>>It may sound absurd for folks outside of NY (or Bay Area), but $2M barely gets you a 2/2 in Manhattan these days
$2M USD can buy an older stock 3-bed 2-bath or "classic six"[1] co-op apartment in Manhattan.[2] Anything north of $2M for a 2-bed 2-bath is more likely to be in an expensive neighborhood, an explicitly expensive/luxury building or new (and likely luxury) condo unit building. This last category is pertinent to NYC real-estate because most apartment inventory is co-op compared to condo.[3]
$2M USD can buy an older stock 3-bed 2-bath or "classic six"[1] co-op apartment in Manhattan.[2] Anything north of $2M for a 2-bed 2-bath is more likely to be in an expensive neighborhood, an explicitly expensive/luxury building or new (and likely luxury) condo unit building. This last category is pertinent to NYC real-estate because most apartment inventory is co-op compared to condo.[3]
[1] https://en.wikipedia.org/wiki/Classic_Six
[2] https://streeteasy.com/3-bedroom-apartments-for-sale/manhatt...
[3] https://www.nytimes.com/2012/10/07/realestate/getting-starte...