Buyers have enough room to compare current multifamily choices before committing.
If you are searching in Forest Hills, NY and wondering whether you need to lower your standards just to get a deal done, I would not rush to do that. The recent multifamily numbers support a more selective approach, as long as you stay disciplined.
Recent market conditions in Forest Hills, NY showed 7 months of supply, with 3 new multifamily listings over the last 3 months and 2 pending properties. The active asking range for those new listings ran from $960,000 to $1,698,000.
That is enough choice to justify a careful process. Buyers should not confuse a smaller listing pool with a market that demands instant compromise. I would use the available range and the reported property details to narrow the field, then focus only on the homes that truly meet your standard.
Set non-negotiables before your next showing. Eliminate listings that do not meet them. Be selective now so you do not pay for the wrong compromise later.
