TOP 7 REASONS WHY PURCHASING AN APARTMENT IN NEW YORK CITY IS A GOOD IDEA

March 14,2023 | By Luxe Residences International

 

People worldwide still refer to New York City as the 'city of dreams' because of its infectious energy, illustrious residents, and once-in-a-lifetime experiences. Although it is sometimes presented as a busy and fast-paced place to live, those who call NYC home will also tell you that there is no other place like it. 

Time Out Index poll found that NYC is regarded as the place people wished to visit the most in 2022. The appeal of this city to millions of individuals is easy to explain. Every year, hundreds of thousands of people flock to New York for one reason: it is where dreamers go to make their dreams come true. As the song goes, ‘if you can make it here, you can make it anywhere.’

Manhattan alone is home to 1.63 million people. Most of these residents are high-net-worth young professionals, and their average annual income is well over $100,000. That seems like a lot, but it starts to sound pretty reasonable when you consider that the typical monthly rent for an apartment is $3,500.

No matter how busy things are, New Yorkers will always find the time, interest and energy to enjoy its beauty and everything it has to offer from top notch restaurants, and Broadway shows, to museums such asMetropolitan Museum of ArtGuggenheim museum and Morgan Library or a simple stroll through Central Park. But before you make up your mind, here are the top seven reasons why purchasing an apartment in NYC might be a good idea.

 

1. IT'S THE CITY THAT NEVER SLEEPS. 

Street noise can be overwhelming at all hours of the night; New York City will never learn to keep the noise down. It is packed with exciting entertainment options, and the city's subway system is open 24/7. The streets are crowded with people every day and night. Regardless of the weather, anything and everything is available around the corner. Supermarkets and drugstores are frequently open all night. In nightclubs, revelry lasts until daybreak. You could literally be out at any hour of the night, and there's always something to experience. 

 

2. IT HAS THE BEST NIGHTLIFE. 

NYC has awesome nightlife. For real. People can even be found partying on Monday nights, not just on the weekends. If New York by day is juxtaposed against New York by night, there is no visible change. You may experience the most spectacular nightlife in the world. There are eateries that stay open late, as well as cocktail bars, nightclubs, and other establishments. Digging heels at your residence is pointless. You should visit the nightlife hotspots and have a good time in the top nightclubs in New York City.

The City Council even took action to support the nightlife scene in New York City by creating the Office of Nightlife, a new division inside the Office of Entertainment and Media and appointing the first-ever "nightlife mayor" to lead it.

 

3. IT HAS CUISINE FROM ALL OVER THE WORLD.

There are more culinary corners in each borough of New York City than you could taste in a lifetime. But even if you never set foot outside of Manhattan, it can be challenging to choose a restaurant for dinner with your buddies after work. Simply put–there are too many choices.

Although New York is known for its pizza and bagels, the city is a melting pot of many different cultures. Here, you may experience practically any place in the world through its authentic cuisine.

 

4. IT IS DIVERSE IN ALMOST EVERYTHING. 

The city of New York is proud to have the most diverse population in the world. With residents from every corner of the globe, the size and ethnic diversity of New York’s population is reflected in the wide range of multicultural activities available in NYC. From the Met to the Asia Society and everything in between, it is home to some of the top cultural institutions in the world. Library card holders can now visit dozens of the city's top museums for free thanks to the new Culture Pass program

It has been said that New York City is the cultural center of the world. Pffft, Netflix? No, New York is one of the leading cities with the highest number of theaters worldwide. It’s always been a glorious place for film, with many art houses screening limited releases and state-of-the-art digs for mainstream flicks, as well as the world's most exciting venues for live music. And with hundreds of free concerts at indoor and outdoor venues throughout the city each summer, who needs concert tickets? New York is also the most linguistically varied metropolis in the world–with up to 800 languages being spoken. Yes, it is a magical place to live. Even watching the cityscape's trademark skyscrapers is enough to highlight the vertical splendor of an ever-changing metropolis.

 

5. IT HAS THE BEST PEOPLE. 

Believe it or not, the best and brightest talents in numerous industries are drawn to this metropolis. There's a diversity of opinions and cultural backgrounds. You can always find a wonderful set of friends regardless of your ideals, upbringing, or financial situation. 

When you open yourself up, you'll be amazed at how many interesting and outgoing people there are in New York. You get to connect with energetic, motivating individuals, whether you’re looking to launch successful enterprises, prepare delectable meals, or just to be inspired. New York attracts the kind of people who want to be at the epicenter of everything.

Believe it or not, someone will hand you a tissue if you find yourself crying in the middle of the street. Or perhaps you need help carrying a stroller up the steps in the subway, someone will volunteer to assist. That’s how New Yorkers constantly show one another modest acts of kindness.

Younger New Yorkers are becoming politically active. They have elected openly gay and lesbian leaders who represent their communities and have been a driving force in making their communities more accepting of people–making NYC one of the most LGBT-friendly cities in the world.

 

6. A DAY MIGHT BE A LIFETIME. 

One can live a lifetime in a day if one lives in NYC. From going for a run in Central Park in the morning to enjoying some of the best cuisine imaginable in the afternoon to dabbling in the expansive arts and culture scene in the evening, New York can be just like in the movies. Its top bars and restaurants, and its consistently vibrant atmosphere are unparalleled. NYC is the world's most exciting city. Just living here is an extraordinary feat. Millions of New Yorkers are willing to overlook the drawbacks of living here because the opportunities are irresistible. 

 

7. THE BEST PLACE TO LIVE PERMANENTLY IS HERE.

People move to New York for many reasons, but for most of them, the bottom line is this: it's the best place to live. The city promises the freedom to be yourself; nobody will look twice. Whether you are a member of the LGBTQ community, or have wild tattoos and colorful hair, NYC is a place where everyone will be accepted as their authentic selves. You can be as eccentric as you want. 

In addition, it serves as the epicenter of many industries, including finance, dining, fashion, hospitality, interior design, and innovative businesses among many others. For this reason, it’s the place to be if you aspire to be recognized at the top of your profession. Only London truly competes with New York City in the English-speaking world for those who work in the theater, for instance. Not to mention, NYC employers pay higher wages than other cities for the same job.

One thing a New Yorker will advise you to do is get a taste of city life. It doesn't matter if you are a student, a professional, a newly-wed who would like to raise a child (believe me, it’s one of the best places to raise a child), or a retired person who’d like to enjoy life, you might want to live here because of the wide diversity. Whether you like to rent or own an apartment in the city, New York is more than its incredible romantic culture, landmarks, and opportunities. Even if it's not always easy, living here is usually exciting! As you get to know it here, you will learn about the city’s quirks and secrets–which make living in NYC even more enjoyable!