Like all the other incoming 1st years on the board I'm about to head up to NYC to find an apt. Overall, its pretty depressing what you can afford, even with probably the highest paying job out of college.
But I was wondering if any of you that have already gone through this have any recommendations on particular buildings good for the analyst life/budget (or ones to avoid like the plague)
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I hear the American Gardens
I hear the American Gardens building over on W. 81st is ace
I highly recommend almost
I highly recommend almost anything in the financial district. Although its not as trendy of an area, most buildings are nice high rises with plenty of amenities. Also, the area is very clean. Two thumbs up on 45 Wall. I lived in 1 West. The roof deck there is very nice during the summer. You can literally walk around on Wall St, Gold St, etc and walk into a highrise, ask to see management, and they will show you apts.
do not live in the financial district
Living downtown is depressing. It's an absolutely deserted after 6PM. Granted you won't be going out much due to the hours required in banking, but either way, you're not going to be hanging out in the financial district in your spare time. Everyone I knew that lived in the financial district after graduation moved to midtown/uptown within a year. There are a ton of apartments in midtown (both on the east and west sides) that are comparably priced.
In reality, you're not going to find an awesome deal in NYC unless you're living with three other people. It's very expensive no matter what part of the city you live in.
Do whatever fits your budget - I'm just telling you right now that the financial district absolutely sucks.
Agree that it shuts down
Agree that it shuts down after the market closes. But you do get much more for your money. 1300-1400/person gets you a spacious 2 bedroom convert, full gym membership, 24hr doorman, laundry on every floor. I highly recommend the area IF your bank is located in the FD. Sure, there's nothing to do at night, but you're close to every major metro station and it's an easy commute.
Also, I'd rather make the
Also, I'd rather make the commute uptown to go out once or twice a week. rather than have to make the commute to / from work twice (or more) a day.
One of the trendier ones...
Even has its own NY Times article:
http://www.nytimes.com/2008/05/07/nyregion/07lofts.html
agreed
nystateofmind - i agree. i'm a bit biased since i work in midtown. either way, rent in manhattan is outrageous. every time i sign my rent check i feel like vomiting
Four Pointers To Consider
1. Find a roommate/s, its the best chance to have to maximize location, space and cost.
2. Pay attention to craigslist for pricing indications/area availability and remember to search online using the key word "no fee" (brokers suck @ss, and hoover $$)
3. Scour Upper East Side/Murray Hill if youre more cost conscious and still up for collegiate like partying with other rock star 21yr olds.
4. Check out Midtown West/East next if you are less so and especially for the convenience if you work midtown.
Unfortunately, I do not know of specific buildings, though I do see the reason youd ask.
As a sidebar - I disagree with NYSM as a matter of opinion. Im not an analyst any more, but Id much rather live in/near a cooler neighborhood that i can walk around and chill out in on the weekends and do the daily travel grind during the week (cause work sucks anyway) than the other way around. Once you live in the city, youll be amazed at "how far" the villages/midtowns seem if you live too far downtown...though I suppose then, you have no choice but to travel up if you want to have fun. Shrug. Your choice.