NYC also has some very interesting tax laws. I believe nowadays you get a 35 year tax reduction if your condo building is not in Manhattan, has under 30 units a

NYC also has some very interesting tax laws. I believe nowadays you get a 35 year tax reduction if your condo building is not in Manhattan, has under 30 units and has an average unit value of under $1 million (technically it's $65k of assessed value which is around 6% of market value). That translates to maybe a 1 or 2 bedroom on average nowadays.