NYC BB: where to live my first year?
Hello all
I just accepted an offer at Goldman!
What is your recommendation in terms of where to rent an apartment?
Where can I get the best bang for my buck while staying as close as possible to the office?
I’d like to stay below the 3.5K$ line (living alone)
Thanks!
Assuming your base is $$10k, you wouldn’t be able to rent a place for $3500. Divide your salary by 40, and that could be your max rent in NYC without a guarantor, I believe.
I am an incoming associate
Bump
Congrats on the job offer !!!
Murray Hill is the default answer for post grad headed into NYC banking because of most offices being in Midtown. GS puts you in a different spot though as you will [presumably] be out of 200West. Look for downtown spots — especially as an associate with a little more budget for these trendy areas, you’ll be much closer to work and fun. If you care less for the social (read: bing drinking) scene on the weekends, then 100% just get a place in a nice modern building in the financial district. You’ll get fully loaded amenities, elevator building, nice modern place for the same price as the trendy spots
In a similar situation as OP, moving to nyc to join RBC as a VP. Rent around 200 west looks completely messed up. Pretty much starting at 4K for tiny 500sq ft studios. Street easy doesn't even show anything walking distance for sub 3.5k. Anything I'm missing? Or is this just the market. Thank you vm.
Hey yes please don’t get discouraged it’s not that hopeless overall. For starters I have to address that yes, the market is ridiculous right now and apartments are a bit more expensive than they used to be. HOWEVER, the prices you’re seeing in the immediate vicinity of 200 west are “missing” some info as you mentioned. The area you’re looking at is either: Battery Park city (a pristine neighborhood where you’ll raise a family some day — emphasis on some day), TriBeCa (where you’ll live if you ever become a household name on television), or “Hudson Square” which is effectively just tribeca. Unfortunately Tribeca is unfathomably expensive and is largely not populated by mere mortals. Additionally Battery Park City is just overly nice to the point that you could let your small child run around unattended - there’s even a marina where yachts dock up. For more reasonable prices, look a bit further south and east into financial district. Like really down there in the meat of the peninsula. If you look just up above where the peninsula really gets fat — that’s tribeca. And heavy west on the peninsula is battery park city. The rest, just generally IN the peninsula has real nicely done apartments, almost all elevator buildings, doorman, amenities, access to Stone Street (where you’ll have many beers), and most importantly fair prices. Cheers
Also curious, seems FiDi is the way to go. Otherwise, Chelsea or West village if you want to dish out more rent.
The appeal to the West Village IMO is that women think you’re hot for living there. It’s wonderfully charming, which I definitely enjoy, but it’ll get old fast. For your occasional Tinder date though — they’ll be magically swept away on their visit. If this is your priority, then the West Village is your neighborhood. Otherwise your money is well spent elsewhere. Also the appeal the Chelsea is that it’s almost (?) West Village(geographically only). 90% of Chelsea is super grimy, then there’s the portion near the clubs which is mind numbingly expensive and lacks literally any form of public transportation. If you want public transit you will have to live on/around 7th or 8th Ave which is NOT a flex. At all.
Congrats OP, what desk/product are you joining for?
for living, you could consider something close to a 4/5/6 stop on the east side - think Nolita, Greenwich/east village, gramercy. If you manage to live by an express stop it’ll be a very quick ride to the office
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