Comparison data is vs. same period prior year. Bar chart data represents either Full Year Median or point-in-time Median Data for the current year.
There are few other places on earth where you’ll find the charm and convenience of apartments in SoHo NYC—and the prices for most SoHo properties reflect that. While rental SoHo apartments start around $2,100 or so, they range up to $40,000 or more. SoHo penthouse or luxury apartments are selling for up to $40 Million or more, however there are a number of more affordable options starting in the roughly $700,000 range.
SoHo, sometimes written Soho, is a neighborhood in Lower Manhattan, New York City, which in recent history came to the public's attention for being the location of many artists' lofts and art galleries, but is now better known for its variety of shops ranging from trendy upscale boutiques to national and international chain store outlets. The area's history is an archetypal example of inner-city regeneration and gentrification, encompassing socioeconomic, cultural, political, and architectural developments.
SoHo boasts the greatest collection of cast-iron architecture in the world. Approximately 250 cast-iron buildings stand in New York City and the majority of them are in SoHo.
Cast iron was initially used as a decorative front over a pre-existing building. With the addition of modern, decorative facades, older industrial buildings were able to attract new commercial clients. Most of these facades were constructed during the period from 1840 to 1880. In addition to revitalizing older structures, buildings in SoHo were later designed to feature the cast iron.
SoHo's location, the appeal of lofts as living spaces, its architecture, and its reputation as a haven for artists all contributed to this change. The pattern of gentrification is typically known as the "SoHo Effect" and has been observed elsewhere in the United States. A backwater of poor artists and small factories in the 1970s, SoHo became a popular tourist destination for people seeking fashionable clothing and exquisite architecture, and home to some of the most expensive real estate in the country. SoHo's chain outlets are clustered in the northern area of the neighborhood, along Broadway and Prince and Spring Streets. The sidewalks in this area are often crowded with tourists and with vendors selling jewelry, T-shirts, and other works. SoHo is known for its commercialization and eclectic mix of boutiques for shopping. Although in 2010, it had twice as many chain stores as boutiques and three times as many boutiques as art galleries.
The New York City Department of Education is the department of the government of New York City that manages the city's public school system. The City School District of the City of New York (the New York City public schools) is the largest school system in the United States, with over 1.1 million students taught in more than 1,800 separate schools. The department covers all five boroughs of New York City, and has an annual budget of nearly 25 billion dollars. The department is run by the Panel for Educational Policy and New York City Schools Chancellor. The current chancellor is Carmen Fariña.