6
FLUSHING A quarterly analysis of multifamily sales in Flushing, Queens 1st Quarter 2018
P: 718-715-1758 www.PropertyShark.com
[email protected]
Multifamily Market Report, 1st Quarter 2018
Multifamily Market Report, 1st Quarter 2018 Flushing, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$12.6M
5
$449K
$467
-74% YoY
-67% YoY
34% YoY
31% YoY
NEIGHBORHOOD BOUNDARIES
P: 718-715-1758 www.PropertyShark.com
[email protected]
MULTIFAMILY STATS Sales Volume $200.0M
$169M
$150.0M $100.0M $50.0M
$7M
$27M
$54M
$22M
$47M
$36M
$72M
$54M
$20M
$42M
$27M
$49M
$45M
$22M
$34M
$13M
$
Average Sale Price per Unit $500K
$449K
$400K
$335K
$300K $200K
$100K $
300
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2016 252 228 121 102
2017 146 189 61 128
2018 28
200
100
28
0
Q1
Q2 2016
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2016 11 12 12 10
2017 15 12 12 9
2018 5
2017 15 11 11 9
2018
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
15
2018 5
10
5
5 0 Q1
Q2 2016
Q3 2017
2018
P: 718-715-1758 www.PropertyShark.com
[email protected]
Q4
Total Sq. Ft. 700K 600K 500K 400K 300K 200K 100K
607K
188K 27K
261K
82K
151K
226K
197K 83K
155K
100K
82K
138K
172K
54K
122K
27K
Average Sale Price per Square Foot $500
$467
$400
$356
$300 $200 $100
$
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $488,125 $395,833 -
Y-o-Y 17% 20% -
Avg. price/sqft $467 $467 -
Y-o-Y 2% 31% -
Sales volume $7,810,000 $4,750,000 $0
Sales 4 1 0
Buildings 4 1 0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
20%
Small Medium Large
80%
P: 718-715-1758 www.PropertyShark.com
[email protected]
Units 16 12 0
LIST OF TRANSACTIONS Address 4324 Robinson St 3509 Leavitt St 3145 Linden Pl 3618 166 St 13417 Franklin Ave
Sale date 1-Feb-18 22-Mar-18 6-Mar-18 16-Mar-18 22-Feb-18
Sale price $4,750,000 $2,950,000 $1,680,000 $1,680,000 $1,500,000
Property type Medium multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 12 6 4 3 3
Sqft 10,168 6,114 4,800 3,040 2,760
Price/sqft $467 $482 $350 $553 $543
P: 718-715-1758 www.PropertyShark.com
[email protected]
Pkg. deal No No No No No