$1,500,762Average Value$1,402Average Price per Sq Ft298Homes 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.
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 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.
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.
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.
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.
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.
The Financial District is the southernmost district in Manhattan.
South Street Seaport has no shortage of attractions, shopping, & events.
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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.
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
Drumgoole Plaza
Trails
Parking Lot
Battery Park
Bike Trails
Trails
Playground
Titanic Memorial Park
Trails
Mannahatta Park
Gwathmey Plaza
Picnic Area
Imagination Playground
Playground
Old Slip Park
Edgar H. Berger Plaza
Picnic Area
Queen Elizabeth II Garden
Picnic Area
Trails
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
4.211 Reviews
3.0Current Resident
5/3/2024Niche Review
grew up here, pretty good if u ask me. many trains nearby, very easy to commute anywhere. lots of good places to eat, and the seaport is right there so its a great place for walks and hanging out with friends.
4.0Niche User
5/21/2016Niche 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.
4.0Current Resident
4/27/2022Niche Review
I like the financial district because it is the typical fast paced environment New York City is know for during the day, however, quiet and more residential during the night. Not the best night life, but easy access to everywhere in New York City on Fulton Street.
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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
On average, homes in Financial District, Manhattan sell after 168 days on the market compared to the national average of 51 days. The median sale price for homes in Financial District, Manhattan over the last 12 months is $1,287,500, up 32% from the median home sale price over the previous 12 months.
Historic Elegance Meets Modern Luxury at 55 Wall Street, #700Experience the epitome of downtown luxury living in this exquisite 4-room, 1-bedroom, 1-bathroom residence at the prestigious 55 Wall Street, a landmark building dating back to 1834. Residence #700 seamlessly blends historic charm with contemporary updates, offering a truly unique and sophisticated living
Welcome to an exquisite duplex penthouse located on Broad Street in Manhattan's iconic Financial District. This modern masterpiece, crafted by renowned designer Philippe Starck, offers an elegant living experience that spans just under 3,000 square feet on the 39th and 40th floors. Revel in breathtaking water views and a mesmerizing city skyline from every corner of this luxurious
Are you ready for a private oasis in the sky in buzzy downtown?Located on the 43rd floor of the iconic Beekman Residences, this 2 bed, 2.5 bath luxury apartment boasts 1,625 square feet with 10’ ceilings and floor-to-ceiling windows that feature jaw-dropping views with north, west and south exposures. Catch the morning sunrise, the evening sunset or the City’s nighttime tapestry of
Industrial chic vibes abound in this unique and desirable home in the historic South Street Seaport.Residence 6B at The Walton Condominium boasts an expansive and open floor plan and in-unit washer and dryer. With tons of light, exposed brick walls, hardwood floors, and ample room for living and dining areas are only a few of the reasons this apartment is your best bet for your next home.
Welcome home to this graciously proportioned and thoughtfully designed apartment. Soaring 11' ceilings throughout the apartment create a grand living experience. Large windows throughout the apartment brighten up the space throughout the year. The generously proportioned entry foyer has been outfitted with a home office. As one enters the living space, the renovated open kitchen which features a
Luxurious 1BR/1BTH Residence with Harbor Views at 50 West StreetWelcome to a world of elegance and serenity high above the city, in this sun-drenched, south-facing one-bedroom, one-bathroom residence at the prestigious 50 West Street—one of Downtown Manhattan’s most luxurious condominiums.Spanning nearly 1,100 square feet, this thoughtfully designed home is framed by
"**Can be delivered furnished OR unfurnished.** You ll instantly feel as if you ve arrived home each time you return to this beautifully renovated LOFT style condo in the heart of the Financial District. This apt can be delivered either furnished or unfurnished. Two oversized windows and the 10 8"" beamed ceilings provide character and charm, and make this home feel extra spacious.
Thomas Hollingsworth
Compass
(888) 782-2650
$7,950 per month
2 Beds
2 Baths
1,263 Sq Ft
This awesome 2 bedroom apartment has your name on it!It measures 1,263 sq ft, but seems larger because of the 9’6" high beamed ceilings and huge expanse of entry hall, kitchen and living room. Closet space is fantastic and it comes with a private storage room on the floor! The large open kitchen is perfect for casual entertaining and gourmet creativity. And the extra wide plank
"Come Home to the South Star in the heart of the Financial District. This renovated 2 bed/2 bath home has a split design with BOTH bedrooms enjoying en suite bathrooms! Soaring 10'8"" beamed ceilings and 5 oversized south facing windows make this home feel extra airy and bright. The Brazilian Cherry floors add a special warmth. The top-of-the-line separate Kitchen features Granite
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.
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.
