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David Argento Commercial Real Estate Advisor New York

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Office Space - Herald Square, NYC

12-19-11
David Argento Commercial Real Estate Advisor New York

No, it’s not Times Square, but it is an intersection on Broadway that New York visitors might want to put on their checklist. Herald Square is on the intersection of Broadway and 34th Street but the views are not limited there – in fact, the Empire State Building looms no more than a block away.

Though HS has been popular for some time – it was mentioned in “Give My Regards to Broadway” some one hundred years ago – it is today well-known for its presence in the Macy’s Thanksgiving Day Parade, which is watched around the country annually.


Office Space - Herald Square, NYC

Office Space - Herald Square, NYC

HS could also be considered somewhat of a “twin” to the nearby Greeley Square, where a triangular park rests between West 33rd and West 32nd Streets. Several blocks north is the world-famous Times Square, but despite the close proximity the two squares could be considered different neighborhoods entirely. A short walk eastward will get you to the Empire State Building and a walk of a few blocks westward will put you in proximity to Madison Square Garden.

Despite its prime New York location, HS still maintains its own local identity – even if the New York Herald no longer exists there.


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Office Space - Diamond District, NYC

12-19-11
David Argento Commercial Real Estate Advisor New York

Located smack dab in Midtown Manhattan, the Diamond District reportedly does some $400 million in business on a daily – yes, we said daily – basis. It’s not hard to see why; located between Fifth Avenue and Sixth and on West 47th Street, the location of the DD is set up to be an ideal place for Midtowners to come and buy their jewelry. Yes, they really do sell a lot of diamonds in the DD.

The DD historically received a boost when Orthodox Jews were forced to flee the Netherlands and Belgium during World War II – it speaks to the appeal of the location that many of them simply stayed even after the war. This helped lead to the quick rise and development of the DD into what it is today.


Office Space - Diamond District, NYC

Office Space - Diamond District, NYC

With at least 2,000 businesses operating in the DD alone, its’ not hard to see why this neighborhood is so well known for its shopping. But it’s not general shopping: diamonds are the name of the game here. Some 90% of all diamonds that come to the U.S. come through New York – and it’s primarily due to the DD.

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Office Space - NoHo, NYC

12-19-11
David Argento Commercial Real Estate Advisor New York

NoHo stands for “North of Houston Street”.

It is located in the heart of Downtown Manhattan and its boundaries are roughly, Houston Street on the south, The Bowery on the east, Astor Place on the north and Broadway on the west.

Tucked in between the East and West Village, it is a desirable neighborhood because of its central location and loft style apartments.

One of the unique features of the area is the NoHo Historic District. Its approximate 125 buildings represent the development of New York City’s commercial architecture from the 1850’s to 1910.

Office Space - Noho, NYC

Office Space - Noho, NYC

To appreciate the areas many architectural gems, be sure to visit sites like Colonnade Row, DeVinne Press Building, Astor Library which is now the Joseph Papp Public Theatre, Fire Engine Company No 33 and of course the Merchant’s House Museum.

This neighborhood is filled with eateries and after hours spots of all kinds, these include, Five Points, Cuba, NoHo Star and Butter.
Because of its loft style apartments and location of NYU’s Tish School of The Arts, the neighnborhood has been a magnet for artists giving rise to such theaters as the Angelika Film Center and Astor Place Theatre.

It also plays host to the Annual NoHo Artwalk which showcases emerging artists along with the neighborhood’s many galleries.

Also a home of many writers, there are fabulous book stores to visit two of them being, Mercer Street Books and Shakespeare & Co.



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Office Space - Clinton, NYC

12-19-11
David Argento Commercial Real Estate Advisor New York

The neighborhood of Clinton is known by several names including the famed Hell’s Kitchen and Midtown West.

It is located between 34th Street and 59th Street and from 8th Avenue to the Hudson River.
This neighborhood’s gritty reputation kept real estate prices relatively low compared to the rest of Manhattan. Prices have jumped dramatically since the 1990’s and now boast some of most expensive in the city.
This was once a stronghold for the poor and working-class Irish Americans and is now home to many actors because of its proximity to the Broadway theatres and the Actors Studio.

Office Space - Clinton, NYC

Office Space - Clinton, NYC

Many famous actors and entertainers have called Hell’s Kitchen home including the likes of Burt Reynolds, Bob Hope, Madonna, James Dean and Jerry Seinfeld.

It has been called an actor’s neighborhood and for good reason with Manhattan Plaza, The Actor’s Temple and the many broadcast and music-recording studios that have call Hell’s Kitchen home.

Many of the ethnic conflicts that inspired such films and stories as West Side Story and Daymon Runyon’s stories came from this neighborhood.

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Office Space - Tribeca, NYC

12-19-11
David Argento Commercial Real Estate Advisor New York

South of Canal Street, between Broadway and West Street, and going south to Chambers Street, the “Tribeca” neighborhood is one of New York City’s most infamous, partially due to the presence of the Tribeca Film Festival, but primarily due to its cultural relevance.

Located on Manhattan’s lower side, the zip code of “10013” was ranked New York City’s most expensive by Forbes Magazine in 2006. This may have something to do with how many celebrities can afford to live there: reported residents include everyone from Billy Crystal to Meryl Streep. But even tourists don’t come to see celebrities; they come for a multitude of reasons.


Office Space - Tribeca, NYC

Office Space - Tribeca, NYC

One reason to come to this area is by traveling to Manhattan through the Holland Tunnel, which leads to Manhattan right through the northwest section of Tribeca. Ghostbusters fans come to the neighborhood to check out the famous firehouse used for the filming of that movie.

Of course, the Film Festival is one of the main reasons people come here every year, and its cultural relevance has risen since 2001 to even include video games like L.A. Noire.

The neighborhood’s history also dates far back to the origins of New York City, as it was one of the first areas outside the main city to be developed. Today, of course, it is almost completely developed.




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