Assuming you mean renting, Manhattan has a 40x/salary renting rule. Meaning if you rent an apartment for $3,000/month you must earn $120,000.
A one bedroom in a decent neighborhood with amenities (in Manhattan, that means elevator, doorman, on-site laundry) will start between $3,000 and up – at about 600 square feet.
(Of course this depends on what you consider to be decent, i.e. this is what someone would pay living in a "luxury" facility. If you live over a Chinese restaurant in Lower Manhattan, chances are you’ll pay a lot less.)
A studio is usually $2,500 and under.
Assuming your landlord allows combined 40x/salary income, you could afford up to $4,000/month. Some landlords allow this, some don’t.
You can live very nicely in south Harlem (W 120th street and UNDER), which is being renovated to a yuppy-esque type neighborhood. You could probably get a 1,600 square foot penthouse there for $4,000 a month versus a 500 square foot "convertible" one bedroom in SoHo.
(If by chance you see an apartment you like here, avoid renting through these websites unless the listing explicitly says "no fee" or you’ll end up paying a multi-thousand dollar fee to the site.)
UPDATE:
JESSE, please. I didn’t "make" anything sound like the garbage you’re talking about. I didn’t mention rats, or trash or whatever nonsense you’re babbling about.
There are apartments over restaurants and stores. They are cheap.
What is your point?
I didn’t say it wasn’t possible to rent elsewhere. Obviously, not all the buildings in Manhattan cost that much.
This really shouldn’t need to be spelled out.
If anyone made such a broad assumption based on one sentence, then she’s an idiot.
"Living comfortably" means very different things to different people. As the last answerer said, most landlords will require an annual income of approx. 40x the monthly rent, so by that standard it sounds like you could pay $3500 for a "luxury" Manhattan apartment. However, will that provide enough space for you to feel comfortable? Does your vision of living in Manhattan involve things like designer clothes shopping, fine dining, clubbing? Will you be comfortable getting around by subway and bus, or will taxis or car ownership take up a huge chunk of your budget? It’s certainly possible, but only you can determine if living in Manhattan will work out comfortably for *you*.
I have to second "FONTAINE’S" and "AMANDA’S" (I don’t know why we’re writing in all capitals…) estimation. If you don’t mind living in a less than desirable neighborhood, you could certainly rent for less.
Considering FONTAINE specifically said that the prices she mentioned were luxury, I don’t know why it’s being expounded on.
But depending on what you consider to be "comfortable", the price will certainly change. Nicer apartments will cost less. However, you can certainly rent for $1,200 if you don’t mind living in the projects.
If you want a nice apartment then you will be paying $2,500 and up.
—
YOU are obviously huffy because you can’t afford to live in an apartment that isn’t infested.
Nonetheless, I’ve read her post. I don’t need YOU spelling things out and then attempting to put words in her post that clearly aren’t there.
There is an obvious difference between living in Trump Place and the apartment that sits over the Blockbusters.
That said, it doesn’t mean the apartment over Blockbuster’s is full of animals and smells as you’ve suggested. It’s simply less than desirable living for some people; I assume you’re literate so I don’t get how basic reading comprehension escaped you and you went on a fit about rats and grease.
I think some of the advice you’ve receieved are prettycorrect. I assume if you have a combined income of $160,000 a year, you would probably want to live in a nicer luxury apartment and not a hole in the wall. You can either buy a decent sized apartment for $400,000+ or rent one around $3,000+.
If you don’t mind living in a lesser enviornment, you could find cheaper.
Wow.
One of my friends lives over a Greek restaurant. It’s not greasy or rat infested as Jesse makes it seem about all apartments over other buildings. It’s very nice and is pretty large. In fact, I wouldn’t mind living over a restaurant or store. It makes getting dinner easy. But like Fontaine said, it’s probably cheaper than getting a place in a high end building.
I think Dude0116 is correct, to make a good living six figures is ideal.
It seems everybody agrees with each other.
Amazing how if someone disagrees, some people get up in arms over it. God forbid someone else have a different opinion about what constitutes "comfortable."
More than 80K a year.The two of you need to make at least a six figure salary if you want to live comfortably in Manhattan renting or buying either way its expensive
Assuming you mean renting, Manhattan has a 40x/salary renting rule. Meaning if you rent an apartment for $3,000/month you must earn $120,000.
A one bedroom in a decent neighborhood with amenities (in Manhattan, that means elevator, doorman, on-site laundry) will start between $3,000 and up – at about 600 square feet.
(Of course this depends on what you consider to be decent, i.e. this is what someone would pay living in a "luxury" facility. If you live over a Chinese restaurant in Lower Manhattan, chances are you’ll pay a lot less.)
A studio is usually $2,500 and under.
Assuming your landlord allows combined 40x/salary income, you could afford up to $4,000/month. Some landlords allow this, some don’t.
You can live very nicely in south Harlem (W 120th street and UNDER), which is being renovated to a yuppy-esque type neighborhood. You could probably get a 1,600 square foot penthouse there for $4,000 a month versus a 500 square foot "convertible" one bedroom in SoHo.
Visit some realty websites for an idea, i.e.:
http://www.corcoran.com/
http://www.citi-habitats.com/
http://manhattanapts.com
(If by chance you see an apartment you like here, avoid renting through these websites unless the listing explicitly says "no fee" or you’ll end up paying a multi-thousand dollar fee to the site.)
UPDATE:
JESSE, please. I didn’t "make" anything sound like the garbage you’re talking about. I didn’t mention rats, or trash or whatever nonsense you’re babbling about.
There are apartments over restaurants and stores. They are cheap.
What is your point?
I didn’t say it wasn’t possible to rent elsewhere. Obviously, not all the buildings in Manhattan cost that much.
This really shouldn’t need to be spelled out.
If anyone made such a broad assumption based on one sentence, then she’s an idiot.
"Living comfortably" means very different things to different people. As the last answerer said, most landlords will require an annual income of approx. 40x the monthly rent, so by that standard it sounds like you could pay $3500 for a "luxury" Manhattan apartment. However, will that provide enough space for you to feel comfortable? Does your vision of living in Manhattan involve things like designer clothes shopping, fine dining, clubbing? Will you be comfortable getting around by subway and bus, or will taxis or car ownership take up a huge chunk of your budget? It’s certainly possible, but only you can determine if living in Manhattan will work out comfortably for *you*.
I have to second "FONTAINE’S" and "AMANDA’S" (I don’t know why we’re writing in all capitals…) estimation. If you don’t mind living in a less than desirable neighborhood, you could certainly rent for less.
Considering FONTAINE specifically said that the prices she mentioned were luxury, I don’t know why it’s being expounded on.
But depending on what you consider to be "comfortable", the price will certainly change. Nicer apartments will cost less. However, you can certainly rent for $1,200 if you don’t mind living in the projects.
If you want a nice apartment then you will be paying $2,500 and up.
—
YOU are obviously huffy because you can’t afford to live in an apartment that isn’t infested.
Nonetheless, I’ve read her post. I don’t need YOU spelling things out and then attempting to put words in her post that clearly aren’t there.
There is an obvious difference between living in Trump Place and the apartment that sits over the Blockbusters.
That said, it doesn’t mean the apartment over Blockbuster’s is full of animals and smells as you’ve suggested. It’s simply less than desirable living for some people; I assume you’re literate so I don’t get how basic reading comprehension escaped you and you went on a fit about rats and grease.
I think some of the advice you’ve receieved are prettycorrect. I assume if you have a combined income of $160,000 a year, you would probably want to live in a nicer luxury apartment and not a hole in the wall. You can either buy a decent sized apartment for $400,000+ or rent one around $3,000+.
If you don’t mind living in a lesser enviornment, you could find cheaper.
Wow.
One of my friends lives over a Greek restaurant. It’s not greasy or rat infested as Jesse makes it seem about all apartments over other buildings. It’s very nice and is pretty large. In fact, I wouldn’t mind living over a restaurant or store. It makes getting dinner easy. But like Fontaine said, it’s probably cheaper than getting a place in a high end building.
I think Dude0116 is correct, to make a good living six figures is ideal.
It seems everybody agrees with each other.
Amazing how if someone disagrees, some people get up in arms over it. God forbid someone else have a different opinion about what constitutes "comfortable."
More than 80K a year.The two of you need to make at least a six figure salary if you want to live comfortably in Manhattan renting or buying either way its expensive
if you make $160K with your conditions, you’re already living comfortably in Manhattan…