609 2nd Ave #702

• Gourmet Kitchen with Marble Countertops: High-end marble countertops and custom cabinetry significantly increase the kitchen's value and appeal • Outdoor Terrace with City Views: Expansive outdoor terrace with panoramic city views adds substantial value and enhances the living experience • Building Amenities: Gym and Basketball Court: On-site gym and basketball court provide convenient recreational options, increasing the property's attractiveness • Marble Countertops • Hardwood Flooring • Stainless Steel Appliances • Outdoor Terrace • City Views • Price Position: At $2067.49 per square foot, the property's price aligns with the luxury market segment in Midtown East. • Appreciation Trend: The median sold price in 10016 has decreased by 4.1% year-over-year, indicating a softening market. • Negotiation Opportunity: At 155 days on the market, this property has been listed significantly longer than the average for the area, indicating potential for negotiation. • Potential Equity: Property could be worth up to $75,000 more than the asking price • Rental Income: $3,680/month with 90% occupancy (0.0% cap rate) • Schools: Proximity to well-regarded schools (7/10 or higher) can add an estimated 3-7% premium to property values compared to similar properties in less desirable school zones. This effect is more pronounced for families with young children. • Future Development: The property description mentions a new community center breaking ground Q2 2024, 1 mile away; mixed-use development with retail planned for 2025 at corner of Main/Oak. These developments could positively impact property values by enhancing local amenities and services. • Abundant natural light throughout the property, particularly in the living areas and bedrooms, enhancing the overall ambiance.