Buyers should let market time and recent sale examples shape the decision more than asking price alone.
If you are trying to decide what kind of offer makes sense in Forest Hills, NY, I would look at timing before I looked at emotion. Recent multifamily listings and closings show enough variation that buyers need to match the offer to the property's actual market position.
New multifamily listings in Forest Hills, NY showed a typical market time of 70 days over the last 3 months, while pending listings showed a typical 143-day timeline. Closed listed sales with reported timing moved in 20, 51, and 82 days, so the pace depends on the property.
That kind of spread tells me buyers should not use one rule for every listing. A newer listing with strong condition may deserve a different posture than one that has already spent time on the market. I would use timing, price range, and property details together before deciding how hard to push.
Check the listing's full timeline before you write. Compare it to recent examples with reported sale timing. Let the property's actual leverage shape your offer.
