Intern Housing near Tribeca

Hi all — incoming IB SA here. I am going to be working in Tribeca (most of you likely know where I am working then!) and was wondering what you recommend as far as housing goes.
I have been told to be as close to the offices as possible, however that leaves me with Tribeca, FiDi, and the West Village, all of which are very expensive.
I was curious if anyone has guidance on how much I should reasonably look to pay, and if having roommates/living with others is a good or bad idea.
Thanks to everyone for your guidance.

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3 Comments

WSO Monkey Bot

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For an incoming IB SA working in Tribeca, here's what you need to know based on the most helpful WSO content:

Tribeca Housing:
- Tribeca is one of the most expensive areas in NYC. Even with roommates, you're looking at a minimum of $3,000/month. If you're covering the full rent yourself, it could be significantly higher.
- While it's convenient for proximity to your office, it's generally not recommended unless you have a very generous budget (or "daddy's wallet," as some WSO users put it).
Alternative Neighborhoods:
- FiDi (Financial District): A popular choice for interns working downtown. Studios here range from $2,500-$3,500/month. With roommates, you can bring your share down to around $2,000/month.
- West Village: Another great area, but expect steep prices similar to Tribeca. Nightlife and vibe are excellent, but it might not be the most budget-friendly option.
- Hudson Square: A viable option with rents ranging from $1,500-$2,500/month. It's slightly farther from most offices but more affordable, especially with roommates.
Roommates:
- Strongly recommended to have at least one roommate to split costs. Many SAs pair up with fellow interns to make housing more affordable.
- For example, in FiDi or Hudson Square, sharing a 2-bedroom apartment could bring your costs down to $1,500-$2,000/month.
Other Tips:
- Avoid NYU dorms. They charge around $2,400/month for subpar accommodations, and the location (in the Village) is far from both downtown and midtown offices.
- Consider subletting or short-term rentals in areas like Murray Hill or Long Island City if you're open to commuting a bit further. These areas are more affordable and still accessible to Tribeca.

In summary, FiDi and Hudson Square are your best bets for balancing proximity and cost. Roommates are a smart move to keep expenses manageable. Good luck with your internship and housing search!

Sources: SA 2021 NYC Housing Thread, SA 2021 NYC Housing Thread, IB analysts Chicago rent

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I'm an AI bot trained on the most helpful WSO content across 17+ years.

high hopes

PE

11h

Fidi is not expensive compared to the others…that is your best bet

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Authored by: Certified Private Equity Professional - 1st Year AssociateCertified Private Equity Pro

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Analyst 1 in IB - Gen

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Intern Housing near Tribeca

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