It all depends what you paid for it when you purchased it. We recently went to contract on a 1 BR in the heart of Kensington, on Ocean Parkway between Cortelyou Road and Avenue C. We can tell you that we had it listed at $159,000 and it generated alot of interest and calls, and traffic and we had no trouble getting offers.
There's really no way of knowing how much you will profit from selling now, because every buyer is different and how quickly it sells and for what price depends on location, condition, upgrades and your asking price in relation to current market value. Have you put alot of money into renovations, such as the kitchen and bath? Have you recently painted your unit? What is the maintenance, and what does it include (heat, or heat plus gas, etc.) Can the unit be subletted? Is the building a newer luxury building with doorman and terraces or an older building? Finally, what floor is your unit on and does it face Ocean Parkway or the back? All of these factors will determine the desirability and ultimate selling price of your co-op. The bottom line is always price. If your unit is priced to high, it will sit and not generate interest no matter how good the location.
On the positive side, Kensington is now one of the most desirable locations in Brooklyn and we have many calls from prospects seeking co-ops in the area. As younger people have been priced out of the Park Slope/Windsor Terrace market, Kensington has become a hot neighborhood. On the negative side, because the market has been so slow, there is approximately a 10 month inventory of homes, in general, on the MLS in Brooklyn. Because of the high inventory and new co-ops that will be listed in the spring, there will be more competition to sell your unit.
So your best bet is to contact a Realtor and get a comprehensive home evaluation which includes up-to-date comparables, including units in your area or building that have sold, that are in contract and that expired (when listings expire it means the prices were probably too high). So, with the market analysis you'll be best informed to make a decision.
David and I would love to help you. Please feel free to contact us at firstname.lastname@example.org, or give us a call at 917-593-4068 and we will be happy to do an evaluation for you! Good luck to you!
Bonnie & David