Housing and Real Estate in New York City, New York

Bring a lot of money. Manhattan apartments run $3000/month for a studio. Even in not so great areas. You can get that even in Brooklyn and Queens and have a place to park and still be an hour or more to the city (Manhattan). Unless rich your best bet for living decent is to go to Long Island and get a place near an LIRR train station.

Everyone seems to know about New York City real estate, but I’ve seen many newcomers taken aback by the overall cost of living, even after doing research before the move. Plan ahead: save money to get you through the first few months, make a budget and stick to it, and do your research. it’s always a good idea to visit the city to which you plan on moving ahead of time, especially if the move involves a major lifestyle change.

Above all, know moving to NYC is very expensive. That being said, there are always more budget-friendly options for residents with lower salaries. Apartments located farther from the city center are lower in price, and the public transportation system makes getting around the city without a car fairly easy.

Of all the important considerations when apartment hunting in NYC, there is one in particular that tops my list: transportation. I learned this lesson the hard way; I fell in love with a bright, airy, two-bedroom gem that was in a quiet neighborhood that had tree-lined streets and loads of charm. I was too excited about the possibility of having a small garden to remember that there was no subway nearby. I spent the following year cursing my choice, planning my move, and discovering that a subway platform is lovelier than a daffodil.

Knowledge of the subway, and obtaining a readable street map of the five boroughs — Manhattan specifically — is handy. Rent guidelines, i.e., knowing the going rate of city rentals is also helpful. Persistence and dedication will always serve one. Diversity and inclusion are imperative. Networking is an asset. Knowing which coffee shop one can depend on 24/7 can be invaluable.

Be especially thoughtful when selecting in which neighborhood they want. The skyrocketing rents may prevent aspiring residents from obtaining a satisfactory apartment that is close to public transit, essential services, and vibrant cultural landmarks. One should conduct comprehensive research before even moving to evaluate whether such a decision will be financially feasible.

Traffic is bizarre in NYC. And often people make mistakes of buying way overpriced homes. You wouldn’t usually live in the city unless you’re very wealthy and upper class. However, the city is beautiful and I would recommend anyone to move here. As famously said, it’s the city that never sleeps.