Brief history of NEW YORK CITY

The first native New Yorkers were the Lenape and Algonquin people who hunted, fished and farmed in the area between the Delaware and Hudson rivers. Europeans began to explore the region at the beginning of the 16th century. Among the first was Giovanni da Verrazzano, an Italian who sailed up and down the Atlantic coast in search of a route to Asia, but none settled there until 1624.

That year, the Dutch West India Company sent some 30 families to live and work on a tiny settlement called New Amsterdam. The settlement located on “Nutten Island,” known today as Governors Island. In 1626, the settlement’s governor general, Peter Minuit, purchased the much larger Manhattan Island from the natives for 60 guilders in trade goods such as tools, farming equipment, cloth and shell beads. In 1664, the British seized New Amsterdam from the Dutch and gave it a new name: New York City. Today more than 9 million people live in the city’s five boroughs.

And Why Manhattes?

In May 1626, the Lenape Indians sold the island of Manhattes, currently known as Manhattan, to the Dutch West India Corporation for the equivalent of 24 dollars, which many would argue to be the greatest real estate deal ever. To continue this tradition of making historic real estate deals, we formed The Manhattes Group LLC. Since closing our first lease in 2000, The Manhattes Group has completed more than 1 billion dollars in transactions.

As an industry leader in investment sales, development site assemblages, retail and commercial leasing, and development consulting. The Manhattes Group represents some of the largest property owners, developers, and tenants in New York City.