How much is my apartment worth?

You may want to take a look at the rate per square foot in comparable buildings in the area. I think they are usually about $1030 per square foot around there. You might want to verify the square footage and how the building generally measures.

Tell us the building address and you'll get much more accurate advice...

550sf is a studio apartment. Is the kitchen renovation granite, stainless steel, is the bathroom upgraded? In this market everything counts. Before I bought recently I was prepared to pay for a completed apartment. Your location is terrific and I'm sure you will get a good price. Good luck.

Remembering that how much you paid for it months or years ago isn't relevant to its current market value
As a matter of fact, Manhattan properties continue to hit new high. A conservative appraisal to your condo is 1.15 million US dollars. Congratulation!

Yeah, $2000/sqft. Don't you think that's a bit too conservativeshe should ask a bit more, maybe $1.6M?

For a relatively quick sale, I would suggest $650-700K, maybe be willing to negotiate a down little bit, depending how the market looks the first quarter. $1.15 million seems like way too high.

I wouldn't take less than $2 mil. Check around on Streeteasy & see what comparable units are priced at &, better still, go to open houses in your nabe to get a feel for the pricing.

People on here are not always helpful. The quality of the building and amenities weigh in, too. Doorman, laundry on everyfloor/basement/not at all, elevator, ect. Condition of kitchen and bath matter somewhat as does overall condition of place. Is it beat up and the walls have to be skim-coated and floors replaced/refinished? Talking to a broker about what they think doesn't mean you have to list it with them. If you have a friend or two who have used a broker they like, ask them to take a look. It's free. Despite what you hear, there are some very nice (not many) brokers out there. If you get a bad vibe from one, move on though. Just like in any business dealings. That way, if the FSBO thing doesn't work out, you perhaps will already have an idea of what broker you'd like to call to help.

hanana, don't listen to some of these idiots. They are obviously bitter renters jealous that you are capable of buying when they are not. Look on streeteasy for comps and there are some threads from a couple weeks / months back that should help with FSBO

See my post on the Antoinette thread. You can easily type in your address on streeteasy to see the average ppsf in your bdg. This will take into account all the factors of the building, amenities, location, etc. Multiply by your sq ft and voila! So if will's $1030/sf is accurate for your particular bdg, then you should price at $1030/sf x 550 sf = $566,500. Buyers are very savvy these days, and if you list too far over that you will likely have to reduce until the asking is corrected for a more realistic market price.

i appreciate everyone's feeback. i was planning to list it at 650k and wanted to see if that was realistic. the kitchen was renovated with granite countertops and stainless steel appliances. the bathroom is not renovated, but it's in good condition (limestone tiles). my husband and i have taken good care of the apartment for the past 5.5 years and the floors and walls are in good condition. we actually love the apartment and building, but we need more space as we are expecting our first child this year. i have looked up our building on streeteasy, but i realize there are some factors to consider (such as high floor, renovation, when it was sold) when comparing our unit with others. i will definitely do more research before listing the apartment, including looking for the other threads on FSBO. thanks everyone!

your apt does not have laundry room (but in the building), no tax abatement, fair CC will get you around $1000/sq in your area. In this market, you'll be lucky to walk out with 550k

I would agree with ba294. The UWS is hot but 95th St. is not the same as Lincoln Square. You can do things to increase the value. Staging is a great idea. Get rid of clutter (i am sure you have it with 550sf!). Buy a new bedding ensemble. Try to make it look like the W hotel. Buy new designer towels and bathmats. Just have everything look fresh and white. If the bathroom is old, change the hardware on the cabinets. Have cookies baking and drinks for people who come by to look. This stuff might sound silly but it totally works. I sold my grandma's apt for the most any coop has ever gone for in her building and got into a bidding war in a down market.

hanana916- We just sold our place on West 106 by the park (1 bd, 1 bath, 670sqf), and it went for $825000 after a bidding war. We started at $760000.

A bidding war? Stop! Call MMAfia! Call Urbandigs! There is no way there could be a bidding war. It goes against all macroeconomic indicators. This can't be true!

inquirer, when did you put your apartment on the market? if you just closed, it was probably a few months ago? it seems like a different market these days so i'm just curious about your timeline.

also, i'm looking at floorplans of similar apartments on the market and it seems like the square footage listed is more than what the floorplan shows. i recently heard that for condos, you also include the percentage of common space you own in the square footage - is this true?

hanana916- actually, we had it in the market for less than 3 weeks and it was gone. Anybody tries to scare you into underpricing your place — don't listen. Price it the way you feel is right. You can always lower the price. Yours sound like a decent place. Remember that YOU BOUGHT IT, meaning someone else will too.

Wouldn't it be interesting if all the sellers in Manhattan took their apt off the market for one to two years.Inventory down to 0 would be rather fascinating. I wonder what that would do to the market. Kind of like an OPEC. OAOC (Organization of the Apartment Owner Committee) Cut off the supply or at least there should be agreement on supply or caps on the inventory. Just to keep things in check or to spice it up a little.