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This area that stretches West of Fifth Avenue from 23rd Street to 14th Street contains some of the most beautiful Loft buildings in Manhattan, and the list keeps growing as new developments emerge. Now with all services, restaurants, shops and food stores, this area has experienced some of the largest gains in value in recent years. With Chelsea expanding north into the Floral district, this neighborhood is unique in it’s eclectic mix of residential and commercial buildings, townhouses and rental apartment buildings.
East Village
The eastern side of Greenwich village, below 14th street, north of Houston Street and generally East of Second Avenue is comprised mostly of town-house and brownstone style apartments. The Commerical Buildings that exist here make for superb loft applications and there are several Loft buildings in this area that are in huge demand, especially by the young, creative, sometimes bohemian New Yorkers.
Financial District
South of Tribeca and Chinatown, this area has a unique mix of residential and commercial office space, housing the financial center of the city. Although unappealing at one time due to it’s lack of after-hours services and amenities, this neighborhood is gaining momentum amongst young buyers seeking large space that is priced often lower than Soho/Tribeca/Greenwich Village. As more residents move in, so too do the services they demand, and with it’s close proximity to Tribeca (Also adjoining Battery Park City to the West), the evolution into a full-service neighborhood is imminent.
Flatiron District
Named after it’s namesake building at the intersection of 23rd Street and Fifth Avenue, South of Madison Square park in the heart of Silicon Alley, the high-tech hub of Manhattan, this area has arguably the most important architectural gems of Luxuryloft living in New York. Convenience-wise, it is unrivaled, with easy access to all public transportation, Madison Square Park, Union Square, Lower Fifth Avenue shopping, the Broadway corridor of shops and services, and restaurants, food stores and other delights. Most of the loft buildings here are Co-op buildings and some afford views combined with the volume of space that makes loft-living so appealing. Most of the loft buildings do not have a doorman.
The park itself is surrounded by historically important apartments: In this area are a few loft buildings too, especially on the Park Avenue South side. Every conceivable consumer amenity is easily accessed, but direct Park views are extremely rare from the loft-style apartments.
Greenwich Village
The heart of Downtown, rich in history, and especially noteworthy for it’s beautiful rows of townhouses and stately pre-war buildings, this area spans the region south of 14th Street, yet North of Houston Street, and West of Third Avenue. Historic land-marking has limited the height of any new construction, thus protecting for the light exposures, the envy of other parts of Manhattan. Every conceivable restaurant, service, school, sport and entertainment facility makes this one of the most desirable areas of New York. Many loft buildings exist here, mostly in pre-war buildings. The West Village has the added attraction of the new Hudson River park that stretches all the way from Battery Park City at the Southern tip of Manhattan all the way up the West Side, adding and enhancing the natural beauty of the Village.
Murray Hill
North of 23rd Street, and south of 57th Street, this area has it's highest concentration of lofts to the South. Some of them are truly magnificent. The neighborhoods vary, but offer most consumer conveniences. The 'nomad' part of this area close to Madison Square Park has some of the best lofts: the area combines residential and commercial and boasts some fine restaurants and hotels.
Considered by many to be the ultimate luxuryloft neighborhood (South of Houston Street), and historically important because of it’s original designation as an artist’s area, some of the world’s most exquisite Lofts exist here. A vast number of new developments, along with the evolution of Soho as Downtown Manhattan’s premiere shopping district have made this Super-Prime real estate, commanding the highest prices of lofts in the New York market! Cobbled streets, architecturally important buildings and a mix of residential and commercial unlike any other neighborhood, makes Soho a luxuryloft-seeker’s dream. Lofts in this area are more appealing for their space and detailing: Views are rare and expensive.
The TRIangle BElow CAnal is undergoing a total revolution: It’s most famous resident was John F. Kennedy Junior, which highlights this area’s appeal to Uptown buyers. New developments, of which there are many, combine all the elements of luxuryloft living. Existing lofts are also in abundance. There are very few ‘regular’ style apartments here. The influx of beautiful retail stores combined with the growth in fine restaurants and food stores, make this one of the leading downtown neighborhoods for luxuryloft dwellers. Especially noteworthy for it’s large lofts, many of them affording some views, new construction is also evident. This area also belongs to one of Manhattan’s best public school systems.
Upper East Side
Best known for it’s collection of high-rise structures, Park Avenue and Fifth Avenue luxury co-ops, and the shopping mecca of New York, this area has very few Loft-style apartments. With the ‘next generation’ buying homes and starting families, the appeal of loft-style living within the context of an apartment is growing. The amenities, services and luxury features of these buildings are the source of inspiration to many downtown luxuryloft developers.
Upper West Side
The multitude of imposing pre-war co-op’s, condominiums, high-rises, townhouses and brownstones, bracketed by Central Park and Riverside Park, make The Upper West Side one of the most appealing New York neighborhoods. There are very few Lofts, although several apartments have been decorated and configured to emulate Downtown lofts. The feeling of big open space will always be considered a luxury in Manhattan. Services, amenities and public transportation are naturally outstanding.
West Village
A recent revolution has converted this once strictly industrial meat-packing area into the hottest neighborhood, south of 14th Street and West of Eighth Avenue. With some of the best and most exciting restaurants, art galleries, retail and food stores, the cobbled streets and proximity to the Hudson River Park make this a truly vibrant neighborhood. Several loft buildings exist here, with many yet to be converted. At one time, this area was sought out for bargains: Those days are over!
Prudential Douglas Elliman
All information regarding a property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.

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