On the contrary, the price per square foot in the Financial District/Lower Manhattan area is much lower than other neighborhoods. While other neighborhoods are able to sell at $1500-$2000 per square foot, the Financial District is averaging about $1100-$1200 per square foot. Battery Park City's average price per square foot is about $1250 for new developments and much less for re-sell properties. $1550 per square foot is an extreme figure and even the most luxurious developments have units that can be purchased for less than $1500 per square foot. When Silverstein completes his Four Seasons at 99 Church, maybe we'll be able to sell at that price point. For now, the Financial District is a great place to call home for a fraction of what you would pay to live in a similar building uptown. - Mon Mar 3 2008, 11:16
This is a question that many clients ask. I always recommend that professionals working in Manhattan should also live here. If you're looking for peace and quiet and after a long day's work, I think the best neighborhood for you would be Battery Park. You have the ultimate convenience of walking to work, but the calm tranquility of water views and quiet nights on the esplanade. - Mon Aug 27 2007, 14:42
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.