Flushing Report

---

Flushing Report Flushing 4TH QUARTER 2015 in Flushing, Queens

Flushing Report A quarterly analysis of multifamily sales in Flushing, Queens 4TH QUARTER 2015

Borough

Queens

Year

2015

Neighborhood

Flushing

Quarter

4

Multifamily Market Report, Q4 2015 Flushing, Queens

SUMMARY SALES VOLUME

NO. OF TRANSACTIONS 23

$172M

AVERAGE PRICE/UNIT

AVERAGE PRICE/SQ. FT.

$256K $

$172M

23

$256K

$278

376% Y-o-Y

-8% Y-o-Y

85% Y-o-Y

35% Y-o-Y

COMMUNITY DISTRICT BOUNDARIES

2

www.propertyshark.com

278

MULTIFAMILY STATS Sales Volume $200 M

$172 M

$150 M

$122 M

$100 M $50 M

$14 M

$17 M

$32 M

$25 M

$26 M

$23 M

$28 M

$12 M

$30 M

$48 M

$36 M

$28 M

$26 M

$25 M

$M

Total Sq. Ft. 800K 700K 600K 500K 400K 300K 200K 100K 0

716K

618K

332K 79K

91K

199K

131K

108K

95K

42K

127K

166K

176K

285K 87K

60K

Average Sale Price per Unit $350K $300K $250K $200K $150K $100K $50K 0

$256K $138K

Number of Units Sold

800

Quarter Q1

2013 296

2014 55

2015 251

Q2

740

202

103

Q3

85

197

87

Q4

99

261

672

672

600 400

251

200

103 Q1

Q2

Q3

2013

Number of Buildings Sold

2014

2013 14

Q2 Q3 Q4

Q4

2015

30 25

Quarter Q1

87

0

2014 16

2015 14

20

15

19

19

28

19

20

27

23

19

20

23

19

14

15 10 5 0 Q1

Number of Transactions

Q2 2013

2014

Q3 2015

Q4

30 23

25

Quarter Q1

2013 14

2014 15

2015 14

20

Q2 Q3

20

15

14

10

19

28

17

5

Q4

19

25

23

0

14

15

Q1

14

Q2 2013

3

www.propertyshark.com

17

Q3 2014

2015

Q4

Average Price per Square Foot $500

$400 $300

$278

$205

$200 $100 $0

MULTIFAMILY SIZE Size of Multifamily Properties Sold

Multifamily size Small Medium Large

Average price per unit

Average price per sq. ft.

Small

Price $271,801

Y-o-Y -16%

Price $316

Y-o-Y -12%

Medium

$310,606

99%

$290

20%

Sales volume

Total Sq. Ft.

No. of sales

No. of buildings

No. of units

$13,861,861

43,880

15

15

51

7.6%

$41,000,000

141,613

4

4

132

19.6%

$238,954 1116% $270 637% $116,848,273 Large Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)

432,305

4

4

489

72.8%

Number of Sold Buildings by Size

Medium 19.6%

Large 72.8%

Small 7.6%

4

www.propertyshark.com

23

LIST OF TRANSACTIONS Sale date

Sale price

Property type

Units

Price per unit

Sq. Ft.

Price per Sq. Ft.

04-Dec-15 04-Dec-15

$52,940,555 $32,650,562

Large multifamily Large multifamily

180 126

$294,114 $259,131

161,520 113,348

$328 $288

Package deal No No

3 13646 41 Ave

18-Dec-15

$17,800,000

Medium multifamily

30

$593,333

60,800

$293

No

4 13321 Sanford Ave

04-Dec-15

$16,501,595

Large multifamily

89

$185,411

74,007

$223

No

5 13240 Sanford Ave

04-Dec-15

$14,755,561

Large multifamily

94

$156,974

83,430

$177

No

6 3705 Parsons Blvd

31-Dec-15

$9,700,000

Medium multifamily

39

$248,718

33,000

$294

No

7 4199 Parsons Blvd

05-Nov-15

$7,300,000

Medium multifamily

40

$182,500

30,813

$237

No

8 14337 Sanford Ave

25-Nov-15

$6,200,000

Medium multifamily

23

$269,565

17,000

$365

No

9 14314 38 Ave

17-Nov-15

$1,650,000

Small multifamily

3

$550,000

2,509

$658

No

10 14457 Barclay Ave

24-Nov-15

$1,400,000

Small multifamily

3

$466,667

2,740

$511

No

11 1744 149 St

16-Oct-15

$1,370,000

Small multifamily

3

$456,667

2,480

$552

No

12 4215 164 St

29-Oct-15

$1,299,000

Small multifamily

6

$216,500

3,600

$361

No

13 4203 156 St

10-Dec-15

$1,065,000

Small multifamily

3

$355,000

2,593

$411

No

14 4215 163 St

24-Nov-15

$998,000

Small multifamily

3

$332,667

3,265

$306

No

15 1837 119 St 16 2540 Parsons Blvd

30-Oct-15

$900,000

Small multifamily

4

$225,000

2,340

$385

No

19-Oct-15

$895,000

Small multifamily

3

$298,333

2,950

$303

No

17 1111 123 St

30-Nov-15

$855,000

Small multifamily

3

$285,000

2,272

$376

No

18 4718 Smart St

04-Dec-15

$800,000

Small multifamily

3

$266,667

3,312

$242

No

19 1834 125 St

23-Dec-15

$705,000

Small multifamily

3

$235,000

3,372

$209

No

20 12603 18 Ave

13-Oct-15

$688,000

Small multifamily

3

$229,333

3,000

$229

No

21 3225 Linden St

27-Oct-15

$598,211

Small multifamily

3

$199,404

3,007

$199

No

22 11917 28 Ave

30-Oct-15

$527,000

Small multifamily

3

$175,667

3,328

$158

No

23 15401 9 Ave

02-Dec-15

$111,650

Small multifamily

5

$22,330

3,112

$36

No

Address

1 13225-13245 Maple Ave 2 13257 Sanford Ave

5

www.propertyshark.com