Manhattan

Source: Fred Hsu

Description

Manhattan (), known regionally as the City and the urban core of the New York metropolitan area, is the most densely populated of the five boroughs of New York City, and coextensive with the County of New York, one of the original counties of the U.S. state of New York. Manhattan serves as the city's economic and administrative center, cultural identifier, and historical birthplace. The borough consists mostly of Manhattan Island, bounded by the Hudson, East, and Harlem rivers; as well as several small adjacent islands. Manhattan additionally contains Marble Hill, a small neighborhood now on the U.S. mainland, separated from the rest of Manhattan by the Harlem Ship Canal and later connected using landfill to the Bronx. Manhattan Island is divided into three informally bounded components, each aligned with the borough's long axis: Lower, Midtown, and Upper Manhattan.

Manhattan has been described as the cultural, financial, media, and entertainment capital of the world, and the borough hosts the United Nations Headquarters. Anchored by Wall Street in the Financial District of Lower Manhattan, New York City has been called both the most economically powerful city and the leading financial center of the world, and Manhattan is home to the world's two largest stock exchanges by total market capitalization: the New York Stock Exchange and NASDAQ. Many multinational media conglomerates are based in Manhattan, and the borough has been the setting for numerous books, films, and television shows. Manhattan real estate has since become among the most expensive in the world, with the value of Manhattan Island, including real estate, estimated to exceed US$3 trillion in 2013; median residential property sale prices in Manhattan approximated US$1,600 per square foot as of 2018, with Fifth Avenue in Midtown Manhattan commanding the highest retail rents in the world, at US$3,000 per square foot per year in 2017.

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Source: Wikipedia.org

Copyright: Creative Commons 3.0

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Source: Fred Hsu

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