SoHo, TriBeCa priciest U.S. neighborhoods

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SoHo, TriBeCa priciest U.S. neighborhoods

United Press International | Monday, January 3, 2005 5:00 a.m.

The Manhattan areas of SoHo and TriBeCa are now the most expensive neighborhoods in the country in which to rent an apartment. A loft with the square-footage equivalent of a three-bedroom unit in the trendy area now rents for more than $6,000 a month, the New York Post reported. Across Manhattan, prices for the smallest lofts have increased by 22 percent since 2003, averaging $1.5 million. Large lofts now average $2.9 million, up 35 percent since 2003. The average price of a townhouse below 14th Street has gone up 49 percent in two years, up to $4.7 million. © Copyright 2005 by United Press International

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