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Out of towner.

Joined
28 September 2002
Messages
17
Location
Exeter, NH
Hey, i'm from out of town and i heard that parking in Manhattan is really expensive. Is it that bad. I was thinking if it was that bad, then there wouldn't be so many cars around there and there still are loads... Anyone can enlighten me cos i might be moving up to NYC...
 
Parking in Manhattan is very expensive, even by the standards of us jaded lifers. Are you talking about parking on a monthly basis or daily? You mentioned that you might be moving up so then it depends upon what neighborhood you would be moving to. Midtown prices are more expensive than the upper east or west sides. A full day of parking can run anywhere from $18 to as high as $52 depending upon the neighborhood and garage. Hourly charges can be anywhere from $10 to as much as $22. Many garages have a teaser rate posted out front such as "$6.50 for the first half hour" but it escalates exponentially from there. Other garages will give you an early bird special where you might be able to get a "steal" at $15 for the day if you get in before a certain hour. It also varies as to whether you want to park it in a garage or out in an open lot.

Monthly charges can range anywhere from about $350 to almost $700 depending, once again, on the neighborhood/garage. Charges can also vary for the type of car with some garages getting a premium for SUV's and certain luxury cars.

Street parking is available in some neighborhoods and virtually non-existent in others. Even if you found a spot on the street, it is a massive headache with alternate side of the street parking rules whereby you would have to get up before dawn to move your car and try to find a spot on the other side of the street along with all the other street parkers.

Street parking would not be advisable anyway depending upon the type of car you have. I wouldn't want to leave any luxury/exotic on the street nor any "wanted for parts" cars such as the honda accord.

Bottom line is if you can afford to live in Manhattan and afford to own a car in Manhattan with its exhorbitant insurance costs then you should be able to afford to park it there as well. Just don't expect any bargains.

Bob
 
thanks for your imformative reply. oh man.. that's pretty darn expensive. and i thought that the parking in Singapore was expensive enough. haha. so do you stay in manhattan? you have to put up with the high parking costs? how high are the car insurance costs... for say, a 2000 S500 or maybe a WRX.
 
Second question first because it is easier: the special weekend rates would be the $7 for the whole day (max 12 hours). Some garages will offer that special on Saturdays too but it is more prevalent on Sundays.

Insurance costs are very expensive and depend upon a multitude of factors. You will get a discount for multiple cars as well as having other coverage such as homeowners/renters insurance with the same carrier. The multiple car tier discount probably wouldn't apply to you because if it did, you probably wouldn't care about the cost of the insurance in the first instance if you could afford several cars in Manhattan.

You would also get a discount if you garage the car. This would not be enough to offset the monthly costs of a garage but at least it is something.

Some insurance companies won't write coverage on certain cars at all in Manhattan and others may write coverage only if you keep the car in a garage. Before moving out of Manhattan years ago, I tried to get a policy to cover a 300ZX and an S class Mercedes. Allstate refused to write a policy for the Z and insisted I garage the Benz in order to get comprehensive coverage.

Depending upon your driving record as well as your deductible (which should be as high as your confidence in your driving abilities), you should expect to pay over $2000 per year for an S500 and probably at least $1500 per year for WRX because it is considered a sports car. A lot depends upon your age, use of the car and driving history. You should check with your broker before buying/bringing any car with you.

I still go into Manhattan several times per month and put up with the cost of parking because I would not leave my cars on the street, even if I could find a spot.

Good luck!

Bob
 
An NSX with out of state plates won't last very long on the streets of NYC-IMO. When I moved back to NYC from FL, mine was stolen the fifth time I parked on the street for just a couple of hours. NYPD=New York's biggest street gang.
 
Thanks bob, well the cost of living in Manhattan is quite expensive as well, so is living in Long Island cheaper? I know the parking and all will be the same because i would still have to drive into manhattan. After hearing what Major Stoner said, i'm really scared of my car getting stolen. I thought it was only in the movies that they got stolen. well, i guess i was wrong. That's because in Singapore, where i am now, it is one of the safest cities in the world and you see people leaving their S500s with the engine running out on the curbside while they run down to 7-11 to grab something. So i'm really not used to the crime rates in NYC, but i guess i could get adjusted. If i were to take the subway, is it safe to walk on the streets alone at night? or is it safer to drive?
 
The cost of living on Long Island is cheaper than Manhattan. You might also want to consider Westchester which would be anywhere from 30-60 minutes outside of Manhattan, depending upon how far north into Westchester you go.

You could avoid driving into Manhattan if you choose either Westchester or Long Island. The Long Island Railroad goes into 34th street/Penn Station and Metro North services Westchester with trains originating/arriving in Grand Central Station located at 42nd street in midtown.

Don't believe the wild west type stories regarding crime in Manhattan. Crime has dropped tremendously since Giuliani was elected mayor and the city is one of the safest large cities in the country. There are certain neighborhoods that I would not recommend going into and certain subway lines to avoid at night, but overall the subways are a safe form a transporation during most hours in the majority of neighborhoods.

Walking around town is also pretty safe despite our apparent reputation. I wouldn't recommend going to an ATM and counting your money out in the open on a busy street corner but you wouldn't do that in any large city anyway. The city streets are always filled to capacity with workers and tourists anyway so you will have plenty of company if you walk around. Many areas have people walking around all night anyway, such as in Greenwich Village and the upper east and west sides.

Even car theft is down over the years but I have to admit that leaving certain cars on the street will invite trouble. Between chop shops looking for parts and organized groups targeting certain cars for overseas shipment, your best bet is to bite the bullet and pay for a garage when in the city.

Just in case you didn't know the rental rates in Manhattan, be prepared to pay at least $1500 for a very small studio in an older building and at least $2000 for a one bedroom apartment in a nicer building in most neighborhoods.

Bob
 
well, i rather like the houses in Long Island, especially those landed properties. Maybe i could get a car in Long Island and drive to the nearest direct train station into Manhattan. Are there safe parking zones near the Long Island train stations?
yea i checked out the prices of the apartments in manhattan. it's pretty expensive. even a studio or a 1-bedroom couldn't accomodate me. i'll have my family staying with me, so that leaves me with only the choice of at least a 3-bedroom. Unless, of course, i were to get a house in Long Island where they are much bigger. How about Brooklyn?
 
Having a family with you changes some of my advice. If you have school age children, you would need to be concerned with the school district you would be moving into unless you would choose private school (unlikely scenario because if that were the case you probably wouldn't be concerned about how expensive NY is).

With kids, your best bet would be either Long Island or Westchester. You would need to do some research into the school districts because outside of NYC each is distinct. For example, my district spends approximately $18,000 per year per student while some neighboring districts might spend only $12,000. But the difference will lie in real estate taxes and assessments and since the average house price in my town is $1.1 million while the county average is about $550,000 my district has a larger pool of money to spend on students. If you are renting rather than buying at first, you should take advantage of the owner's taxes and get the best school district you can for the kids.

Most towns on Long Island and Westchester have parking lots for their respective train stations. Some provide monthly/yearly passes and others may just be meters on a daily basis. Most of the railroad lots are safe and convenient.

One more thing about Long Island though. The traffic generally rivals Los Angeles for being constantly jammed up so that is another consideration if you are looking to drive back and forth to Manhattan.

Brooklyn has some nice neighborhoods and some not so nice ones. You get what you pay for and some of the better areas convenient to Manhattan have rental costs comparable to Manhattan, such as in Brooklyn Heights and Carroll Gardens. Once again, it depends upon whether you have school age children and want to put them in NYC public schools which generally are not known as being as good as suburban public schools.

It seems like you need to get some research done depending upon your family makeup. With kids, make sure the schools are good and worry about the traffic and parking later.

Bob
 
Well, I'll have to put him into a private school. He's 15 this year and he's really interested attending a private school and he's considered an international student, so i'll have to put him in one. My daughter would have gone to University by the time i move to New York, so i guess she won't be staying with us most of the time.
i've looked up westchester and found some really nice houses in Armonk and thereabouts. Are there any of those kinds of houses for rent in that neighbourhood or thereabouts? Also, how long would it take to drive down to Manhattan from there?
 
Armonk is a great area but I am not too sure what the rental situation is. Most real estate brokers have websites and this would give you a better idea of what is available. I will try to get a few links for you in my next post.

Armonk should be about a 45 minute drive into Manhattan. I am 10 miles north of Armonk and it will usually take me about an hour to get down to the Lincoln Center area.

Bob
 
hey bob, thanks so much. you've helped me out a lot here. hope to meet up with your nsx club in New York when i get there. But i think that wouldn't be for at least another year. what's your email address by the way? so that i could contact you if i have anymore queries?
 
You can get my email by clicking on the profile icon above my post.

Hope you can hook up with us when you get stateside. In the meantime, you can get to "know" us in this region by checking out out local website at www.nsxuppereast.com

I hope the info helped.

Bob
 
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