NYC has NOT suffered from the Mortgage problem and prices are very very high. No bargains to be had but I said that 10 years ago and turns out everything then was a bargain.
No problems buying in NY as a Foreigner at all.
Most apartments in NYC are CO-OPS and not condos for tax reasons although maintenence is higher.
I am a New Yorker but not interested in investing there these days. I have been investing in the Dominican Republic for 7 years now and having an enjoyable time.
I can recommend a real estate broker who is a friend of mine in Manhattan. Herbert Stender 917-701-0316 is his cell phone number. I actually handle some of his investments in the Dominican Republic on his behalf and he is a fair and square fellow although the agent actually represents the seller and not the buyer but he won't mislead you ever.
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