If you are looking for luxury homes in New York City you have to check out the Tribeca area. Located in lower Manhattan, Tribeca is actually an acronym for “Triangle Below Canal Street.” The Tribeca triangle is bounded by Canal Street, West Street, Broadway, and Vesey Street. Just to give you some history, the area was one of the first residential neighborhoods in New York City; however, by the mid-19th century it had become a commercial hub. During the 1970s many of the large buildings that once housed commercial ventures were turned into loft space by artists who were attracted to the area. During the last two decades of the 20th century, the Tribeca area was transformed into an upper scale residential neighborhood and now houses some of the most luxurious New York City property listings available. In fact, in 2006, Forbes magazine ranked Tribeca’s 10013 zip code New York City’s most expensive zip code to live in. If you are looking for luxury homes in New York City, Tribeca is a must see.

This part of lower Manhattan remains one of the most sought after areas of New York City. Famous names such as Robert DeNiro, Meryl Streep, Leonardo DiCaprio, and Gwyneth Paltrow have called Tribeca home at one point or another. Needless to say, it is hardly unusual to find yourself living next to a well-known artist, politician, or movie star if you are fortunate enough to be able to afford New York City property in Tribeca. Those who live in this upscale community can enjoy excellent schools, plenty of mass transit options, low crime rate, and waterfront access – all of which comes at a premium price. Finding New York City property in Tribeca for under $1 million is a challenge. Most people looking for property in Tribeca are prepared to spend upwards of $5 million-and if you are looking for a premium location in Tribeca, price tags of $15-$20 million can be expected.

The vast majority of the luxury New York homes found in Tribeca are expansive loft spaces that have been converted to some of the most luxurious living spaces in New York City. As of August 2013, you can expect to pay around $2000 per square foot for a typical property located in Tribeca. Depending on exactly where the property is located, as well as what custom features and amenities come with the property, a homeowner can expect to pay anywhere from $2 million to well over $5 million for a two bedroom, two bath condominium. If your dream home in New York City includes a massive space with numerous bedrooms, expect to pay over $10 million in Tribeca. Most properties available in Tribeca are ultra-modern lofts that offer incredible views, high-end amenities, and the finest finishes available.

If you are fortunate enough to be looking for luxury homes in New York City your first stop should be Tribeca, offering true luxury living right in the heart of the Big Apple.