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COLLEGE POINT A quarterly analysis of multifamily sales in College Point, Queens 2nd Quarter 2018
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Multifamily Market Report, 2nd Quarter 2018
Multifamily Market Report, 2nd Quarter 2018 College Point, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$3.7M
4
$263K
$346
-51% YoY
-33% YoY
1% YoY
24% YoY
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $8.0M $7.0M $6.0M $5.0M $4.0M $3.0M $2.0M $1.0M $
$8M
$8M
$5M
$4M
$3M
$2M
$2M
$3M
$5M
$4M
$4M $2M
$1M
$2M
$4M
$2M
$4M $2M
Average Sale Price per Unit $500K
$400K $300K
$263K
$260K
$200K $100K $
40
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2016 6 18 3 9
2017 6 29 16 18
30
2018 7 14
20
14
7
10 0 Q1
Q2
Q3
2016
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2016 2 4 1 3
2017 2 6 5 4
2018 2 4
2017
6
4
4
2
2 0 Q1
Q2
Q3
2017 2 6 5 4
2017
Q4
2018
8
Number of Transactions 2016 2 4 1 3
2018
8
2016
Quarter Q1 Q2 Q3 Q4
Q4
6
2018 2 4
4
4
2
2 0 Q1
Q2 2016
Q3 2017
2018
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Q4
Total Sq. Ft. 30K 25K 20K 15K 10,000 5,000
21K 16K
22K
27K
22K
15K
14K
12K
8,848
8,253
11K 6,232
2,764
7,162
15K
6,043
11K 5,891
Average Sale Price per Square Foot $500
$400 $300
$346
$278
$200
$100 $
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $263,329 -
Y-o-Y 1% -
Avg. price/sqft $346 -
Y-o-Y 24% -
Sales volume $3,686,613 $0 $0
Sales 4 0 0
Buildings 4 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 14 0 0
LIST OF TRANSACTIONS Address 12117 14th Rd 1112 123rd St 12001 18th Ave 2010 126th St
Sale date 11-Apr-18 18-Apr-18 15-Jun-18 24-Apr-18
Sale price $1,250,000 $980,000 $886,613 $570,000
Property type Small multifamily Small multifamily Small multifamily Small multifamily
Units 4 3 4 3
Sqft 3,800 2,368 3,552 945
Price/sqft $329 $414 $250 $603
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Pkg. deal No Yes No No
