Condo for sale in Long Island City, Queens

[Bob DeVivo]

12-14 31st Ave. Unit 2, Long Island City, Queens NY. Currently on the market but unoccupied. I'm the owner. Selling at a loss; purchased for $480K in 2016, asking $449K.  Unit was rented until July of this year at $2175.

Features: large kitchen, many built-in shelves, jacuzzi tub, walk-in closet, balcony, radiant in-floor heating, mini-split heating/cooling unit in bedroom, and 2 large storage units in the basement (one 42"W x 7'D 8'H, the other 56"W x 67"D x 67"H).  Laundry and gym in basement.  More pictures available at https://www.biggerpockets.com/...

The current situation in New York is making it difficult to sell, but I think it's still a great investment.  Several brokers -- even ones I'm not working with -- have told me that if I hold onto it, I could sell in a few years for mid-high 500's.  I'd rent and hold if I could, but I need to cash out soon.

Advice welcome in addition to offers.  I'm a newbie, as you can probably tell.

[Jason Lee]

I would try to make the apartment more neutral and contemporary. So remove the wallpaper and paint all the wood (gasp) including the kitchen cabinets, trim, and doors. Replace the light fixtures and remove the industrial shelving. The living room is proportionally very small. Buyers are going to have a hard time figuring out how to use it or even wonder if it can function as a proper living room. I would physically stage it, or at the very least get some good virtual staging. Lastly MLSLI probably isn't the right MLS for you. This should be on the REBNY RLS. Most deals are co-broked these days and many brokers that work in LIC/Astoria are not going to see your listing.