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DOWNTOWN FLUSHING A monthly analysis of residential sales in Downtown Flushing, Queens October 2016

P: 718-715-1758 www.PropertyShark.com [email protected]

Residential Market Report, October 2016

Residential Market Report, October 2016 Downtown Flushing, Queens

SUMMARY MEDIAN SALE PRICE

NO. OF TRANSACTIONS

MEDIAN PRICE/SQ.FT.

QUEENS MEDIAN SALE PRICE

$473K

35

$648

$440K

60% YoY

-33% YoY

-4% YoY

16% YoY

NEIGHBORHOOD BOUNDARIES

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RESIDENTIAL STATS Median Sale Price by Month $500K $450K $400K $350K $300K $250K $200K $150K $100K $50K $

$473K

Median Sale Price by Quarter $450K $400K $350K $300K $250K $200K $150K $100K $50K $

$360K

Number of Transactions Year 2011 2012 2013 2014 2015 2016

Jan 48 33 52 52 41 39

Feb 39 31 36 54 45 48

Mar 47 36 28 58 28 31

Apr 52 45 34 41 40 34

May 49 48 41 48 46 32

Jun 50 48 47 43 50 36

32

36

Jul 45 35 81 50 55 28

Aug 43 45 50 48 40 49

Sep 30 38 85 86 51 30

Oct 37 35 69 100 52 35

30

35

Nov 30 41 47 41 39

Dec 48 37 45 54 51

120

100 80

60 40

39

48 31

34

49 28

20

0 Jan

Feb

Mar

Apr

May

Jun 2014 2015

Jul 2016

Aug

Sep

Oct

Nov

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Dec

Median Sale Price per Square Foot $800 $700 $600 $500 $400 $300 $200 $100 $

$648

RESIDENTIAL SALES BREAKDOWN Type of Residential Properties Sold Property Type Median sale price Condos $509,995 Coops $272,500 Houses $970,000

Y-o-Y 4% 16% -

Median sale price/sqft $648 $201 $729

Y-o-Y -5% -7% -

Transactions 18 13 4

Number of Sales by Building Type

11%

Condos 52% 37%

Coops Houses

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LIST OF TRANSACTIONS Address 4332-4334 Burling St 4527 Bowne St 3720 Prince Street #PHB 15212 Peck Ave 13712 Kalmia Ave 3625 Union Street #3E 4317 Union Street #3A 13212 Pople Avenue #5R 14021 32 Avenue #5JN 4142 College Point Blvd #7B 14205 Roosevelt Ave #732 13616 31 Road #5B 13203 Sanford Avenue #6B 13338 Avery Avenue #4RA 13708 31 Road #6E 14205 Roosevelt Ave #435 13810 Franklin Ave #16K 13338 Avery Avenue #1RA 13417 Dahlia Avenue #172A 13218 Avery Avenue #1C 4310 Kissena Blvd #3K 3506 Leavitt Street #6F 14024 31 Drive #2B 13430-13434 Franklin Ave #5C 14065 Beech Ave #7M 13605 Sanford Avenue #6A 13870 Elder Ave #6A 13229 Blossom Avenue #7A 4242 Colden St #E27 13777 Kissena Blvd #4H 3165 138 St #6L 2908-2914 139 St #3F

BBL 4-05196-0066 4-05203-0049 4-04972-1097 4-05178-0151 4-05150-0108 4-05010-7067 4-05193-1114 4-05104-1110 4-04414-1441 4-05063-1028 4-05020-0001 4-04409-1011 4-05040-1035 4-05105-1115 4-04410-1232 4-05020-0001 4-05137-0055 4-05105-1103 4-05125-1006 4-05105-1006 4-05137-0067 4-04960-1154 4-04414-1108 4-05123-0051 4-05185-0054 4-05043-1002 4-05145-0055 4-05105-1460 4-05136-0037 4-05145-0068 4-04411-0001 4-04342-0010

Sale date 13-Oct-16 7-Oct-16 21-Oct-16 4-Oct-16 7-Oct-16 21-Oct-16 28-Oct-16 21-Oct-16 11-Oct-16 18-Oct-16 28-Oct-16 21-Oct-16 25-Oct-16 12-Oct-16 26-Oct-16 28-Oct-16 5-Oct-16 14-Oct-16 17-Oct-16 4-Oct-16 21-Oct-16 27-Oct-16 11-Oct-16 10-Oct-16 31-Oct-16 11-Oct-16 19-Oct-16 5-Oct-16 31-Oct-16 12-Oct-16 20-Oct-16 31-Oct-16

Sale price $1,300,000 $1,100,000 $1,050,000 $840,000 $829,000 $735,000 $665,000 $628,000 $628,000 $610,950 $575,561 $559,000 $520,000 $499,990 $490,000 $475,000 $470,000 $470,000 $450,000 $438,000 $435,000 $415,740 $410,000 $278,000 $275,000 $270,000 $260,000 $243,900 $240,000 $200,000 $169,000 $138,000

Property type House House Condo House House Condo Condo Condo Condo Condo Coop Condo Condo Condo Condo Coop Coop Condo Condo Condo Coop Condo Condo Coop Coop Coop Coop Condo Coop Coop Coop Coop

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Sqft 1,734 1,485 1,371 1,429 1,156 836 1,280 917 891 870 667 810 866 1,188

1,583 886 567 932 627

499

750 780