Adobe City Guide 2019 - NYC

Popular Neighborhoods

MANHATTAN Manhattan is broken into three geographic sections: Uptown, Midtown, and Downtown. The most affordable neighborhoods are in the far upper east and west sides: Washington Heights, Harlem, and Inwood. Monthly subway cards can be purchased and most people can get to work within 35 minutes. Options in Manhattan mostly consist of apartments and condos, many of which are in high-rise buildings. Rental prices in Manhattan are very expensive, and inventory is low. Those who choose to live in Manhattan enjoy being close to endless entertainment and food options, but sacrifice space, as properties have less square footage than in other boroughs. BROOKLYN One of NYC’s larger boroughs, Brooklyn lies to the east of Manhattan Island across the East River. Brooklyn has grown into one of the trendiest places to live in New York City. It has seen the birth of many new trends in pop culture like the indie rock and rap scene, hipster subculture, and artisanal food movement. There are also many quality museums and historic landmarks. Brooklyn is expanding rapidly with many new high-rise apartments being built. It is a popular choice among commuters, due to its close proximity to Manhattan, and rental prices reflect that. QUEENS Queens is the largest and second most populated of all the boroughs, and lies adjacent to Brooklyn on the western side of Long Island. It is known as being the most ethnically diverse urban area in the world; there is a strong immigrant population and over 100 different languages are spoken in the borough. It also houses many cultural institutions catering to different tastes. Homes in Queens are a mix of apartments and single-family homes, depending on the neighborhood. Neighborhoods farther away from Manhattan have more single-family homes, while closer neighborhoods are primarily apartments. Properties in Queens have a lower price tag and more square footage than those in Brooklyn or Manhattan. NEW JERSEY With ample public transport, many people who work in NYC choose to live in New Jersey cities like Hoboken and Jersey City. The commute time is about the same, however, commuters will either need to take the NJT (New Jersey Transit) into the city and then a subway to their office, or, depending on location, a NJ bus then a subway to their office New Jersey has a wide mix in housing from high-rise apartments to huge houses, depending on the area. The area is comparable in price with Brooklyn and Queens. Housing inventory is low due to its appealing proximity to New York City.

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New York, NY Market Focus Report