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DOWNTOWN FLUSHING A monthly analysis of residential sales in Downtown Flushing, Queens May 2018

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

Residential Market Report, May 2018 Downtown Flushing, Queens

SUMMARY MEDIAN SALE PRICE

NO. OF TRANSACTIONS

MEDIAN PRICE/SQ.FT.

QUEENS MEDIAN SALE PRICE

$445K

47

$754

$462K

-42% YoY

-25% YoY

5% YoY

12% YoY

NEIGHBORHOOD BOUNDARIES

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RESIDENTIAL STATS Median Sale Price by Month $800K $700K $600K

$445K

$500K $400K $300K $200K $100K $

Median Sale Price by Quarter $700K $600K $500K

$398K

$400K $300K $200K $100K $

Number of Transactions Year 2013 2014 2015 2016 2017 2018

Jan 52 51 41 38 29 30

Feb 36 54 42 48 26 27

Mar 26 57 27 31 60 31

Apr 34 41 39 34 65 37

May 40 48 43 29 63 47

Jun 47 43 50 36 78

Jul 81 50 54 27 68

Aug 50 48 39 47 77

Sep 84 86 51 30 55

Oct 67 98 52 32 49

Nov 47 41 38 36 36

Dec 45 52 51 38 40

100 80

60 40

30

27

31

37

47

20 0 Jan

Feb

Mar

Apr

May

Jun 2016 2017

Jul 2018

Aug

Sep

Oct

Nov

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Dec

Median Sale Price per Square Foot $900 $800 $700 $600 $500 $400 $300 $200 $100 $

$754

RESIDENTIAL SALES BREAKDOWN Type of Residential Properties Sold Property Type Median sale price Condos $608,000 Coops $285,000 Houses $1,180,000

Y-o-Y -34% -4% -16%

Median sale price/sqft $754 $280 $870

Y-o-Y 4% -3% -9%

Transactions 23 23 1

Number of Sales by Building Type 2%

Condos 49%

49%

Coops Houses

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LIST OF TRANSACTIONS Address 13715 Oak Ave 13835 39th Ave 13624 Maple Ave #3D 4235 Main St #5C 3625 Union St #3F 3625 Union St #1C 4140 Union St #6T 4140 Union St #18N 13203 Sanford Ave #7B 3118 Union St #6A 13237 41st Rd #601 13510 35th Ave #6D 4222 Union St #2A 13236 Pople Ave #1E 4140 Union St #6U 13235 Sanford Ave #5O 3215 Leavitt St #4B 13252 41st Ave #5 13338 Avery Ave #2RA 13927 34th Ave #103 13870 Elder Ave #4R 4265 Kissena Blvd #219 4125 Kissena Blvd #4H 14205 Roosevelt Ave #436 13740 45th Ave #4H 13740 45th Ave #6L 3165 138th St #4D 2610 Union St #3D 2910-2950 137th St #4A 13919 31st Rd #1D 4335 Union St #2B 4335 Union St #6M 2610 Union St #4D 3130-3170 138th St #3G 4240 Bowne St #3A 3131 138th St #6A 4220 Kissena Blvd #B4 2910-2950 137th St #6J 13910-13916 28th Rd #4A 13910-13916 28th Rd #2A 2910-2950 137th St #4J 14065 Beech Ave #5J 3165 138th St #4A

BBL 4-05153-0037 4-04978-1479 4-05135-1026 4-05135-1138 4-05010-7068 4-05010-7053 4-05045-1107 4-05045-1344 4-05040-1044 4-04414-1209 4-05039-1216 4-04959-1219 4-05180-1105 4-05104-1009 4-05045-1108 4-05040-1269 4-04954-1116 4-05039-1305 4-05105-1107 4-04955-1063 4-05145-0055 4-05180-0001 4-05044-1497 4-05020-0001 4-05146-0027 4-05146-0027 4-04411-0001 4-04285-0010 4-04371-0008 4-04343-0125 4-05193-0009 4-05193-0009 4-04285-0010 4-04410-0056 4-05185-0043 4-04374-0049 4-05134-1020 4-04371-0008 4-04343-0010 4-04343-0010 4-04371-0008 4-05185-0054 4-04411-0001

Sale date 30-May-18 31-May-18 17-May-18 10-May-18 29-May-18 30-May-18 18-May-18 25-May-18 31-May-18 9-May-18 22-May-18 4-May-18 18-May-18 22-May-18 4-May-18 31-May-18 24-May-18 10-May-18 11-May-18 18-May-18 25-May-18 22-May-18 24-May-18 23-May-18 14-May-18 21-May-18 31-May-18 29-May-18 22-May-18 17-May-18 17-May-18 18-May-18 29-May-18 10-May-18 1-May-18 11-May-18 21-May-18 29-May-18 16-May-18 16-May-18 8-May-18 8-May-18 18-May-18

Sale price $1,180,000 $1,120,075 $920,000 $860,000 $738,000 $720,000 $716,000 $712,775 $660,000 $640,000 $630,000 $608,000 $590,000 $565,000 $550,000 $545,625 $538,000 $500,000 $490,000 $480,000 $463,220 $445,000 $425,000 $418,000 $407,000 $395,000 $330,000 $320,000 $318,000 $315,000 $298,000 $285,000 $285,000 $270,000 $270,000 $260,000 $253,497 $226,000 $210,000 $205,000 $158,000 $141,603 $125,000

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

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Sqft 1,356 1,089 733 838 836 848 950 815 833 1,130 803 955 623 687 771 803 949 866 787

819

2,781 750