Sunnyside Report

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Sunnyside Report Sunnyside 1ST QUARTER 2016 in Sunnyside, Queens

2016 1

Sunnyside Report A quarterly analysis of multifamily sales in Sunnyside, Queens 1ST QUARTER 2016

Borough

Neighborhood

Queens Sunnyside

Year

2016

Quarter

1

Multifamily Market Report, Q1 2016 Sunnyside, Queens

SUMMARY SALES VOLUME

NO. OF TRANSACTIONS 12

$101M

AVERAGE PRICE/UNIT

AVERAGE PRICE/SQ. FT.

$436K $

$101M

12

$436K

$528

337% Y-o-Y

-25% Y-o-Y

95% Y-o-Y

80% Y-o-Y

COMMUNITY DISTRICT BOUNDARIES

2

www.propertyshark.com

528

MULTIFAMILY STATS Sales Volume $140 M $120 M $100 M $80 M $60 M $40 M $20 M $M

$121 M

$101 M $77 M

$44 M $23 M

$14 M

$1 M

$21 M

$17 M

$34 M

$27 M

$49 M $21 M

$9 M

$39 M

$23 M

$40 M

Total Sq. Ft. 600K

491K

500K 400K

311K

300K 200K 100K 0

110K 10K

78K

171K

121K

77K

122K

126K

78K

78K

35K

150K

94K

191K

137K

Average Sale Price per Unit $500K

$436K

$400K $300K

$224K

$200K $100K

0

Number of Units Sold

500 400

Quarter Q1

2014 400

2015 103

Q2

160

180

Q3

84

111

Q4

41

180

2016 231

300

231

200 100 0 Q1

Q2 2014

Number of Buildings Sold

Q3 2015

Q4

2016

30 25

Quarter Q1

2014 16

2015 16

Q2

16

19

Q3

18

24

Q4

9

18

2016 12

20 15

12

10 5 0 Q1

Number of Transactions

Q2 2014

2015

Q3 2016

Q4

30 25

Quarter Q1

2014 16

2015 16

2016 12

Q2

16

18

10

Q3

18

24

5

Q4

9

18

0

20 15

12

Q1

Q2 2014

3

www.propertyshark.com

Q3 2015

2016

Q4

Average Price per Square Foot $600

$528

$500 $400

$294

$300 $200 $100 $0

MULTIFAMILY SIZE Size of Multifamily Properties Sold

Small Medium Large

Average price per unit

Average price per sq. ft.

Sales volume

Total Sq. Ft.

No. of sales

No. of buildings

No. of units

$11,762,708

29,108

9

9

40

$4,300,000

10,100

1

1

16

8.3%

$484,000 n/a $559 n/a $84,700,000 Large Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)

151,543

2

2

175

16.7%

Multifamily size Small

Price $294,068

Y-o-Y 23%

Price $404

Y-o-Y 43%

Medium

$268,750

34%

$426

34%

Number of Sold Buildings by Size

Medium 8.3%

Large 16.7%

Small 75.0%

4

www.propertyshark.com

75.0%

12

LIST OF TRANSACTIONS Sale date

Sale price

Property type

Units

Price per unit

Sq. Ft.

Price per Sq. Ft.

17-Mar-16 21-Jan-16

$70,000,000 $14,700,000

Large multifamily Large multifamily

125 50

$560,000 $294,000

110,743 40,800

$632 $360

Package deal No No

3 4105 Skillman Ave

27-Jan-16

$4,300,000

Medium multifamily

16

$268,750

10,100

$426

No

4 4122 49 St

31-Mar-16

$2,550,000

Small multifamily

6

$425,000

5,169

$493

No

5 1020 47 Ave

18-Mar-16

$1,600,000

Small multifamily

3

$533,333

1,710

$936

No

6 4144 68 St

17-Feb-16

$1,400,000

Small multifamily

4

$350,000

4,000

$350

No

7 4525 40 St

15-Jan-16

$1,260,000

Small multifamily

6

$210,000

3,684

$342

No

8 2148 45 Ave

08-Feb-16

$1,188,000

Small multifamily

5

$237,600

4,000

$297

No

9 3621 Review Ave

11-Jan-16

$1,050,000

Small multifamily

6

$175,000

3,825

$275

No

10 6733 49 Ave

23-Feb-16

$975,000

Small multifamily

4

$243,750

2,360

$413

No

11 3912 61 St

04-Mar-16

$941,708

Small multifamily

3

$313,903

2,280

$413

No

12 3952 48 St

08-Feb-16

$798,000

Small multifamily

3

$266,000

2,080

$384

No

Address

1 4215 Crescent St 2 4129 41 St

5

www.propertyshark.com