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FLUSHING A quarterly analysis of multifamily sales in Flushing, Queens 3rd Quarter 2018
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Multifamily Market Report, 3rd Quarter 2018
Multifamily Market Report, 3rd Quarter 2018 Flushing, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$9.2M
5
$576K
$516
-58% YoY
-55% YoY
60% YoY
26% YoY
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $200.0M
$169M $129M
$150.0M $100.0M $50.0M
$7M
$27M
$45M
$72M $22M
$36M $34M
$20M
$54M
$42M
$27M
$49M $45M
$22M
$34M
$13M
$9M
$
Average Sale Price per Unit $700K $600K $500K $400K $300K $200K $100K $
$576K $360K
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2016 252 228 121 102
2017 146 189 61 128
2018 28 422 16
500 400 300 200 100 0
422
28 Q1
16 Q2 2016
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2016 11 12 12 10
2017 15 12 12 9
2018 5 13 5
2017 15 11 11 9
2018
13
15 10
5
5
5
0 Q1
Q2
Q3 2017
Q4
2018
20
Number of Transactions 2016 11 10 11 10
2017
Q4
20
2016
Quarter Q1 Q2 Q3 Q4
Q3
13
15
2018 5 13 5
10
5
5
5
0 Q1
Q2 2016
Q3 2017
2018
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Q4
Total Sq. Ft. 700K 600K 500K 400K 300K 200K 100K
607K 378K 188K 27K
224K 82K
151K
226K 88K
83K
155K
100K
82K
138K
172K 54K
122K
27K
18K
Average Sale Price per Square Foot $600 $500 $400 $300 $200 $100 $
$516 $410
MULTIFAMILY SIZE
Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $575,772 -
Y-o-Y 50% -
Avg. price/sqft $516 -
Y-o-Y 29% -
Sales volume $9,212,356 $0 $0
Sales 5 0 0
Buildings 5 0 0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
Small Medium Large
100%
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Units 16 0 0
LIST OF TRANSACTIONS Address 13616 Carlton Pl 19904 47th Ave 2514 146th St 14225 Horace Harding Expy 13412 Blossom Ave
Sale date 28-Sep-18 30-Jul-18 19-Sep-18 16-Aug-18 28-Sep-18
Sale price $2,472,356 $1,970,000 $1,700,000 $1,580,000 $1,490,000
Property type Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 3 4 3 3 3
Sqft 4,095 4,595 3,762 2,479 2,920
Price/sqft $604 $429 $452 $637 $510
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Pkg. deal No No No No No
