I live in the West Village and it's my favorite neighborhood in New York. It's a little bit sleepier than, say, the East Village, but it's hard to beat how beautiful it is. It has the most green out of any neighborhood downtown, and there are a ton of fantastic bars and restaurants. It's also really pricey and that lends itself to the sleepy part -- the demographic is a bit older and wealthier than a number of neighborhoods downtown. It's historical, beautiful and you never run out of things to do within a block.