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FLUSHING A quarterly analysis of multifamily sales in Flushing, Queens 4th Quarter 2017
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Multifamily Market Report, 4th Quarter 2017
Multifamily Market Report, 4th Quarter 2017 Flushing, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$32.M
7
$262K
$277
25% YoY
-22% YoY
-7% YoY
-21% 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 $32M
$
Average Sale Price per Unit $400K $350K $300K $250K $200K $150K $100K $50K $
$281K
800
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2015 151 126 87 658
2016 252 224 121 91
600
2017 146 179 61 122
400
179
146
200
Number of Buildings Sold 2015 11 21 12 19
2016 11 12 12 9
2017 15 12 12 7
Q1
Q2
25 20 15 10 5 0
15
Quarter Q1 Q2 Q3 Q4
2015 11 16 10 19
2016 11 10 11 9
2016
Q4
2017
12 7
Q1
20
Q2
Q3 2016
Q4
2017
15
15
2017 15 11 11 7
Q3
12
2015
Number of Transactions
122
61
0
2015
Quarter Q1 Q2 Q3 Q4
$262K
11
11 7
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
73K
172K
138K
53K
116K
Average Sale Price per Square Foot $500 $400
$352
$300
$277
$200 $100 $
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $280,000 $256,122 $261,574
Y-o-Y -26% 11%
Avg. price/sqft $378 $276 $252
Y-o-Y -11% -19%
Sales volume $5,320,000 $12,550,000 $14,125,000
Sales 5 1 1
Buildings 5 1 1
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
14%
Small
14%
Medium Large 72%
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Units 19 49 54
LIST OF TRANSACTIONS Address 14348 41 Ave 14403 Barclay Ave 4550-4552 158 St 4377 157 St 3411 146 St 4717 Kissena Blvd 13347 41 Rd
Sale date 22-Dec-17 28-Dec-17 26-Oct-17 13-Nov-17 7-Nov-17 20-Dec-17 3-Nov-17
Sale price $14,125,000 $12,550,000 $1,500,000 $1,400,000 $1,070,000 $750,000 $600,000
Property type Large multifamily Medium multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 54 49 4 3 3 3 6
Sqft 56,000 45,500 3,330 3,138 2,750 1,224 3,615
Price/sqft $252 $276 $450 $446 $389 $613 $166
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Pkg. deal No No No No No No No
