Score
0Forest Hills, NY
70-20 108th St UNIT 1OU
569K
2 beds
1 baths
02 bd • 1 ba • 0 sf
This analysis was generated on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$569,000
Price/Sq.Ft
$∞
Year Built
1962
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This luxurious 2-bedroom coop unit in The Continental offers exceptional value and amenities in the heart of Forest Hills. Located on the 10th floor, it boasts abundant natural light and high-end finishes. The chef's kitchen features European-style cabinets, quartz countertops, and energy-star appliances, while the living space is equipped with smart home technology. The property's location is stellar, with a walk score of 92, putting it in the heart of diverse dining and shopping options. The building itself offers premium amenities including a 24-hour doorman, valet parking, and a sun deck. At $569,000, it's priced competitively for the area, especially considering the recent renovations and luxury features. The minimal flood risk (1/10) is significantly better than many properties in NYC, potentially leading to lower insurance costs.
The Bad
The coop structure comes with restrictions, including a stringent 35% minimum down payment requirement, which may limit the pool of potential buyers. The unit lacks square footage information, making it challenging to assess the price per square foot and compare it directly to market averages. With 153 days on the market, it's selling slower than the Forest Hills average of 76 days, which could indicate overpricing or limited buyer interest. The single bathroom may be a drawback for some buyers, especially in a two-bedroom unit. The pet policy allowing only cats may deter dog owners or those with other pets.
The Ugly
The severe heat risk (7/10) is concerning, with 7 extremely hot days per year and temperatures reaching 99°F. This could lead to higher cooling costs and potential discomfort. The major wind risk (6/10) is classified as critical for insurance, which may result in higher premiums or difficulty obtaining coverage. The air quality risk is moderate (4/10) with 6 bad air days per year, which could be a health concern for sensitive individuals. The coop board application and interview process can be rigorous and potentially invasive for some buyers. Lastly, the lack of information on monthly maintenance fees is a significant oversight, as these can substantially impact the total cost of ownership in a coop.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is ideal for professionals or couples with a household income of at least $190,000 (based on the 35% down payment requirement and estimated monthly costs). It's perfect for those who prioritize a luxurious, low-maintenance lifestyle with premium amenities and easy access to Manhattan. The unit would suit buyers who value modern finishes, smart home technology, and a prime location near diverse urban amenities. It's also appropriate for those looking to downsize from larger homes but still want spacious bedrooms and high-end features.
Not For
This property is not suitable for first-time homebuyers or those unable to meet the 35% down payment requirement. Families with children might find the two-bedroom, one-bathroom layout restrictive. Dog owners or those with pets other than cats will need to look elsewhere due to the pet policy. Investors looking for rental properties may find the coop structure and potential restrictions on subletting limiting. Those sensitive to heat or concerned about climate risks may want to consider properties with lower heat and wind risk scores.
Demographics
Area Median Income
$96,321
Property History
Price History
Ownership Timeline
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
7.5/10
GoodMiddle
7.3/10
GoodHigh
4.5/10
AverageFinancials
Monthly Costs
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