Where to downsize in New York City

Moving to less house here usually means trading a house or a walk-up for an elevator building, and choosing between a co-op and a condo. Start with your borough. Each borough page lists every neighborhood in it, district by district, and 23 neighborhoods have a full guide to housing, transit, hospitals, flood risk and taxes.

Check the evacuation zone and flood map before you shortlist. New York City ranks coastal neighborhoods into six hurricane evacuation zones, and the FEMA flood maps that drive insurance requirements are a separate thing. Look up any address in the evacuation zone finder and the FEMA Flood Map Service Center, and get a flood insurance quote early.

Neighborhoods with a full guide

Manhattan

Brooklyn

Queens

The Bronx

Staten Island

How to compare neighborhoods as a downsizer

  • Co-op or condo. A co-op means buying shares with a proprietary lease, board approval, the building's own sublet rules and, in some buildings, a flip tax. A condo is a deeded unit, governed by its declaration and bylaws. The co-op and condo guide explains the differences.
  • Elevator or walk-up. A pre-war walk-up can be charming at 60 and hard at 80. Ask about the elevator, the stoop and the route to the laundry room.
  • The building's finances. Ask for the financial statements, any planned assessments and what maintenance or common charges cover.
  • Getting around. Check whether the nearest stations have elevators, which buses run nearby and how steep the walk is. See getting around after 65.
  • Taxes. STAR, SCHE and the co-op and condo abatement all depend on the home being your primary residence and on dates you should plan around.

Money questions come up fast. Our Costs and Money guide covers transfer taxes, STAR and senior exemptions. If you would rather leave the city, see 55+ communities on Long Island. When you are ready to talk it through, get matched with a local downsizing specialist.

Neighborhood names and boundaries follow NYC Planning's 2020 Neighborhood Tabulation Areas, grouped by community district.