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Real Estate Showcase - Conversions

“Whether you're just curious about real estate or actively looking, check out the Real Estate Showcase, where we feature some of the hottest properties on the market that you need to know about. From the tri-state area and beyond, we do the legwork to present the short list of the best of what’s out there. Click here to find out what we’re spotlighting in this week’s showcase.”

 
 


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neighborhood profile
TriBeCa
 
Photo credit: Mark Jenkinsen.
Known for: The big lofts, quiet streets, and good schools (P.S. 234) still draw doctors, bankers, and lawyers, with or without baby No. 1. These days, "it seems a little more touristy because of ground zero," says resident Jay Wolowitz. "Expect to get stopped by someone asking you to take their picture or find out where JFK Jr. lived."

Boundaries: Roughly stretching from Broome to Barclay Streets, between Broadway and the Hudson River.

Borders: Soho and Lower Manhattan

Subway stops: The 1 or 2 train to Canal, Franklin, or Chambers Streets, or the A, C, E line to Canal or Chambers Streets.

 

 OUTLOOK

What's new: Brokers describe the neighborhood as "essentially done"—nearly everything convertible has been converted. Among the final few: 73 Worth Street, with 30 condos, and 50 Murray Street, a high-rise rental of more than 300 units with an Equinox gym. The Hubert, a brand-new sixteen-story loft building at 7 Hubert Street, is scheduled for summer 2004. The former state offices at 80 Chambers Street may be the swankest newcomer in the area: Sub-Zero fridges and Bulthaup sinks are standard.

Bargain hunting: There's really no bargain area in Tribeca, but, says Stan Ponte of Stribling & Associates, "new developments with 300 units are going to have rent incentives and special deals" as developers scramble to fill them up.

Prediction: All those conversions have loosened supply and will hold values down.

— Profile from the March 10, 2003 cover story of New York Magazine

 
 
 
APARTMENT PRICES
TO BUY
2001
2003
Studio/1BR $669K-$1.2M $250K-$650K
2BR $1.2M-$1.8M $700K-$1.5M
Loft. $2.2M-$6.9M $1M-$7M
     
TO RENT
2001
2003
Studio/1BR $2,300-$4,000 $1,800-$4,000
2BR $3,600-$11,000 $3,600-$9,000
Loft $5,500-$15,000 $5,500-$15,000
NEIGHBORHOOD BROKERS
Stribling & Associates
Tarter Stats
Urban Habitat

MANAGEMENT CO./PROPERTIES
TriBeCa Pointe - Rockrose Residential

BEST CITYWIDE BROKERS
Brown Harris Stevens
Douglas Elliman
Corcoran
Halstead
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
 RELATED FEATURES
Best of New York: TriBeCa (March 25, 2002)
Real Estate 2002: TriBeCa, The View Down Here
(March 11, 2002)
Real Estate 2001: TriBeCa (March 12, 2001)
Rediscovering TriBeCa (November 12, 2001)
Rent Asunder
(November 26, 2001)
Fixing Downtown
(November 12, 2001)
Down by the Frozen Zone (October 1, 2001)

THE SCENE
Dining
Bubby's: The kitchen has become more sophisticated, but what this place still does best is simple food.
120 Hudson St., at N. Moore St.; 212-219-0666 or bubbys.com

Chanterelle: A must New York dining experience with stunning culinary juxtapositions.
2 Harrison St., at Hudson St.; 212-966-6960 or chanterellenyc.com

Danube: David Bouley's outrageous, lacquered, velvet-swathed little dining room is beautiful, fun, funny, and romantic.
30 Hudson St., between Duane and Reade Sts.; 212-791-3771 or thedanube.net

Fresh: Elegant seafood restaurant on prime TriBeCa real estate.
105 Reade St., between Church St. and W. Broadway; 212-406-1900 or freshrestaurant.com

The Harrison: A neighborhood restaurant of the classic old school.
355 Greenwich St., at Harrison St.; 212-274-9310 or theharrison.com

Kitchenette: Their breakfast and baked goods are among the best in town.
80 W. Broadway, at Warren St.; 212 267-6740

Nobu: Wondrously original South American-flecked Asian creations from superstar Nobu Matsuhisa.
105 Hudson St., at Franklin St.; 212-219-0500

66: Design by Richard Meier. Uniforms by Vivienne Tam. Improvisational Chinese cooking by Jean-Georges Vongerichten. Also named Best Waiters of 2003.
241 Church St., between Worth and Leonard Sts.; 212-925-0202

Tribeca Grill: Creative cuisine, lively bar scene, and Bobby De Niro make it a popular destination.
375 Greenwich St. (TriBeCa) At Franklin St. 212-941-3900 or myriadrestaurantgroup.com

More Tribeca Restaurants

Drinking
Church Lounge: The Tribeca Grand's hotel lounge still attracts the film- and music-industry folks who live in the neighborhood. Also named Best Hotel Bar of 2003.
2 Sixth Ave., at Church and White Sts.; 212-519-6677

Knitting Factory: This three-story alternative-music theme park has more going on nightly under one roof than in entire cities beyond the bridges.
74 Leonard St., between Broadway and Church St.; 212-219-3055 or knittingfactory.com

Liquor Store Bar: The busiest bar in TriBeCa, thanks to an attitude-free front door and local clientele.
235 W. Broadway, at White St.; 212-226-7121

Nancy Whiskey Pub: The city's one and only shuffleboard dive.
1 Lispenard St., between Church St. and Sixth Ave; 212-226-9943 or nancywhiskeypub.com

The Odeon: The original TriBeCa hangout (and restaurant) for the hip and fabulous.
145 W. Broadway, between Thomas and Duane Sts.; 212-233-0507


Puffy's Tavern: Homey neighborhood fixture offering a welcome alternative to TriBeCa's roster of flashy boozerias.
81 Hudson St., between Harrison and Jay Sts.; 212-766-9159 or puffystavern.com

Pussycat Lounge: The real action happens upstairs from the T&A at the hippest financial-district scene around.
96 Greenwich St. (TriBeCa) 212-349-4800 or pussycatloungenyc.com

More Tribeca Bars & Nightclubs

Shopping
Bu and the Duck: Infant and children's clothing store that makes childhood look like a lot of fun — and terribly chic.
106 Franklin St., near Church St.; 212-431-9226 or buandtheduck.com

Caoba: Luxe, handcrafted furniture is the specialty at this well-appointed shop frequented by Ralph Lauren.
175 W. Broadway, near Worth St.; 212-334-8290 or caobamuebles.com

Dune: Stylish furniture and accessories from cutting-edge designers.
88 Franklin St., near Broadway; 212-925-6171 or dune-ny.com

Pearl Paint: There's no craft or art supply you won't find on these floors.
308 Canal St., near Broadway; 212-431-7932 or pearlpaint.com

Sorelle Firenze: This colorful women's clothing shop has some of the sexiest, most feminine things around.
139 1/2 Reade St., near Hudson St.; 212-571-2720 or sorellefirenze.com

One-of-a-Kind TriBeCa Shops: A roundup of our favorites.

More Tribeca Stores


RECOMMENDED SITES

General
• The Tribeca Trib Online: A monthly community newspaper covering Lower Manhattan, including Tribeca, Battery Park City, the Financial District and the Seaport/Civic Center area. Features news, a community calendar, little league coverage and more.

Downtown Express - A biweekly newspaper reporting on Lower Manhattan and Tribeca.

Organizations
•  Community Board 1: Local information, and reports on Community Board meetings.
•  The Downtown Alliance: Website for the local business partnership.
•  The TriBeCa Organization: Information on Tribeca regrowth.

Institutions
•  Tribeca Performing Arts Center
•  Tribeca Rock Club