How Much Should I Sell This Property For?

[Joseph M.]

I may have an opportunity to sell one of my rentals and deciding on a price. It is hard to find an exact comp, but units that are 2 bedroom, 1 bath are going from about $150,000 - $250,000. 

Below are the numbers. What would you price the unit at? 

The unit is across the street from the Ferry to NYC, has partial views of NYC and the Bay.

Taxes: $291/month

HOA Fee: $411/month

Rent: $1,600/month - 2 year Lease just signed with great tenant that has been there for 3 years

[Marc Middleton]

Originally posted by @Joseph M.:

I may have an opportunity to sell one of my rentals and deciding on a price. It is hard to find an exact comp, but units that are 2 bedroom, 1 bath are going from about $150,000 - $250,000. 

Below are the numbers. What would you price the unit at? 

The unit is across the street from the Ferry to NYC, has partial views of NYC and the Bay.

Taxes: $291/month

HOA Fee: $411/month

Rent: $1,600/month - 2 year Lease just signed with great tenant that has been there for 3 years

I would just have a broker in New Jersey do a proper CMA for you.

Do you need a referral in that area? I can have someone reach out and do the CMA for you.