I know the Riverhouse and the area very well. Situated next to Tribeca, you are right next to everything you really need. The park and all it offers (view, activities, beautiful open space, playgrounds) are unsurpassed. The taxes in the area go to the upkeep of the neighborhood and the security... you actually SEE where your taxes go and can directly benefit. The PILOT charge may be disturbing to people but your price per square foot is lower than in the comparable neighborhoods. Additionally, if you have children, do your research on the schools in the area. They are top notch!