Hi Tina, the only way to find out the "average" price per square foot sold is to pull comps from the last 3-6 months. I am a Rivertowns agent and would gladly pull comps for you so you can get an idea. The other way to determine is the appraisal method and appraisers use a specific formula to figure out their price opinion. Other factors to consider are property condition and location. Those two factors are very important when pricing Real Estate.

Sincerely,

Christopher Pagli
Associate Broker
Legends Realty group
914.406.9023

Determining a fair price for an “offer to purchase “a coop requires the study of recent comps or perhaps comps that are similar to current market comps. Each cocp is different. Now, more than ever, examine the underlying financials and soundness of the coop itself. How much of maintenance is tax deductible. Does coop have a good reserve fund?

There is an intuitive component as well. How much do you LOVE it? If the kitchen needs nothing but your pots and pans, that is worth money.
Know the current market. Know the inventory and the recent sales.
Understand that the stronger your offer (more cash down, unconditional closing, bank commitment letter, ability to close quickly) the more leverage you have with the price.

Knowing the sellers level of motivation can add to the equation.

Your broker may be able to give you the information to help you make a decision.
Average price SF is not that useful when in comes to honing in on a specific home.

If I can be of help, let me know .
Joan Penn