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COLUMBIA STREET WATERFRONT DISTRICT A quarterly analysis of multifamily sales in Columbia Street Waterfront District, Brooklyn 3rd Quarter 2016
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Multifamily Market Report, 3rd Quarter 2016
Multifamily Market Report, 3rd Quarter 2016 Columbia Street Waterfront District, Brooklyn
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$7.3M
3
$659K
$647
245% YoY
200% YoY
26% YoY
-9% YoY
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $10.0M
$9M
$8.0M
$8M
$7M
$7M
$7M
$6.0M $4.0M $1M
$2.0M
$2M
$1M
$4M
$4M
$3M
$2M
$985K
$2M
$2M
$155K
$
Average Sale Price per Unit $800K $700K $600K $500K $400K $300K $200K $100K $
$659K
$52K
30
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2014 15 24 21 5
2015 12 3 4 3
2016 8 11
20
11
8
10
0
0 Q1
Q2
Q3
2014
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2014 5 4 5 1
2015 2 1 1 1
2016 2 3
2015
4
3
2
2
0
0 Q1
Q2
Q3
2015 2 1 1 1
2015
Q4
2016
6
Number of Transactions 2014 5 3 4 1
2016
6
2014
Quarter Q1 Q2 Q3 Q4
Q4
2016 2 3
4
3
2
2
0
0 Q1
Q2 2014
Q3 2015
2016
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Q4
Total Sq. Ft. 20K
18K
15K 10,000
12K
14K
2,720
11K
9,300
6,840
6,048
5,000
18K 13K
7,076
6,260 2,960
2,100
1,969
2,160
Average Sale Price per Square Foot $1,200 $1,000 $800 $600 $400 $200 $
$647
$74
MULTIFAMILY SIZE
Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $659,091 -
Y-o-Y 26% -
Avg. price/sqft $647 -
Y-o-Y -9% -
Sales volume $7,250,000 $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 11 0 0
LIST OF TRANSACTIONS Address 136 Union St 95 Kane St 94 De Graw St
Sale date 1-Sep-16 15-Aug-16 15-Aug-16
Sale price $3,600,000 $2,600,000 $1,050,000
Property type Small multifamily Small multifamily Small multifamily
Units 4 4 3
Sqft 6,294 2,508 2,397
Price/sqft $572 $1,037 $438
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Pkg. deal No No No
