Noho

Noho neighborhood NYC

Noho, for North of Houston Street, is adjacent to the more famous Soho in lower Manhattan. The neighborhood has a colorful history, starting as a private garden, and later, an elite area developed by the wealthy Astor family.

Noho, roughly triangular-shaped, is bordered by Houston Street (where numbered streets begin) on south, 9th Street on north, Mercer Street on west and Bowery on east. Noho is a small enclave, encompassing only about 15 blocks, but it borders on Cooper Square, home to the prestigious institute Cooper Union for the Advancement of Science and Art, established in 1853.  Lafayette Street runs north-south through the heart of Noho. Astor Place, a one-block street, anchors the area with the 6 train station, one of the few subway stops included in the List of Registered Historic Places.

Historical Value Of The Noho Neighborhood

In the 1740s, New York’s first botanical garden was planted near the present-day intersection of Lafayette Street and Astor Place. In 1804, John Jacob Astor purchased the garden site, beginning the Astor family’s long association with Noho. Throughout the 19th century, Noho became home to wealthy aristocrats like the Vanderbilts who constructed fabulous mansions, extensive gardens, and smart retail shops. Buildings still standing from this period include Astor Library and Colonnade Row, an impressive set of landmarked Greek Revival buildings originally constructed as homes in the 1830s.

Today, nearly all of Noho is protected as a historic district by NYC Landmarks Preservation Commission. However, in the early 20th century, before the preservation movement began, many fine homes were demolished and replaced by industrial lofts. As in neighboring Soho, artists of the 1960s were attracted to these large, open, light-filled spaces, and Noho became once again a residential area. Famous artists who lived in Noho were Andy Warhol, Chuck Close, Robert Mapplethorpe, and Jean-Michel Basquiat.

Housing Opportunities

Noho offers a range of housing opportunities, from converted lofts to apartment buildings, to townhomes. The neighborhood is generally upscale, like its neighbor Soho. Rent for a one-bedroom average $3600/month in 2019 according to Renthop, and about $5300 in a doorman building according to NYbits.

Noho is an excellent housing solution for residents who like the charm of Soho and spacious loft living, but prefer to avoid the crowds and commerce. Noho is historic, centrally located, and offers beautiful homes for sale or rent.

Soho

soho

Soho is one of Manhattan’s most prestigious neighborhoods, known worldwide for its beautiful cityscape of old cast-iron buildings, as well as trendy galleries and upscale boutiques.

Most sources concur that the district runs from Canal Street on south to Houston on north, but they differ on east and west boundaries. The most liberal consider the east boundary to be Lafayette Street, and west, the Hudson River.  The area is served by many subway lines, including 1/2/3/9, A/C/E, B/D/F/M and N/R/W/Q.

Almost all of Soho is part of the Cast Iron Historic District designated by NYC Landmarks Preservation Commission to celebrate the industrial building boom of the mid-19th century. The historic district encompasses 26 blocks and about 500 buildings on Soho’s stone-paved streets.  Cast iron was a preferred building material because of its durability, fire resistance, and suitability for large, column-free loft spaces.

The Mall Of Manhattan. Art And Fashion in Soho

In the 1950s and 60s, industries began to migrate from Manhattan to areas with cheaper labor and resources. In 1971, a major zoning change legalized some residential uses in the area. Soho soon became known as a center for the arts, where artists produced creative work, and galleries and museums thrived. Soho also became a center for fashion and is now even more well known for upscale retail than for art. Some residents call it, “the mall of Manhattan,” because of the many shoppers who line the streets every day. Designer shops with a presence in Soho include Prada, Louis Vuitton, and Tiffany, to name a few.

NYC & Company, the city’s official marketing, and tourism organization, says, “In the 1970s and ’80s, Soho was the City’s best-known art district, though these days the neighborhood is more famous for its retail and restaurants. Still, there is plenty of work here that is not to be missed. The vibrant, modern vibe of the area’s top galleries goes perfectly with a shopping trip.  Don’t miss Team Gallery, The Drawing Center, Deitch Projects, and Peter Freeman, Inc.”

Now that Soho has transitioned, in the last 50 years, from industrial, to arts and commerce, to residential, the city is once again contemplating rezoning to enhance the mixed-use character of the area. Residents hope revised zoning may bring more services like supermarkets to the area while preserving artistic activities. The city has been holding public hearings and community board meetings to discuss any potential zoning changes.

Some Of The Most Sought-After Apartments In Manhattan

Today, roughly 8000 New Yorkers live in the Soho area, with the population growing as more units are constructed. Glamorous Soho is one of the most desirable residential neighborhoods in New York City, and prices reflect its appeal. The average one-bedroom rents well above $4000/month and two-bedrooms exceed $10,000/month.

Notable buildings in Soho include: 55 Thompson Street, Nathaniel, 229 Christie Street, 261 Hudson Street, and the Nathaniel. Soho is definitely a neighborhood to consider for anyone who enjoys the excitement and has a taste for the arts. It is always full of activity, and the fashion and fine arts on display offer an ever-changing tableau in the streets of this lovely neighborhood.

East Village

east village

East Village – the eastern part of Manhattan’s Greenwich Village – has long been famous as a haven for artists and the birthplace of counter-cultural movements. The area is basically a parallelogram running from Houston Street on south (where numbered streets begin) to 14th Street on north, and the East River/FDR Drive Park, to Bowery/Third Avenue/Broadway on West. This definition includes Alphabet City (where avenues have letter names) as part of the East Village.  The geographic and cultural center of this area is Tompkins Square Park, 10 acres set aside for playgrounds, a dog run, and special events like musical performances and parades.

Historically, East Village, Alphabet City, and Lower East Side were populated by immigrants to New York. The area’s 19th-century architecture and culture is captured in New York’s fascinating Tenement Museum at 97 and 103 Orchard Street. These two apartment buildings were home to some 15,000 people from over 20 nations from 1863 to 2011.

Center of avant-garde culture

In the 1950s, East Village began to attract avant-garde musicians, artists, and poets, such as Allen Ginsberg and William S. Burroughs, who made their home there. Music venue CBGB’s on Bowery was called the birthplace of punk, and Nuyorican Poets Café remains an institution on East 3rd Street. Another museum, dedicated to Reclaimed Urban Space, opened on Avenue C in 2012 to celebrate the history of the community’s activism.

Most of the housing stock in the area remains low-rise, and many apartment buildings over 100 years old are still preserved and occupied today. In 2008, nearly all of Alphabet City was downzoned to limit building heights. NYC Landmarks Preservation Commission created an East Village/Lower East Side historic district in 2012 which includes some 330 buildings.

East Village Offers Affordable apartments in Manhattan

Although prices have gone up in recent years, East Village remains somewhat less expensive than other Manhattan neighborhoods, with median one-bedroom rents at about $3000, whereas the median for all of Manhattan is well over $4000 per month.  Demographics of the neighborhood correspond to the lower prices; according to real estate website Trulia, median household income in East Village is $62,500 – significantly less than the rest of Manhattan – and residents are 90% renters and 71% unmarried. Many residents treasure the area’s small-town feel and modest economics, and gentrification has been a controversial topic for many years.

Tenants who enjoy an artistic neighborhood with nice restaurants, nightclubs, and galleries will enjoy this area, where new intellectual movements rapidly take hold. It is also a great area for convenience and advantageous prices. Homeseekers who appreciate these values will know immediately they have arrived home when they visit the East Village.

Long Island City

long island city

The Fastest Growing Neighborhood In NYC

For decades Long Island City was known only as an industrial outlier, identified by the 50-story Citigroup Building constructed in the 1980s and the landmarked neon Pepsi sign from 1940. But these distinctive markers no longer stand out alone, because they are joined by dozens of glittering new mixed-use high-rises. Long Island City is one of the fastest growing business and residential neighborhoods of the new millennium. Tenants find it just as exciting and trendy as Williamsburg and Dumbo – just a quick ride away – but a bit more affordable.

Long Island City, nicknamed LIC, is in the Borough of Queens. It is bordered by the East River on west and Hunter’s Point on north, Jackson Avenue on east, and Newtown Creek – the Brooklyn border – on south. In the new millennium, Long Island City has been one of the fastest growing business and residential areas in all of the five boroughs.

History Of Long Island City. Transformation Of An Industrial Borough Into A Harbor For Artists

Long Island City has a rich history dating all the way back to the 1640s when it was settled by Dutch farmers. Some geographic areas, like Hallett’s Point in the East River, still retain the names of early settlers 400 years later. In the 1800s, wealthy Manhattanites constructed mansions and settlements in Brooklyn and Queens to escape the heat and congestion of the city. A prime example is Astoria in LIC, built by John Jacob Astor. Later, infrastructural development like the Queensboro Bridge, Long Island Railroad main terminal and a major power plant, as well as proximity to the river, made LIC a natural for industrial development, and the area served as a manufacturing hub until nearly the end of the last century.

In the 1970s, artists began to discover Long Island City’s expansive light-filled lofts which could be converted from industrial uses to live/work studios. Museum of Modern Art was quick to establish, some fifty years ago, the nation’s oldest and 2nd largest non-profit contemporary arts center. Called PS1, it is located in a repurposed school and forms the cultural centerpiece of the community. LIC also boasts Socrates Sculpture Garden, SculptureCenter (NYC’s only non-profit space for contemporary sculpture), Isamu Noguchi Museum, and Fisher Landau Art Center. Anyone who lives in LIC will be quick to mention its incomparable artistic and cultural resources which rival more well-known neighborhoods like Soho, Tribeca, and Williamsburg.

A Safe Neighborhood With Well-Developed Infrastructure

Long Island City has many other features that contribute to excellent quality of life. Residents enjoy a high educational level, lower crime rate than most of the city, quick transportation to Manhattan and both historic and new housing stock.

Tenants and homebuyers who are thinking of Williamsburg or Dumbo may be wise to consider LIC as well, because it is somewhat more affordable, and many homes feature some of the best views available in the city. In fact, views from the boroughs facing Manhattan are superior than the views from Manhattan itself.

Notable buildings in LIC include the Eagle Lofts and the Hayden. The Forge is an absolutely amazing building packed with luxury amenities. Jackson Park is a beautiful new residential tower known as a “360o Living Experience.” Queens Plaza South is a 45-story tower with 16,000 square feet or amenities just opened to the public in 2017. On the East River boardwalk is 4545 Center Blvd. with extraordinary, yet calming views of the skyline.

Long Island City is a place where residents can feel excellent quality of life in a rich cultural setting but free from any crowding and tension. People who enjoy art and sophistication along with good value would definitely want to consider this part of our city.  Array Property Group invites you to let us share with you our favorite parts of LIC.

Murray Hill

Murray Hill

Murray Hill extends from the East River to Fifth Avenue, and 40th Street on the north to 34th Street, or even 27th Street on the south, depending on whom you ask!  That’s because many people believe that adjacent Kips Bay, which is part of the same community district, ends at 34th, not 27th. Let’s just say that these friendly neighboring communities embrace the same Manhattan shoreline.

Murray Hill has good transportation, with the 4/5/6 subway heading north-south, and 7 train east-west. The FDR Drive is close by, and of course, New York’s architectural jewel, Grand Central Terminal, is a stone’s throw away.

The Connection Between Murray Hill And American Independence

Murray Hill has a fascinating history related to American independence. In 1762, an affluent country gentleman and his wife, Robert and Mary Murray, built a grand home at what is now Park Avenue and 36th Street. The neighborhood was named after their farm. Years later, the Revolutionary War for Independence raged in Manhattan, with important battles occurring here.  In September 1776, a huge contingent of British troops landed by ship at nearby Kip’s Bay, and General George Washington ordered a strategic retreat. Mrs. Murray displayed quick thinking by inviting the British general and his officers for tea in her parlor, giving the American army time to escape with their lives and regroup to eventually win the war.  Mary Lindley Murray’s patriotism is commemorated by a plaque at the site where her home stood, and the neighborhood still bears the name of the Murray family.

After America gained its independence from England, New York City became the nation’s capital from 1785-90, and most civic activity was concentrated in the area we know today as the Financial District. Areas like Murray Hill remained rural until the latter part of the 19th century when the city started to grow, and upscale families with carriages could afford to move away from the congestion of downtown.

One of the first to join the Murray Hill community was the famous financier J.P. Morgan, who built a beautiful brownstone mansion at Madison and 36th which is now the Morgan Library.  Not to be outdone, other wealthy families constructed mansions on Fifth Avenue and side streets, many of which today serve as foreign consulates associated with the United Nations, also a major international presence in Murray Hill.

A Beautiful Neighborhood With Reasonable Prices

For well over a century, Murray Hill has been an established, comfortable and desirable residential neighborhood. Despite its wonderful central location, the area has managed to maintain slightly lower prices than comparable Manhattan districts. The New York Times reported that beginning in the 1990s, favorable rents were attracting less senior workers as well as the restaurants, stores, and nightlife patronized by that demographic. Housing remains a good value in Murray Hill, with 65% of housing stock comprised of rental units.

Murray Hill offers a range of housing options, from charming 19th-century brownstones to newly-opened, sweeping ultra-modern rentals like American Copper Buildings at 626 First Avenue. Other notable buildings include The Corinthian at 330 East 38th Street (which was NY’s largest apartment building in 1988), the Dylan at 309 Fifth Avenue (a certified green construction), House 39 at 225 East 39th Street, the Lanthian at 377 East 33rd Street, and One Sixty Madison.

Murray Hill combines the many wonderful qualities of charm, convenience, vitality, and affordability. With a changing population and dramatic new constructions going up, this historic neighborhood is also dynamic and full of surprises. It is definitely a neighborhood for anyone desiring a Manhattan address to consider.

Upper East Side

upper east side

The Upper East Side is known worldwide as the most refined, wealthy sub-sector of the most refined, wealthy city in America. As such, it’s long been perceived as a stuffy bastion of old money propriety. But in the new millennium, the Upper East Side has changed. The cliché of society snobs walking poodles in designer clothes – if it were ever really true – has given way to an educated, sophisticated crowd who appreciates fine art and architecture as well as good value in real estate. Although this neighborhood has a reputation for high prices, it has become surprisingly affordable in recent decades.

The Upper East Side stretches from 59th to 106th Streets, and the East River to Central Park, which serves as an expansive front yard for the luxurious homes lining Fifth Avenue. On the east side, you’ll see joggers, bicyclists, and dogwalkers sharing the parks and greenways along FDR Drive esplanade. Commuters are served by the 4/5/6 trains and the sparkling new 2ndAvenue line, as well as several bus lines, and many of the postwar buildings have onsite garages to accommodate weekend travelers.

One Of The Largest Historic District

Centuries ago, nearly all of Manhattan was converted to farms by Europeans arriving in the 17th and 18th centuries, and the Upper East Side was no exception. After the Civil War ended in 1865, middle-class housing began to crop up in the area, soon to be superseded by mansions of the wealthy, whose names are still found throughout the area: Lenox, Carnegie, Frick, Rockefeller, Warburg, Vanderbilt, et al.  The beautiful buildings from that era are now preserved in the Upper East Side Historic District, one of the largest of its kind, comprising some 20 blocks from 3rd to 5th Avenues.  The neighborhood is also home to the venerated Museum Mile. With eight world-class cultural institutions, this tiny area is arguably the planet’s greatest concentration of treasures.

Upper East Side  Urban Life

In addition to fine arts, the East Side provides all the necessities and luxuries of urban life, such as convenient shopping, sophisticated dining, 5-star hotels, designer boutiques, and charities. Although Rodeo Drive’s three-block stretch in Beverly Hills is famous for luxury shopping, it rates a distant second to the 20-block retail stretches on Manhattan’s Upper East Side, both in terms of volume and retail rental prices, according to a study by commercial analysts Cushman Wakefield.

As a historically affluent enclave, the Upper East Side offers residents some of the most beautiful and distinguished architecture in the city. Housing stock ranges from quaint townhouses to gracious prewar high-rises to new green constructions packed with amenities. Potential residents who once felt deterred by the area’s traditional tony reputation are finding, on closer examination, that many affordable opportunities are available, many of which are no-fee luxury rentals. For reasonable prices, tenants can now enjoy the beautiful streetscapes, sophisticated culture and fine schools for which the Upper East Side is known.

The increasing affordability of the Upper East Side is largely due to the rise of desirable new residential neighborhoods which are presenting competition to established ones. Most tenants – and many brokers – are not aware that parts of Brooklyn and Queens are now actually more expensive than Manhattan. Array Property Group looks forward to helping you uncover the hidden gems in this esteemed and historic part of New York.

Midtown East

midtown east

Commuting is one of the most time-consuming activities workers engage in. The average New Yorker travels about 30 minutes each way from home to work, which means they spend a full ten days per year just on transportation!  Many people who work in Manhattan’s Central Business District think of convenience as jumping on a crowded rush hour train. But a superior alternative is eliminating the commute altogether, by living in Midtown – right where you work. Midtown East is a charming, quiet residential enclave just a few blocks away from the skyscrapers of the world’s largest business district.

Midtown East, which runs approximately from the East 30s to East 59th Street, is home to many unique submarkets. Kips Bay, Murray Hill, Tudor City, Turtle Bay, Sutton Place, and the UN District each have their own history, character and community culture. It isn’t just close to businesses but is home to world famous shopping destinations like Saks, Bloomingdales, Bergdorf’s, Tiffany’s and many more. Major cultural institutions, like the Museum of Modern Art, New York Public Library (the lions) and the United Nations are established members of the community. The area also offers many fine restaurants to suit all tastes and budgets, including Michelin 5-star rated Aquavit and Daniel.

In The Center Of Everything

Although a great convenience of Midtown East is its proximity to resources, it is also a major hub for transport to other parts of the city and region. Grand Central Terminal, one of America’s most historic landmarks, houses the 4, 5, 6, 7 trains, Times Square shuttle, Metro North railroad, and Amtrak. Other train lines in this easily accessed area are the N, R, W, E, and M. The neighborhood is also served by  Queensboro Bridge, Midtown Tunnel and FDR Drive.

While Midtown East is best known for being in the center of everything, the prime appeal to many residents is its tranquil setting along the East River. The scenic waterfront esplanade, which forms the neighborhood’s eastern border, is a haven for dog walkers, rollerbladers, baby strollers, and anything else on wheels. Many high-rise apartment towers offer views stretching across the river to Queens, up to the Queensboro Bridge, and over Manhattan’s skyline. A popular neighborhood amenity is a rooftop deck offering fresh air and sweeping metropolitan views.

A Residential Area Since 19th Century

Like most of Manhattan, Midtown East became a residential area in the 19th century when colonial farms gave way to single-family townhouses and later to apartment buildings. Fourth Avenue had industrial train tracks transporting manufactured goods from factories in the area. When the industry was replaced by business and commerce in midtown, the tracks were covered, and Park Avenue became the lovely boulevard we know today. High-rise offices and beautiful multi-family apartment buildings were constructed in place of factories and small homes, creating the delightful mix of housing choices available today in Midtown East.

Most apartment buildings in this established neighborhood were built in the 19th and 20th century as residences, so they offer large, gracious layouts and solid construction, unlike some awkward office-to-residential conversions, or new constructions lacking durability. Whether you prefer gleaming modernist statements like Trump World Tower or UN Plaza, or a charming prewar gem like Buchanan with its cloistered courtyard, you can find the perfect home in Midtown East.

The Most Notable Luxury Rentals in Midtown East

It’s no secret that good values are hard to find in great locations. Savvy New Yorkers know that the closer to the center of town a building is, the higher the prices. But excellent prices per square foot are available at Midtown East buildings like Metropolis, Belmont, and Buchanan. Other notable buildings include 685 First Avenue, Anthem at 222 East 34th, Summit at 222 East 44th, and American Cooper at 626 First Avenue.

Smack in the middle of midtown and an easy distance from thousands of businesses, these homes are both reasonably priced – including many no-fee rentals – and convenient. Residents treasure the many hours they save because of minimal commuting.

Midtown East is a great alternative for tenants wishing to avoid the Upper East Side’s crowded subway commute and traditionally high prices. This fine established residential area should be explored by those looking for convenience, gracious living and good values.

Chelsea

chelsea

Chelsea is considered one of the most charming and picturesque neighborhoods in Manhattan. Located in Midtown Manhattan on the West Side, it runs from 6th Avenue to Hudson River and 14th Street to 34th Street. This large tract encompasses several smaller, overlapping areas, some of which are considered distinguished neighborhoods on their own, such as Flatiron, Koreatown, Hudson Yards, Highline Park, and the Meatpacking District.

Transport in Chelsea Neighborhood

Chelsea is extremely important as the gateway to our city. It has Penn Station, which the New York Times calls “the busiest transit hub in the Western Hemisphere… with more than 600,000 commuters each day.”  Chelsea’s central location is a great advantage to the people who make Chelsea their home. With nine subway lines, six bus routes, and the NJ PATH passing through, most residents enjoy short, easy commutes to virtually any destination.

The History of Chelsea Neighborhood

Chelsea’s old world name is reminiscent of the stylish section of central London. Centuries ago, in 1750, when Manhattan was mostly open land, a British military officer bought a Dutch farm which reminded him of a manor in London’s Chelsea.  Today, the neighborhood still retains the British major’s sentimental name reference.

In the 19th century, Chelsea’s farms were replaced by the lovely attached townhomes we see today. In 1970, the NY Landmarks Preservation Commission created the Historic District to preserve the fine architecture on display here.

Cultural and Shopping Center

Chelsea is not only beautiful to look at but is known internationally for its wide variety of civilized pleasures.  This small area is a cultural center, supporting 200 art galleries and over 300 Zagat-rated restaurants. Adjacent to the Garment District, Chelsea is home to Fashion Institute of Technology and many designer boutiques, including Hermes, Stella McCartney, Helmut Lang, Diane Von Furstenberg, and many other household names.

The Ladies’ Mile Historic District on Sixth Avenue was once, in bygone years, a fashionable district of regally appointed department stores. Today, the Victorian milliners, cobblers and haberdashers have simply been replaced in modern times by Best Buy, TJ Maxx and Trader Joe’s. Chelsea Market, occupying a full city block, has been described as “one of the greatest indoor food halls of the world.” For recreation, Chelsea Piers, located in Hudson River Park, is a delight, offering 28 acres of golf, boating, ice skating, bowling and every manner of sport. The High Line elevated park which runs through the heart of Chelsea has won innumerable awards for innovation and design excellence.

Above all, it’s a gracious residential neighborhood, with tree-lined streets, convenient shopping, and highly-rated schools. Housing opportunities range from historic, protected townhouses to luxury full-service high-rises with excellent amenities packages. In sophisticated new constructions like the Caroline and the Vanguard, located in the center, a number of no-fee rental apartments are available. Many buyers and tenants are attracted to Chelsea because they find prices to be favorable compared to nearby West Village and Upper West Side properties. But with outstanding cultural, consumer and recreational resources, it is an economical alternative that stands on its own as an exciting destination and place to call home. Array Property Group brokers are delighted to share with you their fondness for this unique, appealing neighborhood.

Midtown West

midtown west

Midtown West goes by the colorful names of Clinton and Hell’s Kitchen. Whatever name you choose, this area west of 7th Avenue from the West 30s to West 50s offers fine residential options. In fact, many Array Property Group customers start out looking at exotic, trendy neighborhoods but select Midtown West as their home based on convenience, spaciousness, and value.

Hell’s Kitchen The Hottest Part Of Hell

In the 19th and 20th centuries, Manhattan’s West Side was mostly industrial, with docks, railroads, factories, commercial offices, and tenements to house the workers. Hell’s Kitchen – meaning the hottest part of Hell – was a reference to the gangs who inhabited this rough part of town in the 1880s. A century later, the antiquated structures were cleared, making way for waterfront parks and spacious, sparkling residential towers. These glistening glass high-rises are filled with amenities and provide amazing open views of river and city above the low-rise terrain. The landscape has certainly changed, but the cute nickname of Hell’s Kitchen endures.

The Residential Inventory Midtown West Has To Offer

Midtown West’s residential inventory includes many brand new high-rises, some designed by eminent architects and offering advanced environmental features. This is a superb area for tenants who prefer new developments. The famous Silver Towers, opened on 42nd Street in 2009, created a new standard in construction values by introducing the idea of condo-quality in a rental building. New buildings since then have been forced to compete at this higher level, rolling out increasingly fine homes with extravagant extras. Each one seems to outdo the ones that have gone before.

Buildings in Midtown West have ample space for generous layouts and exceptional amenities packages. Far from the dense overdevelopment of Central Midtown, where skyscrapers stand shoulder to shoulder, Hell’s Kitchen has room to spread out. Developers have space to offer an unimaginable range of amenities. In this neighborhood you’ll find buildings with such unusual luxuries as basketball and tennis courts, expansive roof decks, pools, rock climbing, children’s playrooms, computer labs, conference rooms, garages, health clubs, onsite libraries, theatres, gardens, game rooms, driving ranges, music rehearsal rooms, lounges with catering kitchens and even dog spas. West Side buildings compete aggressively to provide the most creative and extravagant resources. All these extras add real value as an extension of your home, offering plenty of extra space for entertainment or a quiet retreat. The right amenities package lets you meet like-minded neighbors, creating a real sense of community within a single luxury building. Residents often say that their favorite attribute of Midtown West is the unique culture that develops in each building.

In Manhattan’s other, denser neighborhoods, residents may have views only of city streets, or even just a brick wall. But in this open area, some of the city’s most spectacular vistas may be yours, enhanced by floor to ceiling windows that capture sweeping river and skyline views. The lights of Broadway are right below your window, with the Theatre District in the heart of Hell’s Kitchen. Now that the “Emerald Necklace” of parks circling Manhattan has been developed, Hudson River Park is your 550-acre backyard, filled with recreation opportunities like bike paths, piers, dog runs, the grand Intrepid museum and the city’s Circle Line. The Highline elevated park, which is still being expanded, also serves the neighborhood. The most exciting addition nearby is the $20 billion Hudson Yards Redevelopment Project, which is the biggest real estate project in America’s history, bringing brand new retail, offices, parks and utilities to the southern border of Midtown West.

In the past, the biggest drawback of Midtown West was its distance from mass transit. Residential buildings compensated for this by providing shuttle buses to transit hubs. But now, the 7-line subway following 11th Avenue through the center of Hell’s Kitchen has made travel a breeze for thousands of residents, with service every five minutes. In fine weather, some residents still prefer to get to the central business district on foot or their own wheels.

Relatively Economical Luxury Housing Opportunity

Hell’s Kitchen’s location is by far its finest asset financially. Because of the lingering perception – mostly false – that the area is remote and undeveloped, rents remain relatively economical compared to the available quality, space, views, and amenities. And with ample inventory in large buildings, many managements offer no-fee luxury rentals to attract tenants. Prices continue to be favorable but are rising due to widespread press acclaim for Hudson Yards.

Midtown West is an extremely popular neighborhood for Manhattan tenants. Notable buildings include Silver Towers (one of the first super luxury rentals), Sky (with a huge scale of amenities and luxuries) MiMA (with a private Equinox club onsite), Oscar, Riverbank, 555 Ten, and Emerald Green/Crystal Green (environmentally certified).

At risk of too painful a pun, Hell’s Kitchen is now at it’s hottest. Good deals are still to be found, and Array Property Group brokers look forward to showing you around this delightful area.

FiDi, Financial District

FiDi

Throughout the 20th century, the Financial District became a ghost town after the stock market closed each day at 4 o’clock. Certainly, nobody lived there. But the neighborhood, now affectionately called FiDi, has undergone a remarkable transformation from a business district to a vibrant mixed-use community. FiDi is no longer just for the FIRE industries (Finance, Insurance & Real Estate). It’s become a culturally rich, 24-hour neighborhood with some of the best home values in town.  Many residents say the Financial District now is the most exciting neighborhood in Manhattan!

There’s little question FiDi is the most historic neighborhood in New York City. Originally settled by the Dutch at the southernmost tip of Manhattan Island, the City of New Amsterdam was established in today’s Financial District in 1624. The British took over in 1664, and renamed it to New York, after the King’s brother, the Duke of York.

At the time of earliest settlement by Europeans, the northern boundary of city was Wall Street, where they literally built a wall. Because trading of every commodity occurred there, Wall Street became known as the center of commerce and remains so today. In the 21st century, the northern boundary of FiDi is considered to be Chambers Street and the approach to the Brooklyn Bridge. South, east and west boundaries, of course, are New York Harbor and the rivers.

Housing Opportunities in FiDi

Although FiDi still reigns as the financial capital of the world, it has also become a desirable residential area. In the new millennium, the estimated population of the neighborhood has more than quintupled. Even people who don’t work in the neighborhood are attracted by its excellent housing opportunities and easy commutes. FiDi now has improved transportation with the huge new Fulton Street transit hub, along with expanded ferries, water taxis, marinas, and helicopter terminals. Luxury retail has followed the progressive, affluent new residents into FiDi, notably at Brookfield Place, a huge indoor shopping mall at World Financial Center.  Historic South Street Seaport, George Washington’s favorite Fraunces Tavern, and beautiful colonial Stone Street remain magnets for tourists and locals alike.

FiDi has unique housing opportunities for every resident’s taste, from the classically inclined to the avant-garde. Some of New York’s most beautiful buildings were constructed in the economic boom years of the 1920s, and many fine old offices have been converted into gracious homes. Sumptuous temples of industry erected by the wolves of Wall Street are now museum-quality apartments that retain historic grandeur along with new millennial features. Fine examples are The Crest, 30 Exchange Place and 116 John Street.

Tenants who enjoy sleek, mid-century modernism can enjoy the elegant restraint of converted high-rises like 90 Washington Street and 2 Gold Street. And those who appreciate a tasteful balance of classicism and unfettered artistry will go for Downtown by Philippe Starck, the original JP Morgan building renovated by the celebrated designer who is anything but traditional.

The Neighborhood of Architecture Landmarks

World renowned “starchitects” have contributed some of their best work to the FiDi cityscape, including: David Adjaye, 130 William Street; Rafael Viñoly, 125 Greenwich Street; Santiago Calatrava, Fulton Transit Hub and the Oculus; Andre Balazs, William Beaver House, and Frank Gehry, 8 Spruce Street, to name just a few.  Tenants in FiDi have the opportunity to reside in works of art by some of the world’s most celebrated architectural leaders.

An unprecedented development downtown has been the creation of Battery Park City – a remarkable 92-acre man-made construction on the west of FiDi. Imagine adding a huge artificial extension to the island of Manhattan offering cultural, retail and business resources to FiDi residents!

Despite the exciting transformation FiDi has undergone, great home values still remain. Prices have generally not risen as quickly as the neighborhood has changed. With many residential options throughout FiDi, pricing is competitive, and many apartments are no-fee luxury rentals. Developers offer homes in every price range, from economical homes below $3000 per month to the Woolworth Building’s palace in the sky selling for $100 million!

If you want a unique home in a convenient location with plenty of parks, schools and local culture, FiDi is definitely a neighborhood that should not be overlooked. In fact, so many opportunities are available there that it is difficult to zero in on the perfect choice in terms of price, location, amenities, and style. Array Property Group’s agents have a special affection for Fidi and its wide range of homes and look forward to showing you around.