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DOWNTOWN FLUSHING A monthly analysis of residential sales in Downtown Flushing, Queens January 2017

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

Residential Market Report, January 2017

Residential Market Report, January 2017 Downtown Flushing, Queens

SUMMARY MEDIAN SALE PRICE

NO. OF TRANSACTIONS

MEDIAN PRICE/SQ.FT.

QUEENS MEDIAN SALE PRICE

$290K

30

$645

$420K

-21% YoY

-23% YoY

10% YoY

11% YoY

NEIGHBORHOOD BOUNDARIES

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

$290K

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

$398K

Number of Transactions Year 2012 2013 2014 2015 2016 2017

Jan 33 52 52 41 39 30

Feb 31 36 54 45 48

Mar 36 28 58 28 31

Apr 45 34 41 40 34

May 48 41 48 46 33

Jun 48 47 43 50 36

Jul 35 81 50 55 28

Aug 45 50 48 40 48

Sep 38 85 86 51 31

Oct 35 69 100 53 34

Nov 41 47 41 39 38

Dec 37 45 54 51 38

60

50 40

30

30

20 10

0 Jan

Feb

Mar

Apr

May

Jun 2015 2016

Jul 2017

Aug

Sep

Oct

Nov

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Dec

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

$645

RESIDENTIAL SALES BREAKDOWN Type of Residential Properties Sold Property Type Median sale price Condos $495,000 Coops $223,000 Houses $750,000

Y-o-Y 0% 3% -30%

Median sale price/sqft $676 $265 $678

Y-o-Y 15% 45%

Transactions 10 17 3

Number of Sales by Building Type 10% 33% Condos Coops Houses

57%

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LIST OF TRANSACTIONS Address 13730 Negundo Ave 13624 Maple Ave #6C 14120 25 Ave 13736 Juniper Ave 13675-13685 37 Ave 3138 137 St #7B 4322 Union St #2B 14021 32 Ave #3AS 13235 Sanford Ave #1O 14021 32 Ave #2CS 13203 Sanford Ave #5A 3135 Linden Pl #2A 14205 Franklin Ave #2H 4240 Bowne St #5N 13777 Kissena Blvd #6M 14205 Franklin Ave #6B 2909-2930 137 St #5B 2610 Union St #6D 13919 31 Rd #2H 2620-2626 Whitestone Ep W #1C 4255 Colden St #11K 2610 Union St #4F 2909-2930 137 St #4E 13919 31 Rd #3B 3165 138 St #1J 4240 Bowne St #1E 3165 138 St #2H

BBL 4-05153-0017 4-05135-1043 4-04288-0011 4-05149-0019 4-04977-1003 4-04409-1315 4-05192-1106 4-04414-1418 4-05040-1141 4-04414-1409 4-05040-1025 4-04409-1203 4-05181-0001 4-05185-0043 4-05145-0068 4-05181-0001 4-04340-0010 4-04285-0010 4-04343-0125 4-04312-0010 4-05137-0011 4-04285-0010 4-04340-0010 4-04343-0125 4-04411-0001 4-05185-0043 4-04411-0001

Sale date 23-Jan-17 26-Jan-17 25-Jan-17 12-Jan-17 13-Jan-17 27-Jan-17 17-Jan-17 13-Jan-17 6-Jan-17 13-Jan-17 6-Jan-17 9-Jan-17 19-Jan-17 18-Jan-17 26-Jan-17 31-Jan-17 11-Jan-17 11-Jan-17 24-Jan-17 27-Jan-17 17-Jan-17 25-Jan-17 26-Jan-17 18-Jan-17 25-Jan-17 5-Jan-17 25-Jan-17

Sale price $920,000 $790,000 $750,000 $750,000 $630,000 $556,886 $545,000 $495,000 $478,000 $458,000 $410,000 $355,000 $320,000 $290,000 $290,000 $280,000 $272,000 $245,000 $243,000 $223,000 $200,000 $187,500 $185,000 $180,000 $169,000 $165,000 $140,000

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

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Sqft 1,356 1,045 1,620 1,092 909 955 620 732 778 828 480 916

850 700