In the years since the economic collapse, we have seen a wide array of metaphors deployed to describe both what just happened and what lies ahead. Some were more felicitous than others and none quite did the trick, but when it comes to summing up the current situation in the market for Manhattan condominiums, "like turning around a battleship" isn't bad at all. This particular pundit-approved cliche is unusually apt when it comes to describing the Manhattan condominium market's a slow, steady and maddeningly gradual ongoing comeback. Given the extent of the slump in the Manhattan real estate market, this is to be expected -- and is even somewhat advantageous for those browsing Manhattan apartment listings, as condo prices are still relatively low, and price cuts still comparatively common. But a recent article in the New York Times serves as a sobering reminder of both how deep the real estate trough of the last few years actually was, and as a warning that -- once we finally get this battleship turned around -- there may still be some choppy seas ahead for those looking to buy a condo in Manhattan.
There's plenty to do in Midtown Manhattan -- New Yorkers know that, and so do the tourists who throng to the luxury shopping on Fifth Avenue and such tourist mainstays as St. Patrick's Cathedral, the Empire State Building, and everything in between. In short, most Manhattan residents and Manhattan visitors think of Midtown Manhattan in the same way: a nice place to visit, shop, and eat, as well as work or take photos, depending on whether you're arriving from within NYC or without. The proliferation of new construction luxury hotels in midtown Manhattan reflect its status as a tourist hub, but those hotels have a secret. Well, two secrets, if you count the 
