Vic10, Other/Just Looking in Financial District,...

Where would a young 25 year old who will be working in the financial district live?

Asked by Vic10, Financial District, New York, NY Fri Mar 26, 2010

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Fern Hamberger NYRS CNE CBR’s answer
It will all depend on your budget and life style....
You can live close to work, either BPC! battery Park City or h Financial District if you can afford it.
Being close to work can save both time,money and more important a lot of wear and tear on your body
And soul. You can also move very close to the Financial District'; Brooklyn, which is a few minutes on the train....
Best of Luck
Fern Hamberger
Associate Broker
Fhamberger@corcoran.com
Corcoran
0 votes Thank Flag Link Sun Jul 7, 2013
Location depends on your priorities... Is budget more important than location or vice-versa?

Looking forward,

Christine Gordon
Licensed Real Estate Salesperson
Cell: 917.881.2924
Fax: 347.328.9352 http://www.christinegordon.postlets.com
"Home is where the heart is."
2 votes Thank Flag Link Sat Sep 15, 2012
Vic10,
I know my colleagues from outside of NYC mean well when they answer NYC questions, but as anyone in real estate knows, real estate is local. Your question is "where would a young 25-year old who will be working in the Financial District live?" and you are getting answers that are considerably further than she would want to/need to go. The Financial District has arguably the mosts amazing condos in all of NYC. After 9/11 fabulous incentives were given to developers to convert old office buildings into residential space and those conversions are spectacular. They are chock full of amenities and breath-taking in their finishes. I have done quite a few sales down there and have negotiated a lot of extras in the purchases.

You don't mention if this young woman will be renting or buying, but in either case, when you are 25 and working in Manhattan, the last thing you want is a commute. You want to be where the action is. There are amazing deals in many parts of Manhattan now, both rental and sales. There are some terrific Brooklyn neighborhoods as well where it is as cosmopolitan as Manhattan. I have seen quite a bit of crossover in the last couple of years - Brooklyn buyers and renters going to Manhattan after previously being priced out, and people who swore they would never leave Manhattan going to Brooklyn because, as they said in "Sex and the CIty" "Brooklyn is the new Manhattan." All of those I have helped in either borough have been very happy with thier choice.
The questions are really her price range, if she is buying or renting, and how much of a commute (if any - she really could walk to work if she wants to) she is interested in.

Hope this helps.

Best,
Jenet Levy
Halstead Property, LLC
jlevy@halstead.com
212 381-4268
http://jenetlevy.halstead.com
1 vote Thank Flag Link Sat Mar 27, 2010
There are many buildings available in the Financial District that could work well for you. It's important to keep in mind that Manhattan relativity is small with good public transportation. All trains lead to the financial district so your not restricted to just living in that particular area. There are so many great neighborhoods in Manhattan it's about finding what feels like home for you.
0 votes Thank Flag Link Fri Apr 18, 2014
Hi,

Financial District itself is a booming area for young professionals. You have the seaport with historic Front Street and Stone Street. Both areas are great for happy hour and brunch. As for nightlife you have to venture elsewhere but you are very close to Tribeca, Soho, LES, Meatpacking, East village, and West village. All exciting neighborhoods to eat and drink. I've personally lived and worked in the Financial District for 5 years and love the area itself and the accessibility to other sought after downtown neighborhoods. You have both east and west bounds trains right here so you can get anywhere you need to in the city and still come back to a quiet neighborhood and a luxury doorman building at night without paying a premium for location in rent.

Besides the immediate neighborhood, Battery Park and Tribeca would be your best choices if you wanted to walk or take a short train ride to work. Battery Park City is almost all residential space with a lot of green space and no construction noise. Tribeca is one of the most sought after (and expensive) downtown neighborhoods because of its retail, ambiance, architecture, and exclusivity.

Feel free to reach me at nsanni@townrealestate.com with more questions about downtown real estate. Thanks!
0 votes Thank Flag Link Wed Apr 16, 2014
You didn't give enough specifics to answer this question effectively. Generally speaking FiDi (Financial District) is pretty dead after working hours. Stone Street (conveniently near Goldman Sachs HQ) has a nice young party vibe, but aside from that, you will likely find yourself going out at night away from FiDi. You didn't mention the lifestyle you want, income limitations, max commute times, amenities you expect, etc and without this an answer is difficult. FiDi buildings are long on amenities, but before you consider buying one of these- seriously consider if you will use most of the fancy stuff- the majority of people don't use them and it seriously adds to the bottom line. You will be able to get far a better answer to this on a dedicated NYC site (Streeteasy). Sorry Trulia- no offense.
0 votes Thank Flag Link Tue Mar 30, 2010
Not knowing your financials and exactly how near you would like to be--check out Queens County, the Western part Nassau County, Brooklyn, etc.
0 votes Thank Flag Link Sat Mar 27, 2010
Depending on your budget, check out Brooklyn - Park Slope, Brooklyn Heights and areas along Court Street - all a quick shot into lower Manhattan. On the Jersey side, Hoboken or Jersey City. If you've got the money, there is nothing like Manhattan - and so many choices, depending on budget (most of all) and lifestyle.

How exciting!

Good luck,
Jeanne Feenick
Unwavering Commitment to Service
Web Reference: http://www.feenick.com
0 votes Thank Flag Link Fri Mar 26, 2010
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