{"id":185074,"date":"2026-04-04T02:18:36","date_gmt":"2026-04-04T02:18:36","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/185074\/"},"modified":"2026-04-04T02:18:36","modified_gmt":"2026-04-04T02:18:36","slug":"manhattan-real-estate-buyers-are-ditching-condos-for-co-ops","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/185074\/","title":{"rendered":"Manhattan Real-Estate Buyers Are Ditching Condos for Co-Ops"},"content":{"rendered":"<p>The southern views from the 88th floor of 520 Fifth Avenue, on West 43rd Street, are divine. You face the Empire State Building\u2019s spire and Manhattan\u2019s tapering tip, jutting into New York Harbor, as well as the Statue of Liberty and beyond. But this new condominium features more than a godly cityscape. The 1,002-foot tower also offers a unique vantage point on Manhattan\u2019s evolving real-estate market.<\/p>\n<p>No investment is a sure thing, and <a href=\"https:\/\/airmail.news\/arts-intel\/cities\/new-york\" target=\"_blank\" rel=\"nofollow noopener\">New York<\/a> mayor Zohran Mamdani\u2019s recent bid to raise taxes on billionaires\u2014or on high-value homes, or both\u2014is only the latest threat to local property values. But New York apartments remain resilient, banking on the hardest of assets: schist. Hemmed in by water yet easily navigable, rooted in bedrock that allows it to soar ever higher, Manhattan real estate is sui generis\u2014about as close to a sure thing as exists.<\/p>\n","protected":false},"excerpt":{"rendered":"The southern views from the 88th floor of 520 Fifth Avenue, on West 43rd Street, are divine. You&hellip;\n","protected":false},"author":2,"featured_media":185075,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[31209,31208,74399,74400,74401,74402,74403,74404,74405,74406,74407,74408,74409,74410,74411,74412,74413,75,84,83,74414,74415,74416,74417,74418,74419,9,24,74420,74421,63,74422,74424,74423,74425,74426,74427,74428,74429,74430,74431,74432,74433,74434,74435,74436],"class_list":{"0":"post-185074","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-manhattan","8":"tag-15-central-park-west","9":"tag-220-central-park-south","10":"tag-432-park-avenue-issues","11":"tag-520-fifth-avenue","12":"tag-740-park-avenue-co-op","13":"tag-aman-new-york-residences","14":"tag-billionaires-row-nyc","15":"tag-central-park-apartments","16":"tag-century-association-new-york","17":"tag-co-op-resurgence-new-york","18":"tag-david-netto-interiors","19":"tag-empire-state-building-views","20":"tag-helmut-jahn-cityspire-center","21":"tag-hudson-yards-condos","22":"tag-jonathan-miller-miller-samuel","23":"tag-ken-griffin-penthouse-nyc","24":"tag-luxury-real-estate-investment-nyc","25":"tag-manhattan","26":"tag-manhattan-headlines","27":"tag-manhattan-news","28":"tag-manhattan-real-estate-trends","29":"tag-michael-dell-nyc-real-estate","30":"tag-michael-gross-journalist","31":"tag-michael-gross-real-estate","32":"tag-midtown-manhattan-real-estate","33":"tag-moss-private-club-nyc","34":"tag-new-york","35":"tag-new-york-city","36":"tag-new-york-city-luxury-housing","37":"tag-nikki-field-sothebys-international-realty","38":"tag-nyc","39":"tag-nyc-apartment-sales-trends","40":"tag-nyc-co-op-apartments","41":"tag-nyc-condo-market-slowdown","42":"tag-nyc-housing-market-2025","43":"tag-one57-nyc","44":"tag-paul-goldberger-architecture","45":"tag-peter-pennoyer-design","46":"tag-rosario-candela-apartments","47":"tag-sanford-weill-citigroup-apartment","48":"tag-statue-of-liberty-skyline-views","49":"tag-stephen-schwarzman-740-park","50":"tag-stuart-elliott-real-estate","51":"tag-the-real-deal-nyc","52":"tag-vladislav-doronin-aman-new-york","53":"tag-zohran-mamdani-nyc-housing-policy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/185074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=185074"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/185074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/185075"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=185074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=185074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=185074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}