Before I get into the five reasons as to why you should buy a condo in West Manhattan, there’s the need to clarify what a condo, compared to an apartment, really is.
The difference between a condominium and an apartment is mostly in its legal distinction – a condo is a type of shared property which contains individually owned units, while an apartment is a unit in a shared building.
Condo owners also share common space, like a garden or a pool – apartments have no such thing.
Now that we know that little difference, it’s time to dive into the five reasons why you should get your hands on a condo in West Manhattan.
1) Prices aren’t going down any time soon
The prices of West Manhattan condominiums are not going down any time soon, and that is coming from The Sargent Report, a blog by Tony Sargent, a very successful real estate broker.
“With only 30% of apartments for sale there is already a built in potential for inventory shortage as society becomes increasingly affluent and established,” he says.
That means that even if you don’t like the place, decide to move out, rent or sell – you’re not losing on your investment. As a matter of fact, as time goes by and the prices go up – you might even earn some cash just by selling. You can even check out https://1westend.com to see what a high-profile apartment in the West might look like.
2) The Night Life
Many bloggers living in Manhattan will agree – Nothing beats West Manhattan nightlife.
“Anyone who is anyone in the world of arts and culture wants to be in NYC at some point. This means you have some of the best selection of concerts, theatre, art, opera, dance and more in the world,” says bloggerManhattan Emily.
And let’s not forget all the places you definitely need to see, like the Statue of Liberty, for example.
3) Everything is nearby
With such a lush nightlife (and day life, obviously), every neighbourhood has everything you need – a drugstore, grocery store, great restaurants, bars, a wine shop, artisanal bakery, a coffee shop and much, much more will always be available to you within a one-block radius of your condo.
4) Prices aren’t THAT big anyway
If you think you’ll need millions of dollars to get a condo on Manhattan, you’re wrong. Apartment Therapy, a website dedicated to homekeeping and real estate shopping says you can buy a quality condo in a new neighborhood on the West side for less than half a million dollars.
“Manhattan real estate is notoriously expensive. But you don’t have to be a millionaire to own a home in the city that never sleeps,” they say.
5) The Nature
You might be in a big, busy city, but West Manhattan has places where a person can go to relax and just forget about the stresses of everyday life. Take Upper Manhattan Running Zone for example, or Riverside Park, Central Park, or Morningside Park for that matter.
There are many places all around you, with rivers, lakes, forests and clean air to go and relax, have some fun and enjoy living the good life