Page 5 - 162W56 Proposal
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SH Team Analysis:
Dependent upon the timing of when the rental is to come available, the current market would dictate
a price point similar to that of the last rent the unit received (i.e. $3,995). As a penthouse unit it can
fetch a premium, especially in this neighborhood. However, we must exhibit caution in “pandemic
pricing.”
Suggested Rent: $3950
SH Team Analysis:
The unit was purchased in 2017 at $995,000. The current market is not strong for the sale of similar
properties. Within this specific segment of the market (sub $1mm), we are seeing price cuts across
the borough. We would not recommend considering a sale at this time.
Current Market Valuation: $915,000
