If you sell now, you probably won't make the profit you can make several years down the road, however you can probably make a great purchase in NYC. When the market turns to a seller's market again and prices start to rise, you're not going to be able to make the great deal in NYC. It is a trade off.
Things to consider, how long will it take to sell your Ft. Lee property and what will it sell in today's market.
If you have any additional questions, please let me know. I'll be happy to assist.
Walter J. Burns
1 Newark St.
Hoboken, NJ 07030
201-653-8488 Ext: 230