Should I sell my NYC apartment or rent it out right now?

[Vik C.]

Large sunny studio in good Kips Bay location, can probably get $2200 on rental market (after coop rental fees - $2600 gross) and can maybe sell for $500k if lucky.

I figure prices might bounce back after vaccine in 2021, but then again, maybe not. 

How would you proceed? Wait it out and rent it in meantime or just sell straightaway?

[Brandon Cohen]

tenants are looking for a wild amount of concessions, so not sure if you're taking that into account with the rent you're looking for.  That, plus no tenant will ever treat your home like you do, so the value may be impacted...plus a tenant in a coop will likely have to go through the arduous approval process.  I faced the same dilemma, put my apartment on the market and was in contract in a month.  If you have an attractive apartment and price it well, buyers are there.