$950k In Gramercy Park
This is a high-floor, Junior 4 co-op apartment in Gramercy Park, Manhattan featuring Southern and Eastern exposure with great natural light. The property sold for $935k in 2019 after just 9 days on the market.
Gramercy Park Towers is a full-service luxury building which features a full time doorman, concierge services, state of the art fitness center, a lovely Zen garden with a seasonal fountain, on-site parking garage and bicycle storage.
The building is conveniently located near lots of shopping, restaurants and entertainment with great proximity to Union Square as well as the 4/5/6/L/N/Q/R and W trains.
The Average Rent In New York City
- Living in New York City is expensive, but how much you can expect to spend will vary depending on where you decide to live
- Your monthly rent expenses should never be more than 30 percent of your pre-tax monthly income
- Rent isnt the only money youll spend, youll also have groceries, car maintenance and other monthly expenses.
What Are The Most Expensive Neighborhoods In New York City
When it comes to living in New York City, the closer you are to all the things that make New York great, the more you can expect to pay. Living in Brooklyn will cost more on average than living in Staten Island.
And it’s more expensive to live in Manhattan than in Queens. But one thing is constant: Whether it’s Central Park or Corona Park, the Brooklyn Academy of Music or Lincoln Square, the closer you are to the action, the higher the cost.
Renting A 1 Bedroom Apartment In Manhattan Ny
Youre searching for one bedroom apartments in Manhattan, NY and wondering how to go about it to save time and money? Currently there are 180 apartments available for rent, from $1,700 to $11,494 with an average living space of 884 Sq.Ft.. Whether youre searching for a one bedroom efficiency that offers the basics or a one bedroom furnished apartment for a bit more comfort, finding just the right apartment can be a little challenging. Now if youre also on a budget, finding an affordable 1 bedroom that is better than just good enough, could be the struggle of the year. Plus, there are 1-bedroom apartments in low-rise buildings, or in high-rises, there are 1-bedroom apartments plus a den, or tiny 1 bedrooms with little wiggle room. There are brand new modern apartment buildings and landmark historic buildings. You certainly have a lot to consider.
$750k In East Village
This beautiful, spacious and true one-bedroom co-op in the East Village offers plenty of pre-war charm with its exposed brick and decorative fireplace. It sold for $730k after just 46 days on the market.
This pre-war, walk-up building is one block away from Tompkins Square Park and close to many great restaurants, shopping, and supermarkets.
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What Is The Cost Of Living In New York City
Now that we’ve determined what we need to earn and what we can afford, we need to look at the rest of the numbers. Rent only accounts for part of your living expenses. You still need to budget monthly for utilities, internet, online subscriptions and more. And those costs can vary wildly depending on where you live.
- Overall: The overall cost of living in New York City is 148.6 percent more than the national average
- Groceries: The cost of living for groceries in New York City is 51.7 percent more than the national average
- Housing: The cost of living for housing in New York City is a whopping 461 percent more than the national average
- Utilities: The cost of living for utilities in New York City is roughly 5 percent less than the national average
- Transportation: The cost of living for transportation in New York City is 31 percent higher than the national average
- Healthcare: The cost of living for healthcare in New York City is about 9 percent more than the national average
- Miscellaneous goods and services: The cost of living index for miscellaneous goods and services in New York City is 33 percent more than the national average
Furnished Apartments In Brooklyn
The borough of Brooklyn has seen something of a resurgence in recent decades. The illustrious home of Woody Allen, Barbra Streisand and Mike Tyson is rapidly shedding its reputation for being tough and is currently one of the trendiest and most desirable parts of the city. From the hipster haven of Williamsburg to the bustling bistros of Bensonhurst, and everywhere in between, furnished apartments in Brooklyn are readily available and diverse in cost and character.
This youthful and lively borough is often the first choice for young professionals moving to New York City due to its combination of reasonable rents, artistic buzz and community vibe. However, Brooklyn also defies stereotypes, and its sheer diversity means that its also got neighbourhoods like Park Slope and Prospect Park that are ideal for building a peaceful family life.
The hip, up-and-coming area of Bushwick is a particularly popular destination for students and young professionals at the moment thanks to its affordability, cheap vintage stores, cool bars and artist-run galleries. Other great options for Brooklyn apartment rentals include the nearby area of Bedford-Stuyvesant – Jay-Zs old stomping ground – and the multicultural neighbourhood of Flatbush, both of which offer a variety of properties and contain vibrant communities.
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How Transparentcity Collects Average Rent In Nyc Data
A frequently asked question is how much does an apartment cost in NYC? The apartment cost in NYC is highly dependent on the neighborhood and size. Our figures are calculated based on aggregated listings data acquired directly from NYC management company websites. Listings data only includes management company market-rate apartment availabilities and does not include broker listings. If you are in the market to rent an apartment in NYC and want to rent directly from management companies to save on fees, go to Transparentcity for a full list of no-fee apartment buildings.
Average Rent In NYC Grouped By Neighborhood
Average Rent In NYC Grouped By Bedroom Size And Building Type
Within each Neighborhood, Average Rent in NYC is further divided by Building Types, which fit into 3 categories:
Can You Live In Nyc On 60k A Year
Of course you can live on a salary of 60k. Its easier to do this than in most parts of the U.S., because you dont need a car or house or tons of furniture here, just a little apartment. Pretty much all you have to pay here is rent, food, and Metrocard. 60k isnt even a low salary.
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Apartments For Rent In New York City Ny
Times Square, Wall Street, Central Park.. The landmarks of NYC are awaiting your visit. Living in this magical concrete jungle is definitely a dream of so many. NYC holds a great deal of potential for both travellers and expats as well as students. The city responds to the needs of both short and long term stays. With many furnished apartments and serviced apartments, you can find a great rental for your stay in the city.
Are you moving to New York City and looking for apartments for rent? We currently have 29.842 available rental apartments in New York City. If you want to find rentals in New York City, here is some useful information that might help:
What is the average rent in New York City?
The average rent for apartments for rent in New York City is around 2374$
Is rent cheap in New York City, and how is the price range?
Rental prices for apartments in New York City could vary in different sizes and locations as well as quality. Rental prices start from 2374$ and can go up to 10973$.
How much is the rent for a 1 bedroom apartment in New York City, NY ?
The average rent for a 1 bedroom apartment in New York City is around 2471$. We have now 9512 listings of 1 bedroom apartments in NYC.
How can I move to New York City during COVID-19?
Our selected partners provide a range of solutions for your move-in process to be safe. You can directly message landlords on our site and arrange safe house viewing
What do furnished apartments in New York City include?
The Average Size For One Bedroom:
Since 2000, according to different studies, the average size of a unit worth living in NYC remained 866 square feet. In the same breath, it was seen that the majority of the units in markets like New York are under 700 square feet in size. There is no minimum restriction on the size of the apartment.
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New York City Transportation
As one of New York’s most famous features, the New York public transportation system is one of the most comprehensive systems in the world. Not to mention, it runs 24/7, which helped the city earn its nickname as The City That Never Sleeps.
It’s the driving force behind New York’s impressive status as the only city in the US that boasts a majority of households without personal vehicles.
The vast majority of New York residents commute to work via public transportation, biking, or walking.
The average single NYC resident spends $4,332 on transportation costs annually, while a family of four with two children spends $11,773. You can cut these costs down by using public transportation as your primary method of getting around.
A 30-day unlimited MetroCard pass costs a low $127, which translates to $1,524 annually for unlimited access to the subway and local buses.
In short, if you make the move to NYC, be prepared to spend some time learning how to navigate the city’s massive public transportation system if you want to save big.
Local New York Apartment Living Guide
Whether you call it “The Big Apple”, “The City That Never Sleeps”, “Gotham” or plain old “New York, New York,” there is no denying that NYC is one of the greatest cities in the entire world. Other cities have long since surpassed it in size, and yet for some reason, it is still the city against which all others are measured. It doesn’t seem to matter what happens, New York remains in most eyes, the greatest city in the world.New York has a true metropolitan population, with people from all over the globe making their home there. It is the center of the global financial markets. Broadway is home to what many consider the greatest shows on Earth, and the shopping is unrivalled. However you define a great city, the chances are that New York is a standout.
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What $750000 Buys You In New York City
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That pinch youre feeling when it comes to housing may be real.
The average price of an apartment in New York City has surpassed its last peak, 2008, before the recession hit and the housing market collapsed. And that new high, about $1.7 million in Manhattan, may cause potential buyers to draw in a sharp and painful breath.
Even median prices, which better reflect whats going on outside the luxury market in buildings that arent snazzy Midtown spires, may prompt shock.
According to the Corcoran Group, the real estate brokerage, the median price of all apartments in Manhattan is now $916,000. The median price of a one-bedroom apartment in Manhattan is $710,000.
But median doesnt have to mean mundane. Surprising results can be achieved if, say, $750,000 is deployed creatively in the resale marketplace, whether in Manhattan or the outer boroughs. After all, many prospective buyers prefer to stay in New York City rather than decamp to the suburbs.
Its so much cheaper here, and you get so much more for your money, said Cosimo Tacopino, a salesman with Neuhaus Realty in Staten Island, making a pitch for a house facing a leafy park in Tottenville.
But Mr. Tacopinos words could easily apply to several other listings in the city.
Notable Average Rent In Nyc Statistics
Common questions related to NYC rent include: how much is an apartment in New York City? How much does an apartment cost in NYC? The average rent price in NYC for a market-rate walk-up apartment is well below the overall city average, which effectively paints a different picture of NYC rent affordability. However, the supply of walk-up apartments is very low relative to luxury apartments. There is roughly a 7:1 listings ratio of Elevator Doorman apartments to Walk Up apartments at any given time. Days on market for walk-up apartments move quicker which shows how high in demand they are and how quickly apartments move at lower price points even in times of Covid. Looking for one of these hidden gems? Here is an active list of Walk-Up Apartments for rent.
The vast majority of apartment availabilities in NYC are in Luxury Elevator Doorman buildings which is why overall average rent prices in NYC are skewed much higher. Do you have the budget and want to live in one of these luxury apartment buildings? Here is an active list of Luxury Doorman Elevator buildings for rent. There are plenty of options to choose from.
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Find A New Favorite Park
Although Central Park gets all the hype, New York plays host to over 1,700 parks. These parks are free, fun, and offer fitness opportunities for the whole family.
Whether you’re an everyday jogger, a tennis fanatic, or a birder, a day out at one of NYC’s parks presents the opportunity for entertainment and fun. Better yet, it’s free your bank account will thank you.
What Salary Do You Need To Live In New York
Using the 30% rule, we can give a rough estimate of the salary needed to rent an apartment in New York. If these numbers look high, remember that a roommate or two can drastically cut down your monthly rent!
- If you are renting an average priced studio apartment in New York, your annual salary should be around $116,532 or higher.
- If you are renting an average priced 1-bedroom apartment in New York, your annual salary should be around $136,980 or higher.
- If you are renting an average priced 2-bedroom apartment in New York, your annual salary should be around $206,928 or higher.
Ready to make the move to New York? Start apartment hunting in New York with our quiz!
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Determine Your Wants And Needs
The first step in deciding which apartment style suits you best is determining what you want and need. What matters most to you? Is it price? Do you want to entertain guests, or do you mostly keep to yourself? How much do you value privacy? These are all things youll need to consider when choosing your perfect home.
How Much Would I Have To Pay For A Studio Apartment In New York City
Concrete jungle where dreams are made of. There’s nothing you can’t do. Now you’re in New York. These streets will make you feel brand new. Big lights will inspire you. Let’s hear it for New York.
When you think of New York City, a lot of things come to mind: Concrete Jungle, Skyscraper National Park, The Big Apple. When you think of apartment hunting in New York City, one thing comes to mind: Pounding Headache! Have no fear we’ve outlined all the information youll need to make the search as quick and painless as possible! So get into your Empire State of Mind, grab your MetroCard, and lets go!
Having trouble with Craigslist New York? Can’t find that special apartment for rent on Apartment Finder or Zillow? Apartment List is here to help!
The Bare Essentials to Call NYC HomeWhat’s it Gonna Cost? No matter where your apartment hunt takes you, there are a few things we recommend you have handy. Of them, the most important has to be some cold, hard, cash. New Yorkers should expect to spend ¼ of their annual income on rent. Landlords like to see that your annual salary is at least 40 to 50 times the cost of your monthly rent.
Getting Your Priorities Straight: Chances are that you, like most New Yorkers, probably wont have everything you desire in your immediate vicinity. Are you most concerned with the size of your new space? Commute? Prioritize the things that are most important to you before you set about your hunt.
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Find Your New York City Neighborhood
New York is the greatest city in the world and a wellspring of opportunity. If the prices don’t scare you off, then take a look at the available homes for sale or apartments for rent and get started finding your new home today!
Rent prices are based on a rolling weighted average from Apartment Guide and Rent.com’s multifamily rental property inventory of one-bedroom apartments. Data was pulled in December 2020 and goes back for one year. We use a weighted average formula that more accurately represents price availability for each individual unit type and reduces the influence of seasonality on rent prices in specific markets.
Neighborhoods with insufficient inventory were excluded.
Cost of living data comes from the Council for Community and Economic Research.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.