Manhattan NY Real Estate

One of the most popular tourist destinations in the United States is Manhattan NY. It is the smallest, but also the most densely populated borough of New York City with an estimated population of over 1,634,795 residents. It is located right on Manhattan Island and is also known as New York City. Manhattan real estate is one of the most sought after investments in the world. The city is spread across an area of 22.96 square miles and is considered as the commercial, financial, and cultural capital of United States and maybe even the world. Manhattan is home to the NASDAQ and the New York Stock Exchange (NYSE).

Manhattan has many tourist attractions, museums and famous landmarks such as the Brooklyn Bridge, Bell Laboratories Building, Carnegie Hall, Central Park, Chrysler Building, Empire State Building, and Grand Central Terminal, among others. Manhattan is also famous for the Twin Towers of the World Trade Center that were destroyed in a terrorist attack on September 11, 2001. The headquarters of United Nations is located in Manhattan. The city is a center for employment, business and entertainment activities. Since the end of 19th century skyscrapers have shaped Manhattan’s distinct skyline and have been closely identified with New York City.

Manhattan NY real estate comes in a variety of options from modest studios to grand penthouses, and everything in between. Manhattan’s many neighborhoods showcase unique characteristics. SoHo, acronym for “South of Houston” is a well-known commercial and an upscale shopping area. The neighborhood of Chelsea has a large gay population and has recently transformed itself into New York’s art industry center and offers great nightlife. Washington Heights on the other hand is a lively neighborhood having many Dominican Republic immigrants. The Upper East Side, which is one of the richest neighborhoods in the country and its old money and conventional values contrasts with the intellectual and creative mass of the Upper West Side.

Manhattan has a humid subtropical climate. Being a coastal area, the temperature is relatively warm as compared to the inland regions during the winter season. The average amount of snow that the city receives varies between 25 to 35 inches each year. The recorded temperatures in the region have been as high as 106°F and as low as -15°F.

If you are looking to purchase in the Manhattan area, it is recommended that you gain the assistance of a Manhattan realtor. A local realtor has extensive knowledge of the city, and surrounding areas which can prove to be invaluable when locating the right property for you.