The condo market in Manhattan New York is alive and well. After some pessimism by many regarding the local markets ability to recover from the 9/11 catastrophe and Real Estate market woes, the numbers have proven the skeptics to be very wrong. Some note able properties that have made some investors a great deal of money include the Plaza, 15 Central Park West, and The Orion New York luxury Condos. The resold units in 15 Central Park West have gained an average of 92% in price, many of them in just a matter of months. The Orion, being a better example of the type of condos that have been recently built in Manhattan has appreciated at a lesser but still significant rate, is reselling at an average increase of 41%.

New conversion Manhattan condo development Gramercy Park Towers will soon light up Third Ave in New York City. This is a conversion with an estimated completion date in January of 2008. Equipped with awesome amenities, owning here is a wise choice. This condo conversion development will have beautifully renovated kitchens and bathrooms and newly built fitness center among other cool stuff. Gramercy Park Towers will have 50 units and prices will start at $500,000. Not bad for New York, right? Floor plans will feature 1 to 3 bedrooms.