Obviously you can afford to wait before you sell, am I correct? One other option which no one has mentioned yet is why not test out the market. Because it's a coop I'm almost confident in thinking that you have lived there for several years. Most people don't buy coops as a quick investment to flip in a year or two. So my advice to you would be to put your property on the market with a broker for the price that the market can handle ( and please not an imaginary price which many owners think their apartment is worth, because they put love into it and remodeled it, or lived in it for ten years) Real Estate should be Rational and Less Emotional, because what looks great to you, is not what the buyer thinks or wants to even cares about, so you have to be objective. Right now its all about exposure to your property, thats my way of telling you to go with a large brokerage firm. I don't want to sit here and brag about Douglas Elliman, but we are the largest firm in New York, with 1400 agents in the NY area not including Long Island. Lets do some simple math here, average broker works with 5 to 10 buyers at one time, multiply that by 1400 agents, and that is your potential exposure for your property.
Think it over, it's not an easy decision and it really doesn't have to be a hard one ether, let me know what you decide on, give me a call or shoot me an email and we can go over options for you.
If you have any questions dont hesitate to email me at Cgalindo@prosperityREG.com
Gail Gladstone is correct and provides many questions to help you assess your situation. I am Cobble Hill resident for 25 years and an Associate Broker with Coldwell Banker Previews International. I would be available to provide you with an assessment of your coop and current market conditions to help you in evaluating your options.
The market may be lower to sell, but it is also lower to purchase. Anyone buying and holding will ultimately have a property that has appreciated.