Manhattan condos have attracted many foreign investors. Condos have higher appreciation potential and flexibility in renting out. They are usually newer buildings and almost all of new constructions are condos.
According to a survey of New York City apartment buildings commissioned by the Council of New York Cooperatives and Condominiums in 2005, the city has roughly 6,700 co-op buildings, 2,300 condos and fewer than 300 condops.
