Tribeca Neighborhood Review - Manhattan Moving Guide

The quintessential Tribeca neighborhood guide. PropertyNest has compiled need-to-know information. Learn why people are moving to this neighborhood and find exciting places to eat, drink, and play. Explore getting around, local parks, nightlife and much more.
Tribeca Neighborhood Buildings
Editors Rating (2.5 stars out of 5)
4.8 Overall
Average Rent Prices 1
Public transportation 8
Schools 4
Lifestyle 7
Crime 4

In the last twenty years, Tribeca has been steadily rising as a popular neighborhood and is now officially considered the hottest area in the city.

This Tribeca neighborhood review will look into public transportation, restaurants, average apartment rent, and sale prices.

As safety steadily increased in lower Manhattan in the 90s, people discovered beautifully converted loft warehouses in Tribeca (which stands for Triangle Below Canal Street) and historic rowhouses.

Spacious open floor plan, reminiscent of those in Soho, but quieter, cheaper, and not inundated with retail and foot traffic were top alluring factors.

Today, Tribeca is where you can rub shoulders with upper-middle-class folks, the rich, and celebrities.

Considered a neighborhood with a lovely industrial-meets-classic feel, a family-friendly area with gorgeous green spaces, and home to many of the trendiest restaurants, unique boutiques, art galleries, and gourmet coffee shops.

Put further on the map by the Tribeca film festival, the neighborhood exponentially appeared in the 2000s.

Shouldered by the West Village, Chinatown, and the Financial District, you have access to unique areas quickly from Tribeca.

Fun Fact: In an effort to restore the spirit and economy of New York City following the September 11 attacks, Robert De Niro, Jane Rosenthal, and Craig Hatkoff founded the Tribeca Film Festival, which has brought in over half a billion of economic activity to city residents.

Real Estate in Tribeca

Tribeca is a victim of its popularity and success, with rental prices sky-high (let alone condo units).

The real estate market in Tribeca is one of the most desirable and expensive in New York City.

With its central location close to many high-end restaurants and shops, Tribeca offers residents a unique experience that can't be found anywhere else.

There are countless luxury apartments for sale and rent throughout the neighborhood, from historic lofts built during the 19th century to modern luxury condominiums with breathtaking views of New York’s Financial District and harbor.

This neighborhood often boasts first place for the most expensive housing in the city. Known for its gorgeous loft and warehouse conversions, these sprawling apartments will fetch a pretty penny.

Several housing options are available in Tribeca: studios to single-family homes, townhouses to duplexes.

Tribeca is also home to a variety of luxury condos that offer top-of-the-line amenities such as 24/7 concierge services, swimming pools, private theater rooms, spa facilities, private garages, or storage spaces.

In addition to these features, many newer construction buildings come equipped with state-of-the-art kitchens featuring top appliances like Viking ovens or Sub zero refrigerators; flooring made from stone or hardwood; custom lighting fixtures; smart home technology; soundproofing insulation; wine cellars; outdoor decks with firepits; pet spas; yoga studios; saunas; steam baths; massage rooms, etc.

However, the converted loft buildings tend to have much more spacious apartments, higher ceilings, and beautiful open floor plans in Tribeca's diverse real estate market.

Apartments Available for Rent in Tribeca

Renters can find apartments for less than $5,000 a month in this neighborhood, but they are usually studios or 1-bedrooms.

Rentals can easily climb to tens of thousands in Tribeca, but it is possible to find a two-bedroom apartment for less than $10,000.

Some of the reasons real estate prices are so high is that Tribeca is one of the most desirable places to live in New York City, with a high concentration of celebrities calling it home.

Apartments are generally more spacious with amenities.

Average Rental Prices in Tribeca

Studio$5,500
1 Bed$7,650
2 Beds$12,500
3 Beds$17,500
4 Beds$28,000
PropertyNest Real Estate Data As of February 2023

Average Rent Price History by Neighborhood

Apartments Available for Sale in Tribeca

Tribeca is well-known for its high-priced sprawling luxury loft apartments. Buying will be for those with access to a lot of capital.
Tribeca has been in the top three most expensive neighborhoods consistently in the past several years. Whether it's a condo or a co-op, properties are not anywhere near what most might consider affordable.

Prices depend on the size of the apartment and the building’s amenities but typically range from over $1 million to several million dollars for larger lofts or penthouse suites.

It is possible to find a studio for just under $1 million. But expect to dish out a lot extra in Tribeca, with larger condos easily hitting over $10 million.

Average Sales Prices in Tribeca

Studio$1,485,000
1 Bed$1,365,000
2 Beds$3,000,000
3 Beds$5,454,500
4 Beds$9,995,000
PropertyNest Real Estate Data As of February 2023

Public Transportation

Tribeca offers convenience in the way public transportation, with access to 9 trains, but predominantly being served by the A/C/E and 1/2/3 lines.

There are few dedicated bike lanes in the vicinity, but a beautiful continuous greenway along the Hudson makes a fast and lovely ride on the west side.

That being said, Tribeca is a small area, and you won't have to walk long before you run into some kind transportation.

Subway lines in neighborhood

  • 1 2 3

    IRT Broadway–Seventh Avenue Line

  • A C E

    IND Eighth Avenue Line

Bus Lines in Tribeca
BusesM20, M21, M55

Bikes & Bike Safety

CitiBike is a worthwhile and convenient option for many Tribeca residents.

Docks can be found in these three locations:

  • Hudson St & Reade St
  • Leonard St & Church St
  • Barclay St & Church St

Restaurants & Dining

Great restaurants are not hard to find in Tribeca.

As a matter of fact, the number of choices may be overwhelming as Tribeca does not do mediocre.

However, there are a few great solid mainstays that residents in the neighborhood return to regularly--

The Odeon (American), Bubby's (Southern), Takahachi (Sushi), Gunbae (Korean BBQ and karaoke), Tamarind (Indian), and Locanda Verde (Italian).

Tribeca also offers a variety of choices in coffee shops outside of the usual Starbucks.

You'll also be amazed by the different types of watering holes in the area that range from sleek modern cocktail bars like The Brandy Library and the solid Weather Up.

A heavenly Asian bakery that will be sure to satisfy your sweet tooth is Takahachi Bakery. You will never have a dessert like this outside of NYC unless, of course, you visit Asia. The matcha crepe is a local favorite!

But really, the list goes on, as these are just a tiny sampling of what Tribeca has to offer.

Attractions & Nightlife

The Poster Museum has an impressive collection of thousands of vintage posters and prints worldwide. Genres include USA WWI, Andy Warhol, Women and War, and Tour de France.

Pier 25 draws adults and children, tourists and locals year-round. It has plenty of outdoor activities like an 18-hole miniature golf course, sand volleyball courts, a skate park, snack bars, a children's playground, a town dock, and boat moorings. It is Hudson River Park's longest pier.

Suppose you want a unique, one-of-a-kind cocktail. In that case, Tribeca is your place, specifically, Macao Trading Co. Enjoy the extensive drink menu in the swanky downstairs basement where a DJ is usually spinning, or keep things low-key on the upper level - you've got options here.

Public & Charter Schools

Tribeca has very few public schools specifically zoned and contained within its parameters.
It is a small area, but there are a significant number of excellent schools within its district which is geographical district 2.
District 2 covers several neighborhoods and offers many options for some of the best public and charter schools in Manhattan, including the best middle and high schools in the city.
There are even several unzoned elementary schools in the district, making the neighborhood an excellent place of residence if you want great public school choices.
That being said, the two elementary school options within Tribeca borders are considered great schools.

Local Schools in Tribeca
SchoolsNotes
P.S. 89 Liberty SchoolPublic, Grades PK-5, 347 students
P.S. 234 Independence SchoolPublic • Grades K-5
728 students • 16 student/teacher
Stuyvesant High SchoolPublic, Grades 9-12, 3321 students, High achievement specialized science high school
German School ManhattanPrivate, Grades Preschool-5, 65 Students, Bilingual immersion school
Portfolio SchoolPrivate/Co-op, Grades K-5,

How Safe is the Tribeca Neighborhood?

Tribeca is home to some of the best law enforcement teams in the country.

The 1st Police Precinct serves as the primary police station for Tribeca, which provides round-the-clock patrols and monitoring of the area.

Additionally, the New York Police Department (NYPD) has an auxiliary force stationed in Tribeca that provides extra surveillance for residents and visitors alike.

Regarding crime statistics, it’s clear that Tribeca is a fairly safe place to live or visit. There have been significantly fewer incidents reported in the neighborhood than in other parts of Manhattan.

Although there were some reports of theft and robbery, rates are still significantly lower than they were several years ago. This indicates that safety standards are well maintained in this area.

Crime statistics

Crime rate: 7 out of 10
Approximately 26.5001 crimes (felony) per 1000 residents
Low Medium High

Tribeca also benefits from its location near several parks and green spaces throughout the neighborhood.

These areas are often patrolled by local police officers who help maintain a peaceful atmosphere while allowing people to enjoy peace and quiet outdoors on their own terms.

Overall, Tribeca is regarded as one of New York City's safest neighborhoods -- with low crime rates and plenty of measures taken by law enforcement to ensure a safe environment for residents and visitors alike.

While it may be wise to take caution when walking alone at night or entering unfamiliar areas like alleyways or side streets, living in the Tribeca Neighborhood can provide a feeling of security and peace that you won't find anywhere else in Manhattan.