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FLUSHING A quarterly analysis of multifamily sales in Flushing, Queens 2nd Quarter 2018
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Multifamily Market Report, 2nd Quarter 2018
Multifamily Market Report, 2nd Quarter 2018 Flushing, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$128.7M
13
$305K
$341
187% YoY
18% YoY
29% YoY
30% 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
$49M $45M
$27M
$22M
$34M
$13M
$
Average Sale Price per Unit $500K
$400K $300K
$305K
$237K
$200K $100K $
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2016 252 228 121 102
2017 146 189 61 128
2018 28 422
500 400 300 200 100 0
422
28 Q1
Q2
2016
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2016 11 12 12 10
2017 15 12 12 9
2018 5 13
2017 15 11 11 9
2018
13
15 10
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
10
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
122K
54K
27K
Average Sale Price per Square Foot $500
$400
$341
$300
$261
$200
$100 $
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $432,129 $300,000 $294,382
Y-o-Y 34% 125% 22%
Avg. price/sqft $491 $302 $332
Y-o-Y 46% 53% 31%
Sales volume $13,396,000 $10,500,000 $104,800,000
Sales 9 1 3
Buildings 9 1 3
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
23%
Small Medium
8%
Large 69%
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Units 31 35 356
LIST OF TRANSACTIONS Address 13225-13245 Maple Ave 13257 Sanford Ave 14227 Barclay Ave 4204 Saull St 14220 Sanford Ave 3634 170th St 2528 Parsons Blvd 4241 156th St 4237 156th St 4327 159th St 19214 Station Rd 19412 Station Rd 13818 Elder Ave
Sale date 21-Jun-18 21-Jun-18 21-May-18 29-May-18 15-May-18 10-Apr-18 3-May-18 6-Jun-18 4-Apr-18 24-Apr-18 10-May-18 4-Jun-18 26-Apr-18
Sale price $51,100,000 $40,400,000 $13,300,000 $10,500,000 $2,400,000 $1,800,000 $1,625,000 $1,406,000 $1,400,000 $1,350,000 $1,230,000 $1,200,000 $985,000
Property type Large multifamily Large multifamily Large multifamily Medium multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 180 126 50 35 6 3 3 3 3 3 4 3 3
Sqft 161,520 113,348 40,991 34,807 4,584 4,029 2,100 2,272 2,272 3,120 2,675 2,898 3,328
Price/sqft $316 $356 $324 $302 $524 $447 $774 $619 $616 $433 $460 $414 $296
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Pkg. deal No No No No No No No No No No No No No
