nyc housing question

sthief09 · #1 12-08-2005, 06:19 AM

im taking a class in industrial budgeting and have to make a profit plan for myself. how much does a studio apartment in manhattan cost? figure some place like murray hill. also, what areas are similar in price to murray hill? id be splitting the studio so id probably want it to be biggish

tonypaladino · #2 12-08-2005, 06:21 AM

Anywhere from $1000-1500

whiskeytown · #3 12-08-2005, 06:22 AM

that's it for a studio? - obviously that's high, but I expected it to probably be more...inneresting...

RB

tonypaladino · #4 12-08-2005, 06:24 AM

Eh, I know someone on E28th, which I guess is Murray Hill, that pays $1200 for a studio

Edit:
These are small studios BTW

sthief09 · #5 12-08-2005, 06:26 AM

[ QUOTE ]
Anywhere from $1000-1500

[/ QUOTE ]

per person or for the whole thing? would $1500/mo be enough for 2 people to live in sharing one bed? most people pay around ~$1200/mo/person out of college right?

tonypaladino · #6 12-08-2005, 06:30 AM

whole thing.

ohnonotthat · #7 12-08-2005, 06:34 AM

Minimum 1,200 for anything you'd be willing to spend more than an hour in - this refers to both the interior and the neighborhood.

Not sure about M Hill - never looked for a place there - but if this important to you, PM me and I'll give you an answer to within 10%.

If two of you are splitting the rent you ought to at least look at a loft - these are typically in creepy neighborhoods (not dangerous, just ugly . . . factories, etc) but they are very spacious and parking is often reasonable if not free. (It can cost up to 400/month in some areas).

You may also want to consider either DUMBO or Brooklyn Heights (both in Brooklyn); neither is cheap but both are a little less exp. than Manhattan and both are 7-10 minutes from Manhattan by subway.

whitelime · #8 12-08-2005, 06:35 AM

My friend has a union square apartment that is slightly bigger than a studio that he pays $1700 for.

whitelime · #9 12-08-2005, 06:41 AM

BTW, you ever been to The Ginger Man? It's a bar in Murray Hill.

ohnonotthat · #10 12-08-2005, 06:46 AM

My quote (~ 1,200) was for the whole thing; rents are very seldom quoted per person.

As to most people paying 1,200 per person right out of school ? ? ?

None that I know of.

NYC has a salary structure that sounds insane to anyone who doesn't and never has lived there (secretaries that DON'T put out often make 45k+) but . . . 18k/year for rent ?

(The 45k is gross take home; a single person wd be lucky to clear 65% of that after NYS tax, NYC tax, etc. which would mean half their take home was going to the landlord)

If that is what newbies are paying I'm even happier I left. [img]/images/graemlins/grin.gif[/img]