Living the high life: The best luxury neighborhoods in Manhattan
As you’d probably expect, New Yorkers with the deepest pockets live in Manhattan. Among more than 50 neighborhoods, you will find those that are more economically acceptable for a larger number of residents, like Washington Heights, Inwood, Fort George, and Tudor City. However, if you’re moving to NYC and want something much more glamorous and luxurious, get matched with Manhattan movers and find out where you can rub shoulders with New York’s wealthiest people. Each of the neighborhoods has its vibes and lifestyle. Although, according to StreetEasy data, real estate prices in Manhattan are expected to drop, in November 2022 the median home price reached almost $1.6 million. On this occasion, we will present you with the best luxury neighborhoods in Manhattan, not only in terms of housing prices but also other costs for an elegant and enjoyable way of life.
TriBeCa is one of the best luxury neighborhoods in Manhattan
TriBeCa or “The Triangle Below Canal Street” is part of Lower Manhattan. This part of New York City has great views of the Hudson River, restaurants, and glamorous hotels nearby. If you are wondering who lives in this neighborhood, the answer is – the famous and the rich. This is the home of many celebrities. There you can meet Gwyneth Paltrow, Meryl Streep, or Billy Crystal. Galleries, restaurants, bars, shops, and easy access to the metro are just some of what awaits you after the move.
This part of Manhattan offers a lot of uniqueness. One of the oldest parks in New York, Duane Park is located in TriBeCa. Surrounded by 19th-century buildings, this park has a row of benches shaded by a London plane tree. TriBeCa is home to cast iron facade buildings that date back to the 1800s. One of them is located in the East Historic District of TriBeCa, which today houses Aire Ancient Baths, a luxurious bathhouse, and a spa. Another point of interest is the Philip Williams Poster shop on Chambers Street. There you can find posters from the 1870s to the present day. You can stop by for waffles and eggs benedict at Square Diner on Leonard Street, tacos at Los Tacos No1, or a glass of wine at Tribeca Grill.
Prepare a bigger wallet for these living expenses
TriBeCa’s total cost of living is 181% higher than the national average. At the same time, apartment prices are 536% higher than the U.S. average. Although there are apartments for sale on the real estate market, in this neighborhood as many as 70.83% of people live on rent. The average rent is $3,475 for a studio, $3,999 for a one-bedroom, and $5,300 for a two-bedroom. If you have found what works for you, contact local movers in Manhattan to do this part of the job efficiently. Of TriBeCa’s total of approximately 17,000 residents, 29.17% are homeowners. Areavibes.com properties currently include those valued at over $5 million. The median household income in Tribeca is 237% higher than the national average. This is a neighborhood where there is no poverty rate, it is zero. Luxury life is reflected in every smallest segment of living.
Luxury SoHo neighborhood
If you are planning to buy an oversized penthouse or just rent one of the more luxurious apartments in NYC, this neighborhood is a great choice. Also, SoHo is a shopaholic’s paradise. Here you will find some of the most luxurious shops and boutiques. Your shopping day will be completed with an excellent selection of restaurants and cafes. This is the home of the famous Dakota Fanning, and other celebrities have called it their home in the past. Among French restaurants in SoHo, you’ll enjoy your meal at Balthazar, Little Prince, or Le Coucou. If you are a fan of American cuisine, there is The Dutch Restaurant and Mercer Kitchen. In addition, SoHo is a neighborhood of other cuisines, Mexican, Asian, and Italian.
SoHo is a neighborhood of Lower Manhattan bounded by Houston Street to the north and Canal Street to the south. That’s why it got the name SoHo, “south of Houston Street”. With a population of nearly 13,000 and a median age of 37, this neighborhood has more than 75% of residents with a bachelor’s or graduate degree. Although it is considered a family-friendly neighborhood, there are only 38.37% family households, and 15% with children. At the heart of the neighborhood is SoHo Square Park, which can be a fun place for families with children. Another, also smaller park in SoHo is the triangular Petrosino Square, which does not have much greenery, but you can take a break from shopping on one of the benches or sit with friends and sip coffee.
Impressive appearance and the high price of real estate
Most of the buildings in SoHo are former textile factories that have been converted into amazing apartments in the modern age. This area quickly attracts everyone’s attention with its cast-iron buildings. Such, which are still standing today, are the Gunther Building and E.V. Haughwout Building. Among the more imposing architectural works are the Scholastic Building, the New Era Building, and the Roosevelt Building.
If you want to rent an apartment in this neighborhood, keep in mind the median price of $2,395 for a studio, $3,231 for a 1-bedroom, and $3,911 for a 2-bedroom apartment. However, if you want to become a homeowner, you have to allocate a significantly larger amount. SoHo Housing is 379% higher than the national average, and the overall cost of living is 134% higher. Total household income is also higher than the U.S. average by 129%. Currently, the properties include a 3000-square-foot apartment priced at $6.5 million.
Hudson Yards, “Tomorrow’s City Today”
This Manhattan neighborhood has breathtaking views of the city. From the Edge, which is the highest sky deck located at 30 Hudson Yards, you can see all of New York from a bird’s eye view. A similar situation will be from the windows of your residence and office space. Among the skyscrapers, there are buildings with apartments, but also large business premises. Some of the big business companies started to populate Hudson Yards already in 2016. Among them are Dior, Fendi, Cartier, Coach, and Sephora. Also, 10 Hudson Yards is the first commercial office building in New York to receive LEED v2009 Platinum certification.
So, if you are planning to relocate your business to this NYC neighborhood, you can find excellent commercial moving companies in Manhattan. By the way, Hudson Yards is a 28-acre mixed-use development. There are residential and commercial high-rise buildings, a garden, a shopping mall, and a cultural center. And of course, a fabulous view of the Hudson River.
How much money should you shell out for this top luxury neighborhood in Manhattan?
According to Business Insider, Hudson Yards pushed TriBeCa out of the top spot to become the most expensive neighborhood in Manhattan. The median real estate price is $1.2 million. If you want to live in this neighborhood, prepare $3,000 for a studio rent, $4,400 for a 1-bedroom, and $6,200 for a 2-bedroom, while a large 3-bedroom apartment will cost you as much as $10,100 per month. Complement your luxury lifestyle with lunch at Ana Bar & Eatery, Spanish Dinner at Mercado Little Spain, or Estiatorio Milos. Also check out some of the events at The Shed, which supports all kinds of arts.
Carnegie Hill, Upper East Side
There are many things to love about Carnegie Hills. First of all, the proximity to Central Park. There are the Cooper Hewitt Museum, the Guggenheim Museum as well as the Jewish Museum. This is the home of Park Avenue, which will enchant you with its landscape and flowery areas at every pedestrian crossing, and 92Y, an incredible cultural center. This neighborhood with character has fabulous restaurants and shops. It is very expensive but also very exclusive. The area has several nice churches and private schools. With a population of 45,577, Carnegie Hills is a neighborhood where nearly 45% are families. Among the 28,185 households, a larger number of inhabitants live in rent, 66.34%. Here you will find many beautiful classic six and classic seven apartments.
And what about the pricing?
This neighborhood is also one of the most expensive. As many as 98 percent of the apartments offered on the market are rented at a price higher than 2000 dollars. The average monthly rent is $4,466. If you want a studio, you need to shell out the sum of $20,840, for a 1-bedroom apartment $3,158, a 2-bedroom apartment $4,766, a 3-bedroom apartment $10,894, and for larger apartments up to 2,400 square feet and up to $25,000 per month. If Carnegie Hills is your favorite neighborhood in New York, find reliable long distance movers in Manhattan. That will be the safest way to quickly become a resident.
Midtown must be among the best luxury neighborhoods in Manhattan
Although less expensive than some listed above, Midtown has to be mentioned among these luxury neighborhoods. This one is best known for its restaurants and shopping areas. Whether you stop by for Oysters at Five Acres, Bison au Poivre at Le Rock, or Aquavit’s Arctic Bird’s Nest dessert, you’ll enjoy the incredible taste, but also have to shell out more money. This central part of Manhattan is ideal for families as well as business professionals. According to Statista.com, in 2022 the estimated size of office space was as much as 241 million sq ft. That’s almost half of the total office space in Manhattan. Numerous Fortune 500 companies are located in the skyscrapers that are the symbol of this neighborhood. With an unemployment rate of only 3%, there are huge chances to find what suits you.
Midtown is home to the Empire State Building, United Nations headquarters, transportation hub Grand Central Terminal, Rockefeller Center, and world-famous shopping at Saks Fifth Avenue and Tiffany’s store. Among the skyscrapers rises St. Patrick’s Cathedral, a historical landmark in marble and with dozens of stained-glass windows. If you are moving with children, you will have a large number of options regarding education. There are many private and several public schools at your disposal. Now just connect with residential movers in Manhattan and start your luxury life in midtown Manhattan.
Renting and buying an apartment in the Midtown
Among the Midtown neighborhood’s 314,128 residents, 72% rent. If these are your current perspectives, you can find your one-, two-, three- and four-bedroom apartment with lots of space in one of its buildings. These include The Bristol, The Bamford, The Belmont, and Paramount Tower. With its sophisticated design and luxurious amenities, you will have everything you need. According to Renthop.com, the median rent in this area is $4,584. You’ll need $3595 for a studio, $4300 for a 1-bedroom, $6236 for a 2-bedroom, and $6495 for a 3-bedroom. Compared to last year, the increase in rental prices was mostly reflected in studios and two-room apartments.
If you want to own your luxury apartment in this part of New York, you have to spend a minimum of $1.4 million. According to Realtor.com, it was the median listing home price in February 2023. Some apartments reach significantly higher prices, up to $5 million, which is to be expected given their size and quality. By the way, the total number of households in the Midtown neighborhood is 172083. Of these, 10.27% are with children. Most of the buildings date back to 1939.
Choose your best luxury neighborhoods in Manhattan and organize your move
New York is a city of luxury. In whatever aspect of living you look, you will find glamor and grandeur. Some of the most expensive boroughs in the states are located here. Among them is certainly the borough of Manhattan with a median home value of $1,160,000. This municipality even holds the first 15 positions in the list of the most expensive neighborhoods. Whether you’re moving to the Big Apple for the first time or you’re just looking for a change to something different and special, you’re sure to find one of these best luxury neighborhoods in Manhattan.