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    Midtown West

    As part of the heart of the city, Midtown West has a tremendous amount of real estate value, with greater affordability than one may assume. With attractions such as Times Square, the Garment District, the Theatre District, the Diamond District, Rockefeller Center, and Madison Square Garden, there is never a lack of activity. Restaurant Row offers a number of fine dining experiences to entice your palate, while the New York Public Library serves as a haven for literature lovers; equipped with an outdoor reading area in Bryant Park, it is the perfect place for people watching as well.

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    Battery Park City

    Battery Park City is probably the closest thing to a "suburban" lifestyle that Manhattan has to offer. Because of its relative newness, Battery Park City is more in-tune with the sensibilities of the modern urban dweller, boasting trees and river views along the Hudson River esplanade that offer a bit of nature to its residents. The bustling neighborhood quiets at night, offering residents the qualities of suburban living with the conveniences of living in close proximity to the amenities of urban life.

    Located on the western most tip of Lower Manhattan, close to the Financial District and other Manhattan landmarks of commerce and knowledge, Battery Park City has much to offer to Wall Street aficionados and young families alike. Community hotspots include a public swimming pool, and tennis and basketball courts at Stuyvesant High School, the Museum of Jewish Heritage, Wagner Park, Battery Park and the Hudson River esplanade.

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    Tribeca

    TriBeCa is actually an acronym for "Triangle Below Canal" - TriBeCa. Since the 1970s, Tribeca has experienced a renaissance, as artists, retailers, and even families, have populated the neighborhood's large warehouse buildings and lofts. The area’s cobblestone streets, impressive warehouse buildings, and world-class dining, uniquely blend the old and new.

    Virtually uninhabited less than twenty years ago, TriBeCa has become one of the hottest real estate areas in Manhattan. Struggling artists flocked to TriBeCa when the rent in SoHo became too high. With a similar building makeup (low-rise cast iron buildings with large windows and interior walls), TriBeCa quickly became the interest of professionals and businesses alike. Although TriBeCa is home to artists, celebrities and industrial types, it is also an ideal place for family living. With fewer tourists than SoHo, but with the similar building layouts and spacious designs, families have discovered TriBeca to be the perfect blend of convenience and location.

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    Clinton Hill

    Clinton Hill’s restored townhouses and mansions hint to an era during the 1840s in which the neighborhood served as playground for some New York City’s wealthiest residents. The Pratt Institute of Art (the neighborhood’s pride) has not only left an artistic imprint on Clinton Hill, it has also welcomed much desired residential and commercial development. Local markets and the area’s ethnic diversity add to Clinton Hill’s appeal. Although the limited subway options have deterred some Manhattan professionals from relocating, developers are hoping to lure them with new condo high-rises.

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    Noho

    With its thriving young businesses, historic cobblestone streets, and developing high-end luxury buildings, Noho-Nolita is quickly garnering the same attention as Tribeca-Soho, minus the tourist influx.

    In the second half of the 1990s (during the dotcom boom), the neighborhood saw an influx of young urban professionals and an explosion of expensive retail boutiques, luxury apartments, and trendy restaurants and bars. Having unsuccessfully pitched the neighborhood as part of SoHo, real estate promoters originated several suggested names for this newly upscale neighborhood; the moniker Nolita (an abbreviation for North of Little Italy(or NoHo) stuck. This name follows the pattern started by SoHo (South of Houston Street), and later followed by TriBeCa (Triangle Below Canal Street), among others.

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NYLS BLOG 6/22/2009

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BLUE BLOOD ON THE BEACH-HAMPTON’S FORECAST

The average sales price in the Hamptons and in the nearby North Fork market plunged 36 percent from a year ago and 25 percent from the fourth quarter to $1.1 million in the first quarter, and the number of sales were down by half year-over-year, acc

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