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Pros - proximity to just about everything
Cons - that proximity generally includes a lot of people and noise; cost
My commute is 15 minutes from my door to my desk, it’s automatic exercise. Especially during the holidays the streets are packed, and most of my friends live out in Brooklyn, Queens , or Jersey. I married into this apartment and I don’t think I would have chosen it, but I like that I don’t spend endless time commuting.