Based on size to population, Manhattan is the most populated borough in New York. It is most popular for being the home to Central Park and the majority of New York’s skyscrapers. Manhattan is also the major economic center of New York and is where the headquarters of most of the nation’s major corporations reside.
With its skyscrapers, thriving business community and well known landmarks, Manhattan is arguably the most popular real estate location in New York. However, residents should be aware that buying real estate in Manhattan is a distinctive process. Manhattan is a unique real estate market where 75% of real estate is for rent. Residents have a choice of housing in Manhattan, these include coop apartments, condos and townhouses.