Search through the New York Source's Manhattan Condominium Directory to find the right place for you. Please contact NYC realtor Patricia Levy for any Manhattan real estate interests you may have.
A condo can be a smart purchase and terrific investment. Condo owners have legal title, i.e., ownership rights, to a piece of land that New York calls "real property." Whether your condo is situated on the 3rd floor or high up in a penthouse, it's still a piece of land. Today, the vast majority of newly built New York City apartment buildings are condominiums. Real estate brokers know that buyers place a premium on the freedom and flexibility that condos generally offer.
Condos are a popular option because they are often more affordable, require fewer maintenance and landscaping chores, suit busy lifestyles, and serve well as a first home or downsizing from a larger house.
Here are some benefits to consider about owning a condominium :
- There are usually fewer maintenance requirements.
- They can be less expensive than a single-family home.
- You own the space between the walls.
- There may be more security with neighbors close by.
- The exterior of the building, landscaping, surrounding roads, driveways and common areas are owned by the condo association, a group made up of all unit owners.
