How much to spend on NYC apartment as 2nd year analyst

Considering moving to NYC at the end of my first year (Currently at a BB in a non-NYC office) and was wondering how much I would expect to be paying for a half decent studio/1 bedroom for myself. I see a bunch listed (primarily studios) around the $2k range but wasn't sure what the norm is for bankers up there.

Comments (26)

 
Jan 11, 2021 - 3:30pm

Where are these $2K studios?

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

 
  • Analyst 1 in AM - Equities
Jan 11, 2021 - 3:56pm

I've seen studios for as low as $1.5k. Some are shitholes but others are half decent.

 
  • Analyst 1 in IB - Ind
Jan 11, 2021 - 4:12pm

I saw a good amount in Greenwich Village and a few in Midtown, some look half decent in pics but not sure it they'll actually be total sh*tholes (not from NY so no way to gauge what I should be expecting)

 
Jan 11, 2021 - 4:47pm

Oh ok cool

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

 
  • Investment Analyst in HF - Event
Jan 11, 2021 - 8:00pm

the ones that look half decent will surprise you on visit. Saw a few myself and those were usually pretty small or didn't have some facilities

 
Jan 11, 2021 - 7:01pm

Worldstar

I live in Midtown and live in 1br/1ba with a doorman and elevator for $2195.

What's the catch? I paid $1850 to have a master bedroom in a 2 bedroom 

Array
 
Most Helpful
Jan 11, 2021 - 7:16pm

if you want a nice building in manhattan with amenities (new appliances in kitchen, nice fixtures in bathroom, clean floors, rooftop, parking garage, nice lobby, maybe a gym)

1-bed of decent size (650 sqft minimum...750 sqft is more desirable) will cost $2500/month.

 

https://streeteasy.com/1-bedroom-apartments-for-rent/manhattan/price:-3500%7Cno_fee:1

 

if you work downtown, i strongly suggest 2 Gold Street, and you can probably negotiate 1 month free on a 13 month lease

https://streeteasy.com/building/2-gold-street-new_york/3106

 

if you work in midtown, this UWS building has a gym, pool, tennis court, and is REALLY nice

https://streeteasy.com/building/sessanta-229-west-60-street-new_york/12s

just google it...you're welcome
  • 3
 
  • Investment Analyst in HF - Event
Jan 11, 2021 - 8:04pm

My friend lives in a modern luxurious building in murray hill and pays ~2.3k for a studio - apartment has laundry and one of the best views I've seen of the skyline, building has a doorman, gym, etc.. I've seen studios around where I live (around NYU) for slightly higher. I wouldn't worry too much about whether you live in midtown, fidi, or in the village. Commuting to work will take you 15 mins +/- ~5mins from any of these places. If you can then you should consider paying ~2k for a decent sized place in a good building - chances are you face less problems from the outside eg. noise, bars, etc. You can find studios / 1brs from 1.5-2k in those areas 

 
  • Analyst 1 in IB - Ind
Jan 11, 2021 - 8:15pm

Dope thanks for the thorough response, what's a good area to live for Hudson Yards to make it a quicker commute? Chelsea seems obvious but expensive 

 
Jan 11, 2021 - 8:27pm

Hells Kitchen (midtown west) is a short commute...but ugh...you don't want to live near times square.

 

i'd suggest the UWS (upper west side)...short subway ride to midtown / Hudson Yards...and you'll be walking distance to central park.

just google it...you're welcome
  • 1
 
  • Prospect in IB - Gen
Jan 13, 2021 - 12:53am

From this thread it seems that not only do NYC bankers get paid 1.5-2x what London bankers get, but they also have cheaper housing options 

 
  • Analyst 1 in S&T - FI
Jan 13, 2021 - 2:44am

London housing is extremely expensive. I don't know how accurate the assessment of pay differences is tho.

 
  • Associate 3 in IB-M&A
Jan 13, 2021 - 1:51pm

Highly recommend a roommate in NYC if it's possible. The $1.5-2k studios are rare and you'd need to spend time going to each one because most are shitholes

There's just way more bang for your buck with a 2 bedroom - either a decent place that's cheaper with the split or a much nicer place for the same price as your studio. 

 
Jan 18, 2021 - 1:37am

Not considering a roommate? Me and my buddy are considering a few places near midtown on the east side that are in the 4k range for 2 bedrooms and 1.5-2 baths

Dayman?
 
Jan 18, 2021 - 1:33pm

Gotcha. Good luck finding something nice fam, im not familiar with the 1br market enough to help.

Dayman?
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