The safest path is to line up your number with recent closings, not just with hopeful asking prices.
If you are deciding how high you can push your asking price, my answer is to anchor it to what has actually been closing. In Maspeth, NY, sellers had visible competition last month, and that makes pricing discipline more important than optimism.
If you only remember one closed data point right now, make it $950,000 as the typical multifamily closing price last month. That same period showed a typical asking price of $1,250,000 for active listings, so I would not confuse current asking numbers with proven buyer acceptance.
This changes your plan because recent offers came in at 95.3% of asking, not at full price on average. In Maspeth, NY, that means your first list price has to leave room for the real market response while still attracting serious traffic early.
I also pay attention to pace. A typical multifamily sale took 108 days last month, and available supply stood at 7.25 months. That is not a setup for casual overpricing. It is a setup for a seller who wins by being credible on day one and consistent through the negotiation.
My recommendation is to decide your pricing floor before you list, not after the first slow stretch. Compare your home to the recent closed range and the recent pending range before choosing the number. Get your repair and presentation decisions finished up front so buyers do not use visible issues to push harder on price. Some metrics were not reported for this period.
