Should I sell my New York coop

[Sherry G.]

Hi All, 

My husband and I are conflicted and need some investment advice. We currently own a coop on the upper west side in new york with a liberal sublet policy. We are renting it out to tenants whose lease expires in about 3 months. We now live on the west coast. Because we lived in it for more than 2 years we have until August 2018 to sell it and avoid capital gains tax. It currently is cashflow neutral (if you do not include the assessments we've paid). With assessments its cashflow negative. We are considering putting it on the market now and taking those proceeds (we anticipate a 50% return on investment) to buy a multifamily in California. Should we sell or continue to rent it out? 

Thanks in advance, 

Sherry