Where do the wealthiest people in New York live? Upper West Side? Facing Central Park? Manhattan?

Question

Also, what are some great hotspots - restaurants, clubs, museums in these areas?

Answer 1

Upper East Side is old money, Upper west side in new money. On both the east and west sides, the wealthy live close to Central Park so they could see the park from their window. On the east side, Fifth Avenue, you have 14-room apartments worth more than $20 million dollars. On the West side,Central Park West, same story, including Mick Jaeggar of Rolling Stone fame who lives in the 70s street. Also plenty of celebrities on the East Side, Barbara Walters lives there. Way too many celebrities to mention that live in apartments overlooking Central Park. On the East side, you have more museums including the Met on Fifth Avenue, the Guggheimer, the Whitney, and so on. On the West Side, you have the Natural Museum of History on Central Park West, plus John Lennon's Strawberry Fields.

Answer 2

The guideline for renting an apartment is a salary of 45 times the monthly rent. That would mean they are qualified for a rent of around $13,500 a month. If they wish to be in a top building, such as 15 CPW, 1 Central Park, the Time Warner residences etc, they will be looking at a nice, but not extravagant 1 bedroom for this price. If they are willing to live 2-3 blocks away from the park, and thus, without a Central Park view, they can afford a really nice 2 or even 3 bedroom apartment. It's hard to define what is middle class in NYC. They are considerably above what is the "average" resident of the Upper West Side, but they are also not quite on the level of the really rich people. As a guideline for purchasing an apartment, $1million per bedroom is a rule of thumb that works fairly well. Again, if they want to be _on_ Central Park, with a view of the park itself, you can (at the very least) double that. That being said, with a combined salary of $600,000 they should be able to get financing for an apartment in the $3million range at the least.

Answer 3

There are a lot of wealthy, "old money"-type of people living in Park Avenue, on the Upper East Side, Central Park West, etc. However, there are a lot of wealthy "urban artist" type people in SoHo, TriBeCa, and the meat-packing district. It depends on if you're talking wealthy-trendy or wealthy-snooty. As far as hotspots go, there is literally a hot new restaurant opening somewhere in Manhattan every night, and I'm sure you've heard of all the traditional sights to see, such as MoMA, the Met, etc. My personal favorite hangout in NY is Barcode, which is kind of like an uber-trendy Dave and Buster's type club with arcade games in it. It's right next to the W hotel, but I forget what street it's on.

Answer 4

Live Upper West

Answer 5

Most of the wealthy people live near central park..or near certain new york landmarks...People pay alot of money for whats around them in the city...I was in a cab the other day passing Central Park and saw a movie being filmed in front of central park..People live across the street from Central Park and they probably pay loads of money for that...I don't know how many times I've seen something being filmed in front of Central Park on my way going somewhere...

Fifth Ave..Central Park West...around the park...also in certain areas in the village..some areas on the east side of manhattan

Answer 6

There is no one answer to your question. Some very wealthy New Yorkers select a variety of neighborhoods based on preferences. Along Fifth Avenue north of 59th Street, Park Avenue and Central Park West are three prominent areas. However, many choose the Soho and Tribeca areas downtown today. I know a self-made billionaire (seriously) who rebuilt a mansion in Brooklyn Heights. He has a driver to ferry him to his Manhattan offices and to his biz jet at Teterboro Airport (NJ).

Answer 7

I would say:
"Central Park West" for old money
"Trbeca" for new money (but they can be anywhere since there are +$10MM places almost everywhere in the city now)

and to address the quality of the answer above, barcode closed quite a while ago

Answer 8

5th Avenue facing central Park or Park Avenue between 60th and 80th streets, then Central Park West. I've been in a few "multi- million dollar" apartments in this area. It is very disapponting to see that they pay twenty times what someone in Des Moines who works as a garbage collector does.

Answer 9

1

Answer 10

The wealthiest people in New York may have property there but they spend most of their time anyplace in the state BUT New York City