NYC: Best Places to Live?

My 3 roommates and I are moving from a big state school in the midwest to NYC in July. We are all working in investment banking in midtown. 

I've heard around a lot that each section of Manhattan has it's own personality (murray hill = fratty, young for instance). I'm generally really interested in an updated discussion on where the best places to live in the city are. I am also curious about how important things like area, nightlife, commute are in making that decision. 

I've personally reached out to some people I know in the city, but I have gotten a wide range of responses, from Gramercy, East Village, Hell's Kitchen, and Murray Hill. 

We are mostly optimizing for price, but also would like to be in a fun area where we can get the most out of the city. Murray hill also seems to be close to all of our offices, but I've heard that commute isn't as big of a deal as many think. Seems like we are all WFH part of the week as well, which just causes me to put more stress on the importance of getting a good place, seeing as I will actually be living there.

 
Most Helpful

As you said, it’ll depend on what you are looking for (and your price range). 

In general, I’m not a fan of midtown, mostly corporate and touristy. 

I don’t like Murray hill, but it’s a popular spot for new grads. Lots of bars that remind you of college, easy commute to midtown. 

I prefer gramercy, east village, Greenwich village (or even west village). Nice areas, easy access to a lot of nyc (especially if close to union square), quieter at night (feels more like a neighborhood), and more of a “nyc” feel. You can quickly head to many of the bars in east village or Murray hill, but can also have a great meal at the restaurants (or hang out in one of the parks). Downside is that these areas tend to be more expensive and the building are generally older and have fewer amenities. 

 

East village and gramercy aren't just "more expensive" than murray hill, they are much more expensive. I know a lot of people who live in murray hill and hells kitchen. They live there not because they want to live there.

 

I agree, but it also comes down to what tradeoffs you are willing to make. You can find decently priced units in those areas, but they won’t be as nice as spending the same amount in Murray hill (but getting harder to do as rents are increasing). When I was more junior and had to make the choice, I prioritized location over amenities/“niceness” of building. At the end of the day, with $3-4k (and that’s higher than what an A1 should be spending) you aren’t going to get everything you want in nyc, so you have to decide what’s important to you (everything from A/C, dishwasher, to things like location, amenities, transportation, etc). 

 

I’ve seen a lot of love for East Village. Personally really thinking on that area. Great comments and appreciate it.

 

The upper west side is really nice, although more family oriented and a bit “slower paced” (residential, not a night club scene if that is what you are looking for). Also, that whole area is close to Central Park which is great if you like biking, running, or just being outside  

I wouldn’t live too close to the university, the area from 100-120th st isn’t the best. Not a terrible area, but definitely not as nice as Columbus circle up to mid 70s/80s. So if you have the budget and still want to be a short subway ride away (10-15mins) I would live around W65-80th st, probably closer to the park (broadway, Amsterdam, CPW). You will still have some bars and nice restaurants, but you won’t have the same “going out” scene as you will further downtown. 

 

I live with my girlfriend in lower Manhattan (Tribeca/battery park) and we absolutely love it! We are past that stage of going out and drinking (occasionally do it for a birthday) so we absolutely love how quiet and clean the area is all year round. We take a lot of walks around the water and always catch a movie at regal/picnic at the park and we feel super safe walking at night. I can’t imagine living anywhere else especially around midtown. While going out seems fun it gets old real quick and living around night life isn’t fun and it’s dirty and loud.

 

Have you considered Roosevelt Isle or LIC? Since you will be living with several roomies these locations offer larger (and often newer) places with plenty of access to fresh air/green space. They both are only a couple of stops from midtown so going to Happy Hour was not a problem. When I worked in the city, I lived further out so I could have a car. The downsides maybe when working after 12 AM in the office - trains are less frequent I think and the fact that you will not be living in the City. To be honest, the best food is located in the outer boroughs. 

 

LIC is serious poor people shit...stop trying to make it a thing, it is not.

 

Give me all of the MS you can throw...LIC is a dump. Doesn't matter that you have a shinny building. You can have a shinny building in NYC

 

Little bit of a moot point right now to be honest. If you are moving July 1 or 15, I would consider just above every area below the ~70s... pick a nice enough apartment, hopefully laundry in building or unit, that has a reasonable commute to your offices (under 30 minutes, no more than 1 transfer, under 10 min walk to subway from your house)

The current rental market is BRUTAL (bidding wars on almost every unit, things renting over listing price within hours of posting) and 4 bedrooms are hard to come by, you just don't have the luxury of picking and choosing neighborhoods right now if you have a tight move date, high # of beds needed, and are on a 1st year analyst budget. I would just make sure you're not super far from a subway, or giving yourself an impossible commute.

For me laundry in building at least is kind of non-negotiable, sending your laundry out on an IB schedule is brutal. Spend your first year in the city scoping out other neighborhoods and hope you have more choice next year if the market cools down a bit.

 

Damnnn UIUC? I should've accepted my spot on the waitlist then

 
[Comment removed by mod team]
 

Posted this earlier, but cannot recommend LIC enough. 

1) Food - while Manhattan is obviously the king of fine dining and salad restaurants, the normal restaurants in LIC are insanely better than Manhattan and decently cheaper. The Vietnamese place nearby is 10x better than any place I've tried in Manhattan for $11/bowl and the Korean place (shoutout Lim's Kitchen) is literally the best Korean food I've had in America. Just more ethnic diversity and lower rents = better food.

2) Price / commute - much cheaper even though commute is better. I used to live in FiDi and would commute 35 minutes to work with a transfer in the middle. I now am a 5 minute express train (E/M) away. I live about 7 minutes away from the train station so my commute is more like 15 minutes, but if I lived in the Court Square area I could probably do door-to-door to my firm in 8 minutes. Train is also reliable on weekdays and frequent. I also have a dope 2BR apartment that would probably be $6k+ in Manhattan for half the price. 

3) Community / Environment - Manhattan is too large and transient to foster a real sense of community. Go outside in LIC and there's parks, families, community events (free comedy shows and music acts every night at Culture Lab), breweries - and if you want to get into Manhattan for degen nightlife you're 10 minutes away. 

A lot more but these are probably the biggest reasons I prefer living here vs. Manhattan. Can't see myself ever living in Manhattan again.

 

My point exactly! Some people think the City is the best for everything. I say it is great for jobs and clubs. However, I have spent generations exploring the boroughs and know for sure that great things (especially food) can be found across the river. Best Greektown = Astoria, Best Chinatown = Flushing, Best Italian & Jewish Deli = The Bronx, Best Steakhouse = Brooklyn and Queens (Peter Lugers), etc... I do love the UWS (Riverside Park area) and Chelsea though.

 

Atque aut et non omnis voluptatibus. Et quia vel blanditiis culpa libero. Exercitationem quidem libero qui animi tenetur. Voluptatem ullam sed incidunt odio inventore.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”