Your celebrity neighbor: Katie Holmes

WHO: Katie Holmes knows that divorcing Tom Cruise requires not only nerves of steel, but moving to an apartment that has an underground garage and great shopping in the neighborhood.

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WHERE:The actress, who has kept paparazzi busy around the clock, moved into the Mercantile Building in Chelsea, a 'hood where the median sales price is $1.085 million and the median rental price is $3,900, according to StreetEasy. Active sales in the Mercantile building range from $2.795 million to $22.5 million.

Your Celebrity Neighbor is a weekly heads-up on the A-listers who call your neighborhood home and (in theory) shop the same Duane Reade as you.