What's up everybody -- need some help understanding rent prices here in NYC. Is it safe to say any livable 1bdr / 1ba place on the west side is 4k+? Just so hard to fathom I'll be paying roughly ~40% of my post-tax $s on rent if making ~$190k salary w/ total OTE of ~$380k. Just want to make sure I'm not being irrational here and figure it'd be worth checking with others in same comp bucket.
| +21 | The Difference Between a Good Business and a Good Acquisition | 5 | 1d |
| +14 | Partners misalignmet common? | 4 | 17h |
| +13 | Leave MF PE for FP&A Manager at Top Company? | 21 | 1d |
| +12 | Career / Life Crossroads | 1 | 1d |
| +10 | How to prep for HH calls? | 3 | 2d |
| +9 | What to do - advice needed for incoming 27 associate | 0 | 3h |
| +7 | Stepstone PE Modeling Test | 3 | 3d |
| +7 | Wildcat (family office) - senior associate hiring | 1 | 3d |
| +6 | Opinions on DTCP? | 0 | 3h |
| +6 | Vet Rollups | 5 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Yeah, assuming your definition of livable is laundry in building / has been renovated in your lifetime, $4k is even on the low end depending on where on the west side. I would try to get a doorman as packages get stolen all the time in non-doorman buildings.
Not sure where your office is or how old you are, but you can do better on UWS price wise. It's a quieter, more family-oriented area but it's a very quick subway to anywhere downtown on west side.
I pay $5.5k for a 1 bedroom. NYC is nuts.
5.5k for a 1br? Can someone who has lived in both London and NY explain to me why people keep comparing London and NY rent prices? Genuinely London a 1br in a nice neighbourhood will only be like 1.8-2.2k if that? 5.5k you'll be living like a King over here in London.
UK PE Comp will be lower / in line.
MF will be like £200k all in (pre-tax). Post tax this will be ~£120k.
Rent will be ~£25k for 1 bedroom in decent area.
So ~20% of comp to rent in London.
The ~$380k is ~$235k post tax in NYC. Rent at ~$60k = ~28% of comp to rent in NYC
5.5k is a nice building in a good location, plenty of people pay less than that. Don’t forget the exchange rate has come down a lot as well. It’s like 1.25:1 now, but at one point it was more like 2:1, so a £2k flat would have been a $4k apt stateside.
In any case, lots of demand + small island = high prices
Very realistic to pay $4k+. I’m at $5k, which gets me a rent-stabilized luxury 1-bedroom (highrise built in the last decade, building and in-unit amenities, etc.) in a great downtown location right off the train
Fidi offers more bang for buck in NYC vs West Village. Generally more high rises with doormen and amenities (gym, common areas, etc). Access to all major subways makes getting to work easy regardless of office location. Trade off is it is a bit quieter on weekends which I don’t mind given how easy it is to hop on subways.
Fidi is elite in terms of dollar value and transportation options. That being said, UES / UWS if your office is walkable is probably going to be defintely cheaper (if not older)
Minima excepturi aperiam quasi dolor. Aperiam at iusto sed porro corporis expedita fugiat. Omnis provident aliquam doloremque id amet enim.
Rem quis et iure omnis quae ut eos. Non ea libero quam quam veniam vel est. Sed deserunt vero voluptas. Dolores necessitatibus sed eos perferendis aspernatur. Modi sunt ipsa fugit quaerat. Est est fugiat quo iste.
Exercitationem aperiam sequi occaecati ut saepe tempore dolore. Placeat dicta ipsa quibusdam iusto exercitationem. Explicabo quaerat est aut et sapiente rerum sed. Minus impedit et explicabo autem dolor. Sunt fugiat fuga et ut neque rem quas. Eum voluptatem eos consequatur porro eaque.
Nisi ut ea voluptas eaque vel id. Incidunt nulla sapiente quam voluptatem qui nisi eum. Rerum magni temporibus iure temporibus inventore. Qui quis alias fugit fugiat. Ea recusandae consequatur et ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...