About NYC: Hot Neighborhoods

Tribeca, Soho, and the Village used to be home to some of the most inexpensive apartments to be found in New York City?that is until they became HOT!

Almost every neighborhood in Manhattan has undergone a remarkable transformation at one point from slum to ultra-chic. This transformation is part of the beauty, mystique and unique history of New York City, and renters and buyers alike are always on the lookout for this trend where their initial modest real estate investments can turn into gold.

Traditionally, chic New York City neighborhoods are born of the following process: Artists and bohemians begin to inhabit poorer areas of the city because of the low rents. As the artists' presence begins to revitalize the area from shabby to hip, the migration of upwardly mobile New Yorkers follows. This drives up rents and property values, and brings in an increasing commercial presence. How does one spot an up and coming hot neighborhood? Follow the next portfolio-toting gang of artists you see, or click on the links to the left to see CitySites trendy picks.