New York City
New York City is the dream destination for so many of us. Who doesn’t want to get a Green Card and settle in the glamorous NYC? If you too are looking to relocate to “The City that Never Sleeps”, get your facts and stats right about it. This post will brief about the real estate market and trends, as well as architecture specialties of New York City.
Facts about New York City:
- NYC is the most populous as well as the most densely populated city in the United States. It is also one of the most populous megacities across the world.
- It is located at the center of the New York Metropolitan Area, which is the largest metropolitan area in the world by urban landmass.
- It houses the headquarters of the United Nations. It is also the most linguistically diverse city in the world, with over 800 languages being spoken throughout the city.
- NYC is also USA’s largest city since 1790.
- It is also known as the “Big Apple”, “The Melting Pot”, “The Empire City”, “The Capital of the World”, “Metropolis”, and even “Gotham” with reference to the Batman Comics.
- New York houses industrial and financial hubs, which have turned metonyms for the whole of USA. For example, Wall Street is the financial hub of NYC but has become a standard metonym for the States’ finance industry. Same applies for Silicon Alley is the hub for high technology industries of Information Technology.
- The education system in New York is excellent, and it has one of the highest concentrations of highly educated people in USA. The city also has above par health services, and ranks good on safety scale too.
New York City Notable Architecture:
NYC is a city of skyscrapers, and there are more architectural marvels in this city than any other city in the world. Below are a few prominent architectural spectacles scattered across NYC:
The Statue of Liberty
This world-famous monumental statue is an excellent example of Neoclassical realistic sculpture, that stands tall in the New York Harbor, welcoming immigrants and returning Americans to the States.
Empire State Building
A classic example of the Art Deco style of architecture, the Empire State Building was the tallest building in NYC after the destruction of the WTC.
St. Patrick’s Cathedral
It is the largest Catholic Cathedral of the Gothic Revival architectural style in North America.
Another Art Deco Marvel is the world’s tallest brick building.
NYC residential districts have brownstone townhouses, rowhouses and apartments or tenements.
Real Estate Facts and Trends in New York City:
- The median home value in NYC is $680,000 and it has increased 5.8% from last year.
- The median rent price in NYC is $2,875.
- Currently the housing market in NYC has become viable for prospective buyers, owing to number of foreclosures.
- The cost of living is quite high in NYC.
- Tribeca, Battery Park City, Chelsea and Murray Hill are few of the preferred neighborhoods to settle in.
Whether you’re looking to buy a home or rent a place, it is always best to do so after thorough research. It is also important to fix your budget before you think of settling in NYC.