A friend of mine moved to New York City several years ago. In my head, I imagined her as a glamorous worker who jumped on the subway every morning after having a quick coffee at the local bakery. She was sure that her lunches were full of shop windows and that she spent the night watching famous works on Broadway.
However, his own reality was very different from what he imagined. He could not pay to live in town, so he found a nice apartment across the river in New Jersey. Pieces were an important part of his life, but he only went there every few months, to the extent of available resources.
Real estate in New York is very different from other regions. For example, if I wanted to live on the Upper West Side, maybe in Dakota, the three-bedroom, two-bath home where West Side Story was designed is now available for just under $ 6 million. If it’s too rich for you, an apartment with a bathroom in the West End can be yours for only $ 435,000. The key word is “study” when there is a separate room. The purchase price of almost half a million dollars does not cover the monthly maintenance fee of $ 964, which includes utilities.
A recent report by Douglas Elliman of Prudential shows that house prices have doubled in the last ten years in Manhattan. For example, ten years ago, the average price of a house was $ 710,000. The average price this year is nearly $ 1.4 million. However, prices are down, as indicated by the 12% drop from the previous year.
With this type of activity rising and falling on the front of buying/selling homes, the good news is that real estate agents are available and ready to help you find real estate for rent. It’s a phenomenon we’re starting to see all over the country, but the New York agents have perfected it. Tenants are often required to pay search engine fees, but rents are generally falling, as are home prices.
According to Habitat, the cheapest condition to buy an apartment in New York is Uptown, Brooklyn or Queens. Here, studios start from $ 1,200 and the three rooms start at $ 3,000. The most expensive apartments are on the Upper East Side, Upper West Side and Midtown. They start at $ 1,600 a month and increase by $ 12,000 a month.