Manhattan is an island, so land is scarce. New York is one of the world centers for many industries such as finance, fashion, arts, advertising and publishing. New York has one of the densest concentrations of infrastructure in the world. New York is one of the few places in the world where the ultra-rich choose to live. This makes for a very stable real estate market in the luxury segment
Each new building has specific characteristics and might work better or worse for you depending on the desired outcome. Location is the most important factor for appreciation. A prime location will always be sought after. The closer the next subway station is, the better the appreciation of a building. The better the amenities of a building, the more desirable it might be
The Financial District is the fastest growing residential area in Manhattan. Prices are still lower than in other parts of Downtown Manhattan and will rise considerably over the coming years, especially after the new Financial Center and Fulton Street Transportation hub are completed