| Millions of people would agree that Manhattan is the place to live, calling Manhattan and New York City, as simply the greatest city in the world. Unbeatable in so many ways, Manhattan is world-renowned for its incredible dining, shopping, culture, and entertainment activities, superb skyscrapers, phenomenal economic opportunities, and the expansive Central Park.
Understanding this, it is easy to see why there is always a strong demand for Manhattan, NY real estate. After all, Manhattan, NY real estate is one of the most lucrative markets in the entire world. Some of the nation’s most valuable real estate is located here, with a recent Park Avenue office building selling for a record $510 million in July of 2007.
Perhaps the finest and most well known borough of New York City, Manhattan is home to a growing population of 1.6 million people, and is one of the highest-income places in the United States. The population of the entire City of New York includes an astounding 8.1 million residents. One of the most astonishing facts about the city is that this entire population fits into just 830 kilometers of land space, making New York City the most densely populated city in the entire United States.
As to be expected, Manhattan, New York real estate continues to grow and rise in value on a steady basis. The number of potential homebuyers who are seeking Manhattan, NY condos, Manhattan, NY brownstones, and/or Manhattan, NY townhouses steadily increases every year, easily making this an advantageous seller’s market.
Millions of people flock to New York City for any number of reasons. The first and foremost reason would be for the seemingly endless opportunities that the city provides. Employment opportunities abound, as well as an abundance of educational opportunities for students of all ages in all fields of study. Another factor that contributes to the allure of this city is the thriving economy and strong business market. New York represents one of the most important financial centers of the world. The city contributes in significant ways to the world economy, and is considered to be one of the world’s “command centers.” Ask any Manhattan, NY listing agent – hundreds of Fortune 500 companies are headquartered here and occupy countless examples of Manhattan, NY real estate. Another reason why millions are brought to New York City is politics, thanks to the United Nations’ headquarters location, directly within the city.
Manhattan, NY real estate also largely appeals to those with a fine appreciation for arts and culture. It’s a fact – living in New York City and owning Manhattan, NY real estate is an experience unlike any other in the world.
The Neighborhoods of New York City
As you probably already know, New York City is a huge melting pot of races and cultures, providing the city with a feel that is distinctively its own. The city is divided into many different neighborhoods and exactly five boroughs, each of which also maintains its own distinct subculture.
Manhattan, NY real estate is probably the first borough that comes to mind when a person outside the city thinks of New York. After all, it is the most urbanized of all the boroughs, and is considered to be the cultural and financial heart of New York City. Manhattan, New York real estate is comprised of towering skyscrapers, amazing restaurants, high-end fashion stores, and the world famous Central Park.
The Bronx is New York City’s only borough that is actually located on the United States mainland. In the early part of the 1900s, the Bronx was largely populated by Irish, German, and Italian immigrants, most of whom have migrated to the other boroughs. Today, the Bronx is home to a growing number of Hispanics and African-Americans, and this borough is known as the birthplace of hip-hop culture.
The most heavily populated borough of New York City is Brooklyn. Located on the westernmost side of Long Island, Brooklyn has an extremely long beachfront, which includes the beach where the famed Coney Island is located. In addition, Brooklyn is also quite popular for its thriving art scene.
Queens, New York is considered the most culturally diverse of all the five boroughs. The borough is home to the majority of New York City’s immigrant population, and is also the city’s largest borough.
The fifth borough of New York City is Staten Island, which is situated at the southernmost point of New York City. It is the smallest and least populated of all five boroughs. Because the borough is not as highly recognized as the other four boroughs, it is often referred to as the “stepsister borough.”
More About Manhattan
Manhattan, New York real estate is comprised of several areas, which include Manhattan Island, Roosevelt Island, Randalls Island, Ellis Island, Liberty Island, several much smaller islands, and a small section on the mainland, adjacent to the Bronx.
The borough’s name is derived from the word Manna-hata, as written in the 1609 logbook of an officer named Robert Juet, who was present on Henry Hudson’s yacht, Halve Maen. A map from 1610 also depicts the name Manahata twice, on both the east and west sides of the Mauritius River (now known as the Hudson River). The most famous translation for the word “Manhattan” is “island of many hills” from the Lenape language. The Lenape tribe members were the earliest inhabitants of Manhattan, NY real estate.
Manhattan, New York real estate is bound by the Hudson River to the west and the East River to the east. The Harlem River is situated to the north of the island, and divides Manhattan from The Bronx and the mainland United States.
Manhattan, NY real estate is situated in an area that is comprised of 22.7 square miles in area, 13.4 miles long, and 2.3 miles wide.
What makes Manhattan, NY real estate so appealing is the fact that it is a thriving commercial, financial, and cultural center of the city. As New York City’s most sophisticated borough, Manhattan has many famous landmarks, tourist attractions, museums, and prestigious universities.
The United Nations and the seat of the city government are also located in Manhattan. Not to mention, Manhattan, NY condos, Manhattan, NY townhouses, and Manhattan, NY brownstones are some of the most beautiful and prosperous properties to own in the entire U.S.
The largest central business district in all the United States is where prime Manhattan, NY real estate is located, encompassing the site of the New York Stock Exchange and NASDAQ, as well as the largest number of corporate headquarters in the nation. Heralded as the economic engine of New York City, Manhattan employs more than 2.3 million workers. The number of commuters who enter Manhattan for work each day is the largest of any other county or city in the nation, and that number is triple the amount of the approximate 481,000 people who commute into the nation’s second-ranked city, Washington, D.C.
Manhattan, NY real estate is loosely divided into sections known as downtown, midtown, and uptown. The well known Fifth Avenue divides Manhattan’s east and west sides. The borough is connected by the George Washington Bridge, Holland Tunnel, and Lincoln Tunnel to New Jersey to the west; and to three New York City boroughs – the Bronx to the northeast; and Brooklyn and Queens on Long Island to the east and south. The only direct connection that Manhattan has to the fifth New York City borough (Staten Island) is the Staten Island Ferry across New York Harbor. The ferry terminal is located at Manhattan’s Battery Park at its southern tip.
Further adding to the strong appeal to those seeking Manhattan, NY real estate is the fact that the borough is home to an expansive lot of green parks and recreational areas, enhancing the beauty of the city. Additionally, there are several zoos and aquariums located here, all of which are operated by the Wildlife Conservation Society.
The Neighborhoods of Manhattan
New York City itself is composed of five boroughs, consisting of several culturally diverse neighborhoods. Manhattan, NY real estate is situated among many neighborhoods, which are not named according to any particular convention. For instance, some are named based on their geographical location (Upper East Side), and others are ethnically descriptive (Chinatown). Some are acronyms, such as TriBeCa (for “TRIangle Below Canal Street”) or SoHo (for “SOuth of HOuston”).
Homebuyers who are seeking Manhattan, NY real estate are especially enthralled by the huge array of Manhattan, NY condos, Manhattan, NY townhouses, and Manhattan, NY brownstones. In addition, buyers come from afar simply to experience the amazing dining, shopping, and cultural opportunities that Manhattan has to offer.
Neighborhoods such as SoHo are typically commercial in nature, and are best known for their upscale shopping. Other Manhattan neighborhoods, such as Greenwich Village, the Lower East Side, and the East Village are consistently associated with the “Bohemian” subculture. A rising Manhattan neighborhood is Chelsea, which boasts a large gay population, and is rapidly becoming a center of New York’s art industry and nightlife.
Washington Heights is another vibrant, up and coming neighborhood boasting fantastic Manhattan, NY real estate. Chinatown in Manhattan is home to the largest concentration of Chinese people in the Western Hemisphere.
Manhattan’s Upper West Side is often distinguished as being intellectual and creative, as opposed to its counterpart, the Upper East Side, which is one of the most affluent neighborhoods in the entire nation.
Homebuyers who are looking into Manhattan, NY real estate will undoubtedly find that the city offers some of the most diverse, pleasing, and lucrative properties in the world. With so many neighborhoods to choose from, it is no wonder why Manhattan, NY real estate is one of the hottest markets in the world. Talk to the experienced listing agents of Sellers Realty Group and let us assist you in commanding top dollar for your Manhattan, NY real estate.
Uptown, Downtown, Which Town?
Unlike most American cities where downtown refers to the central business district, downtown in Manhattan means south, and uptown means north. There are two central business districts in Manhattan –the Financial District at the southern tip of the island, and Midtown Manhattan. As its name suggests, Midtown Manhattan covers the area between Uptown and Downtown.
Manhattan’s Fifth Avenue bisects the borough, and acts as the separation line for east/west designations. Street addresses start at Fifth Avenue and increase sequentially as you head away from Fifth Avenue, at a rate of 100 per block in most places.
Manhattan’s Biggest Attractions
The vast number of local attractions further contributes to the continued success of the Manhattan, NY real estate market. Some of the most popular attractions in Manhattan include Broadway at Times Square, New York University, Columbia University, Flatiron Building, the Financial District around Wall Street, Lincoln Center for the Performing Arts, Little Italy, Harlem, the American Museum of Natural History, the Metropolitan Museum of Art, The Museum of Modern Art, The Guggenheim, Chinatown, and Central Park. Impressively, all of these attractions are located within just this one borough – most assuredly a part of what makes Manhattan such a fantastic place to live.
Central Park, perhaps one of the most famous parks in the world, is bordered on the north by West 110th Street; on the west by Eighth Avenue; on the south by West 59th Street; and on the east by Fifth Avenue. Appropriately so, along the park’s borders, these streets are referred to as Central Park North, Central Park West, and Central Park South. At 843 acres in size, Central Park was designed by Frederick Law Olmstead and Calvert Vaux. The park is famous for its extensive walking tracks, two ice-skating rinks, a wildlife sanctuary, and grassy areas used for various sporting events. There are also several playgrounds for children, as well as man-made lakes.
In addition to all of its attractions, Manhattan is also well known as being a leader in the energy-efficient “green” office buildings, such as Hearst Tower and the rebuilt 7 World Trade Center.
For more information about Manhattan, NY real estate, contact a knowledgeable and experienced Manhattan, NY seller’s agent today. Ready to sell your Manhattan home or property? Why not call the experienced Manhattan, NY Realtors of Sellers Realty Group at 212-482-0000 for Manhattan or 718-937-7900 for Brooklyn and Queens?
|
