Questions and Answers
Your Questions About Apartments In Queens New York For Rent
Average rent in New York?
what is the average rent for a 1 and 2 bedroom apartment and a studio in Manhattan and queens?
2,000 and up – nice apartments in Queens
4.000 – apartments in Manhattan
New York City Real Estate?
Help! I want to invest and stop throwing away money in rent. I have looked at apartments in queens but the prices are insane! I can’t afford to pay more than 13 or 14 hundred dollars for mortgage, taxes and maintenance total. Most places that are in a decent neighborhood run 275k and up! Should I just continue to save and invest while renting so that I have a solid down payment in 3-5 years?…but then i worry that prices will be even higher by the time i have enough money for a solid downpayment the property price would have increased the same amount that i have saved! Should i save and rent and in 5 or so years move to an area where it’s not as expensive…like indiana!?
I forgot to mention.. these are for one bedroom apartments. The one i saw yesterday was only 400 square feet and they wanted 250k!
You are not throwing money away renting. People who say that without knowing specific circumstances of your life and finances have their heads up their butt hole.
You already see the issue for what it is; continue to rent and save. There are numerous articles about property devaluation in large urban areas (San Diego, Chicago, Atlanta, Denver, New York) so it’s a good time to wait and see.
The expenses of home ownership are astronomical; talk to anyone who has a foundation issue or an issue of plumbing from their pipes out to the sewer main. Heck, just property taxes alone in some areas can run more than you would ever believe, so you have to know the tax percentage in that county. You may end up sticking with renting.
New Yorkers: Where in New York?
I’m planning on moving to NY and getting an apartment, and i need to know where is the best city to live for the first time. If possible, the rent should be decent. I was thinking Queens but I’m not sure. What do you think?
Queens is awesome! I love it there, there’s also long island… It depends where your job is and such and how far of a commute you want… With queens or brooklyn you can have more direct access to the subway and that will take you into the city for a cheaper price then it would be to take the LIRR [train] in, even though public transportation price is going up.
Make sure you research the area though because there are some bad areas of queens, and some really good ones too… I guess it all depends.. You can also check out http://www.city-data.com/forum/new-york/ and check out areas of new york [new york city, long island][ ask some people there as well... Because it's good to get the opinions of locals!
Good luck on your move!
Anyone interested in WORK FOR RENT?
I currently live in the NYC area and attend college in Queens New York. I am need a place to live next semester but I can’t find a job to pay for a room or an apartment. I wondering if anyone would like to trade my work for rent. please contact me if you are interested.
Thats scary now a days….too many freaky people out there!!!
19 Yrs Old, would like to be more independent, possibly rent?
Well, I’m turning 19 April 28, I would like to be more independant when I get home from the military. The thing is, my MOS (job in the army) doesn’t really set me up for any civilian jobs besides security and police, which I refuse to do due to the low pay.
My question is, what could I do (of course work, but should I pursue school, what?) when I get home (2 weeks or so) to set myself up to get to work quickly and earn decent income to rent a 1-2 bedroom apartment? I live in New York City, Queens… I’m really good with computers (hardware, software, networking, graphics, type fast, ect) and would love to go after something in that field, I just really don’t know where to begin.
Lol, I just don’t know, to be honest, I didn’t even feel like myself typing this. Pretty much what I’m asking for is advice I guess, I can’t affoard to go to school, and I’m scared to death of loans.
The best investment you can make is in an education, sure it may set you back a bit in terms of debt, however you will be on track to be making more money in a career more geared towards your interest.
Computers are a very fickle industry to break into without a degree unless you possess very specialized skills. Luckily computers are also a very board field so you will find there are many 1 year diploma and certificate programs available to get you on track.
As a viable plan, it wouldn’t hurt to do a couple years in a lower paying job like security while you fine tune your education.
good place to live in new york?
I’m applying for a job in new york – i’ve never been there before (im english, living in ireland) and im just wondering how much accomodation will cost, if i managed to get the job.
the job is in the middle of manhattan, just by grand central station, but i dont care where i’d live, i’d rather commute than spend a fortune on an apartment in manhattan
i’d be looking for a 2 bed apartment, small would be fine to start with, the most important thing would be a family-oreintated area, as we have a 2 year old, we dont want to be in a rough area.
I’d heard queens would be suitable, but i’d like to hear from NY natives for your opinion
i would have max around $400 per week for rent, but ideally, i’d like to be spending more like $200. Is it possible to find somewhere for that amount? and where would you suggest?
Public transportation is about 2.25 per ride (discounts if you buy unlimited access by week or month) so commuting is your best bet, as the cost of living in Manhattan is sky high. I have lived in Queens in a crappy area and was paying a fortune for rent for just a 1 bedroom, I ended up moving to Brooklyn and paying 900 a month for a 1 bedroom in a better area that was slightly bigger.
I still live in Brooklyn to this day, I have lived in many apartments here over there years and now my husband and I finally own. The apartments in Brooklyn tend to be a lot cheaper and almost all the trains here run through Manhattan. It is possible to spend 200 a week for a studio sized apartment, but paying 300 a week can easily get you a nice apartment in a lovely area. You can pay even less by living in a worse area, but if you are new to NY that is not the best option for you to be honest.
Check on newyork.craigslist.com under apartments and you can enter how much per month you are willing to pay and a list of apartments will come up in your price range for every area in the 5 boroughs. Also try rapidnyc.com I have used them in the past, they don’t charge a broker’s fee and they have offices all over, and you can also do an online search for their apartment listing by size, location, price, etc.
We live in a 2 bedroom/2 bathroom condo and the cost was 500,000 for purchase plus a monthly fee, so a 2 bedroom may be pushing it for your price limit. Just thought I should warn you about that, but here are some of the better areas in the boroughs if you pick Brooklyn (if you pick queens the best areas are very limited in public transportation -mostly bus, a lot of it is very ghetto in my opinion.)
Green Point (nice but can be iffy in certain parts)
Williamsburg (same as above)
Canarsie (Cheaper area, not too bad at all but very limited in transportation hence the cheaper rents)
What’s my option if my landlord failed to give possession upon the beginning of the lease?
I signed a lease with the landlord in March for an apartment in Queens, New York. The lease starts on April 15th and I was informed by the landlord that I will not be able to move into the said apartment due to inspection issues and the earliest move in date is May 15th. At the mean time, landlord offers a temp apartment which is not very convenient transportation wise.
At the beginning of the lease it states that “landlord shall not be liable for failure to give Tenant possession of the Apartment on the beginning date of the term. Rent shall be payable as of the beginning of the Term unless Landlord is unable to give possession. Rent shall then be payable as of the date of the possession is available. Landlord will notify Tenant as to the date possession is available.”
My questions now are: 1) am I obligated to pay the rent for the temp apartment where my lease clearly states that this is not the apartment I signed up for? 2) Can I terminate my lease and get my first month rent and security deposit back if the landlord cannot give the possession in a reasonable amount of time (let’s say 30 days after the term starts).
All helps are much appreciated.
Your landlord cannot include a clause in the lease which violates state law. State law does not allow the landlord an excuse to not give you the apartment on time.
True, your landlord is attempting to mitigate losses by offering you another apartment, but this is to get out of the storage, moving, and alternate living fees associated with breaking a lease. Your landlord has breached the contract, plain and simple, and you are entitled to a refund of all monies paid. If he doesn’t comply, you need to sue for this amount. You can include the moving costs, as well, in your claim, if you have spent any thus far. If you still want to wait for the unit, fine, but if you accept his terms, then you lose all right to recourse later. You also have to take into consideration that the landlord is obviously not very responsible if he didn’t get this situated before your move-in date (unless it has to do with previous tenants not leaving, in which case his hands are tied).
living in new york city 2012?
How do young people (20s) not working at Goldman Sachs, hedge funds, etc. afford to live in NYC ?
I graduated business school in 2011 with a Masters in Economics/Finance, but the academics, working on case studies, etc I realized I didn’t want to do it for a living. So, I got a job in Market Research which I view as a filler and at worst, a resume booster. My friend who works in Sales/Marketing for a small company in Long Island has wanted to move to NYC. We both live with our families currently, so social life can be dim at times. We determined we could not realistically afford anything nice/decent in Manhattan so we focused on Brooklyn/Queens and settled upon Astoria: good food, beer gardens, easy commute to Manhattan. We recruited a 3rd friend and found a good-sized 3-br apartment for about $2700/month including all utilties.
Currently I make about $45,000, M-F 9-5, plus overtime. After taxes, 401K, insurance, I get maybe $30,000. While living at home, I’ve had the fortunate opportunity to save about 50% of what I was making (I pay for all personal expenses except food and rent). I determined that with paying rent + new expenses, etc, that’s more than $12,000 a year out the door, which is about 25% of my gross and 40% of my net income, leaving $18,000 for the rest of the year not including food, going out, etc. If I am currently spending half of what I make (so $9,000) and add food and other new expenses to that (let’s say $2,000), my rate of savings decreases significantly. I’m left with maybe $7,000 to save/invest if I’m frugal.
We have another friend who works in PR and lives in Greenwich Village (rent-stabilized) and while I don’t know exactly how much he makes, he has said it is not more than $50,000. He told me that his rent + utilities + cable/internet comes to be almost $1700 per month, which is over $20,000 in 1 year! Granted he doesn’t go out all the time, and he did live with his family first for about a year, I still don’t know how he does it. I know some people will say, you have to live in a studio the size of a closet, but his is a full-size bedroom enough room for a nook with a couch and a big TV, a hallway, bathroom, and full kitchen, with oven, stove, and dishwasher.
I have another friend who is a NYC public school special ed teacher living in 2-br apt on the Upper East Side at $2300/month. And another friend is a Financial Analyst for small start-up and he pays $1400/month for a studio in Midtown which has no room to walk when the bed is pulled out, and the kitchen has only a stove, no dishwasher, no oven, and only a mini-fridge.
And I’m concerned about living in QUEENS and not having enough money or being able to save. I’ giving it a 2nd thought and seriously considering remaining living with my family, the commute is not bad and I come into the city anyway on the weekends to go out with friends.
How do all these “artists” and hipsters make it happen? How many writers and photographers can there be? I suppose some work in digital media and as graphic designers but that cannot be everyone.
Does every young adult just discard the concept of future fiscal stability?
They have roommates, second jobs and really small apartments.
FYI: The ‘artists’ and ‘hipsters’ aren’t living in Manhattan- they are living in Williamsburg, NJ and Brooklyn.
My first budget; need to know the average cost of utilities, groceries, etc. in new york city?
Hi there, I’m currently in college and I’m going to be getting my first apartment in two years. I’m the type of person who likes to approach everything with a plan so I’m playing around with some financial calculators to find out how much rent I can afford with my expected starting salary. I need to know the average cost of the following things;
-Average cost of heat, water, and electricity for 1 person living in a 1 bedroom. Location might make a difference so I’ll mention that I’ll most likely be living in Brooklyn, possibly Queens.
-Internet and cable (I’m guessing $30 each?)
-Health insurance. I know it’s different for everyone but I have no idea what range it’s within. Then again I know health is often included in your salary with white collar jobs… Also, how wise would it be to consider getting renter’s insurance? How much does it usually cost?
here’s a list of things I already know the expected cost of. If there’s anything I might have overlooked just let me know.
Also forgot to mention that I have an idea of my expected income taxes
Having a solid but flexible plan is a great way to approach finances!
A budget needs to fit your personal needs and priorities, but there are some general guidelines:
Start with your pre-tax (or gross) income.
-Budget 25-33% for housing (including water, trash, gas, electricity, and other essential utilities)
-Check the IRS website or your accountant to figure out the income tax for your income bracket. It averages 17-33%.
-Savings. Put 8-15% of your salary into a 401k or other IRA. Trust me, you can’t start this too soon or invest too much. Put aside a similar amount for short- and mid-term goals, like a car, house, or travel.
Health insurance depends on your job. Most white-collar employers will offer several plans in addition to your salary, and one is usually a fully-paid HMO (you will have co-pays but no monthly cost). You need to pick the plan that is righ t for you and your health needs.
Renter’s insurance is a good idea, and many landlords require it; but if you have pressing needs like debts or loans to pay and not much property to insure, you might want to skip it for a year or two. Cost varies widely by state, and will depend very much on the sort of neighborhood you live in. You might be able to get good deals through a membership association (your college, honor society, etc). Call up several places and ask for quotes. AAA offers a great deal to members, that cut my cost in half (from $300 to $150 per year).
Groceries and dining depend largely on your habits. Start with a target of $150-200 for each, try it out for a couple months, and adjust as necessary.
Internet and cable can vary; in California I pay about $100 for internet and cable. Check the websites to compare deals from companies in your area.
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