To Hold or Sell a Property in Harlem - Hypothetical Question

[Mike Fyodorov]

Hi everyone!

I love reading Bigger Pockets and I plan on becoming more active on the forums but for now I wondered if I could pick your brains.

Please note I'm aware there are probably more details that are relevant to making a decision (feel free to point them out so I can answer), but here is the question:

I own a 2 bedroom 2 bathroom condo in a luxury building in West Harlem, NY (140's)
Estimated to be worth 650K I owe about half of that in the mortgage and I've been renting it out making barely any profit (approx. $100-300 month) exclusively due to the high interest rate on the mortgage. 

Under ideal circumstances I refinance and my rate would almost be halved making the profit significantly more substantial. Unfortunately that is not an option for me, for at least another year, possibly 2.

What would you do in my situation and why?