Buy to Let Building Insurance

http://www.nycdwellers.com/apartments/list.php?search=search

The first link shows available rent for one bed room apartments in Mid-Town Manhattan. It shows the first six listings as below $1,800, with the lowest being $1,500. Generally, this is a lucrative zone. If you’re content on living in an older, yet moderately to well maintained building, without an elevator or a doorman, and you’re making a decent salary, yet not rich (ex. $25-30 per hour), why couldn’t a single person, or possible a couple with no children feasibly live here on this? Especially if you don’t use cabs often, you don’t have a car, therefore no car insurance or car loans, and even though public transportation fees, no gas. If you need a car, you rent one out. What’s the catch here? Is there one? Or is this feasible?

http://www.nycdwellers.com/apartments/detale.php?ap_id=270700&n=5&rec_start=0

Finding cheaper rent is a little more common on the Upper West Side, especially past 100th street, but right here at about 89th street, there’s a one bedroom apartment for $1,750. While that’s probably a little expensive to most people in their late-20’s or early-30’s, if you’re making like $50,000 to $60,000 a year and don’t have any of those bills I previously mentioned, is there any particular reason why this couldn’t be done? I know there’s people out there who say you’ll go broke living in Manhattan, or that you simply wouldn’t be able to save, but it doesn’t appear to be like that as long as you don’t intend on living ”lavishly.”
Well, you could go a further distance to go shopping at a super market, but if it’s only one person, it’s not like you’d be shopping a lot. You’d probably be eating out a lot and not spending much more time in the apartment. That may be a little costly, but I’m not sure how much more that’d cost per month exactly. Maybe a couple hundred at most.
In terms of safety, that’s really not the issue. New York City is generally a very safe city, but Manhattan’s really the prime of all that, probably because of the wealth and the fact that a disproportional amount of cops are placed there. I understand I’ll probably never find in this price range in Mid-Town, but it seems possible on the Upper West Side, without going to far up.
I’d try to pick an apartment with the washer and drier, but with suits being pressed, that’s really the same issue everywhere. Maybe it’s a little more expensive in Manhattan though. Also, regarding the safety, maybe to people who live in New York, they think relatively safe areas are worst than what they actually are, since it’s very safe, but compared to other places around the country (ex. Baltimore, St. Louis, Detroit), it’s make Upper Manhattan look like the Brady Bunch.
Well, I’d go check out the apartment to make sure it’s alright lol I don’t know if it is, but I’m sure some are and some aren’t. Maybe some apartments are crammed up in Clinton, in the Mid-Town area, but I’m suprised there actually is one bed room stuff, rather than studios, in the $1,700-$1,800 range.
”Finally, this has come up before — what do you mean by a “lucrative zone”? Generally, central Manhattan is a lucrative zone *for landlords*, i.e. they make a lot of money, but that doesn’t seem to support your point in this “question.” ”

I mean lucrative in terms of geography to work, where things are ”happening” and the demand. For example, Mid-Town and the Village are some of the most expensive parts of Manhattan and it’s because of the demand from everyone included (New Yorker’s, other American’s and foreigners). There’s more demand to live there, which is why there’s more wealth, amongst both apartment owners and renters, than in upper parts of Manhattan’s. It’s still very nice in upper parts of Manhattan, but finding middle class people there is much more common.