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Old 11-06-2009, 06:28 PM
 
13 posts, read 77,084 times
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I have a job offer in hand for a job in downtown Brooklyn, with a salary of about $120K/yr.

However, I am a little concerned about the cost-of-living in NYC, especially the cost and availability of housing.

Thoughts? Advice? I'd be renting (at least for a few years), and I'd like to live in a neighborhood that has good transit connections, conveniently-located neighborhood-serving retail (think: grocers, delis, dry cleaners, etc.), and that is relatively free of random street crime. I'd need around 800 s.f. of living space. And I'd prefer to live alone. How much would that set me back monthly (just the rent, not the utilities)?

I don't have children, so schools-related issues wouldn't be a concern of mine.
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Old 11-06-2009, 06:31 PM
 
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Park Slope - you could probably walk to work from there.
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Old 11-06-2009, 06:49 PM
 
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good salary for Brooklyn, you will be fine. Also look into Cobble Hill, a little closer to downtown and an awesome area
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Old 11-06-2009, 07:14 PM
 
Location: New York
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Downtown Brooklyn itself seems like a nice place to live, and there are a lot of things to do there. Park Slope is another good option, there are plenty of bars, restaurants and such around there.
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Old 11-06-2009, 08:18 PM
 
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Park Slope, Cobble Hill, downtown Brooklyn... Would anyone vote for Brooklyn Heights, Dumbo or Williamsburg? Plus, isn't some sort of arena about to be built in/near downtown Brooklyn? I wonder if the construction mess/noise would take the shine off of that nabe...

And is Manhattan out of the question?
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Old 11-06-2009, 08:29 PM
 
Location: Washington, DC & New York
10,750 posts, read 25,521,951 times
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Park Slope is full of families, which might not be an ideal choice for a single person. I would look to DUMBO, Brooklyn Heights, and Cobble Hill. I am not a fan of the current iteration of Williamsburg, and the experiment in hipsterdom has been crashing for the last few months, so the neighborhood is one that is in flux. You can look to Lower Manhattan, but the rent will be more than for a comparable apartment in Brooklyn, save for some buildings in DUMBO that are at Manhattan premiums. Brooklyn Heights and DUMBO give you easy access to Manhattan for fun and shopping, yet are also close to work, so it's a great location in your situation.
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Old 11-06-2009, 08:40 PM
 
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Why would you go to Manhattan...it's more expensive and the commute is longer

Most people live in Manhattan because they work there...
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Old 11-06-2009, 09:33 PM
 
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$120k is great! You can have a very nice life in NYC (Brooklyn or Manhattan) on that. You'll probably net close to $7k per month:
$2,500 - rent + electric/ cable
$2,000 - savings (IRA, invest, & liquid cash)
$2,000 - spend (food, entertainment, daily incidentals like dry cleaning & renter's insurance & haircuts). This is enough money to date and really take advantage of the city (theatre, concerts, the occasional Yankees game, etc).
$500 - $6k per year for travel, gifts, clothes, cash giving, home furnishings, etc.

This is all assuming you won't bring a car- you certainly won't need one. If you do bring one, budget about $8-10k per year for parking (can be $500/mo + in Manhattan), insurance (yikes!), more expensive gas, tolls (yikes again!), and the occasional parking ticket.

You may have different financial priorities than I listed above, but I think my budget shows you can do pretty much anything as a single guy making $120k.
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Old 11-06-2009, 09:45 PM
 
Location: Upper East, NY
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Do Brooklyn Heights. You'll be on the right side of downtown to go to Manhattan when you want. DUMBO is hip in the warehouse sense but not neighborhoody. Williamsburg is fine but you can do better.

Someone earlier said downtown Brooklyn itself - I walked through once around Jay St. transferring subways and it seemed pretty darn depressing to me. Live there if you like fried chicken.
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Old 11-06-2009, 11:15 PM
 
13 posts, read 77,084 times
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Quote:
Originally Posted by NYCAnalyst View Post
Why would you go to Manhattan...it's more expensive and the commute is longer
Well, yes... but its Manhattan!

Quote:
Originally Posted by bmwguydc View Post
I am not a fan of the current iteration of Williamsburg, and the experiment in hipsterdom has been crashing for the last few months, so the neighborhood is one that is in flux.
I think I know what you mean here, but I want to be sure... care to expand on this thought?

Quote:
Originally Posted by crescent22 View Post
DUMBO is hip in the warehouse sense but not neighborhoody.
What is it, specifically, that makes DUMBO "not neighborhoody"? Is it a lack of people, and architectural style, a lack of (a certain kind) of households, a dearth of certain types of retail outlets? Something else? More info, please.

Quote:
Originally Posted by crescent22 View Post
Live there if you like fried chicken.
I don't know... I rather like my momma's fried chicken.
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