New York City, NY

The Good

• ✓Unbeatable commute times to Midtown Manhattan and other key areas.
• ✓Exceptional walkability and transit access (subways, buses are plentiful).
• ✓Direct access to Central Park and other green spaces like Carl Schurz Park.
• ✓High concentration of top-rated schools, both public and private.
• ✓Abundance of world-class dining, shopping, and cultural institutions (Museum Mile).
• ✓Generally very safe and well-maintained streets for an urban environment.

Real Talk

• !The cost of living, particularly housing, is among the highest in the world; affordability is the primary barrier for most.
• !Housing stock is primarily co-ops and condos, meaning high monthly maintenance fees or HOAs in addition to property taxes.
• !While excellent for families, the average household size is small, indicating many singles and couples.
• !Can feel less diverse and more formal than some other Manhattan neighborhoods.
• $Extremely high co-op maintenance fees or condo common charges.
• $Parking (if needed) is exorbitant, and street parking is nearly impossible.
• $High prices for all goods and services, including groceries, dining, and childcare.
• $Potential for substantial real estate transfer taxes and closing costs.

Best For

Risk Snapshot