Set on Manhattan’s southeastern tip, the Financial District (also known as FiDi) lies on what was the original 17th century settlement of New Amsterdam. Today it is the financial heart of the city, boasting the New York Stock Exchange and Federal Reserve Bank of New York. The neighborhood consists of the area south of City Hall Park and east of Battery Park City.
In the 1990s and early 2000s, much of lower Manhattan’s office real estate was converted to residential developments. These luxury conversions, as well as new towers, are attractive to young professionals who work in the Financial District and enjoy the convenience. Families are also drawn to the area’s many high-end buildings, which, while offering desirable amenities, are more affordable than other kid-friendly neighborhoods like the Upper East Side or Greenwich Village.