The recent multifamily numbers suggest buyers can stay selective and negotiate with care.
If you are asking whether this is a moment to move aggressively on a multifamily property in Forest Hills, NY, I would tell you to stay calm. Recent supply measured 7 months, so I see more reason to compare carefully than to write fast just to stay in the game.
Across the last 3 months in Forest Hills, NY, there were 2 pending multifamily properties with a typical asking price of $1,193,500. Their typical time on market measured 143 days, which is a long enough runway to remind buyers that not every deal is moving quickly. That pending pace changes the tone of negotiations. When a typical pending listing took 143 days, I would not assume every seller has the upper hand. I would instead look closely at how long a property has been available and whether the asking price still reflects current competition. Study the listing timeline before you decide your opening position. Use the asking range and property details to define your ceiling in advance. Negotiate from evidence, not from pressure.
About Allstar Team
Allstar Team is a licensed Real Estate Professional affiliated with RE/MAX City Square, specializing in the Forest Hills market. With a focus on strategic marketing and deep local knowledge, Allstar Team provides clients with expert guidance in navigating complex real estate transactions. View full profile →
