Location: Southernmost tip of Manhattan
The Financial District encompasses roughly the area south of City Hall Park but excluding Battery Park City. The center of the area is often considered to be the corner of Wall Street and Broad Street.
The area is a great fit with anyone that works nearby due to the lack of a commute. Further, virtually all subway lines converge in the Financial District, providing a surprisingly quick ride to pretty much everywhere, including the Upper East Side, Upper West Side, Midtown—even Brooklyn.
The residential population of the area has increase to 56,000 from approximately 17,000 before 2000. It is considered a small emerging neighborhood. If you first view homes here during the workday, be sure to come back at night–the hustle and bustle of Wall Street really dies down after 6:00 PM. The Financial District is extremely quiet after hours and on weekends. Some love it that way, but some say it a bit like a ghost town at times.
The architecture in the Financial District is unique, with many old office buildings that have been converted into residential apartments. The local services (i.e. dry cleaners, grocery stores, laundromats) haven’t quite caught up yet, so your choices are limited and you may need to reach beyond your neighborhood to get everything you want.
The Financial District borders Tribeca, which provides most of the high-end dining and shopping options for the area. Recently, the Financial District has become known for real estate bargains due to the large number of developments that have come to market over the last few years. If you are looking for maximum space at the lowest cost, the Financial District is an ideal place to search.
Note due to the small size of the area, there are not that many top real estate brokers that specialize here. Typically, agents that serve Tribeca also reach across to handle the Financial District. We were able, however, to identify a small number of very strong agents that have built a substantial practice in the area and that were able to meet our qualifications.
Click for independent reviews & profiles of top agents who specialize in the Financial District.
