Moving to New York

[ta3formforged]

Thank you for the reply--what if it is not stabilized? What can I expect to see for a rent increase?

[Optimus Prime]

Thank you for the reply--what if it is not stabilized? What can I expect to see for a rent increase?

If it isn't stabilized you can probably expect they will charge you a market rate. Whatever the market rent is for a 1BR in a small, prewar, non-doorman, laundry, elevator building in your particular neighborhood (more specific than UES, because there's a big difference between, say, 90th and York and 77th and Madison). Check a few sites and see what it would take to rent something similar to your apartment, and that is a good estimate.

Another way to estimate would be a 3-5% increase. So for example at 4% you're looking at 2990.

Both of these methods are just estimates, ultimately your landlord is the only one who knows what the increase will be (and they probably don't even know yet themselves).

[Optimus Prime]

and would a english fake id work?

Probably not. NY bars are pretty good about checking IDs. There's simply too much at stake for them not to be.

Also, going out in this city is obviously ridiculously expensive, so if money is an issue for you, you will want to be careful about that.

[lofter1]

Pack a flask and order a Coke

[ionutz]

This may sound stupid but what can i doo with 780.000 $?I'm planning to move there and this is all the money i have.This amount of money i have to start from scrach.(i'm interested in what kind of appartment can i buy or how long can i live without having a job with this amount of money-this is in case i'm having trouble finding one )

[Optimus Prime]

You have 780 dollars? Or 780,000 dollars?

[ionutz]

780 000 $. I don't have them in my hand but if i can sell everything i have (i mean my car and my house) this is the minimum amount of money i can get.

[philvia]

This may sound stupid but what can i doo with 780.000 $?I'm planning to move there and this is all the money i have.This amount of money i have to start from scrach.(i'm interested in what kind of appartment can i buy or how long can i live without having a job with this amount of money-this is in case i'm having trouble finding one )

i have a similar question... if my bf and I make ~200k/year combined, how would our standard of living be? is this considered to be on the low end of the high income scale? or what?

i really have no idea how much people in nyc make so the answer will hopefully help me out a lot

[Front_Porch]

flyingwaitress: Kew Gardens does have some unique location advantages to the airports: that's one reason they call it "Crew Gardens."

You might also want to check out Rego Park as well as the other neighborhoods you named.


Taformforged:

I don't work the UES so I don't have market data for you.

My best guess would be for you to take a look at the Citi Habitats Black and White Report (I don't even know if they still call it that) -- it's their quarterly apartment pricing update, and it should give you some trend numbers.

ali r.
{downtown broker}

[Optimus Prime]

780 000 $. I don't have them in my hand but if i can sell everything i have (i mean my car and my house) this is the minimum amount of money i can get.

Do you own your house and car free and clear or do you have a mortgage or car loan to satisfy? If you have $780,000 cash in hand (or you will when you sell your assets), there is a whole lot you can do as that is a pretty substantial down payment. Even if you only spend half of that (390,000) you could buy something at $1.95 million (assuming 20% down). Though assuming you don't have a job right away you may need to increase the amount down to satisfy your mortgage broker.

i have a similar question... if my bf and I make ~200k/year combined, how would our standard of living be? is this considered to be on the low end of the high income scale? or what?

i really have no idea how much people in nyc make so the answer will hopefully help me out a lot

My fiancee and I are roughly in this boat, so I can tell you that your standard of living would be very comfortable but not luxurious. Low end of the high income scale is probably pretty accurate. A more detailed answer would depend on what you want to do (rent vs. buy, try to save money, pay debts, etc), but that's a basic answer.

[ionutz]

I have my car and my house free and clear of any mortgage.I don't have any loans or bank loans.I had some actions and i selled them.With the money i earned i managed to invest and to make a house and buy a car.I always dream moving to New York but i was afraid.I was afraid that i might get there, having trouble finding a job,then lose all my money and getting into all sorts of problems.My life here is pretty good(from a scale of 1 to 10 i say 6 or 7) i was afraid not getting any worse becuse i moved there...so i was wondering now if i sell my house and my car...how far can i get with that money.I mean do i have a chance there ?

[ionutz]

I forgot to tell you that i live in Romania and The United States is a new world for me.

[lofter1]

Why not use a few thousands from your fund ^ and take a trip to NYC to see if it matches up to your fantasy of what it seems to be?

[ionutz]

cause i don't have that money yet.That is all the money i can get if i sell all i have.And if i start selling there will be no chance of turning back .I tryed to take a trip there but i need to save some money in order to do that and meanwhile i have to live too.
I found this forum and i was courious what can i do with that amount of money.I needed an advice and who else can i ask here? And since i don't know enyone in the USA this was the optimum solution for now. (by the way please excuse my english.i don't know for sure if i do mistakes or not )

[Optimus Prime]

What sort of job would you be qualified for?