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Latest posts by Gea Elika (see all)
- Accepting the First Offer on Your Home - May 18, 2018
- FOR SALE: Consider this Before Making a Price Cut on Your NYC Apartment - May 17, 2018
- What is a Real Estate Closing Statement? - May 14, 2018
New York City has a diverse collection of neighborhoods. Before you decide that a certain neighborhood fits your lifestyle, consider how these four things could affect you.
New York City has a high cost of living, especially when it comes to buying and renting real estate. Don’t expect to find a cheap place, even if you’re okay with living off the beaten track.
Prices fluctuate quickly as some neighborhoods become trendy and others lose their appeal.
Currently, Tribeca is the most expensive neighborhood. Expect a one-bedroom apartment in Tribeca to cost about $4,000. You can cut that price down by moving to Astoria, where a one-bedroom rental only costs about $1,850.
If you want a hip neighborhood with decent prices, look to Williamsburg, Greenpoint, and Brooklyn Heights. Those areas have one-bedroom rentals between $2,000 and $3,000.
Image via Flickr by Jay Woodworth
You should also consider the different crime rates in New York City neighborhoods. Luckily, the New York City government makes it pretty easy for you to check crime rates in different areas.
According to the NYC Crime Map, Williamsburg has about 130 crimes per month, which comes to just over one crime per 1,000 residents. The West Village has about 120 crimes per month, but that comes to about 1.8 crimes per 1,000 residents.
Consider how much crime you and your family can tolerate, and choose your neighborhood accordingly. It will have a huge influence on your experience living in New York.
New York City is a cultural hub, but each neighborhood has a unique flavor. Investigate those cultures before choosing a neighborhood.
If you don’t care about going out on the town, then the Upper East Side’s quiet streets could suit you well. If you want to enjoy museums and parks without getting on the subway, consider apartments in Midtown or the Upper West Side.
Those who prefer eclectic shops and entertainment should think about crossing over to Williamsburg or Brooklyn Heights. These hip neighborhoods have a lot of up-and-coming artists, bands, and entrepreneurs.
In addition to the neighborhood culture, you should spend some time thinking about the building you live in. The Upper East Side might offer plenty of quiet for most residents, but experiences are different if you live in an apartment above a bar, club, or restaurant.
Types of Housing
Some neighborhoods have become associated with certain types of housing. If you prefer a specific type of housing, then you can narrow your choices.
If you like brownstones, try Brooklyn Heights and the Upper East Side. Some brownstones have been split into apartments. Others are much like townhouses, which usually cost more.
If you like loft apartments, look to downtown New York City. Any neighborhood that once had a lot of unused commercial space will probably have loft apartments. These apartments can give you a lot of space for your money and are ideal for people who love open areas.
If you want to buy or rent a stand-alone house, you will need to drive away from the city’s center. Places like Sheepshead Bay in Brooklyn have beautiful stand-alone homes. You can also find stand-alone homes in some parts of Queens and Long Island.
Now that you know a little more about housing in New York, what neighborhood will you focus on?