Sunday, April 13, 2014

Need Advice for Moving to NYC after graduating from college?




BobaB


Will be moving to NYC in 07. Details:
Job Situation: I've accepted a FT job offer & will be working downtown in the Fin. District. Salary=$55K + $5K sign-on bonus +$7.5K relocation

Living Situation: Prefer to live close to work (although I know it would be more expensive) but am willing to live up to 1 hr away.
-Will probably be selling my car before I move up there
-Hoping to find a studio/1BR for no more than $1,500/mth
-If possible, I would love to live in a luxury apt (that includes gym & most utilities)

Area preference: Somewhere safe (female living by myself) and quiet (not a party person). It would be nice to be near the entertainment/shopping/museum areas

Questions:
-I'm moving from the south so my guarantor won't be from the tri-state area. Will I still be able to find something?
-In ref. to fin requirement: Will I be able to rent an apt as a new-hire just out of college?
-Specific area recommendations?
-How soon do I start looking for an apt? (start work in Sept 07)



Answer
September is the big month for people moving in, since school starts then. Suggest you try to aim for getting an apt in June/July when colleges and other schools are out, people leaving apts then.
As for area, keeping within an hour of the financial district, you have wide choices. For ex, there is a building, 700 Victory Blvd on Staten Island just 8 minutes by bus from the ferry, 25 minutes to Manhattan. This building has the athletic type facilities you ask about, plus an underground garage and out door parking, so you could keep your car. There are also a few buildings in Brooklyn Heights with similar facilities, but probably a lot more expensive.
I always suggest to people so check locations along the #7 IRT subway, which even at its last stop is little more than 30 minutes from Manhattan, and has at that last stop everything you could want.
In Manhattan, look at Inwood (above 204 St). This area is being yuppified, but is still nice, and a quick direct ride to the financial district on the A train, a seat the entire way.
Riverdale is a possibility as a couple buildings there also have the facilities you want, but is further from downtown.
As one moving into the area, landlords will most likely run a credit check on you. If you use a service to find an apt, they will generally charge you a month's rent, and you will have to lay out a month's rent as security deposit plus pay the first month, thus 3X you normal rent will be your outlay to start.
You should be able to find a 1BR for under $1500. Do not go the studio route--so cramped you will want to move soon.




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