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SUNNYSIDE A quarterly analysis of multifamily sales in Sunnyside, Queens 2nd Quarter 2016
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Multifamily Market Report, 2nd Quarter 2016
Multifamily Market Report, 2nd Quarter 2016 Sunnyside, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$3.2M
3
$244K
$331
-91% YoY
-57% YoY
-13% YoY
-3% YoY
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $120.0M $100.0M $80.0M $60.0M $40.0M $20.0M $
$97M
$9M
$5M
$3M
$8M
$25M
$8M
$21M
$36M $10M
$11M
$12M
$3M
$2M
$25M
$24M $3M
Average Sale Price per Unit $300K $250K $200K $150K $100K $50K $
$280K
150
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2014 120 48 49 12
2015 12 127 46 115
2016 84 13
84
100 50
13
0 Q1
Q2
Q3
2014
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2014 6 4 9 2
2015 3 7 8 6
2016 5 3
10 8 6 4 2 0
2015
2014 6 4 9 2
2015 3 7 8 6
2016 5 3
2016
3
Q1
Number of Transactions
Q4
5
Q2
Q3
2014
Quarter Q1 Q2 Q3 Q4
$244K
10 8 6 4 2 0
2015
Q4
2016
5 3
Q1
Q2 2014
Q3 2015
2016
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Q4
Total Sq. Ft. 400K 350K 300K 250K 200K 150K 100K 50K
365K
47K
30K
13K
41K
104K
97K
95K
34K
31K
43K
9,000
9,763
38K
85K
64K
9,596
Average Sale Price per Square Foot $400 $350 $300 $250 $200 $150 $100 $50 $
$342
$331
MULTIFAMILY SIZE
Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $244,231 -
Y-o-Y -12% -
Avg. price/sqft $331 -
Y-o-Y 3% -
Sales volume $3,175,000 $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 13 0 0
LIST OF TRANSACTIONS Address 4519 40 St 4112 40 St 5119 34 St
Sale date 4-May-16 16-Jun-16 15-Apr-16
Sale price $1,250,000 $1,055,000 $870,000
Property type Small multifamily Small multifamily Small multifamily
Units 6 4 3
Sqft 3,684 3,200 2,712
Price/sqft $339 $330 $321
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Pkg. deal No No No
