Is it time to sell UWS luxury condo?

Some background facts: bought a 1-bedroom UWS luxury condo on Riverside Blvd in 2006 when the market was near its peak, the apartment has been rented out for the past 8 years. Due to high HOA and mortgage which the rent doesn't fully cover, the monthly carrying cost of the rental is about $1100. Missed a great opportunity to sell for a 200k profit in 2016, since 2017 prices have gone down quite a... [more]

Some background facts: bought a 1-bedroom UWS luxury condo on Riverside Blvd in 2006 when the market was near its peak, the apartment has been rented out for the past 8 years. Due to high HOA and mortgage which the rent doesn't fully cover, the monthly carrying cost of the rental is about $1100. Missed a great opportunity to sell for a 200k profit in 2016, since 2017 prices have gone down quite a bit, many comparable units in the same building sit for months before they sell at a reduced price. Based on how similar units are selling, most likely will have to to sell at a reduced price and a meager $100k profit based on the current market. Contemplating if I should list the apartment and try to sell this fall when tenant vacates (the main concern would be a potential carrying cost of $30k or more if the apartment sits empty while trying to sell)? Also considering the possibility of renewing the lease for another year then sell (the main concern is that the market will go down further in a year due to the new tax law and rising interest interest rates, making it even harder to sell)? Would appreciate thoughts and input! [less]