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Explore Union Square Park Neighborhood in New York City

Real Estate New Developments

General Information

Union Square Park is a historic and bustling public space located in the heart of Manhattan, New York City. Serving as both a recreational area and a cultural hub, Union Square has been a focal point of social, political, and artistic activity for over 150 years. The park is situated at the intersection of Broadway, Park Avenue South, and 14th Street, making it a prime location for both locals and visitors. Union Square Park is known for its vibrant green spaces, surrounded by modern buildings, art installations, and historic architecture. The park regularly hosts farmers' markets, outdoor performances, public events, and protests, reflecting its long-standing tradition of community engagement and activism. The surrounding neighborhood is home to diverse restaurants, shops, and theaters, further enhancing the park’s reputation as a lively and popular destination for people of all ages.

Real Estate Information

Union Square's real estate market is one of the most sought-after in New York City due to its central location, historic charm, and proximity to major transportation hubs. The area surrounding Union Square Park boasts a mix of residential buildings, ranging from pre-war co-ops and lofts to luxury high-rise condominiums. Real estate in Union Square is typically considered high-end, with properties in the immediate vicinity commanding premium prices. Due to its central location, residents enjoy easy access to public transportation, including several subway lines and bus routes, making it a highly desirable area for both professionals and families. The Union Square neighborhood has undergone significant gentrification in recent decades, resulting in rising property values and the development of upscale retail spaces. However, despite these changes, the neighborhood has managed to maintain its unique blend of artistic and historic character.

Historical/Interesting Facts

Union Square Park holds a deep historical significance, playing a pivotal role in New York City's social and political movements. The park was originally designed in 1839, and over the years, it has served as a gathering place for major events and demonstrations. One of its most notable features is the statue of George Washington, which was erected in 1856, and it was the site of several important rallies throughout the 19th and 20th centuries, including labor strikes, suffrage movements, and civil rights protests. Union Square was also home to the first official farmers' market in the city, which continues to operate today, offering fresh produce and local goods to the community. In the mid-20th century, the park fell into disrepair, but in the 1990s, significant efforts were made to restore and revitalize Union Square, returning it to its status as a central public space. Today, the park remains a symbol of New York City's historical importance as a center for free expression and public assembly.

Properties Statistics

Total Properties

9

Median Asking

$1,481,555.44

Sale Price/ft²

$1,782.01

Average Home Size

829 ft²

Average Home Age

47 years

Based on results from 9 properties

Buildings in this Sector

FAQ about Union Square Park