TriBeCa: An Overview

Streetscape In TriBeCa

TriBeCa –  Taking a walk down the cobblestone streets of TriBeCa it wouldn’t be a surprise if you bumped into Jay-Z on your morning jog or Robert DeNiro as you’re taking your beloved pooch for a walk down Chambers Street. This neighborhood is known for its famous residents( even the late John F. Kennedy Jr used to live here) and is the home of many young professionals with families. Its name is an acronym for “Triangle Below Canal Street.” TriBeCa extends from the south section of Canal Street between Broadway and West Street and south of Vesey Street. In the mid 1800’s TriBeCa was labeled as Manhattan’s Lower West Side and was one of the first residential neighborhoods in New York.  By the 70’s and 60’s the area transitioned and became industrialized. Most spaces were warehouses, turning TriBeCa into and the home for many New York City artists and musicians. Today those industrial buildings and warehouses have now been converted into upscale loft spaces and homes.

TriBeCa is considerably one of Manhattan’s most coveted zip codes. PropertyShark's data reports that TriBeCa is now the most expensive neighborhood in New York City, surpassing the prestigious zip code of the Upper East Side. The area is known for its well-known homeowners like ex Real Housewives of New York City star and founder of the SkinnyGirl margarita, Bethenny Frankel, Beyoncé Knowles and husband, Jay-Z. Hollywood A-lister, Robert DeNiro, has not only made TriBeCa his home, but also opened up several of local businesses post 9/11 to rebuild the community. Most known of his ventures include the film studio Tribeca Productions acclaimed Japanese cuisine restaurant, NoBu with renowned chef, Nobu Matsuhis and the TriBeCa Film Festival.

As of the 2010 census the population was 17,056, a staggering 64.1 % increase from the 2000 census.  The median income for households in this area is an approximate $87,125, surpassing the average income of New York as a whole by over $48,000. Racial diversity, however is not as abundant as it once was in the 70’s and 80’s - 82.34% White, 7.96 Asian, 6.34 Hispanic, 4.89% African American. The remaining 4.81% are of the Native American, Pacific Islander descent or they are from more than one race.

TriBeCa is a popular choice for those with or starting a family. This is due to the low crime rate and schools within the neighborhood. AreaVibes, reports that TriBeCa is 95% safer than other neighborhoods in New York with a crime rate that is less than 5% of the other areas of New York. The highly selective, Stuyvesant High School is located within TriBeCa on Chambers Street and received a Gold award from US News as the 9th best public high school in the New York State, coming in at 59th nationwide. Graduates of Stuyvesant continued their education at elite or prestigious Ivy League universities such as Yale, Cornell and MIT.

TriBeCa has a family friendly neighborhood charm while still maintaining a trendy and exclusive atmosphere, easily making it Manhattan’s most expensive neighborhood attracting celebrities, and executives alike. TriBeCa is industrialized yet cozy which affords residents plenty of open space and nature ideal for growing families in New York.