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 building over on W. 81st is ace
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.
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 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 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.
Even has its own NY Times article: http://www.nytimes.com/2008/05/07/nyregion/07lofts.html
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
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