Probably important to note that for $300,000 in the East 40s of Manhattan, you're almost undoubtedly getting a co-op and not a condo... meaning you aren't getti

Probably important to note that for $300,000 in the East 40s of Manhattan, you're almost undoubtedly getting a co-op and not a condo... meaning you aren't getting "ownership" in the traditional American sense of "owning one's own home". See here: http://streeteasy.com/condos/midtown-east?sort_by=price_asc http://streeteasy.com/condos/midtown-east?sort_by=price_asc Cheapest studio condos go for upwards of $500k.