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

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

Residential Market Report, September 2016

Residential Market Report, September 2016 Downtown Flushing, Queens

SUMMARY MEDIAN SALE PRICE

NO. OF TRANSACTIONS

MEDIAN PRICE/SQ.FT.

QUEENS MEDIAN SALE PRICE

$360K

32

$739

$420K

-1% YoY

-37% YoY

11% YoY

14% YoY

NEIGHBORHOOD BOUNDARIES

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

$360K

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 27

Aug 43 45 50 48 40 48

Sep 30 38 85 86 51 32

Oct 37 35 69 100 52

Nov 30 41 47 41 39

Dec 48 37 45 54 51

120

100 80

60 40

39

48 31

34

48 32

27

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 $

$739

RESIDENTIAL SALES BREAKDOWN Type of Residential Properties Sold Property Type Median sale price Condos $499,990 Coops $245,000 Houses $850,000

Y-o-Y 4% 8% 113%

Median sale price/sqft $739 $308 $778

Y-o-Y 4% 237%

Transactions 21 10 1

Number of Sales by Building Type 3%

31% Condos Coops Houses 66%

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LIST OF TRANSACTIONS Address 13236 Pople Avenue #5D 4541 Smart St 13835 Elder Avenue #12H 13338 Sanford Avenue #17B 13347 Sanford Avenue #7E 13835 Elder Avenue #5K 14022 Beech Avenue #7E 14118 Cherry Avenue #4G 4140 Union Street #5G 4220 Kissena Boulevard #E11 13338 Avery Avenue #3RA 13235 41 Road #6E 4355 Kissena Boulevard #4B 4125 Kissena Boulevard #1J 13430-13434 Franklin Ave #3D 4260 Crommelin Street #2J 4260 Crommelin Street #3J 13248 Maple Avenue #B4 13352 41 Road #3C 14229 37 Avenue #4A 13440 Cherry Avenue #4F 13248 Maple Avenue #A2 13910-13916 28 Rd #5B 3150 140 St #1A 4465-4473 Kissena Blvd #1B 13425 Franklin Ave #102 2610 Union St #5C 4242 Colden St #D16 3130-3170 138 St #2F

BBL 4-05104-1040 4-05204-0043 4-05137-1335 4-05121-1175 4-05042-1447 4-05137-1260 4-05186-1341 4-05193-1528 4-05045-1074 4-05134-1078 4-05105-1111 4-05039-1934 4-05186-1002 4-05044-1447 4-05123-0051 4-05105-1492 4-05105-1493 4-05102-1015 4-05042-1049 4-05010-8007 4-05125-1223 4-05102-1006 4-04343-0010 4-04374-0035 4-05192-0001 4-05122-0046 4-04285-0010 4-05136-0037 4-04410-0056

Sale date 30-Sep-16 9-Sep-16 12-Sep-16 12-Sep-16 26-Sep-16 9-Sep-16 29-Sep-16 1-Sep-16 1-Sep-16 6-Sep-16 19-Sep-16 13-Sep-16 12-Sep-16 28-Sep-16 15-Sep-16 1-Sep-16 6-Sep-16 6-Sep-16 19-Sep-16 16-Sep-16 9-Sep-16 6-Sep-16 23-Sep-16 21-Sep-16 16-Sep-16 8-Sep-16 21-Sep-16 26-Sep-16 20-Sep-16

Sale price $2,001,000 $850,000 $825,000 $800,000 $720,000 $688,000 $680,000 $570,000 $503,000 $500,000 $499,990 $470,000 $430,000 $360,000 $360,000 $358,140 $358,140 $349,000 $328,000 $325,000 $309,270 $300,000 $265,000 $264,000 $245,000 $235,000 $210,000 $200,000 $162,000

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

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Sqft 628 1,092 1,095 1,040 1,027 871 920 713 735 1,691 866 518 477 734 734 590 425 421 639 556

650