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Manhattan: The Center of the World

With soaring skyscrapers and shining office buildings, Manhattan 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.  Over a million people live and work in Manhattan and many consider it to be the financial and cultural center of the world.  Three million people commute into the city every day.

Many years ago, 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. Beavers were so important that even today they’re part of Manhattan’s official seal. In 1664, the English conquered the area and they renamed the city New York, after the Duke of York.

The city has always been a center for thought and leadership.  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.  Moreover, the United States Bill of Rights was drafted and ratified in the city.

By 1810, Manhattan was one of the nation’s most important ports. But the city became the trading capital of the United States in 1817 when the 363-mile Erie Canal was completed, connecting the Hudson River to Lake Erie. By 1830, it was the largest city in the Western Hemisphere.

CULTURAL DIVERSITY

Why is Manhattan the greatest city in the world?  Some will reply that it is because of the city’s energy and diversity. It’s a city of immigrants, whether they’re from India or Iowa.  Each community and nationality contributes to the city’s rich tapestry.

So regardless of whether you’re in Harlem, Midtown, SoHo, Chelsea, Tribeca, 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 shopping experiences in the world.

For many residents, the neighborhoods and the celebrated kindness of their neighbors is what makes Manhattan a truly special place. Manhattan residents might be direct, boisterous, impatient, 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, townhouses 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.