TriBeCa literally stands for “The Triangle Below Canal Street” and stretches south to Chambers Street, west to the Hudson River east to Broadway and north to Canal Street.
TriBeCa was once NYC’s industrial hub with its cast iron warehouses. Developers have long since converted many of its buildings to luxury condominiums and lofts. Originally sought after by artists, now the area is in high demand by celebrities, financial execs and the like. Every spring The TriBeCa Film Festival draws movie industry aficionado’s from around the world. West Broadway and Hudson Street have scores of world class restaurants including Nobu, Mr. Chow and Ninja.
TriBeCa is less populated than other Manhattan neighborhoods with approximately 20,000 residents. Prices reflect the demand and supply imbalance with rentals averaging $5,000 and sales in the multimillion dollar range.