flushing


flushing - Rackcdn.com93ec74f88a4824b49de8-07809ee63e6a913f552d5f1c181b2439.r1.cf1.rackcdn.com/...

0 downloads 121 Views 1MB Size

6

FLUSHING A quarterly analysis of multifamily sales in Flushing, Queens 3rd Quarter 2016

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

Multifamily Market Report, 3rd Quarter 2016

Multifamily Market Report, 3rd Quarter 2016 Flushing, Queens

SUMMARY SALES VOLUME

NO. OF TRANSACTIONS

AVERAGE PRICE/UNIT

AVERAGE PRICE/SQ.FT.

$41.6M

11

$343K

$417

112% YoY

10% YoY

53% YoY

37% YoY

NEIGHBORHOOD BOUNDARIES

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

MULTIFAMILY STATS Sales Volume $200.0M

$169M

$150.0M

$111M

$100.0M $50.0M

$11M

$19M $28M $28M $19M

$25M $23M

$7M

$27M

$72M

$42M

$22M

$36M

$54M

$23M $20M

$42M

$

Average Sale Price per Unit $400K $350K $300K $250K $200K $150K $100K $50K $

$343K $225K

800

Number of Units Sold Quarter Q1 Q2 Q3 Q4

2014 32 115 173 75

2015 151 86 87 658

600

2016 248 224 121

400

248

224

0 Q1

Q2 2014

Number of Buildings Sold Quarter Q1 Q2 Q3 Q4

2014 9 10 22 13

2015 11 16 12 19

2016 11 12 12

25 20 15 10 5 0 Q1

Quarter Q1 Q2 Q3 Q4

2014 8 10 22 12

2015 11 11 10 19

2016 11 10 11

25 20 15 10 5 0

2015

Q2

11

Q1

Q3

12

Q3 2015

Q2

Q4

2016

11

10

2014

Q4

2016

12

11

2014

Number of Transactions

121

200

Q3 2015

2016

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

Q4

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

646K

49K

100K

142K

188K 79K

607K

126K

190K 73K

144K

27K

61K

219K

151K 41K

64K

155K

100K

Average Sale Price per Square Foot $600 $500 $400 $300 $200 $100 $

$417 $305

MULTIFAMILY SIZE

Size of Multifamily Properties Sold Multifamily size Small Medium Large

Avg. price/unit $470,813 $408,696 $237,588

Y-o-Y 30% 350% -

Avg. price/sqft $468 $509 $332

Y-o-Y 25% 188% -

Sales volume $17,890,888 $9,400,000 $14,255,280

Sales 9 1 1

Buildings 10 1 1

Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)

9% 9% Small Medium Large

82%

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

Units 38 23 60

LIST OF TRANSACTIONS Address 3733 Lawrence St 13230 Sanford Ave 13318 41 Rd 13316 41 Rd 3639 Prince St 3616 193 St 4367 161 St 14924 Roosevelt Ave 4709 159 St 3610 166 St 19020 Crocheron Ave 4649 160 St

Sale date 30-Sep-16 25-Jul-16 22-Jul-16 22-Jul-16 15-Aug-16 16-Sep-16 5-Jul-16 29-Sep-16 17-Aug-16 23-Sep-16 23-Sep-16 5-Jul-16

Sale price $14,255,280 $9,400,000 $6,180,000 $6,180,000 $3,400,000 $1,519,888 $1,500,000 $1,500,000 $1,330,000 $1,175,000 $933,000 $353,000

Property type Large multifamily Medium multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily

Units 60 23 6 6 5 3 3 3 3 3 3 3

Sqft 43,000 18,457 3,564 3,564 10,126 2,220 3,063 3,220 3,510 3,760 1,932 3,276

Price/sqft $332 $509 $867 $867 $336 $685 $490 $466 $379 $313 $483 $108

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

Pkg. deal No No Yes Yes No No No No No No No No