You purchased in 2020 so you're experienced in high-demand, competitive markets.

Here's the problem: They are not a sustainable asset for most to own; they are difficult and costly assets to exit through a sale; if you achieve favorable refinances, you may be able to use those funds to buy other (hopefully better assets) but are now faced with operating highly leveraged bad assets. 

Your income isn't high enough for it to make sense as a rental and the closer you get to your residence limit the greater pressure you will have to sell it before losing your exclusion in whole or part. 500k right now can make $15k per year income with zero maintenance or tenant risks. 

I highly recommend managing it remotely if possible.

There are a lot of markets with solid job markets, strong populations, solid rent growth, but when you are talking ONE property, unless you are considering highly rural areas, it likely doesn't matter.  

prices are high, interest rates are high, there is tremendous demand for inventory, and - one thing that doesn't get mentioned enough - a record number of properties are debt free. 

One thing to consider is whether a two-family twproperty might provide better cash flow than a condo, especially with NYC’s high costs.

Other advice, especially that pertaining to tax benefits, is also highly appreciated!

I would highly recommend you create an LP agreement.

Maintenance and admins fees are high.