Hillcrest Report

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Hillcrest Report Hillcrest 4TH QUARTER 2015 in Hillcrest, Queens

Hillcrest Report A quarterly analysis of multifamily sales in Hillcrest, Queens 4TH QUARTER 2015

Borough

Queens

Year

2015

Neighborhood

Hillcrest

Quarter

4

Multifamily Market Report, Q4 2015 Hillcrest, Queens

SUMMARY SALES VOLUME

NO. OF TRANSACTIONS 7

$8M

AVERAGE PRICE/UNIT

AVERAGE PRICE/SQ. FT.

$287K $

$8M

7

$287K

$291

139% Y-o-Y

40% Y-o-Y

33% Y-o-Y

49% Y-o-Y

COMMUNITY DISTRICT BOUNDARIES

2

www.propertyshark.com

291

MULTIFAMILY STATS Sales Volume $250 M

$220 M

$200 M

$143 M

$150 M $100 M $50 M

$7 M

$M

$3 M

$1 M

$11 M

$9 M

$4 M

$1 M

$29 M

$16 M

$4 M

$3 M

$8 M

$7 M

$4 M

Total Sq. Ft. 1,200K

1,048K

1,000K 800K

573K

600K 400K 200K 0

55K

5K

12K

64K

57K

21K

6K

129K

82K

22K

17K

27K

22K

16K

Average Sale Price per Unit $400K $350K $300K $250K $200K $150K $100K $50K 0

$287K $217K

Number of Units Sold

1,400 1,200

Quarter Q1

2013 41

2014 136

2015 17

Q2

6

25

27

Q3

23

1,288

425

Q4

159

15

27

1,000 800 600

425

400 200

27

17

0 Q1

Q2 2013

Number of Buildings Sold

27 Q3

2014

Q4

2015

20

Quarter Q1

2013 5

2014 9

2015 5

Q2

2

5

6

Q3

7

18

8

Q4

12

5

7

15 10

8

6

5

5

7

0 Q1

Number of Transactions

Q2 2013

2014

Q3 2015

Q4

10 8

8

Quarter Q1

2013 5

2014 9

2015 5

Q2

2

5

6

Q3

7

7

8

2

Q4

8

5

7

0

6

5

4

Q1

Q2 2013

3

7

6

www.propertyshark.com

Q3 2014

2015

Q4

Average Price per Square Foot $400 $350 $300 $250 $200 $150 $100 $50 $0

$291 $195

MULTIFAMILY SIZE Size of Multifamily Properties Sold

Multifamily size Small

Average price per unit

Average price per sq. ft.

No. of sales

No. of buildings

No. of units

Sales volume

Total Sq. Ft.

$7,760,969

26,700

7

7

27

n/a

n/a

n/a

n/a

n/a

n/a n/a n/a n/a n/a Large Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)

n/a

n/a

n/a

n/a

Small

Price $287,443

Y-o-Y 33%

Price $291

Y-o-Y 49%

Medium

n/a

n/a

n/a

n/a

Number of Sold Buildings by Size

Small 100.0%

4

www.propertyshark.com

100.0%

7

LIST OF TRANSACTIONS Sale date

Sale price

Property type

Units

Price per unit

Sq. Ft.

Price per Sq. Ft.

1 7108 162 St 2 16033 75 Rd

15-Oct-15 30-Nov-15

$2,600,000 $970,000

Small multifamily Small multifamily

8 4

$325,000 $242,500

7,664 2,262

$339 $429

Package deal No No

3 6112 156 St

27-Oct-15

$925,000

Small multifamily

3

$308,333

3,099

$298

No

4 16702 Highland Ave

27-Oct-15

$925,000

Small multifamily

3

$308,333

5,376

$172

No

5 8657 Avon St

15-Oct-15

$890,969

Small multifamily

3

$296,990

2,848

$313

No

6 8598 Parsons Blvd

20-Nov-15

$775,000

Small multifamily

3

$258,333

1,776

$436

No

7 14114 85 Rd

16-Oct-15

$675,000

Small multifamily

3

$225,000

3,675

$184

No

Address

5

www.propertyshark.com