Jerry Seinfeld will settle down in New York City's Upper West Side neighborhood for a monthly residency at the Beacon Theatre in 2016. The veteran stand-up comedian and current star of the web series "Comedians in Cars Getting Coffee" and the Madison Square Garden Company, the owners of the Beacon Theatre, announced on Tuesday that the shows will start in January, with monthly shows scheduled throughout 2016.

"My favorite theater in New York to perform in has always been The Beacon. Comedians live for certain houses that just feel 'alive' for some reason," Seinfeld said in a press release. "The Beacon is that place for me and I am so excited to make it my new home."

"Jerry Seinfeld is one of the most influential and respected comedians of all time," said James L. Dolan, executive chairman of the Madison Square Garden Company. "As a renowned New Yorker whose brand of comedy is rooted in the Big Apple, we are honored to welcome Jerry to The Beacon, his neighborhood theater, for 'Jerry Seinfeld: The Homestand.'"

"The idea of walking because I'm only six blocks away is appealing if people would let me, you know. So I'll see if they let me," Seinfeld told the New York Daily News. "If they let me walk home, I think I will walk home - but if they don't I'll probably have to get on my bike or take a car."

Tickets for "Jerry Seinfeld: The Homestand" go on sale Dec. 7, 2015 at 10 a.m. for the first six shows, Jan. 7, Feb. 18, March 2, April, 14, May 5 and June 8. If tickets are still left over, they will also be available at The Beacon Theatre box office the next day, according to the theater. Ticket prices are $175, $99.50 and $79.