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HOWARD BEACH A quarterly analysis of multifamily sales in Howard Beach, Queens 3rd Quarter 2016
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Multifamily Market Report, 3rd Quarter 2016
Multifamily Market Report, 3rd Quarter 2016 Howard Beach, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$5.2M
7
$227K
$256
-39% YoY
-46% YoY
32% YoY
29% YoY
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $12.0M $10.0M $8.0M $6.0M $4.0M $2.0M $
$11M
$9M
$8M $6M $3M
$4M $1M
$5M $2M
$3M
$2M
$2M
$3M
$4M
$3M
$4M
$5M $3M
Average Sale Price per Unit $250K
$227K
$200K
$173K
$150K $100K $50K $
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2014 33 86 42 12
2015 24 17 50 18
2016 19 15 23
100 80 60 40 20 0
19
Q1
Q2
Q3
2014
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2014 8 19 11 4
2015 6 5 13 6
2016 6 4 7
2015
2015 6 5 13 6
2016
15 10
6
7
4
5 0 Q1
Q2
Q3 2015
Q4
2016
15
Number of Transactions 2014 8 13 11 4
Q4
20
2014
Quarter Q1 Q2 Q3 Q4
23
15
2016 6 4 7
10
7
6
4
5 0 Q1
Q2 2014
Q3 2015
2016
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Q4
Total Sq. Ft. 70K 60K 50K 40K 30K 20K 10,000
64K
18K
44K
40K
40K 24K 9,793
14K
17K
24K 12K
9,786
18K
17K
17K
17K
13K
20K
Average Sale Price per Square Foot $300 $250 $200 $150 $100 $50 $
$256 $198
MULTIFAMILY SIZE
Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $227,391 -
Y-o-Y 27% -
Avg. price/sqft $256 -
Y-o-Y 30% -
Sales volume $5,230,000 $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 23 0 0
LIST OF TRANSACTIONS Address 10127 94 St 14924 85 St 10412 104 St 8702 101 Ave 8602 102 Ave 10777 100 St 10622 98 St
Sale date 30-Aug-16 6-Jul-16 19-Sep-16 26-Jul-16 19-Jul-16 8-Jul-16 2-Aug-16
Sale price $915,000 $895,000 $740,000 $740,000 $675,000 $665,000 $600,000
Property type Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 4 3 3 4 3 3 3
Sqft 3,684 3,726 2,260 2,420 2,350 2,772 3,232
Price/sqft $248 $240 $327 $306 $287 $240 $186
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Pkg. deal No No No No No No No
