Divey Chinatown karaoke bar catering to Mandarin-speakers and hipsters
alike.
104 Bayard St.; 212-732-2384
Happy Ending:
Chinatown "men's health club" converted into a stylishly low-key lounge.
302 Broome St.; 212-334-9676
More
Bars & Nightclubs
Shopping
J&R
Music World: Not for stereo snobs, but the best prices
in town keep the rest of us coming back. CDs, too.
1-35 Park Row; 800-221-8180 or JandR
Century 21
: This beloved mecca for heavily discounted designer fashion, damaged
in the World Trade Center attacks, is back and better than ever.
22 Cortlandt St.; 212-227-9092 or c21stores.com
Bowne & Co.,
Stationers: Stationers A quaint, nineteenth-century-style
printing shop that uses letter presses dating as far back as 1844.
211 Water St.; 212-748-8651
Kam Man Food
Products: If you’re looking for something to spice
up your table full of basic chain-store china, check out this all-in-one
Asian-food emporium.
200 Canal St.;
212-571-0330
More
Stores
RECOMMENDED SITES
General
• Battery
Park City Authority: Information on business and residential
properties.
• The
Downtown Alliance - An impressive resource for residents
who want informaiton on disaster financial assistance, rebuilding,
dining, and more.
• Lower
Manhattan.info - An annotated guide to Lower Manhattan -- from
information on culture to memorials to the LMDC and the rebuilding
plans for Ground Zero.
• Battery
Park City Online - A forum to discuss issues relating to Battery
Park City and Lower Manhattan. Plus, local news.
• GoCityKids-Financial
District: A parent's guide to restaurants, shops, services,
and entertainment with kids.
• Downtown
Express - A biweekly newspaper reporting on Lower Manhattan and
Tribeca.
Institutions
• South
Street Seaport - Your official guide to the seaport -- from dining
and retail listings to an events calendar and information on neighborhood
siteseeing.
• Battery
Park City Parks- Information on the parks, playgrounds, weekly
events, gardens, and more.
• Museum
of Jewish Heritage - A Living Memorial to the Holocaust.
Organizations
• Community
Board 1
• Lower
Manhattan Cultural Council
• Lower
Manhattan Development Corporation
• Gateway
Plaza Tenants Association
• Save
West Street |
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