I have a family of five and have 5 million to spend, what type of house/apartment would i have in NYC?

	I have a family of five and have 5 million to spend, what type of house/apartment would i have in NYC? If you hear to *** me out, then get the ** out of here! i only want serious answers. i am considering moving from the burbs and into the city and if you are here to attack my grammar. I could care less because I work for Morgan Stanley! your "excellence" is grammar has left you 5 million short! Asked By: GoldmanSachs M&A - 7/10/2008

Best Answer - Chosen by Asker
Best bet is to network with colleagues on the job. Perhaps you might want to use Morgan Stanley relocation services. Before committing yourself to any one site, check out night life -- many otherwise quiet neighborhoods suddenly become raucous clubbing districts after dark -- until 4 in the a.m. Look for conveniences like hardware stores, shoemakers, bookshops, movies, vets. Many otherwise laudable neighborhoods are short of these amenities. Stay away from dormitories -- apartment houses catering to young singles -- Schools and churches, family doctors, decent supermarkets, garage, parks and parking, police presence, firehouse, hospitals, bakers, butchers, diners/luncheonettes, fast food places, laundries, drycleaners, bodegas, delis, subway stops,# of elevators in building. building staff, security, demographics -- especially young families (who will be your children's friends?), local politicians for favors, paperwork, banks & ATMs, celebrity presence (groupie/fan/paparazzis at all hours), intensity, profusion of graffitti, motorcycles, vitelloni (street corner louts), level/continuum of community activism (apathetic to zealous to frantic), local construction, tourist attractions (crowded sidewalks), sidewalk cafes (ditto) Answered By: lordreith - 7/11/2008

Additional Answers ()

Are you going to use the public school system or private school. are you going to try to keep up with the neighbors? have live in help? can you pay the taxes and maintenance, furnish it. you need to have the funds to maintain a lifestyle for you and your family equal to the society you will be living in. For 5 mil you could get an apt, a townhouse would cost more. Answered By: NYC Chutzpah - 7/10/2008

As Morgan Stanly is crashing to its 52 week low you may want to check to see if you still have your 5 million. 5 million will get you a park block house in Park Slope or a nice apartment in Manhattan. Answered By: hfrankmann - 7/10/2008

Your best route is to speak to a reputable real estate agent who has a broad knowledge of the housing market in various parts of the city. Let him/her make a presentation to you about the options available to you. Obviously, if you have $5 million to spend, you can afford something decent, and are worth the time for an agent to do work on your behalf. I suspect you'll receive an e-mail from one of the agents who look over these questions. Just make sure that you check references and credentials before signing anything from an agent (which I'm sure you already know). Answered By: DON W - 7/10/2008

If you get an apartment in NYC, I think that would be too small for a family of 5. Maybe get a nice house on the outskirts of NYC. Answered By: ashhh - 7/10/2008

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