Flip report generated May 11, 2025
The Flip Potential of
988 Fifth Ave Unit 9 Manhattan, NY
is low.
Current Specs
3 Bed / 3.5 Bath
3,530 sqft
$3,650 per sqft
Estimated Value$12,883,619
Flip Advice
This luxury condo in Manhattan's Upper East Side presents limited flip potential despite its prime location. At $30M list price versus a $12.9M valuation, the property is significantly overpriced relative to market value. The 3,530 sqft unit was last sold in 2012 for $19.5M, indicating potential value loss rather than appreciation.
For the current homeowner, focus on strategic updates rather than extensive renovations. Consider kitchen and bathroom refreshes to enhance marketability while adjusting price expectations. If purchasing as an investment, negotiate aggressively below the asking price—ideally closer to the $13M valuation—to create margin for modest updates and eventual profit.
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.