An appraisal is an estimate is supposed to be an unbiased professional based on comparable recent sales. A seller hopes market sentiment becomes more positive and a buyer has a strong desire for the seller's place, a desire which is expressed in a premium price. An exclusive broker representing you, should market the property widely, instill desire in buyers for your unit, and give you sound, unbiased consulting, regarding market conditions for your unit and your needs.
Presently, market demand and prices have increased greatly since last year. If the appraisal was accurate, your condominium should be substantially higher. Probably more than $3,000,000.
Peter Howard, Associate Broker
Charles Rutenberg, LLC
127 East 56th Street
New York, NY 10022
The value most definitely has gone up, as our market has certainly trendedup since June of last year. You are in a very desirable location where inventory is scarce. I would suggest you get another appraisal to find out the current value. If you are thinking of selling it, you would want to use a skilled experienced agent, and one of the first things we would do is give you our idea of what it should sell for based upon the current comps of active, in contract and recently sold of as similar apts as possible based upon available data (the same data appraisers use).
Halstead Property, LLC
My guess is between 3 million and 3.5 million, but this depends greatly on the view, the light, the layout of the apartment and the over all condition.
I would also suggest getting an appraisal, or at least getting a look at some comps. I would be happy to do a market analysis for you, as I am sure any of the local Real Estate Agents would as well.
I would need a bit more information before I could give you a comparative market analysis and a proper valuation. However; I can tell you that if you have a condo that you are looking to sell I have buyers waiting in line.
Chances are, the values have gone up. This is the trend I have been seeing doing appraisals and brokerage in Manhattan.
You can reach out to Vanderbilt Appraisal at 212-546-1070 to request a new appraisal.
SVP/ Associate Broker
Rutenberg Realty NYC