Real estate blog entries tagged with understanding and loving manhattan by Mitchell Hall NYC Real Estate Broker (The Corcoran Group)

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Home : Blogs : Mitchell Hall NYC Real Estate Broker : Manhattan Blog Estate : Tag "understanding and loving manhattan"

understanding and loving manhattan: Relocation Guide: Understanding (and loving) Manhattan - 02/16/08 03:16 PM

Before you come to love Manhattan, you must understand our peculiar housing market. Manhattan is a unique place in the real estate universe. Not only does it have a large rental market (75% of the available housing units vs. about 5 - 10% in other markets), but it has ownership and other important differences that are often puzzling to newcomers.
70% of Home ownership in Manhattan is in coop apartments. The rest are condos, condops and townhouses. Most new construction developments are condos. Most pre-war apartments are co-ops. Manhattan apartments are either pre-war (WWII) or post -war (modern.) Most Townhouses or … (15 comments)

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