America’s Global AddressIyna Bort Caruso
Think of Manhattan, and a barrage of images comes to mind. Broadway, Wall Street, Times Square. The city is as boundless as a skyscraper and as diverse as the structures that line its horizon. Manhattan isn’t just an American city but a world capital fueled by finance, fashion, health care, and media. This makes Manhattan one of the premier markets in the world for luxury real estate, with high end condos, luxurious penthouses and elegant homes.
It is a favorite base of Fortune 500 companies and a power seat for think tanks and tastemakers.
The broad base of industries attracts well-educated innovators, C-suite executives and professionals of diverse backgrounds, as it has for generations.
Yet, Manhattan is surprisingly livable and a perennial leader on lists of America’s safest large cities. People come from all parts of the globe and put down roots because, despite its behemoth stature, it is a patchwork of neighborhoods.
SoHo is noted for its cast-iron architecture and luxury lofts. Greenwich Village is the city’s largest historic district, a leafy throwback to the era of cobblestone and brownstone. Battery Park City has a suburban sensibility with vast stretches of child-friendly green spaces and an esplanade with magical views of New York Harbor, Ellis Island and the Statue of Liberty. The Upper East Side is classic New York set amid couture shops, posh restaurants and world-class institutions like the Metropolitan Museum of Art and the Guggenheim Museum. The Upper West Side, with its mix of Grande Dame buildings and new construction luxury homes, boasts easy access to attractions as varied as Lincoln Center and Central Park.
Every zip code has its own character. Sometimes a single block.
Overlaying New York City’s neighborhoods is accessibility to big league sports, beaches, parks, an ever expanding network of bicycle lanes and an art scene that reinforces New York’s cultural dominance. It is a city in perpetual motion.
Manhattan enjoys a strong real estate market. The high end sector, defined as the top 10% of sales in terms of price, is marked by tight inventory and significant foreign investment. Condominiums and co-operative apartments make up the bulk of residential housing. Homes range from coveted 19th century brownstones and Art Deco gems to warehouse-to-loft conversions and amenity-filled glass towers. A healthy share of trophy homes is among them. And with the occasional landmark undergoing a transformation to luxury condominiums, this city of icons offers the rare chance to live in one, too.