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- Tribeca’s 10007 is the richest ZIP code in New York City. Residents have an average income of $879,000, according to Bloomberg.
- I spent an afternoon in the trendy Manhattan neighborhood, and it was a clear example of how the look of wealth is changing.
- Tribeca draws a stark contrast to Billionaires’ Row, where hedge-fund and tech billionaires buy penthouses — many of which are secondary residences — at the top of sleek 1,000-foot-tall towers in midtown Manhattan, an area bustling with tourism and retail.
- The city’s richest ZIP code, on the other hand, is a vibrant, trendy, and walkable neighborhood full of young people and families.
- Visit Business Insider’s homepage for more stories.
Tribeca, a trendy neighborhood in downtown Manhattan, is home to New York City’s richest ZIP code, where the average income of residents is $879,000, Bloomberg reported.
It’s the fifth-richest ZIP code in the US, according to Bloomberg’s ranking.
Tribeca is “the epitome of downtown cool,” according to StreetEasy. The neighborhood, which borders the Hudson River to the west and the Financial District to the south, is a celebrity hotspot that has been home to stars including Taylor Swift, Jennifer Lawrence, and Steven Spielberg.
And real estate in Tribeca is notoriously pricey. The median sale price is $3.8 million, and the median rent is $6,195.
I recently spent an afternoon walking through the downtown Manhattan neighborhood. Here’s what New York City’s richest ZIP code looks like.
Tribeca, a trendy neighborhood in downtown Manhattan, is New York City’s richest ZIP code.
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Tribeca sits on the west side of lower Manhattan.
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Tribeca is well-served by public transportation.
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On a recent late-spring afternoon, I decided to take a walking tour of Tribeca to get a feel for the neighborhood.
Katie Warren/Business Insider
I walked up from my office in the Financial District, the neighborhood directly south of Tribeca. Even though it’s not far from where I work, I had never spent much time in the neighborhood.
Tribeca, which used to be home to warehouses, is known for its industrial architecture.
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The tallest building in the neighborhood is 56 Leonard, a 60-story tower built in 2015.
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It houses 145 condominium residences, including a four-bedroom penthouse on sale for $26.9 million. The penthouse is also listed for rent for $256,000 per month.
The cheapest available units in the building are a one-bedroom condo for $3.2 million and a two-bedroom rental for $16,000 per month, according to StreetEasy.
Tribeca is home to a Whole Foods Market that spans an entire city block.
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It’s one of two Whole Foods locations in lower Manhattan.
I also passed chains like Starbucks and the luxury fitness center Equinox, which has locations across New York City.
I saw many young families and parents pushing strollers in the neighborhood.
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One of New York City’s most prestigious schools, Stuyvesant High School, is in Tribeca.
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I was surprised by the amount of green space I found in Tribeca.
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I stumbled upon Teardrop Park, a 2-acre green space tucked away between Warren Street and Murray Street where a children’s birthday party seemed to be taking place.
And just a few minutes’ walk away is Hudson River Park, which offers panoramic views of the Hudson River and the New Jersey skyline.
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Tribeca is one of New York City’s oldest neighborhoods, and much of its pre-Civil War architecture is intact.
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“[Tribeca] boasts one of the world’s largest collections of Neo-Grec designs and wrought-iron facades, in loft-style low-rises that real estate investors from around the globe covet,” Heather Senison wrote for Forbes in 2018.
The neighborhood is known for its celebrity residents, several of whom have been known to cluster in one luxury condominium building: 443 Greenwich.
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The neighborhood is full of leafy cobblestone streets that are surprisingly quiet.
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I can certainly understand why those areas would be attractive to celebrity buyers.
I started to head back toward the Financial District and passed a doggy daycare called PupCulture that had a sign out front advertising CBD products for dogs.
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The sign read: “We now carry CBD oils, capsules, and edibles … for the puppies!”
Given the skyrocketing popularity of CBD products, I shouldn’t have been too surprised.
As I strolled through the neighborhood, I noticed that Tribeca is home to virtually all of the trendiest chains in the city, from restaurants to fitness centers.
Katie Warren/Business Insider
Sweetgreen and Dig Inn, two of the most popular fast-casual healthy-ish dining options in the city, can both be found in Tribeca.
And when it comes to fitness, in addition to the usual suspect, Equinox — which can be found all over the city — Tribeca is home to Flywheel Sports, SoulCycle, Crunch Fitness, Barry’s Bootcamp, Planet Fitness, Pure Barre, SLT Tribeca, a CrossFit gym, and other fitness centers.
Tribeca is also home to upscale eateries.
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The temperatures were in the low 80s during my tour of the neighborhood.
Katie Warren/Business Insider
Many people were taking advantage of the weather by eating and drinking outside.
I noticed people wearing a lot of stylish athleisure jumpsuits, summer dresses, and sneakers.
Katie Warren/Business Insider
I was also surprised by how many big dogs I saw in the neighborhood, given that New York City is home to some notoriously cramped apartments.
But considering the average income in the neighborhood is $879,000, I can also see how residents might have more disposable income to pay a place like PupCulture to walk their large dogs — and feed them CBD edibles.
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