at the risk of sounding like the broken record -- do not discount Jersey City -- you are 8 minutes to World Trade/Lower Manhatten, 12 minutes to West Village and 20 minute to mid-town (33rd/Street and Broadway) on the PATH subway for only $1.20 versus the NYC transit at $2.00).
Yet somehow you say JC to someone in "the city" and they look at you and "apologize" -- it really cracks me up because I think -- OK -- I am 4 blocks from the river with an unobstructed view of NY Harbor and the Statue of Liverty -- you look at an airshaft, it took me 10 minutes to get to this restaurant and it took you over 30 -- I have over 1800 square feet of living space and you have 1/4 to 1/3 of that and you are apologizing to me because my area code is 201 and yours is 212 and I can save enough to have a car????
I am fortunate enough to own my unit/building, however rents in the Downtown area are in line iwth the outerbouroughs. Downtwon JC (Grove Street/Van Vorst Park and Hamilton Park) has gone through a MAJOR renaissance in the past few years with renovations of turn of the centruty brownstones and many bistros, pubs, restaurants.
On the Hudson are also many full service highrises, etc for those that prefer that style of living -- you can always see/find shares that are in line with what others here have posted.
"Sir K, the Viscount of Uppity-shire...." -- kissmycookie