Where Do Most Billionaires Live in NYC

1. Where Do Most Billionaires Live in NYC? New York City has more billionaires than anywhere else in the world. In 2023, there are 148 billionaires living in the NYC area.A lot of NYC's richest people live bunched together in just a few neighborhoods. If you want to see some of the wealthiest New Yorkers, certain areas give you the best shot. In this guide, we will look at the places that attract NYC's billionaire crowd. We will see popular buildings, how much they cost, the cool stuff they have, and why the elite want to live in each spot. Who Exactly Are NYC's Billionaires? Before we start, it helps to know who the typical NYC billionaire is. Most of them made massive fortunes in finance, real estate, technology, or hedge funds. The average age of an NYC billionaire is 67 years old. Around 80% of them are men and many were born in other countries like Russia, China, and Europe. Let's find out where New York's super-rich people live. 1. The Upper East Side The Upper East Side is the classic NYC billionaire neighborhood. This wealthy part of Manhattan has the highest number of resident billionaires. Why do so many ultra-rich folks move here? Luxury living, prestige, and a convenient central location are the main draws. Lots of iconic luxury apartment buildings and co-ops line the fancy streets. Buildings like 834 Fifth Avenue have sky-high prices and top-notch service. Rich families love the area's elite private schools. Schools like Brearley, Dalton, and Spence teach the city's richest kids. You'll find all the high-end shopping and dining you'd expect on Madison Avenue. There are also tons of art galleries, museums, and cultural attractions nearby. Several billionaire residents like the Rudins and Milsteins own major real estate in the area. That's a big reason why the ultra-wealthy want to live there. For billionaires, the Upper East Side offers the total NYC luxury package. Co-ops here regularly sell for $20-60 million. Some penthouses top $100 million. But you can also find more affordable luxury condos starting around $1-3 million. They intrigue rich newcomers seeking Manhattan prestige.

2. 2. The Upper West Side Just west of Central Park is another major billionaire hotspot: the Upper West Side. This area competes with the East Side for ultra-luxury real estate. Many of the reasons billionaires like the Upper West Side are similar to the East Side. It offers convenience, elite schools, and cultural attractions for the rich. Major luxury Upper West Side apartments for saleinclude: ● San Remo ● Eldorado ●Century Famous rich folks have lived in all of them over the years. The San Remo has duplex apartments costing over $15 million. Media billionaire Sumner Redstone bought a $26 million unit there. Getting approved for co-ops can be difficult. New luxury condo towers like 173 and 180 West bring a modern hint. However, top units sell for over $35 million. Top Billionaires and Upper West Side Billionaires like Bruce Berkowitz, Daniel Loeb, and Julia Koch live on the Upper West Side. They are drawn to the prime location, amazing Central Park views, and long-time prestigious reputation. Central Park West apartments offer the finest park-front living in NYC. These iconic buildings with white-glove service stand out for the super-wealthy. The Upper West Side gives billionaires another ultra-exclusive Manhattan option with slightly lower prices than the Upper East Side. Tribeca You might not think downtown Tribeca would attract much to billionaires. This trendy neighborhood has become another prime location for the ultra-rich. ●Famous Celebrities and their Spot Celebrities like Taylor Swift and business moguls have lived in Tribeca. The area went from old factories to lavish condos a few decades ago. Huge properties with loft-like open layouts and tons of square feet were created. Luxury amenities then followed the influx of wealthy new residents. Now buildings like 443 Greenwich Street only let billionaires buy homes there. You know what? The five penthouses sold for over $50 million each.

3. Famous billionaires like Robert De Niro, Ron Perelman, and Jon Stryker live in Tribeca. Home prices in the neighborhood rival the Upper East Side's highest levels. The downtown location near Wall Street attracts many finance billionaires. However, they find it convenient to live and work downtown. ●A Wealth of Amenities Tribeca also has elite schools like The Covenant School. This creates a family-friendly vibe for wealthy parents. High-end shopping, dining, and culture add to Tribeca's magnetism too. Fancy brands like Hermes attract big spenders. Despite its small size, Tribeca packs in plenty of super- wealthy residents near NYC's financial center. Billionaires' Row This stretch of Manhattan is the #1 place for NYC billionaire real estate. The flashy supertall towers on and around 57th Street offer the ultimate in luxury living. Billionaires' Row refers to a group of exclusive condo skyscrapers. Buildings like One57, 432 Park Avenue, and Central Park Tower reach super high into the sky. Some of the most expensive real estate deals ever happened on Billionaires' Row. These ultra-luxury buildings only cater to the absolute richest elite people. One57: Sky-High Prices for Sky-High Living At One57, a billionaire paid over $100 million just for a duplex penthouse. 432 Park's $169 million penthouse currently holds the record for the priciest condo ever sold in the US. Why do billionaires pay such crazy amounts? These towers redefine luxury with stunning views and lavish stuff inside. ●The Elite of NYC Residents get unobstructed views of Central Park for miles around. Private clubs, gardens, spas, and pools create an exclusive paradise. They also access hotel-like concierge services and private elevators. Every little detail indulges the billionaire lifestyle. Living on Billionaires' Row automatically makes you one of NYC's wealthiest elite. You need a net worth of billions just to get approved to buy. That's why mega-rich names such as David Geffen and Steven Cohen own homes here. This exclusive strip shows off the ultimate Manhattan wealth and luxury. While other areas attract wealthy buyers, Billionaires' Row exists solely for the absolute richest people in the world. Living here truly sets you apart. Other Wealthy NYC Neighborhoods Beyond the prime billionaire areas, some other NYC neighborhoods appeal to the super-rich too:

4. ●Gramercy Park - This private park area has top co-ops and townhomes. Rupert Murdoch paid $28 million for an ultra-fancy penthouse triplex here. ●Brooklyn Heights - Buyers like celeb Mary-Kate Olsen spend $10-25 million for the leafy townhouses in this peaceful neighborhood. ●Greenwich Village - Tech billionaire Jon Oringer owns the most expensive townhouse at $25 million. It's home to other celebs too. ●Hudson Yards - NYC's newest neighborhood of luxury condos attracting many billionaire finance moguls and real estate titans. Billionaire Lifestyle in NYC For the ultra-rich, NYC offers endless ways to indulge in over-the-top luxury living. These homes have incredible perks like private pools, home theaters, and servant quarters. Outdoor spaces span huge terraces, rooftops, and secluded gardens. Resident-only clubs, wine cellars, and lavish spas create a resort atmosphere. While occasional splashy buys happen elsewhere, most billionaires stick to the established prestigious areas for exclusivity. Living among NYC's elite means joining a very private community of extreme luxury and privilege. However, the area has plenty of newer luxury condos too. Upper West Side Condos The mega luxury condo towers on the Upper West Side offer some of NYC's most impressive new residences for the super-rich. ●173 and 180 West 80th Street - These two striking towers overlook the Natural History Museum. Palatial condos from $12 million feature stunning park views. ●15 West 63rd Street - Full-floor 6,000+ sq ft condos here are perfect for combining into mega homes. They often cost over $35 million. ●200 Amsterdam - The two towers here have lavish 3-5 bed condos starting around $10 million. Incredible shared amenities cater to the ultra-wealthy. ●170 West End Avenue - Each half-floor residence averages 4600 sq ft of interior space. These commonly sell from $13-22 million. The Upper West Side provides an unbelievable number of options for billionaires. Both classic prewar co-ops and modern new development condos compete for the wealthiest buyers. Certain amenities fascinate the elite crowd here: ●Panoramic Central Park and skyline views ●White glove services like concierges

5. ●Screening rooms and private lounges ●Billiard rooms and residents' wine cellars ●Lush rooftop gardens and terraces ●Elaborate fitness centers and pools Upper West Side Condos for Sale There are around 400 Upper West Side Condos for Sale and actively listed for as of March 2024. Prices range from around $600,000 for a studio to over $20 million for a large luxury unit. Some examples of condos for sale: ●1 bed, 1 bath at 210 W 94th St - $995,000 ●2 bed, 2 bath at 235 W 71st St - $1,895,000 ●3 bed, 3.5 bath at 170 W 78th St - $5,250,000 ●4 bed, 4.5 bath at 15 Central Park West - $29,500,000 Conclusion The prewar buildings provide that historic NYC grandeur. Meanwhile, the new towers amp up the wow factor with cutting-edge design and endless amenities. All cater to the same ultra-wealthy audience! For billionaire living at its finest, the Upper East Side steals the spotlight as NYC's #1 destination. The Boland Team NYC are experts in selling, marketing, and renting homes. We know the New York City real estate market well. We stop you from making mistakes. Contact us and save you time, and money!