Reply to What net worth / HHI do you need to live comfortably in NY? Two adults, no kids.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]By comfortable[b], I mean around 1500 square feet, at least partial view of the city or park[/b].  Not necessarily luxurious lifestyle - some dinners out, some entertainment, but we’re not talking hamptons every summer or anything. [/quote]

A view of the city is very different than a view of the park!

Anyway, 1500 square feet in a decent building will run you at least 10k a month in rent.  [/quote]

Thanks. I’m thinking cash for the apartment, we can spend up to $2.5M. Just wondering about all other expenses, including condo fees.[/quote]

OP, if you're actually serious about this, you would have to tell us what borough/neighborhood you're interested in. Also, the sq footage you described would be palatial -- far more than what most NYers would consider "comfortable." Most NYC apartments are much smaller. We have 2200 sq ft but we own a house in Brooklyn. We actually only live in 1800 (we rent out the top floor, which is a separate apartment). For $2.5M you could buy a house outside of Manhattan. Probably not with views of Manhattan or of Prospect Park, but maybe near the park. (A view of the city would imply you're in New Jersey. I'm guessing you meant of a skyline?))

A comfortable HHI in NYC (by my definition) would be $200K. We own a home, have two kids in public with significant extracurriculars, take a fly vacation or two yearly, can eat out once or twice a week, can save for retirement and college and add to sinking funds.

By your definition (huge space with park views), probably closer to $500K. [/quote]

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