It's a beautiful day in the neighborhood. (Mr. Rogers)
neighborhood block party
It's in the neighborhood.
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A Garden that is in a neighborhood.
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He is the neighborhood.
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Neighborhood is a noun.
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No, the noun 'neighborhood' is not a standard collective noun,
however, any noun that suits the circumstances can function as a
collective noun; for example a neighborhood of artists, a
neighborhood of shops, a neighborhood of immigrants, etc.