Starting apartment hunting in NYC soon. Any tips and recommendations for studios & 1 bedrooms in the city in terms of price range, ROI, neighborhood, down payment, best time to invest etc.

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Don't you know Partners live in mansions, not studios? Go ask analysts instead!

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Was this necessary for the Partner One Bowl?

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Best time to invest is during the next recession...

Don’t view your house as an investment if you live in NYC. You’re putting a huge amount of your assets into a concentrated investment. In certain geographies, owning is the only way to achieve a desired lifestyle, in which case buying a house is not an investment anymore, it’s just spending money in the least costly way to achieve one’s goals. In NYC, you can rent studios and 1BRs to suit almost any taste, so no reason to buy unless you want to make a very concentrated bet

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You specifically posted this in the Partners group..?

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Partners buy condos in the cities and live in mansions outside the city.

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OP, I understand. You are looking for savvy people who can give quality advice. I’m no partner, but I’m a native New Yorker with partner level parents and can give you more or less the same guidance. To start, what are your age and budget? Also, what are you looking for in a neighborhood? These factors will dictate to a large degree where you’ll want to live.

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Trying to DM you for answers unable to

LIC will have new luxury apartments at good prices with a 10-15 min commute to midtown. downside is neighborhood isn’t as nice (though improving)

I just did 2 days of looking, mostly in Chelsey.
New, nice, view, full amenity apartments:
$5-7k 1BDRM
$6-9k 2BDRM

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