Homes for Sale in Manhattan, Brooklyn and Staten Island

@Yossi Bangy You definitely can, I've got a studio last year in Upper East Side and now use it as a place to stay at when I'm in the city for work. My advice to you is just look for a good broker who would do the work for you, that's much easier. I was working with a guy from Douglas Elliman, just google them, I know they help a lot of non-residents.

@Yossi Bangy Real estate does NOT always increase in value, especially in Manhattan. Many people who bought a few years ago are currently under water.

@Alyson Reed A nearby synagogue--within walking distance (it is NYC).

@A - Asking price is not the same as assessed valuation, and you don't know when the last assessment was made on any of these homes. And where are you seeing an "885 sq ft $1 million coop in a newly residential lower Manhattan neighborhood pays $12,000"? The Manhattan apartment is on the UES, the cost is just under TWO million, the total square footage isn't listed (are you confused by the "85 sq. ft terrace"?), and the monthly taxes are "$0 " (as a co-op, the taxes would be included in the common charges, and the listing doesn't distinguish).

@A Good point. It's an open secret that the tax assessments in this town have long favored outer borough homes over co-ops as a political concession to the broad swathe of white ethnic homeowners across the four boroughs.