Kew Gardens coop values (real estate, apartments, buy)

[lpranger467]

Any guesses as to hw much Kew Gardens co-ops will go up in the future. I know Forest Hills has done pretty well

[mathjak107]

you may as well ask us what next years weather will be . no way of knowing .

i have a co-op we bought in 1987 in kew gardens for 74k today it is about `180k . that is not good at all .
in our case a tenant paid for it but it was crappy appreciation .

the same money in our market portfolio would be worth 1.80 million

[lpranger467]

Wow, I'm hoping for the best it seems like other areas of the city have priced out (if there is such a thing)

[mathjak107]

buy it as a place to live not an investment

[lpranger467]

I actually already own it, I'm just wondering if now would be a good time to sell a job change is on the horizon, dont want to sell to quick then we hit a big jump.

[nyccs]

Originally Posted by lpranger467

I actually already own it, I'm just wondering if now would be a good time to sell a job change is on the horizon, dont want to sell to quick then we hit a big jump.

Doubt there will be a big jump in the short term. I have a Rego park coop since 2010...has not gone up much.

[lpranger467]

Thanks NYCCS, I dumped a lot of money into mine opening up walls and such so I'm hoping the open floorplan will appeal to more folks

[mathjak107]

we didn't fall much in 2008 -2009 so we did not gain much either . we did much better with our manhattan apartments .

[bluedog2]

Originally Posted by lpranger467

I actually already own it, I'm just wondering if now would be a good time to sell a job change is on the horizon, dont want to sell to quick then we hit a big jump.

That's called market timing. It rarely works. What happenes if you decide not to sell and the election sends the markets into a plunge and real estate takes a dip ? Might actually be a better chance of that scenario than the market taking a big jump in the next year .

[Shoshanarose]

I guess Kew Gardens hasn't gentrified...yet.
Give it time!