The property that you refer to above is not a condo, but rather a co-op. In general, most co-ops are not able to be rented as an investment property, but are only able to be rented once the purchaser has actually lived in it for a period of time, and then only able to be rented out for 2 or 3 years.
Do you have any particular neighborhoods in mind? What is your budget for this anticipated purchase? I'd be interested in helping you find your investment property so please feel free to contact me and let's discuss your parameters.
Arlynn B. Palmer, ESQ, CBR, SRES, CMS, CNS
Associate Broker, REALTOR
Daniel Gale Sotheby's International Realty
Office: 516.484.1800 x 252