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FLUSHING A quarterly analysis of multifamily sales in Flushing, Queens 3rd Quarter 2017
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Multifamily Market Report, 3rd Quarter 2017
Multifamily Market Report, 3rd Quarter 2017 Flushing, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$21.9M
11
$360K
$415
-47% YoY
0% YoY
5% YoY
0% YoY
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $200.0M
$169M
$150.0M
$111M
$100.0M
$72M
$50.0M
$26M $22M
$19M
$7M
$27M $37M $19M $36M $34M $20M
$54M
$42M
$26M
$49M $45M
$22M
$
Average Sale Price per Unit $400K $350K $300K $250K $200K $150K $100K $50K $
$360K
$343K
800
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2015 151 126 87 658
2016 252 224 121 91
600
2017 146 179 61
400
179
146
200 Q1
Q2 2015
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2015 11 21 12 19
2016 11 12 12 9
2017 15 12 12
25 20 15 10 5 0
15
Q1
20
Quarter Q1 Q2 Q3 Q4
2015 11 16 10 19
2016 11 10 11 9
2016
Q2
Q4
2017
12
Q3 2016
Q4
2017
15
15
2017 15 11 11
Q3
12
2015
Number of Transactions
61
0
11
11
10 5 0 Q1
Q2 2015
Q3 2016
2017
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Q4
Total Sq. Ft. 700K 600K 500K 400K 300K 200K 100K
647K
80K
607K
125K
188K 67K
133K
27K
55K
151K
219K 88K
63K
155K
100K
138K
73K
172K 53K
Average Sale Price per Square Foot $500 $417
$400
$415
$300 $200 $100 $
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $383,998 $291,150 -
Y-o-Y -18% -29% -
Avg. price/sqft $406 $450 -
Y-o-Y -13% -12% -
Sales volume $17,279,900 $4,658,400 $0
Sales 10 1 0
Buildings 11 1 0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
9%
Small Medium Large
91%
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Units 45 16 0
LIST OF TRANSACTIONS Address 14414 38 Ave 14462 41 Ave 14460 41 Ave 4209 College Point Blvd 4238 159 St 4745 195 St 5728 164 St 5935 174 St 5943 160 St 13637 35 Ave 4240 164 St 13435 58 Ave
Sale date 15-Sep-17 15-Aug-17 15-Aug-17 7-Aug-17 21-Sep-17 29-Sep-17 7-Jul-17 31-Aug-17 12-Sep-17 9-Aug-17 14-Jul-17 25-Jul-17
Sale price $4,658,400 $4,500,000 $4,500,000 $4,000,000 $1,515,000 $1,490,000 $1,475,000 $1,399,900 $1,130,000 $980,000 $500,000 $290,000
Property type Medium multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 16 8 8 5 3 3 3 3 3 3 3 3
Sqft 10,359 6,200 6,200 5,400 3,140 2,956 3,276 3,010 2,992 3,000 3,096 3,240
Price/sqft $450 $363 $363 $741 $482 $504 $450 $465 $378 $327 $161 $90
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Pkg. deal No Yes Yes No No No No No No No No No
