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Financial District

Financial District

Neighborhood Reviews
4.2
$1,399,390 Average Value
$1,428 Average Price per Sq Ft
272 Homes For Sale

Business meets pleasure in this increasingly residential neighborhood

The Financial District has been a hub for banking and business almost from the moment Manhattan was founded. Its sidewalks still teem with financial workers, who rush down Wall Street, past the Charging Bull and Fearless Girl statues, all under New York City's tallest building, One World Trade Center. The area was deeply damaged by the September 11 attacks, but with government and private investment a slew of new condominiums and converted historic buildings mean more people are calling FiDi home. “The neighborhood has truly gone through a complete revitalization,” says Corey Wecler, a licensed associate real estate broker with Compass who’s been selling properties in the neighborhood since 2003. “Most of what exists today in the form of shopping, restaurants and neighborhood amenities has been a result of everything that's taken place over the course of the last 15 to 20 years.” On-trend shopping and dining draw people from across the city, an easy trip because most of NYC's subway lines converge there.

“It’s a major selling point,” Alexis Gandelman, a broker with City Connections Realty, says of the transit options. “No matter where somebody needs to go [in the city], there’s a subway within a two-block radius.” Plus, “It’s old, but with a modern twist and very charming,” she says about the neighborhood, adding that many people also move downtown for its quality of life. This includes waterfront proximity, numerous parks, year-round community events and cleaner streets. “You’re in the city, but it feels like you’re not in the city.”

The famous Charging Bull in the heart of FiDi is visited by many travelers.
The famous Charging Bull in the heart of FiDi is visited by many travelers.
When visiting the Financial District in NYC, one can certainly feel its energy.
When visiting the Financial District in NYC, one can certainly feel its energy.
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Condos in FiDi offer extensive amenities

New luxury high rises are fast joining the many landmark buildings converted into amenity-laden condos. Wecler cites 15 Broad Street, designed by Philippe Starck, as one of the first large-scale conversion projects that helped transform the neighborhood. Many others have followed, including One Wall Street, a former bank headquarters in an Art Deco skyscraper. New condo buildings have also been popping up, like 130 William, a 66-story building noted for its dramatic arched windows. “The buyer who ends up purchasing in the Financial District is often somebody who values space over all other priorities in their search,” says Wecler. And buyers don’t have to resign themselves to conventional architecture. “It’s not cookie cutter down there,” says Gandelman, noting that condo conversions work with existing floorplans. As an example, she mentions how there are some Flatiron-style buildings, which many buyers don’t realize.

Prices start around $500,000 for a studio, although the median price for a 1-bedroom unit is closer to $1 million. Average home values are about twice that of the New York metro area. Even if the buildings are older, the office conversions mean that residences tend to be newer than other parts of the city. Those buildings tend to offer high-end amenities, like squash courts and screening rooms. More than 60 percent of the neighborhood buildings remain offices, and most residents of FiDi are renters.

The distinguished condo One Wall Street with ornate Art Deco styling.
The distinguished condo One Wall Street with ornate Art Deco styling.
The Financial District features towering new buildings.
The Financial District features towering new buildings.
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Established haunts and newcomers like Printemps

For leisure, trendy new eateries have joined classic spots like Delmonico’s, considered the first fine-dining restaurant in the U.S., and Stone Street, the city’s oldest nightlife district. “A lot of people think the Financial District dies after working hours, and that’s simply not the case,” says Gandelman. “It’s a very fast-growing residential neighborhood and after hours you see people with their kids and dogs.” Eataly Downtown, a bread-focused version of the popular Italian market and food hall, and the Alamo Drafthouse, beloved for movies with a meal and cocktails, draw visitors from across the city. In nearby South Street Seaport, the Tin Building features a dozen dining and drinking options. And Brookfield Place, in neighboring Battery Park, is a mixed-use complex with food courts, a seasonal ice-skating rink and family-family events. High-end French department store Printemps is slated to open in the One Wall Street building in 2025, which now houses a new two-story Whole Foods and a Life Time Fitness. Gandelman notes that Battery Park City is close for more restaurants, bars and events.

Also of note, the iconic Trinity Church was founded in 1697, although the current structure dates back to 1846. (Previous iterations were destroyed first by fire, then by snow.) Tourists flock to this Neo-Gothic church for its architecturally impressive features, newer stained-glass windows and historic cemetery, where the famed Alexander Hamilton rests in peace with his immediate family. Locals can attend regular services and an ongoing event series offering concerts and talks.

Eataly serves up traditional Italian dishes for lunch & dinner at Eataly.
Eataly serves up traditional Italian dishes for lunch & dinner at Eataly.
Built in 1846, Trinity Church is an iconic building in the Financial District.
Built in 1846, Trinity Church is an iconic building in the Financial District.
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Green space surrounded by views

There is a good amount of green space to be found, mostly along the waterfront. The 11-mile Hudson River Greenway along the western edge offers biking and running on the water and the Battery at the southern tip of the island has a promenade and views. Smaller parks and dog parks are dotted throughout, including Zuccotti Park — once home to the Occupy Wall Street movement — and Imagination Playground with a sandbox and splash pad. The East River Park is undergoing a significant revitalization, with a new esplanade that will include re-landscaped paths and flood protections.

Liberty Park is directly across from World Trade Center in the Financial District.
Liberty Park is directly across from World Trade Center in the Financial District.
Nestled in the Financial District of New York lies the picturesque Battery Park.
Nestled in the Financial District of New York lies the picturesque Battery Park.
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Subways, commuter lines and ferries are never far

Almost every subway line converges in FiDi, providing easy access to the rest of the city. The Oculus, a main transportation hub at World Trade Center, offers 12 lines and PATH trains to New Jersey; the Fulton Center is another hub. Ferries offer service to Brooklyn, Queens, Staten Island and more.

Pier 11 connects the Financial District with the rest of the city via ferries.
Pier 11 connects the Financial District with the rest of the city via ferries.
The Oculus is a commuter hub near the Financial District.
The Oculus is a commuter hub near the Financial District.
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Highly rated public and private schools

New York City offers an array of school choices to residents. Public schools in the neighborhood include PS 234 Independence School, which serves Kindergarten to Grade 5 and features an A rating from Niche, and PS 397 Spruce Street School, which has a middle school program that emphasizes math and science and earns an A from Niche. Millennium High School is a highly selective public school that US News ranks highly for the city and gets an A grade from Niche. Stuyvesant High School, located in Battery Park City, is regularly ranked as one of the best in the country. For private, Léman Manhattan Preparatory School is an International Baccalaureate school serving pre-K to 12th grades.

A view of Millennium High School.
A view of Millennium High School.
The A-rated Spruce Street School is located off Spruce Street near City Hall.
The A-rated Spruce Street School is located off Spruce Street near City Hall.
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Flooding can be a problem

Part of FiDi’s southern and eastern sections are in flood zones and were directly affected by Superstorm Sandy in 2012. Many buildings have since addressed future flooding concerns.

Crime is below-average to average

Crime is mostly below-average to average for a city neighborhood, with robbery and larceny scoring slightly above average.

Meredith Rosenberg
Written By
Meredith Rosenberg
Franklin Abreu
Photography Contributed By
Franklin Abreu
David Strayer
Video By
David Strayer

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Wesley Stanton, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Laguardia

23 min drive

Subway

Rector Street (1 Line)

Subway

Fulton Street (J,M,Z Line)

Subway

World Trade Center

Subway

Rector Street (N,R Line)

Subway

South Ferry

Subway

Whitehall Street-South Ferry

Subway

Bowling Green

Subway

Broad Street

Subway

Wall Street (2,3 Line)

Subway

Wall Street (4,5 Line)

Subway

Broadway-Nassau Street

Subway

Fulton Street (4,5 Line)

Subway

Cortlandt Street (R Line)

Subway

Fulton Street (2,3 Line)

Bus

Fdr & Battery Pl

Bus

West St & Morris St

Bus

Trinity Pl & Thames St

Bus

Park Row & Spruce St

Bus

Church St & Vesey St

Bus

Water St & Coenties Slip East

Bus

Frankfort St & Pearl St

Reviews

Niche Reviews
4.2 13 Reviews
5.0 Current Resident
6/12/2022 Niche Review
I love the seaport area. There are many local and unique shops, pier 17 restaurants on the water, outdoor movie screenings, summer rooftop concerts and pop up art installations year round.
4.0 Niche User
5/21/2016 Niche Review
I love living in the Financial District. I always have access to any part of the city. Almost every subway line stops through Fulton Station. The area is super safe, and I have never felt threatened coming home. There are three grocery stores walking distance, and many give student discounts. It's a younger crowd living in this area because Pace University is right here.
4.0 Current Resident
2/16/2025 Niche Review
Financial District is a very safe neighborhood. It feels very nice and there is a lot of people here who walk around. It a big city space with lots of finance companies. There's also lots of food and stores here. Sometimes it's a little pricey and boring at times. But it is still a very nice neighborhood to grow up in.
5.0 Current Resident
1/3/2019 Niche Review
It is great. there are a lot of sights to see. I like all the stores that I can shop. It is where I call home. It is my part of the city.
Are you familiar with the Financial District neighborhood? to let others know what life in this neighborhood is like.

Crime and Safety

1 - Low Crime, 10 - High Crime Financial District US
Homicide 1 4
Sexual Assault 5 4
Assault with Weapon 3 4
Robbery 6 4
Burglary 4 4
Motor Vehicle Theft 1 4
Larceny 6 4
Crime Score 4 4

Source: WhatIsMyCrimeRisk.com

Financial District Demographics and Home Trends

Housing Trends

Median List Price
$1,415,000
Median Sale Price
$1,360,000
Median Single Family Sale Price
$650,000
Median Townhouse Sale Price
$1,253,750
Median 2 Bedroom Sale Price
$1,775,000
Median Change From 1st List Price
4%
Last 12 months Home Sales
360
Median Home Sale Price YoY Change
39%
Average Price Per Sq Ft
$1,428

Neighborhood Facts

Number of Homes in Neighborhood
4,756
Number of Homes for Sale
272
Median Year Built
1933
Months of Supply
9.10
Average Single Family Home Size Sq Ft
2,251
Above the national average
1,924
Average Townhouse Size Sq Ft
1,203
Average 2 Bedroom Size Sq Ft
1,395
Average 1 Bedroom Size Sq Ft
870
Average Studio Size Sq Ft
615

Open Houses

  • Sunday, Sep 7
    1 - 2pm

    55 Liberty St Unit 17C, New York, NY 10005

    $475,000

    • 1 Bed
    • 1 Bath
    • 800 Sq Ft
    • 55 Liberty St
    • Unit 17C

    COME BY ANYTIME FOR THE OPEN HOUSE. NO APPOINTMENT NECESSARY. MOVE-IN READY - GREAT LAYOUT! Residence 17C is an 800 gross square foot, one bedroom and one bathroom loft home, with western exposures allowing for afternoon sunlight and city views. This one of a kind apartment has nice finishes with a great layout, and ready for immediate occupancy. You have arrived into the proper

    Richard Rothbloom Brown Harris Stevens Residential Sales LLC

    Section Image
  • Wednesday, Sep 3
    4 - 6pm

    25 Broad St Unit 5-G, New York, NY 10004

    $895,000

    • 1 Bed
    • 1 Bath
    • 721 Sq Ft
    • 25 Broad St
    • Unit 5-G

    One-Bedroom / One-Bath Condo: Experience urban elegance at The Broad Exchange Building. This iconic landmark offers a unique combination of timeless charm and contemporary luxury. With expansive layouts, refined finishes, and world-class amenities, our condominiums provide the perfect setting for a sophisticated Manhattan lifestyle. No wonder 25 Broad is considered one

    Shlomi Reuveni Christies International Real Estate Group LLC

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  • Sunday, Sep 7
    12 - 1pm

    123 Washington St Unit 52D, New York, NY 10006

    $1,750,000

    • 2 Beds
    • 2 Baths
    • 1,023 Sq Ft
    • 123 Washington St
    • Unit 52D
    • New 10 hours ago

    Welcome to Residence 52D at 123 Washington Street – A Stunning High-Floor Home at the Coveted W Hotel & ResidencesThis exceptional two-bedroom, two-bath residence on the 52nd floor offers a rare opportunity to own a strikingly modern home in one of Manhattan’s most iconic full-service buildings. Whether you're a first-time buyer, a savvy investor, or a parent seeking a secure, high-end

    Eyal Zabari Compass

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Condo Buildings

Interested in learning more about homes in this area? Reach out to Wesley Stanton, an experienced agent in this neighborhood.

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
33,869
Median Age
34
Population Density
116 ppl/acre
Population under 18
19.3%
On par with the national average
23.8%
Population over 65
7.4%
Below the national average
19.1%

Finances

Median Household Income
$173,904
Significantly above the national average
$71,702
Average Household Income
$192,972

Education and Workforce

High School Graduates
97%
College Graduates
86.2%
Significantly above the national average
34.1%
Advanced Degrees
35%
Above the national average
13.3%
% Population in Labor Force
83.9%

Weather

Annual Precipitation
50''
Average Winter Low Temperature
28°F
Average Summer High Temperature
85°F
Annual Snowfall
2''

Area Factors

Very Bikeable

Bike Score®

83 / 100

Walker's Paradise

Walk Score®

100 / 100

Rider's Paradise

Transit Score®

100 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Financial District