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BAY TERRACE A quarterly analysis of multifamily sales in Bay Terrace, Queens 1st Quarter 2018
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Multifamily Market Report, 1st Quarter 2018
Multifamily Market Report, 1st Quarter 2018 Bay Terrace, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$4.M
3
$443K
$477
47% YoY
50% YoY
-2% YoY
18% YoY
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $5.0M
$4M
$4.0M
$3M
$3.0M
$3M
$2M
$2.0M
$890K
$1.0M
$995K
$960K
$3M
$2M
$1M
$880K
$
Average Sale Price per Unit $500K
$443K
$420K
$400K
$300K $200K
$100K $
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2016 6 6 6
2017 6 3
2018 9
10 8 6 4 2 0
9
Q1
Q2 2016
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2016 2 2 2
2017 2 1
2018 3
4
2017 2 1
2018
2
1 0 Q1
4
Number of Transactions 2016 2 2 2
2017
Q4
3
3
Q2 2016
Quarter Q1 Q2 Q3 Q4
Q3
2017
Q4
2018
3
3
2018 3
Q3
2 1 0 Q1
Q2 2016
Q3 2017
2018
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Q4
Total Sq. Ft. 10,000
8,530
8,365
6,734
8,000
6,000 4,000
2,550
3,628
2,550
6,318
5,283
6,695
3,430
2,800
2,000
Average Sale Price per Square Foot $600 $500 $400 $300 $200 $100 $
$477
$477
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $443,111 -
Y-o-Y -2% -
Avg. price/sqft $477 -
Y-o-Y 18% -
Sales volume $3,988,000 $0 $0
Sales 3 0 0
Buildings 3 0 0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
Small Medium Large
100%
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Units 9 0 0
LIST OF TRANSACTIONS Address 21136 23 Ave 21276 16 Ave 21274 16 Ave
Sale date 17-Jan-18 9-Jan-18 5-Jan-18
Sale price $1,395,000 $1,350,000 $1,243,000
Property type Small multifamily Small multifamily Small multifamily
Units 3 3 3
Sqft 3,265 2,550 2,550
Price/sqft $427 $529 $487
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Pkg. deal No No No
