this post was submitted on 28 Oct 2023
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It'll have a domino effect, more apartments in Manhattan means less people in Brooklyn, Queens, etc. meaning prices go down in the latter boroughs. I live in Jersey City across the Hudson from Manhattan and a large part of the residents here are just people who can't afford to live in Manhattan.
Yes, I used to live in a converted office building in Newark NJ (not far from Manhattan) and really loved it. And yes people will always want to live in NYC and especially Manhattan. Many people, myself included simply prefer living in cities. I've also looked for apartments in Manhattan and it's completely different than anywhere else.
I remember watching the SOHO lofts get built sitting in 78e traffic towards Hoboken every morning.
It seemed to me as if it was an old industrial revolution styled office building or warehouse being converted into apartments.
I hope to see more of that in the future