Add up six months of mortgage, maintenance, property taxes, insurance, assessments, and opportunity cost on trapped equity. For a typical Manhattan apartment with $6,000 per month in carrying costs, six months costs $36,000 minimum - plus the risk that market conditions may not improve as expected. That $36,000 is the minimum price improvement required just to break even.
From the seller playbook: Should I Sell My NYC Apartment Now or Wait?
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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