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Panda, Home Seller in Kew Gardens, Queens,...

We would like to sell our 1 bedroom coop in Kew Gardens. After several building improvements over the last two years, our building's reserve

Asked by Panda, Kew Gardens, Queens, NY Wed Jun 23, 2010

fund is not as large as those of other nearby buildings. Also, there's a pending lawsuit against the coop.

Will anyone be interested in buying our unit?

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David Callaghan’s answer

Yes, there will be buyers interested in your unit. Reserves and pending lawsuits influence a buyer's choice, as well as location, condition, updates, size, and price. An additional factor is how well your property is marketed to buyers. How extensive is the internet exposure, how extensive is the print exposure. The greater the number of potential buyers that view your unit, the greater the possiblity to find the person ready, willing, and able to purchase your unit at the best price possible.

Some quick information on One-Bedroom co-ops that have SOLD in Kew Gardens over the past 6 moths.
28 Units Sold
Average SOLD Price: $170,525
Median SOLD Price: $170,000
Lowest Sold Price: $120,000
Highest Sold Price: $235,000

There are currently 71 One-Bedroom co-op units For Sale in Kew Gardens
Average Asking Price: $184,546
Median Asking Price: $185,000
Lowest Asking Price: $124,500
Highest Asking Price: $239,998

Please feel free to call or e-mail with any questions on the sale of your co-op.

David Callaghan
Coldwell Banker Real Estate
1 vote Thank Flag Link Wed Jun 23, 2010
It will be a matter of an individual's choice--if you need to sell, no reason not to list it on the market soon. Be aware of recntly sold similar units in the immediate area, review the data and make a determination as to a fair price--keep in mind that in today's market, pricing and marketing that maximizes your exposure are paramount.
1 vote Thank Flag Link Wed Jun 23, 2010
I operate a local site KewGardens.com and can help you sell your unit. You can contact me at 917-539-6005 Boris for further information.

Boris Bast
917-539-6005 Mobile
0 votes Thank Flag Link Wed Aug 15, 2012
Hi Panda- you can see that there are many 1 bedroom units for sale at the moment. Yours will have to compete and be a better buy than most. Kew Gardens happens to be a very hot selling area....very convenient to transportation, shopping etc.etc..

Since June 2009 to present-
33 1 bedroom units have sold between $120,000-$242,000
15 1 bedroom units are under contract
76 1 bedroom units available between 124,500-$245,000
Depending on which development-which floor your unit is on, maintenance charges, condition of the unit - will determine what price you should be asking. Can give you a free Comparative Market Analysis-no obligation-Give me call Terry K 718-614-3167 cell or email me therese.korahais@elliman.com.
0 votes Thank Flag Link Wed Jun 23, 2010
I have a few coops for sale in the are and without more
information on size,mint. and price it would be helpful.
If you have any questions please call me at 347 932-0609
Thank you
0 votes Thank Flag Link Wed Jun 23, 2010
We could deffinetely help you in your selling process.
Do give us a call.
0 votes Thank Flag Link Wed Jun 23, 2010
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