Flip report generated Jan 3, 2025
The Flip Potential of
2 Gold St New York, NY
is low.
Current Specs
2 Bed / 1 Bath
800 sqft
$6,875 per sqft
Estimated Value$5,500,000
Flip Advice
The property at 2 Gold St, situated in the vibrant Downtown Manhattan, has strong potential for appreciation due to its prime location. However, with a valuation of about $5.5M and recent comps averaging around $5.6M, the return on investment from a flip might be limited unless substantial renovations are made. The apartment is well-maintained, which further reduces its flip potential.
If you're considering selling, focus on minor updates to enhance appeal rather than extensive renovations. Highlight the unit's features like hardwood floors and access to amenities. Given the competitive market in this area, staging the apartment could also attract buyers quickly. Keep an eye on market trends to time your sale effectively.
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The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.