Manhattan is a city in Riley County, within the state of Kansas. As for the pros and cons of buying property in Manhattan, here are a few:

Pros:
1. Growing economy: Manhattan has a diverse economy with a strong emphasis on healthcare, education, and technology. This has helped the city's economy grow steadily over the years.
2. Strong rental market: With Kansas State University based in Manhattan, there is a high demand for rental properties in the city. This makes it a great location for investors looking to purchase rental properties.
3. Low cost of living: Compared to other major cities in the United States, Manhattan has a reasonably low cost of living, which can make it an attractive location to live or invest in.

Cons:
1. Limited real estate inventory: Manhattan is a relatively small city, which means that there may be limited options when it comes to real estate inventory. This can make it challenging to find the perfect property at times.
2. Weather: Kansas has very cold winters and hot summers, so you'll need to be prepared for extreme temperatures if you plan to live in Manhattan.
3. Flood risk: Manhattan has a history of flooding, which means that some areas may be susceptible to flood damage. It's essential to do your due diligence and make sure any real estate investment you make is not in a flood-prone area.

These are just a few of the pros and cons of buying property in the city of Manhattan, Kansas. Ultimately, the decision will depend on your personal preferences, investment goals, and financial situation.