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HOWARD BEACH A quarterly analysis of multifamily sales in Howard Beach, Queens 4th Quarter 2017
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Multifamily Market Report, 4th Quarter 2017
Multifamily Market Report, 4th Quarter 2017 Howard Beach, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$6.4M
7
$306K
$301
17% YoY
-22% YoY
51% YoY
41% YoY
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $60.0M $50.0M $40.0M $30.0M $20.0M $10.0M $
$48M
$4M
$3M
$3M
$2M
$5M
$11M
$8M
$2M
$3M
$3M
$9M
$4M
$4M
$3M
$6M
$5M
$5M
$6M
$4M
Average Sale Price per Unit $350K $300K $250K $200K $150K $100K $50K $
$306K $203K
400
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2015 24 17 50 18
2016 19 15 26 27
303
300
2017 22 303 16 21
200 100
22 Q1
Q2 2015
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2015 6 5 13 6
2016 6 4 8 9
2017 6 54 5 7
60
Quarter Q1 Q2 Q3 Q4
2015 6 5 13 6
2016 6 4 8 9
Q4
2017
54
40 20
6
7
5
0 Q1
Q2
15
2017 6 11 5 7
Q3 2016
Q3
2015
Number of Transactions
21
16
0
2016
Q4
2017
11
10
6
7
5
5 0 Q1
Q2 2015
Q3 2016
2017
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Q4
Total Sq. Ft. 250K
208K
200K 150K 100K 50K
61K 23K
18K
17K
11K
24K
37K
8,886
16K
16K
43K
17K
17K
13K
23K
26K
16K
12K
21K
Average Sale Price per Square Foot $350 $300 $250 $200 $150 $100 $50 $
$301 $214
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $305,657 -
Y-o-Y 51% -
Avg. price/sqft $301 -
Y-o-Y 41% -
Sales volume $6,418,800 $0 $0
Sales 7 0 0
Buildings 7 0 0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
Small Medium Large
100%
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Units 21 0 0
LIST OF TRANSACTIONS Address 9045 Pitkin Ave 9760 101 St 14933 84 St 10105 81 St 15545 Sapphire St 10223 164 Dr 13712 80 St
Sale date 16-Nov-17 4-Dec-17 15-Nov-17 26-Oct-17 2-Oct-17 29-Nov-17 25-Oct-17
Sale price $1,200,000 $1,065,000 $978,800 $960,000 $935,000 $715,000 $565,000
Property type Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 3 3 3 3 3 3 3
Sqft 2,640 2,898 3,432 3,828 3,828 2,280 2,392
Price/sqft $455 $367 $285 $251 $244 $314 $236
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Pkg. deal No No No No No No No
