Chelsea Park History and Facts

Chelsea is an exciting neighborhood located in the West Manhattan area of New York City. Chelsea is surrounded by Clinton, Garment, Nomad, West Village, and the Flatiron Districts. The Chelsea Community is separated into 2 main areas known as the Manhattan Community Board 4 and the Manhattan Community Board 5.

The Chelsea Historic District have been recognized by the NYC Landmarks Preservation Commission and registered with the National Register of Historic Places. The Chelsea Neighborhood embodies a unique mix of apartment buildings, housing projects, reconditioned row houses, townhouses and retail locations. The Chelsea community offers unsurpassed cultural and artistic experiences and offers some of the most prestigious art galleries in the area.

  • Area: 1.017 square miles
  • Population: 41,982

Population density:

  • Chelsea: 41,284 people per square mile
  • New York: 26,403 people per square mile
  • Median rent in 2009: Chelsea:             $1,279
  • New York: $987
  • Zip codes: 10001, 10011.
  • Males:     21,919
  • Females: 20,062
  • Average age for males in Chelsea: 38.1 years
  • New York:  34.2 years
  • Average age for Females in Chelsea: 40.9 years
  • New York: 35.6 years

Average household size:

  • Chelsea: 1.6 people
  • New York: 2.6 people

Occupations of males:

Percentage of males in management occupations (except farmers):

  • Chelsea: 16.2%
  • New York: 9.2%

Percentage of males in business and financial operations occupations:

  • Chelsea: 7.8%
  • New York: 4.8%

Percentage of males in computer and mathematical occupations:

  • Chelsea: 4.6%
  • New York: 3.6%

Percentage of males in architecture and engineering occupations:

  • Chelsea: 3.0%
  • New York: 1.6%

Percentage of males in life, physical, and social science occupations:

  • Chelsea: 1.6%
  • New York: 0.8%

Percentage of males in community and social services occupations:

  • Chelsea: 1.5%
  • New York: 1.4%

Percentage of males in legal occupations:

  • Chelsea: 3.8%
  • New York: 2.1%

Percentage of males in education, training, and library occupations:

  • Chelsea: 3.8%
  • New York: 3.3%

Percentage of males in arts, design, entertainment, sports, and media occupations:

  • Chelsea: 18.6%
  • New York:  4.5%

Percentage of males in healthcare practitioners and technical occupations:

  • Chelsea: 3.4%
  • New York: 2.7%

Percentage of males in service occupations:

  • Chelsea: 9.8%
  • New York: 17.3%

Percentage of males in sales and office occupations:

  • Chelsea: 18.3%
  • New York: 21.4%

Percentage of males in construction, extraction, and maintenance occupations:

  • Chelsea: 4.0%
  • New York: 11.8%

Percentage of males in production occupations:

  • Chelsea: 1.7%
  • New York: 6.1%

Percentage of males in transportation and material moving occupations:

  • Chelsea: 2.1%
  • New York: 9.4%

Occupations of females:

Percentage of females in management occupations (except farmers):

  • Chelsea: 14.3%
  • New York: 7.8%

Percentage of females in business and financial operations occupations:

  • Chelsea: 5.9%
  • New York: 5.1%

Percentage of females in computer and mathematical occupations:

  • Chelsea: 2.9%
  • New York: 1.6%

Percentage of females in architecture and engineering occupations:

  • Chelsea: 1.1%
  • New York: 0.4%

Percentage of females in life, physical, and social science occupations:

  • Chelsea: 2.3%
  • New York: 1.0%

Percentage of females in community and social services occupations:

  • Chelsea: 2.2%
  • New York: 2.7%

Percentage of females in legal occupations:

  • Chelsea: 3.0%
  • New York: 2.0%

Percentage of females in education, training, and library occupations:

  • Chelsea: 7.5%
  • Manhattan: 8.5%

Percentage of females in arts, design, entertainment, sports, and media occupations:

  • Chelsea: 20.5%
  • Manhattan: 4.4%

Percentage of females in healthcare practitioners and technical occupations:

  • Chelsea: 4.7%
  • Manhattan: 6.4%

Percentage of females in service occupations:

  • Chelsea: 8.4%
  • Manhattan: 19.9%

Percentage of females in sales and office occupations:

  • Chelsea: 23.6%
  • Manhattan: 33.7%

Percentage of females in production occupations:

  • Chelsea: 3.0%
  • Manhattan: 4.7%

Education in Chelsea

Percentage of residents in K-12 schools:

  • Chelsea: 6.6%
  • New York: 19.4%

Percentage of people in undergraduate colleges:

  • Chelsea: 6.1%
  • New York: 5.9%

Percentage of residents in graduate or professional schools

  • Chelsea: 3.7%
  • New York: 1.8%

Percentage of students K-12 enrolled in private schools:

  • Chelsea: 30.5%
  • New York: 18.8%
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Pet Policies Effecting Rental Market

Are more landlords becoming pet friendly?  Most renters hope so, as it continues to be a challenge to find a quality apartment for some owners with dogs and cats.  Because of condition in the rental market, depending on where you are looking, things may be changing for the better.

Landlords and property managers finally understand that more and more renters want to have pets; therefore, a lot of buildings are willing to eliminate fees and restrictions. Future and current pet owners must take advantage of this situation. The survey revealed that 70% of the respondents said that they had no trouble in locating a pet-friendly building. Also, 50% of the participants mentioned that their current landlord is asking for a pet deposit. Of this number, 36 percent are claiming that they pay up to $200 for their little friends pet deposit, people seem to be more determined to buy a new pet and bring it home. Most of these pet lovers are renters. A recent survey discovered that 43% of the participants already have a pet.

At the same time, ¼ of the respondents want to get a furry friend in the next couple of months. Still, some renters might have problems when wanting to own a pet because certain apartment buildings don’t allow pets. Thus, renters have to investigate the problem and see if they can or cannot have a four-legged friend in their condo. Also, there are apartment buildings that do allow pets, but they demand fees for pet ownership.

Most renters are shed away by the fact that they cannot accommodate their pet. For these persons it takes a lot of time and effort to find the perfect apartment. On the other hand, apartment managers are receiving this feedback and they’re taking it into consideration. As a result, increasingly more landlords are adjusting their pet policies. Nowadays, people can choose from numerous pet-friendly options. It takes some time, but in the end, renters can find an apartment building that allows them to own a pet. At the same time, there are numerous people who don’t own a pet, but they like living in a pet-friendly community.

The survey conducted also revealed that pet-friendly buildings are not an option solely for pet owners. Thus, 34% of the participants said that they don’t own a pet, but they adore living in a building where there are numerous pets. Only 20% of the respondents who don’t have a pet mentioned that they avoid renting an apartment in a pet-friendly building. Therefore, it seems that more and more individuals prefer the company of these small and furry creatures.

The above mentioned study also made public the most popular pets. 4.3 percent of the participants said that they like fish. 11 percent mentioned that they own a medium-sized dog (up to 50 pounds). 13.6% of the respondents said that they have or that they would like to have a large dog but the living conditions in a condo are not that suitable. The second place is reserved for cats; 24.2% of renters own a cat. The most popular pets are definitely the small dogs (less than 26 pounds). 35.5 percent of renters own such a pet because they’re are easier to raise, they’re not that messy, and they’re as cute as a bug’s ear.

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The Laurel Luxury Condos – 400 E. 67th St

The Laurel Condominium is located on the East River of Manhattan’s Upper East Side. The building has 31 floors and its façade is decorated with Indiana limestone and glass. The Laurel Condominium was designed by the famous architects from Costas Kondylis & Partners. They have understood that a beautiful façade makes a building elegant and it gives a sense sophistication and grace. The Laurel has everything you can wish for from a building: a contemporary appeal, yet a classic and refined tone.

The Laurel is a modern condo complex designed after the Green concept, with eco-friendly materials that don’t harm the environment. Also, the building has an advanced energy saving system, which received a LEED certification of the United States Green Building Council standards. These are the most important requirements that the building respects: it promotes alternative transportation, it is made from low-emitting and recycled materials, it has a water-efficient landscaping and it also tries to convince its residents to use recycling practices. If you are thinking to buy an apartment at The Laurel, you should check out some of the most important features of the edifice.

General Condo Amenities

  • High quality oak floors with light or dark finish
  • ceiling heights varying between 9’ and 12’
  • advanced pipe coil system, which allows the full control of the temperature
  • Bosch washer and dryer
  • painted solid core flush door made from high quality satin
  • glass windows that offer an exceptional light
  • in-swing casement with an organic finish

The Kitchen Area

Extremely luxurious and fully equipped with top-of-the-line appliances, all kitchens have sub-Zero 700 series stainless steel refrigerator, Sub-Zero stainless steel under-counter two wine coolers, white marble countertop with Julien under-mount sink , Back painted white glass backslash, Gaggenau stainless steel natural gas cook-top, Gaggeneau stainless steel 400 series electric, Gaggeneau stainless steel convection, Poggenpohl high-gloss white lacquer cabinets, dishwasher with an incorporated white lacquer door in studios, solid oak floor, stainless steel General Electric microwave, translucent glass gliding doors and an in-sink0Erator stainless steel disposal.

The Bathroom

Luxurious condos should have fabulous bathrooms, and The Laurel features some of the most extravagant and opulent spaces. Amenities include floor-to-ceiling white slab marble walls, heated honed white marble mosaic floor, lit open glass vitrine shelves, Vola polished chrome, Thermostatic shower set,marble trough vanity, full height mirrored flush linen closet with white lacquer edges, Zuma Collection tub and DuravitStarck 2 Series wall-mounted water closet with a dual flush meter.

The Neighborhood

The Upper East Side is one of the most exclusivist and luxurious neighborhood in New York City. It features popular restaurants and the most fashionable boutiques where residents can enjoy their shopping experience to the fullest. The Laurel Luxury Condos reflect high-class in the Upper East Side. In fact, it is a place preferred by many people due to its opulence and lavishness. Moreover, The Laurel can be really easy to find because it offers easy access to the most important highways in Manhattan. Unlike most condos in the area, The Laurel is unique through its contemporary designs, fully furnished apartments, and breathtaking views over New York City.

For more information on Upper Eastside luxury apartments for rent or for sale, please CLICK HERE

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IMPACT 2012 Festival – Dates and Events

  • IMPACT 2012: A Festival of Political Art
  • July 14-August 26
  • 45 Bleecker St
  • Brooklyn, NY 11221

CLICK HERE to view the website

From July 14th through August 26th, Culture Project’s presents a festival full of music, unique arts, activists, filmmakers and other performances based on  areas that are important to conserving our democracy and constitution.

Week 3 (July 30 – Aug 5)

THE CORPORATE AGENDA:   Healthcare, Energy, & Environment

Urbana Poetry Slam

Tue. July 31, 7pm

Tickets ($10) at the door.

Gasland

Wed. Aug 1, 7pm

Pay what you will

Last Call at the Oasis screening

Wed. Aug 1, 9:15pm

Tickets $10

Crude screening + The Story of Stuff Project

Thur. Aug 2, 7pm

Pay what you will

King Corn screening

Fri. Aug 3, 6pm

Free (reserve seats)

Eli Smith presents “All the Way from America: An Evening of Woody Guthrie, Labor, Union and Anti-Corporate Songs and Tunes”

Fri. Aug 3, 8pm

Tickets $10

Artists in Residence

Sat. Aug 4, 7pm

Pay what you will

Week 4 (Aug 6-12)

THE BLIND EYE:

Women & Veterans

Restrepo screening and discussion

Mon. Aug 6, 7pm

Pay what you will

Conversation: The War on Women

Tue. Aug 7, 7pm

Pay what you will

 OLIATH

Wed. Aug 8, 7pm

Pay what you will

 Lioness screening and discussion

Thur. Aug 9, 7pm

Pay what you will

Miss Representation screening and discussion

Fri. Aug 10, 7pm

Tickets $10 in advance; $15 at the door

God’s Away on Business

Fri. Aug 10, 9pm

Tickets $10

Artists in Residence Works in Progress

Sat. Aug. 11, 7pm.

Pay what you will

Political Films by Ken Jacobs

Sat. Aug 11, 10pm

Tickets $10

Week 5 (Aug 13-18)

DEMOCRACY MATTERS:

Voter Suppression & Citizens United

Urban Word NYC

Tue. Aug 14, 8pm

Tickets $10

Media that Matters: Shorts screening and conversation

Fri. Aug 17, 7pm.

Pay what you will

Artists in Residence

Sat. Aug 18, 7pm.

Pay what you will

Week 6 (Aug. 19-26)

MANIFEST DESTINY:

American Foreign Policy & the Media: Betrayed

Mon. Aug 20, 7pm

Pay what you will

Conversation: Foreign Policy & the Media

Wed. Aug 22, 7pm

Pay what you will

Stolen Seas

Thur. Aug 23, 7pm

Pay what you will

Directors’ Weekend: American Foreign Policy

Fri. Aug 24, 7pm & Sat. Aug 25, 7pm.

Pay what you will

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5th Ave Penthouse Sells for Over $27 Million

A 5th Avenue penthouse in the building formerly known as the Stanhope Hotel was sold recently for over $27 million. This immaculate estate resides on over 8.360 square feet on the 16th floor of the 995 Fifth Avenue condo.  The sale of this upscale 5th Avenue penthouse has attracted a lot of attention and city records note that sale of this massive estate was the largest sale of the week.

The exact price of this property was listed at $27,376, 940.03 but insiders state that the actual sale price for the estate was closer to the $30 million mark. The company responsible for the development of the condo was the Extell Development and they decided to list this property with two brokerage corporations before its recent success with the Sotheby’s International Realty firm.

After being renovated from a well known hotel building to a luxury condo building, this contemporary building now hosts 26 luxury condos. The condo sold recently has been listing on the market off and on for the last 5 years. The unit underwent a much needed renovation to provide a new layout for the buyer of this modern property. This amazing penthouse was originally listed on the market in 2oo7 for $35 million and was listed on the popular show “Selling New York” which is featured on HGTV.

The layout modification required some walls to be demolished and the finishes were also replaced. This 16th story penthouse was sold to a New York family that will no longer have to worry about having enough space to entertain with 8,360 square feet. A neighboring unit with over 1,000 square feet was also purchased to accommodate the help or guests. This New York family and the realty companies involved wanted to remain anonymous in this transaction.

 

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NYC Developers Hang Hopes on Condo Construction

Developers in New York City, anxious to recover from the country’s years-long economic and housing slump, have turned to condo projects to beef up their bottom line.  The lack of new construction paired with the high demand that has been back logged over the last few years means that new condo developments are springing up all over town.

Experts say there are approximately 50 new condo buildings with hundreds of new units that are on the market in New York City.  The number of units expected to come available in the next few years is estimated at 5,580.  By contrast, New York sees around 7,500 new condo units absorbed annually.

This high demand coupled with a shortage of inventory has developers jumping at the chance to get in on this lucrative game.  Here’s a look at some of the developments underway here in Manhattan.

 The Abingdon

Located in the West Village at 607 Hudson Street, this former nursing home features 10 units, including two penthouses.  The penthouse units came on the market in April and are listed for $21 million and $19.5 million.  Six other units were put up for sale last month.

Developers decided to release the penthouse apartments first to allow potential residents the option to customize their apartments and possibly combine units.  Both penthouses are currently in negotiations for close to the asking prices.

The other units are all large in size at more than 3,200 square feet each.  The smallest is listed for $8.75 million, while the largest is on the market for $10.75 million.  The two remaining ground floor units will be available in the fall.

The Arman

Located at 482 Greenwich Street in fashionable Soho, this nine-story building is the former studio of the late artist Arman.  The building is comprised of eight units and was designed by Karl Fischer.  Only three units remain.

Occupancy is scheduled for fall.  Units are full floors approximately 2,470 square feet in size and feature three bedrooms.  The remaining units are listed between $3.9 million and $6 million.

250 East 57th Street

This midtown development is currently under construction.  It is situated on a 1.5 acre site and will include a Whole Foods Market, two new schools and a 59 story condo project with 320 units.  It will also feature 78,000 square feet of retail space.

Whole Foods is scheduled to open this fall, and the residential units will be unveiled at the beginning of the year.

The Madison Jackson

Located at 371 Madison Street in the city’s Lower East Side, the Madison Jackson is a former school being converted into a 110 unit condo project.  The loftlike units will range in size from 700 to 1,600 square feet, with a 7,000 square foot penthouse.  Prices will start at $542,000.

The Toy Building

This 16 story property in the Flatiron district will be converted into 145 condos. Although plans are underway, it is not clear when units will hit the market.

211 East 13th Street

82 units comprise this condo project in the East Village, to be completed sometime next year.  The building will feature a mix of studios, one, two, and three bedroom apartments, plus 4,500 square feet of ground floor retail space.  Sales will launch in the spring of 2013.

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Park Ave Rental Buildings Converted to Luxury Condos

Rebounding from a few tough years during the economic downturn, New York City condo conversions are making a comeback.  Although looked at with disdain by architectural critics, the practice of converting white-brick prewar rental buildings into luxury condos has become quite common.

Conversions have been happening all over the city, including Harlem, Times Square, Dumbo, the Upper East Side and even on Park Avenue.  According to the New York State Attorney General’s office, there has been a rise so far this year in the number of plans filed.  This office is responsible for signing off on all condo conversion plans.

A reason for this jump is that the time it takes to rehab an existing building, as opposed to building a new structure on raw land, is significantly shorter.  This shorter turn-around allows for the quickest financial returns.  It takes approximately two to three years to complete a conversion, as opposed to four to seven years for a ground up development.  And it’s not just rental buildings that are being converted, office buildings are also becoming subjected to this fate.  A planned office conversion is underway at 93 Worth, a 165,000 square foot office building located Downtown.

Part 23 is the state regulation that governs condo conversions, and filings cannot move forward until at least 15 percent of a building’s available units have been sold and those residents plan to move within the next 15 months.

Developers and investors are becoming increasingly interested in properties that can easily be converted to condos.  A driving reason is that financing for new construction is more difficult to obtain than financing for conversions.  In addition, demand for condo units has gone up since the economy has began to heal.  There’s a backlog of people that were  waiting out the downturn who are now ready to invest in a condo.

Experts predict that the demand for conversions will continue to grow for at least a few more years, as risks associated with building new developments remain high.

A conversion that recently got underway at 530 Park Avenue is a 19 story building designed by the famed George Pelham, Jr.  It is being converted into 116 high end condos, which are listed at $3,250 per square foot on average.  $70 million is being invested to renovate the building.

Not far from 530 Park is another conversion at Manhattan House.  This building, located between Second and Third Avenues and East 65th and East 66th Streets, will be transformed from 583 rental units into 475 high-end condos.  Renovations include adding new plaster moldings, enlarging windows, adding libraries and decorative iron railings and increasing ceiling height.  It is currently 40 percent sold.

Astonishing, for a building that the Landmarks Preservation Commission once said was responsible for the general decline in apartment house design.  It is now on the short list of options for people with excellent taste and money to spend.

At 1212 Fifth Avenue, a 16 story prewar rental building is being converted to condos.  Prices for these units range from $735,000 to $7.99 million.

Regardless of your feelings about these types of condo conversions, one thing is clear – they are here to stay.

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International Buyers Push U.S. Real Estate Higher

Many international buyers find the U.S to be a desirable place to buy property because of its low prices and the average value of the dollar.

National Association of Realtors

The National Association of Realtors 2012 Profile of International Home Buying Activity,  reported the  total residential international sales in the U.S. equaled $82.5 billion. These numbers are from the year ending March 2012. These numbers are up from $66.4 billion in 2011. Total international sales were evenly split between non-resident foreigners and recent immigrants. The survey asked Realtors to report their international business activity within the U.S. for the 12 months ending March 2012.

Advantages of the Market

Today’s advantageous market conditions have drawn more and more foreign buyers to the U.S. in recent years, signaling how desirable and profitable owning property in this country can be. The president of the National Association of Realtors notes that lower costs of homes, inventory options, and exchange rates have given international buyers more interest to purchase in the states. The dynamic knowledge and experience that international real estate agents possess gives foreign buyers an advantage of what to expect when investing in property in the United States. Their expertise and strategies in various real estate markets gives them a different outlook on the real estate market in the United States.

International Buyers

International buyers bought homes throughout the country, but four states accounted for 51 percent of the purchases—Florida, California, Texas and Arizona. Florida has been the fastest growing destination of choice, accounting for 26 percent of foreign purchases. California was second with 11 percent and Texas and Arizona accounted for seven percent. Proximity to the home country, the presence of relatives and friends, the convenience of air transportation, and climate and location are all important considerations to prospective foreign buyers.

Locations on the East Coast generally attract European buyers, while Asian buyers tend to purchase on the West Coast, particularly California. Florida attracts a diverse set of international buyers including South Americans, Europeans and Canadians. Meanwhile, Texas remains popular among Mexican buyers. Within markets in an individual state, it is not unusual to find concentrations of people grouped by nationality.

International buyers understand that investing in real estate property in the U.S. is financially and socially beneficial. Studies show that many international buyers purchase U.S. real estate as a vacation getaway or as an investment to further their assets. Many international buyers see home ownership in America as a significant achievement.

International buyers come from all over the globe but places like:

  • Canada
  • China (The People’s Republic of China including Hong Kong)
  • Mexico
  • India
  • United Kingdom

These places accounted for 55 percent of all international transactions, according to the survey. Canada and China remain the fastest-growing home countries. Canada accounted for 24 percent of international sales while China accounted for 11 percent, up from nine percent in 2011. Mexico was third with eight percent of sales and India and the U.K. both accounted for six percent.

All of these important factors will keep the international buyers coming back to the U.S.

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Manhattan Art Feature: The Thannhauser Collection

The Thannhauser Collection is composed of many rare exhibitions collected by the Thannhauser family. Justin Thannhauser was the son of an avid art collector by the name of Heinrich Thannhauser who established the Moderne Galerie in 1909 located in Munich. This gave Thannhauser the experience necessary to develop an extravagant gallery at a young age. Thannhauser worked with his father to build an influential and dynamic art exhibition with contributions from French Impressionists and Post-Impressionists, talented extant German artists, as well as Italian Futurists.

The Moderne Galerie showcase prime artists such as Vasily Kandinsky Pablo Picasso. The Moderne Galerie featured the first supreme piece produced by Picasso and in turn Justin Thannhauser developed a lifelong friendship with Picasso. Thannhauser evolved into an aspiring entrepreneur and founded another gallery in Lucerne close to 1920. The Thannhauser Galleries were such a big hit that he decided to showcase his impressive exhibitions in Berlin which earned a permanent position in his Munich gallery.

The Galleries Thannhauser was obstructed by Nazi movement and rise in anti Semitism in Germany whose intentions were to get rid of contemporary art. The doors of the Thannhauser Galleries were closed in 1937 and the Thannhauser family moved to Paris to begin a new life. After moving to New York three years later, Justin Thannhauser was accredited as an independent art dealer.

The Thannhauser family’s promise of providing artistic progression was aligned with the commitment of Solomon Guggenheim which is essentially what provided us with the Thannhauser Collection we know of today. With no offspring to pass on the legacy of the family’s influential exhibitions, Thannhauser gifted a significant amount of the artwork he collected to the Solomon R. Guggenheim Foundation. This extraordinary collection featured over 2 dozen pieces developed by Picasso and was a monumental contribution to the Soloman R. Guggenheim Museum. The Thannhauser family was a major contributor of priceless installations from many different cultures by loaning the Solomon R. Guggenheim museum 40 works.

Venue
Solomon R. Guggenheim Museum
1071 Fifth Avenue
(between 88th and 89th Streets)
New York, NY  10128
Tel: (212) 423-3500

Dates

Ongoing

Hours

Mon – Wed, Fri, Sun: 10 am – 5:45 pm
Sat: 10 am – 7:45 pm

Ticket Pricing

$22 – Adults
$18 – Seniors, Students
Children under 12: Free
Members: Free

The works of German painter Justin K. Thannhauser reflect the influence of both the French Impressionists and the Italian Futurists.

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Federal Reserve Bank of New York Fun Facts and Information

Location: 33 Liberty Street, New York, NY 10045
Admission: FREE
Website: http://www.newyorkfed.org
E-mail:  [email protected].

Located at 33 Liberty Street, New York, NY 10045 the Federal Reserve Bank is part of the 12 regional reserve banks in the Reserve System. Positioned right in the heart of the city’s Financial District, inside a tall building with a unique Italian Renaissance style, locals and tourists alike should know that the edifice holds the largest and most stunning gold reserves in the world.

The Federal Reserve Bank is even bigger than the one located at Fort Knox, and it consists of no less than 7,000 tons of sheer gold. All the buildings, especially this one, have to ensure full time protection of the treasure inside. The gold is located in a chamber, situated five stories below the ground and it is severely supervised round the clock. Those interested in how the Federal Reserve Bank functions are invited to attend the special tours where they will learn many interesting things about the bank’s system and its dome of international monetary gold and even descend into the reserve.

Visitors will be allowed to go 5 levels below the street level, and also pass through a very narrow corridor made entirely of steel. Over one hundred lockers are made of mixed precious metals and many of them are custody of foreign states. The tour can be staggering especially since it will reveal a lot of great information. Do you want to know more about the history of money?  Then it compulsory to check out the ‘Drachmas, Doubloons, and Dollars: The History of Money’ exhibition where you’ll have the chance to see different money shapes such as tokens, coins, gold, credit cards, paper money, and more. The main purpose of the exhibit is to illustrate how money can store wealth and help individuals make payments.

Over the years people have started to develop a passion for money, and thus avid collectors appeared. Collecting money and gathering coins is like holding a piece of history in your hands. You can attend the ‘Drachmas, Doubloons, and Dollars: The History of Money’ from Monday to Friday. Visiting the Federal Reserve Bank is completely free and each tour lasts one hour, during which thirty visitors are introduced to its fascinating secrets. Likewise, it is advisable to call before and reserve your seat in advance. During the summer season reservations are made 1 month in advance considering the increased number of visitors and tourists interested in seeing one of the country’s greatest stashes of gold.

Often known as The FED, there are certain rules to need to abide by if you want to enter the bank and admire its exhibits.  You are required to have a government-issued photo such a passport, an ID card or a driver’s license, and a copy of your ticket. Visitors are not allowed to take pictures, and your bag will go through security screening. The golden vault is probably the most spectacular attraction of the bank because it basically highlights the country’s greatest assets, its gold deposits.

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