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$5500 Budget for Safe, Young, Trendy Apartment

Started by Anto1869
almost 15 years ago
Posts: 1
Member since: Oct 2011
Discussion about
Hi I'm moving from Palm beach to NYC within the next 2-3 months. My budget is $5500. I'd like a 2 bedroom if possible, but a 1 bedroom apartment that's on the larger side is okay too. Modern and new apartment is a must. I'm 25 and work on the business side of fashion, so I'd like to be in a safe, young and trendy area. I'm basically broken my choices down to a few: 1.) Tribeca 2.) Greenwich Village 3.) Meatpacking/West Village 4.) Soho 5.) Midtown 6.) Upper East Side but I need help deciding which would be best for someone of my age and interests as I don't want to be living in an area which is too quiet but also not too noisy! If anyone can help with specific suggestions on buildings etc I'd really appreciate it! :)
Response by dealboy
almost 15 years ago
Posts: 528
Member since: Jan 2011

You are earning $220k at age 25? That's not bad. Hopefully, you save some of it.

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Response by Isle_of_Lucy
almost 15 years ago
Posts: 342
Member since: Apr 2011

What do you have against Chelsea?

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Response by julia
almost 15 years ago
Posts: 2841
Member since: Feb 2007

because you're coming from out of town your best bet would be to speak with an agent who can guide you and answer your questions regarding safety, location, etc.

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Response by FreebirdNYC
almost 15 years ago
Posts: 337
Member since: Jun 2007

If young and trendy is on the menu, Midtown and UES are not good ideas...

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Response by maly
almost 15 years ago
Posts: 1377
Member since: Jan 2009

You probably want newish construction or recent gut rehabs, if you have Palm Beach standards of habitability. Search for lofts, downtown, $4,500-6,000 to see what your budget gets you. It's better to be a little bit educated before meeting real estate agents; most are short-term types, and won't care so much about the fit if they get a commission today.
One thing to remember is that the standard commission for rental broker is 15% of the yearly rent (abouth 2 months), so your first checks (first month, security, fee) are going to add up to $22,000, before moving expenses.

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Response by Carolina
almost 15 years ago
Posts: 1
Member since: Feb 2011

Hi Anto, give me a call if you need help. I cannot tell you which neighborhood is best for you, but I can show you properties in the different areas you've requested above based on your criteria as well as show you different points of interest in each area so that you can make that decision for yourself. Safe travels. Carolina (PDE) 917.536.5470

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Response by tsarcone
almost 15 years ago
Posts: 8
Member since: Jan 2007

Hi, these neighborhoods are very different. I would be happy to work with you within your budget and get a better idea of your lifestyle and provide information on these neighborhoods, buildings and the rental process in NY. I am an agent and I do care very much about the fit! If you'd like any assistance (even if you do not rent with me), I can be reached at tsarcone@townrealestate.com. I wish you all the best with your move!

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

Have you considered a $6000 or $6500 budget?

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Response by ebabrah
almost 15 years ago
Posts: 79
Member since: Oct 2007

I'd think Meatpacking/highline area would be the hottest neighborhood right now.

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Response by nyc_sport
almost 15 years ago
Posts: 820
Member since: Jan 2009
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Response by wellheythere
almost 15 years ago
Posts: 166
Member since: Dec 2008

If I were in your position (and I basically am, minus the budget) most of those neighborhoods wouldn't be on my shortlist. I would focus on the Central/East Village area or Soho if I was committed to Manhattan. But honestly, most of your peers will be living in Williamsburg and I predict you'll spend most of your leisure time there. That would be top of my list.

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Response by NYCMatt
almost 15 years ago
Posts: 7523
Member since: May 2009

She's from Palm Beach. Methinks Mummy and Daddy -- if they're not paying for the whole thing -- are heavily subsidizing this $5500 monthly apartment budget.

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Response by front_porch
almost 15 years ago
Posts: 5325
Member since: Mar 2008

This is a tough game to play online because no broker can recommend an area that is "young" (that's against Fair Housing Laws).

However "new" and "trendy" are a different story. There are basically three Manhattan buildings that are contenders for someone with your profile, and none of them on the Upper East Side. Scratch that off your list.

ali r.
DG Neary Realty

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Response by hol4
almost 15 years ago
Posts: 710
Member since: Nov 2008

Hell's Kitchen

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Response by needsadvice
almost 15 years ago
Posts: 607
Member since: Jul 2010

Young and safe are mutually exclusive concepts.

Pick one.

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Response by jsw363
almost 15 years ago
Posts: 235
Member since: Dec 2008

Needs advice: I agree. It's hard to find young, trendy and safe--a very small nexus.

Anto: Your post isn't that helpful since it's not that specific. We have no idea if you need amenities (though presumably you want a doorman given your safety concern), commute preferences, size requirements, condition of apt, access to parks, access to bars/restaurants, etc.

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Response by christrunell
almost 15 years ago
Posts: 1
Member since: Mar 2009

CAll me 646-408-8048

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Response by jason10006
almost 15 years ago
Posts: 5257
Member since: Jan 2009

"Hell's Kitchen"

He said SAFE. This is one of the higher crime parts of Manhattan.

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Response by hol4
almost 15 years ago
Posts: 710
Member since: Nov 2008

"He said SAFE. This is one of the higher crime parts of Manhattan."

yes outdoor brunch on 9th is so dangerous.. and you base your assumption on????

see map:
http://spotcrime.com/ny/new york

so i guess he should scratch off anything south of 34th street.. as they're all worse off than HK

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Response by Brooks2
almost 15 years ago
Posts: 2970
Member since: Aug 2011

I heard Alphabet city was trendy now.

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Response by 300_mercer
almost 15 years ago
Posts: 10723
Member since: Feb 2007

For some one from palm beach, soho, central village, west village would be great. I would also consider close to Union Square / Flatiron area.

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Response by 300_mercer
almost 15 years ago
Posts: 10723
Member since: Feb 2007

Tribeca is too family oriented. Meat packing and west chelsea is too disconnected from the city.

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Response by mynycse
almost 15 years ago
Posts: 86
Member since: Apr 2010

OP might want to stop by NYC to see the neighborhoods her/himself?

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Response by NYCDC89
almost 15 years ago
Posts: 6
Member since: Oct 2011

This is a luxury apartment in Greenwhich Village which seems to be what your looking for. It even has a doorman for added security.
http://www.urbansherpany.com/ApartmentDetail/37074/300_Mercer_Street/Algin_Management

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