Sellers have a path forward here, but pricing above the market needs real support.
If you are deciding how ambitious to be on price in Forest Hills, NY, I would not start at the top just because you can. The better move is to anchor your number to what recent buyers have actually accepted and what current competition is asking.
Last month, active multifamily listings in Forest Hills, NY carried a typical asking price of $1,498,000. Over the last 3 months, recently closed multifamily properties showed a typical closed value of $1,293,505, while new listings ranged from $960,000 to $1,698,000.
That tells me the pricing conversation needs context. If your property deserves the upper end of the range, I would want the condition, size, and overall presentation to prove it quickly. Otherwise, buyers have enough choice to wait, compare, and push back when the number feels stretched.
Use the current range to choose your lane. Take care of visible issues before photos and showings. Do not make the market teach you the right price after you launch.
