Apartments make up the most significant number of housing units in the city. Among apartments, co-ops dominate and make up about 75% of the total inventory. They are cheaper and more readily available, but if you are trying to buy one, there is at least one question you should seek an answer to first – What are three disadvantages to living in a co-op?

As one of the most expensive real estate markets around the globe, New York is home to many high-end luxury buildings. They offer top-of-the-line amenities and great views, and naturally, come with expensive price tags. However, New York’s most luxurious apartments are in a league of their own. A few characteristics of these apartments are:

Most of the factors influencing the cost of a high-rise in NYC have nothing to do with the height of the building itself. While a high-rise is technically a building classifier, it can also refer to an apartment in such a building. The cost can range anywhere from $100,000 for the smallest high-rise apartments (in relatively old buildings with minimal amenities) to several millions in more luxury buildings with high-end amenities.

How much does an NYC apartment cost? Anywhere from $50,000 to upwards of $100 million (based on current Streeteasy listings). This massive range is a unique NYC characteristic and the final cost is influenced by what you are buying, where you are buying, and when you are buying. 

Is it wise to buy real estate in NYC? This is a question most prospective homeowners in the city have, thanks to the sky-high property prices. The answer is not a simple yes or no and is influenced by a number of factors. 

Your own apartment in NYC – it’s a difficult goal, but quite rewarding. The following steps can help you achieve this goal.

Before you start looking for an apartment in the city, you should know the basics. The requirements for buying an apartment in NYC can be different compared to other cities. This is doubly true if you are buying a co-op. 

New York has lost the title of the “City of skyscrapers” as at least two other cities in the world have more skyscrapers. However, it still has one of the highest concentrations of high-rise buildings in the world. A high-rise in NYC is any building taller than 75 feet from the minimum level of access provided for a fire department vehicle. This is an official building code classification. 

Finding a house in NYC can be as daunting as it is exciting. The mere thought of starting your journey to secure your own space in