Leah Hochbaum Rosner

You've probably encountered apartments in “estate condition” before, or at least are aware they exist. But what exactly are they? And could buying one be right for you?

Although it’s a bit far from the subway, this modern $2,950 a month one-bedroom in a boutique condo building on the Upper East Side has quite a bit going for it. There’s a large living room/dining area with oversized windows, an open kitchen with granite countertops and stainless steel appliances, a renovated bathroom with a deep soaking tub, a master bedroom large enough for a king-sized bed and a separate office that can also be used as a second bedroom.