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Manhattan neighborhood tiering

Started by inonada
over 13 years ago
Posts: 7952
Member since: Oct 2008
Discussion about
Rather than pollute the Dakota thread, I thought it'd be better to duke it out here. I'll copy my post from the other thread momentarily.
Response by inonada
over 13 years ago
Posts: 7952
Member since: Oct 2008

1st: on Central Park, Park Ave, name buildings in top locations like Meier in the West Village, etc. that command $2000+ ppsf

2nd: prime neighborhoods like UWS, UES, Village, Tribeca, Soho, Chelsea, etc.

3rd: sub-prime neighborhoods like Midtown East, Hell's Kitchen, Yorkville, hipper parts of East Village & LES, Manhattan Valley, etc.

4th: Chinatown, rest of East Village & LES, Hamilton Heights, etc.

5th: some places probably fall into this category, but I don't know enough to say specifically

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Response by inonada
over 13 years ago
Posts: 7952
Member since: Oct 2008

huntersburg
8 minutes ago
Posts: 7816
Member since: Nov 2010
stop ignoring this person
report abuse

> "third tier" location?

Uh oh, everyone check their location to make sure its inododo approved:

Please tier the following locations:

PCV
West 67th
Upper East
Fifth Avenue at 100th
Fort George
Midtown East
Sutton Place
Financial District

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Response by alanhart
over 13 years ago
Posts: 12397
Member since: Feb 2007

Is Hamilton Heights even in Manhattan???

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Response by inonada
over 13 years ago
Posts: 7952
Member since: Oct 2008

My replies:

PCV => 4th
West 67th => 2nd
Upper East => 2nd
Fifth Avenue at 100th => 2nd if apt is on park
Fort George => 4th
Midtown East => 3rd
Sutton Place => 3rd
Financial District => 3rd

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Response by alanhart
over 13 years ago
Posts: 12397
Member since: Feb 2007

And surely BPC doesn't get lumped with TriBeCa; the Trump Slump adjacent to Lincoln Towers doesn't get included with the real UWS. I'd call them both 4s, albeit near the 3 cusp.

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Response by RealEstateNY
over 13 years ago
Posts: 772
Member since: Aug 2009

Your comparing Sutton Place with Manhattan Valley & Lower Eastside?? LOL!

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Response by JButton
over 13 years ago
Posts: 447
Member since: Sep 2011

1. I agree
2. UES park av and west, UWS 72nd and south, Village, Tribeca Soho
3. Chelsea, East village, Hells kitchen, UES (non yorkville), UWS rest
4. BPC, Financial district
5. Midtown east (sutton place), Yorkville

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Response by alanhart
over 13 years ago
Posts: 12397
Member since: Feb 2007

We need to distinguish between the 1920s apartment buildings and townhouses ON Sutton Place, and the hangers-on newer buildings there, and in the surrounding blocks.

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Response by bjw2103
over 13 years ago
Posts: 6236
Member since: Jul 2007

'nada, what's the tiering based on? Pricing? Desirability? Odor?

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Response by inonada
over 13 years ago
Posts: 7952
Member since: Oct 2008

"And surely BPC doesn't get lumped with TriBeCa; the Trump Slump adjacent to Lincoln Towers doesn't get included with the real UWS. I'd call them both 4s, albeit near the 3 cusp."

I'd put BPC and the "Slump" at 3rd personally.

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Response by inonada
over 13 years ago
Posts: 7952
Member since: Oct 2008

RENY: "Your comparing Sutton Place with Manhattan Valley & Lower Eastside?? LOL!"

Sure. JButton put it two notches below East Village and Hell's Kitchen, a notch below BPC and FiDi. I'd lump them altogether personally, but that's how he sees it.

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Response by inonada
over 13 years ago
Posts: 7952
Member since: Oct 2008

bjw>> 'nada, what's the tiering based on? Pricing? Desirability? Odor?

Tiering is based upon snootiness.

That way, people who make elitist remarks about others' locations may come here and see how their own glass homes stack up in the eyes of others. If you are not in the top tier, then you can see that you are an idiot for thinking you have the "right" to be elitist. And if you are in the top tier, then you can comfort yourself in the knowledge that you are not an idiot, but merely classless.

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Response by West34
over 13 years ago
Posts: 1040
Member since: Mar 2009

Re : people who make elitist remarks about others' locations may come here and see how their own glass homes stack up in the eyes of others...

But just to be clear, we can all make elitist remarks about Washington Heights, right?

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Response by alanhart
over 13 years ago
Posts: 12397
Member since: Feb 2007

Correct. And East New York. And West New York, NJ too.

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Response by RealEstateNY
over 13 years ago
Posts: 772
Member since: Aug 2009

inonada: check out a real rating system as opposed to one you just made up.

http://nabewise.com/nyc/sutton-place

http://nabewise.com/nyc/manhattan-valley

http://nabewise.com/nyc/lower-east-side

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Response by bjw2103
over 13 years ago
Posts: 6236
Member since: Jul 2007

West34, that kind of feels like piling it on, don't you think? In which case, I say, keep at it!

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Response by FreebirdNYC
over 13 years ago
Posts: 337
Member since: Jun 2007

Plenty to disagree with on this thread, but I'll weigh in just with respect to sub-rankings within UWS. I think sub-72 is in a lot of ways less "prime" than the 70s and lower 80s. 60s and 71-72 have a lot more "big box" stores and chains, more crowds, less trees, worse access to Riverside Park, worse groceries (unless you can handle Whole Foods TWC being your grocery), etc. Additionally, the "fanciest" new projects (Apthorp and Laureate) are in the mid-high 70s. I'd throw out the following:

1) 72nd to 82nd (Closer to CPW the better except for Hudson-View on Riverside)
2) 65th to 72nd East of Broadway
3) 82nd to 86th+
4) 65th to 72nd West of Broadway including Trumps
5) Low 60s including Lincoln Towers and buildings west of Lincoln Center

Not ranking separately the upper-UWS (86+) since feels like different submarket. Thoughts?

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Response by jason10006
over 13 years ago
Posts: 5257
Member since: Jan 2009

Is it not easier to just base it on ACTUAL household income stats by zip or PPSF stats? That seems pretty objective. I would take that over any of the above random, subjective rankings.

For example: http://www.propertyshark.com/Real-Estate-Reports/2012/05/04/most-expensive-nyc-neighborhoods-in-q1-2012/

or http://www.millersamuel.com/charts/manhattan-price-per-square-foot-by-zip-code

or http://wealth.mongabay.com/cities/NEW_YORK.html

These are DEFINITIVE. Richest areas, most expensive areas. By zip. All the rest is jibber-jabber.

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Response by huntersburg
over 13 years ago
Posts: 11329
Member since: Nov 2010

>All the rest is jibber-jabber.

We have our own Mr. T here on streeteasy.

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Response by alanhart
over 13 years ago
Posts: 12397
Member since: Feb 2007

The "it" here is neither income nor ppsf. Just as the "it" girl wasn't the highest income or most expensive per pound.

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Response by inonada
over 13 years ago
Posts: 7952
Member since: Oct 2008

RENY: check out a more definitive rating system, asking ppsf on SE.

Sutton Place: $809 ppsf
Manhattan Valley: $779 ppsf
LES: $661 ppsf

Note how I classified the hipper parts of LES (a small fraction) in tier 3, while putting most of it in tier 4.

Why don't you give a full set of tiers as you see it, I'm curious where you have things placed.

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Response by inonada
over 13 years ago
Posts: 7952
Member since: Oct 2008

Others I place in tier 3:

Yorkville: $856 ppsf
Hells Kitchen: $1191 ppsf
Midtown East: $908 ppsf

If anyone should be complaining, it is the HKers.

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Response by Brooks2
over 13 years ago
Posts: 2970
Member since: Aug 2011

RENY
1. Home Depot
2. Dry cleaner
3. Bodega
4. Bank( Chase or TD)

Or something similar.

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Response by jason10006
over 13 years ago
Posts: 5257
Member since: Jan 2009

I think RENY and I have it correctly - the only OBJECTIVE way is too look at actual stats.

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Response by Brooks2
over 13 years ago
Posts: 2970
Member since: Aug 2011

His tiering ranks with proximity of above in that order. My guess

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

Suggest we update the rankings to account for Eataly in Flatiron: http://streeteasy.com/nyc/talk/discussion/34911-flatiron-inventory

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Response by Bernie123
over 12 years ago
Posts: 281
Member since: Apr 2009

Can you guys focus on something less subective and determine which is better, chocolate or vanilla ice cream?

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