The Real Deal New York

From the January issue: When young professionals who have been renting want to buy a home in New York City but can’t afford one, they typically start to look beyond the city. Some wind up looking way beyond – to the Catskills, a rural vacation land north of the Big Apple and west of the Hudson.The phenomenon of vacation homeowners whose primary residence is a New York City rental apartment is increasingly common in the Catskills, which is just an hour-and-a-half drive from the city. While some Catskills properties do sell for over $1.12 million – the average price of a Manhattan co-op – most are in the $300,000 range, and some are even in the vicinity of $150,000.