Where to live on $2K a month? (NYC)

If my office is in Midtown. Park Ave.

Looking for a 1 bedroom. I have a gf so a studio is not an option. Not working IB hours.

I understand it’ll be tough on $2,000-$2,300 (excluding utilities) but would like to keep the commute within 35-40 min each way. I’d absolutely have no problem looking at Harlem but it’s pretty far out, from what I understand.

 

There are small, older walk up one bedrooms in the UES for around that price. One of my ex girlfriends used to live in a 2200 one bedroom up there. It wasn't nice, but it was fine for a young person. Quick commute down the 4/5/6 too. Potentially Hells Kitchen or LES have similarly not nice on bedrooms for the same price. If you want something nicer, Astoria on the 7 isn't so bad or anywhere in Brooklyn on the 4/5 will likely be less than 35 minutes.

 

If you haven't already, check out the website Streeteasy. Even if you're not looking for an immediate move in, it'll help you get a sense for what you can get in each area. I agree the best place to look is UES/Midtown for no amenity, walk up buildings. If you stay in Midtown or even Murray Hill, you could walk to work which would also save you the $120/month on subway.

 
newschool332:
If my office is in Midtown. Park Ave.

Looking for a 1 bedroom. I have a gf so a studio is not an option. Not working IB hours.

I understand it’ll be tough on $2,000-$2,300 (excluding utilities)

Is your girlfriend not paying rent or something?

"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
 

I have this theory about renting. Either go all out and splurge on a super nice place in a prime location (and enjoy the benefits). Or absolutely penny pinch and rent some guy's couch in a mediocre location -- the money saved goes towards a pursuit of a passion and/or investment.

Don't half-ass it. Go all in. Or live like a hobo. No in between.

 

Same situation with myself. Checked UES and there is no value and you wind up paying 2600-3000 for something that has no amenities, a box, and is dirty. I have looked in Hoboken and just secured a place for $2050 with a brand new kitchen, 600 sq ft, and a 35-40 minute commute all in to midtown. Really check Hoboken out. Value is there and is nicer than brooklyn and UES.

 
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CONNUMMA:
Same situation with myself. Checked UES and there is no value and you wind up paying 2600-3000 for something that has no amenities, a box, and is dirty. I have looked in Hoboken and just secured a place for $2050 with a brand new kitchen, 600 sq ft, and a 35-40 minute commute all in to midtown. Really check Hoboken out. Value is there and is nicer than brooklyn and UES.

I'm going to disagree on Hoboken because of his work location. I imagine he will be working for the likes of JPMC or Bloomberg, and that is at least a two-train two-fare ride from Hoboken. While I would agree with you if he worked in midtown west, and didn't have to transfer from the PATH to the subway, as I do not, (I work downtown) Hoboken is not convenient to Park Ave in the 40s/50s.

The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
 

UES and Midtown are boring.

I'd say either live very close to work in midtown, or check out East Village/LES/SoHo.

The places in midtown/UES will probably look nicer with newer appliances, but you'll have more fun downtown.

"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
 

Everyone would love East Village. Astoria is booty. I checked out Astoria and Hoboken is better on multiple levels. It is more built up, similar value, safer, cleaner, and the commute is better. Also, everyone in Hoboken is young.

 

Hoboken definitely has more going on than Astoria, but your transportation options in Hoboken are much more limited (especially during the weekend) and taking cabs from manhattan will cost twice as much. So it really comes down to whether you envision yourself hanging out in your local area or if you want to explore more.

Brokers aren't bad because it helps lessen the chance of finding yourself in a truly hellish scenario a la craigslist (or an apartment that doesn't even exist). But it will always cost more and they will likely try to offload their shittiest stuff for the highest price if they feel they can get you to bite, which goes double if you're doing this remotely and you plan to sign without actually seeing the place. Just remember you can always negotiate down below asking rent, they'll probably be willing to throw in an extra free month or two.

 

Harlem isn't far out, at all.

Hell, you can live in Crown Heights, which is only a 35 minute train ride from Grand Central. Prospect Heights. Etc. City doesn't end at the East River. Hell, Downtown Brooklyn is experience an enormous glut of supply; nominal rents might be 2,500 for a 1bdrm but if you can negotiate a 2 month concession, all of sudden your net rent is actually 2,083/mo.

 

isn't the brooklyn issue due to shutting down parts of the sub for a while? may want to double check as that'd suck if you got fooled into that.

Ozymandia:
Harlem isn't far out, at all.

Hell, you can live in Crown Heights, which is only a 35 minute train ride from Grand Central. Prospect Heights. Etc. City doesn't end at the East River. Hell, Downtown Brooklyn is experience an enormous glut of supply; nominal rents might be 2,500 for a 1bdrm but if you can negotiate a 2 month concession, all of sudden your net rent is actually 2,083/mo.

If the glove don't fit, you must acquit!
 

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If the glove don't fit, you must acquit!
 

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