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

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

Residential Market Report, August 2016

Residential Market Report, August 2016 Downtown Flushing, Queens

SUMMARY MEDIAN SALE PRICE

NO. OF TRANSACTIONS

MEDIAN PRICE/SQ.FT.

QUEENS MEDIAN SALE PRICE

$357K

49

$648

$390K

14% YoY

23% YoY

8% YoY

7% YoY

NEIGHBORHOOD BOUNDARIES

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

$357K

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

$294K

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 46 36 28 58 28 30

Apr 52 45 34 41 40 34

May 49 48 41 48 46 32

Jun 50 48 47 43 50 37

32

37

Jul 44 35 81 50 55 28

Aug 43 45 50 48 40 49

Sep 30 38 85 86 51

Oct 36 35 69 100 52

Nov 30 41 47 41 39

Dec 47 37 45 54 51

120 100 80 60 40

39

48 30

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 $479,000 Coops $237,000 Houses $980,000

Y-o-Y -3% -6% 43%

Median sale price/sqft $676 $251 $815

Y-o-Y 11% 92%

Transactions 23 23 2

Number of Sales by Building Type 4%

Condos 48% 48%

Coops Houses

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LIST OF TRANSACTIONS Address 13262 Pople Ave 13338 Sanford Avenue #18C 4520 Robinson St 13338 Sanford Avenue #10B 13625 Maple Avenue #12F 13236 Pople Avenue #5B 13352 41 Road #3B 4373 Union Street #7B 4312 Robinson Street #5A 14032 Cherry Avenue #3D 13835 Elder Avenue #5E 4140 Union Street #11L 4140 Union Street #10K 14032 Cherry Avenue #4A 14014 Cherry Avenue #5B 4318 Main Street #6A 13229 Blossom Avenue #6B 13212 Pople Avenue #2F 13229 Blossom Avenue #2I 4355 Kissena Boulevard #6B 4310 Kissena Blvd #10B 4310 Kissena Blvd #10F 4335 Union St #3F 13440 Cherry Avenue #5A 13440 Cherry Avenue #3A 13440 Cherry Avenue #3F 13440 Cherry Avenue #3D 13810 Franklin Ave #11F 14065 Beech Ave #7C 2910-2950 137 St #4D 2610 Union St #2D 14229 37 Avenue #4A 4334-4340 Union St #1E 4245 Kissena Blvd #3H 2620-2626 Whitestone Ep W #4E 13777 Kissena Blvd #7B 13919 31 Rd #4A 4240 Bowne St #3E 4334-4340 Union St #3H 4334-4340 Union St #4L 4242 Colden St #D12 2910-2950 137 St #5B 4240 Bowne St #2A 14205 Franklin Ave #4D 2908-2914 139 St #1C 2610 Union St #2F

BBL 4-05104-0127 4-05121-1182 4-05201-0013 4-05121-1139 4-05134-1266 4-05104-1038 4-05042-1048 4-05193-1026 4-05193-1209 4-05192-1310 4-05137-1255 4-05045-1210 4-05045-1187 4-05192-1312 4-05192-1010 4-05125-1129 4-05105-1452 4-05104-1103 4-05105-1423 4-05186-1002 4-05137-0067 4-05137-0067 4-05193-0009 4-05125-1224 4-05125-1212 4-05125-1217 4-05125-1215 4-05137-0055 4-05185-0054 4-04371-0008 4-04285-0010 4-05010-8007 4-05192-0055 4-05180-0015 4-04312-0010 4-05145-0068 4-04343-0125 4-05185-0043 4-05192-0055 4-05192-0055 4-05136-0037 4-04371-0008 4-05185-0043 4-05181-0001 4-04342-0010 4-04285-0010

Sale date 8-Aug-16 12-Aug-16 11-Aug-16 31-Aug-16 29-Aug-16 11-Aug-16 3-Aug-16 11-Aug-16 26-Aug-16 18-Aug-16 22-Aug-16 23-Aug-16 25-Aug-16 10-Aug-16 22-Aug-16 22-Aug-16 31-Aug-16 25-Aug-16 12-Aug-16 8-Aug-16 25-Aug-16 10-Aug-16 12-Aug-16 4-Aug-16 10-Aug-16 10-Aug-16 10-Aug-16 3-Aug-16 5-Aug-16 18-Aug-16 26-Aug-16 17-Aug-16 15-Aug-16 2-Aug-16 9-Aug-16 25-Aug-16 11-Aug-16 24-Aug-16 16-Aug-16 16-Aug-16 15-Aug-16 30-Aug-16 30-Aug-16 18-Aug-16 24-Aug-16 29-Aug-16

Sale price $1,030,000 $987,703 $930,000 $865,000 $768,000 $600,000 $590,000 $580,000 $558,000 $558,000 $538,800 $500,000 $490,000 $468,000 $468,000 $465,000 $456,763 $440,000 $407,835 $390,000 $365,000 $360,000 $359,000 $354,900 $342,732 $325,697 $317,585 $310,000 $288,000 $270,000 $260,000 $250,000 $250,000 $247,000 $238,000 $236,000 $233,000 $221,724 $220,000 $217,000 $215,000 $215,000 $210,859 $210,000 $205,000 $156,000

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

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Sqft 1,456 1,283 1,008 1,040 1,090 694 826 984 727 648 831 849 677 476 550 737 1,168 520 725 1,500

675 675 639 635

421

950

750