THE CENTER OF THE WORLD
Manhattan is located at the mouth of the Hudson River, and is one of five boroughs that comprise New York City. It’s the smallest and most densely populated borough in the city of New York, with 72,000 people per square mile, and 1.6 million people who live and work on the island of Manhattan. Many say it’s the financial and cultural center of the world, and three million people commute into the city every day.
Though it’s almost impossible to imagine today, Manhattan started out as a trading colony for beaver pelts in 1624. Henry Hudson, of the Dutch East India Company, had noticed their abundance in the Hudson River upon sailing up the Hudson River. Beavers were so important that even today they’re part of Manhattan’s official seal. But in 1664, the English conquered the area the renamed the city New York, after the Duke of York.
REVOLUTIONARY FROM THE START
The city has always been a center for thought and leadership, and in 1765 the first organized resistance to British rule across the colonies began in Manhattan. Though the island was held by the British during the Revolutionary War, it was liberated by George Washington in 1783. Manhattan became the first national capitol of the United States, and the United States Bill of Rights was drafted and ratified in the city. George Washington was inaugurated at Federal Hall.
By 1810, the city had recovered from the war, and it was one of the nation’s most important ports. But Manhattan became the trading capital of the United States when the 363-mile Erie Canal was completed in 1817. It connected the Hudson River to Lake Erie.
The city we know today took shape in 1811, when the “Commissioner’s Plan” laid out the orderly grid of streets and avenues for the undeveloped parts of Manhattan north of Houston Street. Fifth Avenue runs down the middle of the 13.4-mile island. By 1830, it was the largest city in the Western Hemisphere.
Ask any resident of Manhattan why it’s the greatest city in the world, and you’re sure to hear that the city’s energy and diversity is palpable. It’s a city of immigrants, whether they’re from India or Iowa, and each community and nationality contributes to the city’s rich tapestry.
Whether you’re in SoHo, Chelsea, Tribeca, Harlem, Midtown or Hell’s Kitchen, or any of the 84 neighborhoods here, you’re never more than a stone’s throw away from an art gallery, club, museum, park or some of the best, and most diverse, shopping in the world.
Manhattan is known for its landmarks, like the 843-acre oasis of Central Park, Times Square (which burns twice as much electricity every night than all of Las Vegas’ casinos), or the Empire State Building (which is so massive it even has its own zip code, 10018).
Yet for residents, the neighborhoods and the celebrated kindness of their neighbors is what makes Manhattan a truly special place. Manhattanites might be direct, impatient, boisterous, driven and successful, but they also care deeply about their city and everyone in it.
You can invest in every type of property in Manhattan, including single family homes, townhomes and condominiums. But the city also pioneered a unique form of ownership — the co-op — which made its debut in 1881 in Manhattan with the Rembrandt Building. Co-ops enable building residents to buy a share in a building, and participate in its management. No matter where you want to live, there is a home for you in Manhattan.