Finance We went to New York City's most expensive neighborhood — home to Wall Streeters and celebrities like Taylor Swift — and saw why it's so popular

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Tribeca is New York City's most expensive neighborhood. Its quiet streets and proximity to the Financial District have helped make it popular.

Tribeca's quiet streets and proximity to the Financial District makes it popular with businesspeople and celebrities. play

Tribeca's quiet streets and proximity to the Financial District makes it popular with businesspeople and celebrities.

(Sarah Jacobs/Business Insider)

New York City is home to some of the most expensive real estate in the world. The most expensive place to own a home in this expensive city, however, is Tribeca.

While back in the 1970s, the neighborhood attracted artists because of its many large lofts, today its relatively quiet streets entice the city's wealthiest businesspeople, as well as mega-celebrities like Beyoncé, Jay-Z, and Taylor Swift, who purchased a penthouse in the neighborhood for a reported $20 million in 2014.

Today, according to StreetEasy data, the median sale price in Tribeca is $4.525 million.

I recently strolled through the neighborhood to see why its real estate repeatedly tops the market. From its cobblestone streets to its plentiful restaurants, shopping, and parks, there seems to be very little reason to ever leave Tribeca once you've settled in.

"Tribeca" is an abbreviation for "Triangle Below Canal Street." Originally, the name referred only to a single block on Lispenard Street between Church Street and Broadway. Today, the neighborhood is understood to include the streets south of Canal down to Vesey Street, and from the West Side Highway to Broadway.

"Tribeca" is an abbreviation for "Triangle Below Canal Street." Originally, the name referred only to a single block on Lispenard Street between Church Street and Broadway. Today, the neighborhood is understood to include the streets south of Canal down to Vesey Street, and from the West Side Highway to Broadway. play

"Tribeca" is an abbreviation for "Triangle Below Canal Street." Originally, the name referred only to a single block on Lispenard Street between Church Street and Broadway. Today, the neighborhood is understood to include the streets south of Canal down to Vesey Street, and from the West Side Highway to Broadway.

(Sarah Jacobs/Business Insider)

Source: Curbed



As for public transportation options, the neighborhood is serviced by the 1, 2, 3, A, C, E, N, Q, R, and W subway lines.

As for public transportation options, the neighborhood is serviced by the 1, 2, 3, A, C, E, N, Q, R, and W subway lines. play

As for public transportation options, the neighborhood is serviced by the 1, 2, 3, A, C, E, N, Q, R, and W subway lines.

(Sarah Jacobs/Business Insider)


On the market in Tribeca right now are some of the city's most historic homes. This row of townhouses on Harrison Street was originally built in 1819 and made an official city landmark in 1966. Home 27A is currently on the market for $6.5 million.

On the market in Tribeca right now are some of the city's most historic homes. This row of townhouses on Harrison Street was originally built in 1819 and made an official city landmark in 1966. Home 27A is currently on the market for $6.5 million. play

On the market in Tribeca right now are some of the city's most historic homes. This row of townhouses on Harrison Street was originally built in 1819 and made an official city landmark in 1966. Home 27A is currently on the market for $6.5 million.

(Sarah Jacobs/Business Insider)

Source: Douglas Elliman



While there are a total of seven Starbucks locations in Tribeca alone, there are also a number of other options for gourmet coffee, including this La Colombe store at the corner of Lispenard Street and Church Street.

While there are a total of seven Starbucks locations in Tribeca alone, there are also a number of other options for gourmet coffee, including this La Colombe store at the corner of Lispenard Street and Church Street. play

While there are a total of seven Starbucks locations in Tribeca alone, there are also a number of other options for gourmet coffee, including this La Colombe store at the corner of Lispenard Street and Church Street.

(Sarah Jacobs/Business Insider)


The Roxy Hotel — formerly the Tribeca Grand — has its own movie theater and underground jazz club.

The Roxy Hotel — formerly the Tribeca Grand — has its own movie theater and underground jazz club. play

The Roxy Hotel — formerly the Tribeca Grand — has its own movie theater and underground jazz club.

(Sarah Jacobs/Business Insider)


There's also, of course, the annual Tribeca Film Festival, which was cofounded by Robert De Niro in 2002. The Tribeca Film Center is located near the corner of Greenwich Street and North Moore Street, pictured here.

There's also, of course, the annual Tribeca Film Festival, which was cofounded by Robert De Niro in 2002. The Tribeca Film Center is located near the corner of Greenwich Street and North Moore Street, pictured here. play

There's also, of course, the annual Tribeca Film Festival, which was cofounded by Robert De Niro in 2002. The Tribeca Film Center is located near the corner of Greenwich Street and North Moore Street, pictured here.

(Sarah Jacobs/Business Insider)


A number of art galleries, including Alexander and Bonin, are scattered throughout the neighborhood.

A number of art galleries, including Alexander and Bonin, are scattered throughout the neighborhood. play

A number of art galleries, including Alexander and Bonin, are scattered throughout the neighborhood.

(Sarah Jacobs/Business Insider)


For shopping, there's J.Crew's stand-alone men's shop, called the Liquor Store, which opened in 2008. The shop was considered a radically different approach from the brand's usual retail spaces at the time.

For shopping, there's J.Crew's stand-alone men's shop, called the Liquor Store, which opened in 2008. The shop was considered a radically different approach from the brand's usual retail spaces at the time. play

For shopping, there's J.Crew's stand-alone men's shop, called the Liquor Store, which opened in 2008. The shop was considered a radically different approach from the brand's usual retail spaces at the time.

(Sarah Jacobs/Business Insider)


But if fancy camping gear is more what you're looking for, you can check out Best Made Co., which sells everything from axes to clothing to fishing supplies.

But if fancy camping gear is more what you're looking for, you can check out Best Made Co., which sells everything from axes to clothing to fishing supplies. play

But if fancy camping gear is more what you're looking for, you can check out Best Made Co., which sells everything from axes to clothing to fishing supplies.

(Sarah Jacobs/Business Insider)


The shelves at independent bookstore Mysterious Books are packed with rare and collectible crime and suspense novels.

The shelves at independent bookstore Mysterious Books are packed with rare and collectible crime and suspense novels. play

The shelves at independent bookstore Mysterious Books are packed with rare and collectible crime and suspense novels.

(Sarah Jacobs/Business Insider)


For quality eats, there's The Odeon, which opened in 1980 and was frequented by artists including Andy Warhol. There are also a few Michelin-starred options within Tribeca, including Atera and Jungsik.

For quality eats, there's The Odeon, which opened in 1980 and was frequented by artists including Andy Warhol. There are also a few Michelin-starred options within Tribeca, including Atera and Jungsik. play

For quality eats, there's The Odeon, which opened in 1980 and was frequented by artists including Andy Warhol. There are also a few Michelin-starred options within Tribeca, including Atera and Jungsik.

(Sarah Jacobs/Business Insider)

Source: Eater



For a drink, locals head to The Bennett, which serves $15 cocktails and even provides mixology lessons for those wanting to make their own.

For a drink, locals head to The Bennett, which serves $15 cocktails and even provides mixology lessons for those wanting to make their own. play

For a drink, locals head to The Bennett, which serves $15 cocktails and even provides mixology lessons for those wanting to make their own.

(Sarah Jacobs/Business Insider)


Tribeca is known for being family-friendly, and when the weather is good, Washington Market Park, pictured here, proves it. The park was packed with toddlers and parents and nannies watching on.

Tribeca is known for being family-friendly, and when the weather is good, Washington Market Park, pictured here, proves it. The park was packed with toddlers and parents and nannies watching on. play

Tribeca is known for being family-friendly, and when the weather is good, Washington Market Park, pictured here, proves it. The park was packed with toddlers and parents and nannies watching on.

(Sarah Jacobs/Business Insider)

Source: Observer



Rockefeller Park, with its views of New Jersey by the water, was also a popular spot this particular afternoon.

Rockefeller Park, with its views of New Jersey by the water, was also a popular spot this particular afternoon. play

Rockefeller Park, with its views of New Jersey by the water, was also a popular spot this particular afternoon.

(Sarah Jacobs/Business Insider)


One easy way to pass over the West Side Highway on your way to the waterfront is to use the Tribeca Bridge ...

One easy way to pass over the West Side Highway on your way to the waterfront is to use the Tribeca Bridge ... play

One easy way to pass over the West Side Highway on your way to the waterfront is to use the Tribeca Bridge ...

(Sarah Jacobs/Business Insider)


... which also has an entrance into Stuyvesant High School. Ranked number-one in New York City in 2015, the public high school is extremely selective.

... which also has an entrance into Stuyvesant High School. Ranked number-one in New York City in 2015, the public high school is extremely selective. play

... which also has an entrance into Stuyvesant High School. Ranked number-one in New York City in 2015, the public high school is extremely selective.

(Sarah Jacobs/Business Insider)

Source: New York Post



The Borough of Manhattan Community College is also located within Tribeca.

The Borough of Manhattan Community College is also located within Tribeca. play

The Borough of Manhattan Community College is also located within Tribeca.

(Sarah Jacobs/Business Insider)


For grocery shopping, there's a Whole Foods at the corner of Greenwich Street and Warren Street.

For grocery shopping, there's a Whole Foods at the corner of Greenwich Street and Warren Street. play

For grocery shopping, there's a Whole Foods at the corner of Greenwich Street and Warren Street.

(Sarah Jacobs/Business Insider)


One of the most visually stunning parts of Tribeca is the ever-present One World Trade Center. Located at the southern base of the neighborhood, the building is rarely hidden, no matter where you are in Tribeca.

play

(Sarah Jacobs/Business Insider)


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