Help with deciding weather to sell or keep renting

[Matthew Greco]

Hello again BP family 

I’ve come to once again to ask for advice. 

I currently have an apartment property here in Queens NYC, that has tenants moving out Wednesday. 
the apartment has no mortgage on it and I’m debating weather to keep rental or sell it. 

The math:

The maintenance is $550/month

The rent is $1500/month

The apartment was gifted to me and I think it’ll sell for about $150k. And a rough estimate of $122k after taxes 

I’m nervous to continue renting at the moment with all the current NYC laws and now the newer covid laws. The tenants that are moving out we’re family friends and paid the rent on the 1st of the month like clockwork. 

And advice or point of view would be greatly appreciated!

Matt

[Percy Matsunaga]

@Matthew Greco

Are you positive that you want to sell? 
I think this Covid 19 will pass and the rents in NYC will rose pretty quick. 
mid you can hold out for a while I think you got a Gem. 
no mortgage, and maybe some caped but if all was rented out that some serious cash flow coming in. 

If you really are serious to sell, will you be able to do owner financing?