This is one of New York’s most desirable residential neighborhoods because of its closeness to midtown. The area is historical for the old Third Avenue El, which was torn down in the mid 1950’s. After the El left the scene, Third Avenue underwent a massive face-lift. With the overhaul came redevelopment of the area into
luxury apartment buildings and high rises.
While many agree that this part of town is nowhere near its completion, all will nod in agreement that the neighborhood is highly gentrified with its restaurants, shops and entertainment.