Condo flipping is alive and well in Manhattan, New York

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%.