Welcome to New York
Searching for New York homes for sale? New York City is a global powerhouse of culture and commerce. It’s the largest city in the United States and one of the most exciting places in the world. From Wall Street to Broadway, almost every street has inspired great works of art. It’s home to some of the world’s foremost museums and art galleries. It’s the meeting place of the United Nations and the center of global finance. It has a greater variety of fine restaurants and first-class shopping options than anywhere else on the planet. Its live entertainment calendar is second to none.
The incredible vibrancy and diversity of New York City have been attracting people from across the world since its inception. New York City counts three million foreign-born residents among its 8.5 million residents, giving New York City the world’s largest foreign-born population, with more than 800 languages spoken on its streets. The sprawling New York City metropolitan area is home to more than twenty million people.
The city that never sleeps has an almost infinite amount of things to see and do at day or night. Whatever your tastes and interests, the Big Apple has an incredible array of options.
NEW YORK CITY REAL ESTATE INSIGHTS
As befits a city of 8.5 million people, New York City has a huge and varied real estate portfolio. Some of the most desirable homes are situated among the glittering lights of Manhattan’s iconic skyline, with world-famous addresses like Fifth Avenue and Park Avenue offering elegant and opulent luxury living quarters in towers that rise high above street level and offer stunning views of Central Park and the city beyond.
Manhattan’s TriBeCa is on average New York City’s most expensive district, with a median sale price of more than $5 million in the first quarter of 2017. This expansive downtown district offers a blend of converted industrial spaces and Civil War-era neo-Renaissance White buildings. TriBeCa is both one of the most expensive and fastest-rising districts in the United States, with prices rising 55% year-on-year. This chic district is at the heart of Manhattan’s cultural life and is home to many of New York City’s most famous figures from sports and entertainment.
Other Manhattan districts like SoHo and Hudson Square are also populated by some of the city’s most glamorous residents, with respective median sales prices of $3,387,500 and $2,529,000. Iconic SoHo is one of Manhattan’s best areas for high-class shopping and high-end restaurants, while Hudson Square’s Charlton-King-Vandam Historic District’s real estate includes some of New York City’s finest architecture, with beautiful Greek Revival and Federal style properties.
Across the Hudson River in Brooklyn, the districts of Dumbo and Brooklyn Heights are highly sought after and rising fast. The median sales price in Dumbo jumped 87% to $2,265,606 in the first quarter of 2017, making it more expensive than better-known Manhattan locations like Chelsea, Greenwich Village, and the Theater District-Times Square area. Brooklyn Heights experienced an incredible 127% spike in median sales price in the same period, reaching $1,680,000. The average price per square foot is $1,494 across New York City as a whole.
PEOPLE & LIFESTYLE
Andy Warhol, John Lennon, Jay-Z, Frank Sinatra, Michael Bloomberg, David Koch – the list of famous names that have called New York City home at one time or another is endless. The buzz and energy of New York City have been attracting, creating, and inspiring many of the world’s most important cultural and business figures since the late 19th century.
New York City’s entertainment options are as diverse as its inhabitants. The city has around 2000 arts and cultural organizations, more than 500 galleries, and forty-one 500-plus capacity venues in Broadway and its surrounding theater district. New York City’s entertainment and cultural attractions are the envy of the world. Residents could easily experience a new world-class production or performance every day of the year.
The culinary scene is as immense in scale and quality as New York City’s cultural diversity, with 24,000 restaurants serving cuisine from every corner of the globe. These include many of the world’s finest dining experiences, including 77 Michelin star restaurants.
The unrivaled attractions of New York City are rounded out by its parks and glorious waterfront views of its cityscapes, with Central Park being the city’s largest and most iconic green space.
The Breitenbach Advisory has a wonderful array of luxury homes for sale in New York. If you'd like to learn more about the area or are ready to schedule a showing, contact us today!