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HOWARD BEACH A quarterly analysis of multifamily sales in Howard Beach, Queens 3rd Quarter 2017
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Multifamily Market Report, 3rd Quarter 2017
Multifamily Market Report, 3rd Quarter 2017 Howard Beach, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$3.6M
5
$223K
$298
-39% YoY
-38% YoY
-1% YoY
17% 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
$6M
$3M
$5M
$5M
$4M
Average Sale Price per Unit $250K
$225K
$200K
$223K
$150K $100K $50K $
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
200 100
22
16
0 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
60
2016
Quarter Q1 Q2 Q3 Q4
2015 6 5 13 6
2016 6 4 8 9
2017
40 20
6
5
0 Q1
Q2
15
2017 6 11 5
Q4
54
Q3
2015
Number of Transactions
Q3
2016
Q4
2017
11
10
6
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
Average Sale Price per Square Foot $350 $300 $250 $200 $150 $100 $50 $
$298
$255
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $223,438 -
Y-o-Y -1% -
Avg. price/sqft $298 -
Y-o-Y 17% -
Sales volume $3,575,000 $0 $0
Sales 5 0 0
Buildings 5 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 16 0 0
LIST OF TRANSACTIONS Address 9901 98 St 10308 Liberty Ave 9803 103 Ave 9511 87 St 13721 95 St
Sale date 4-Aug-17 28-Aug-17 9-Jul-17 11-Jul-17 1-Sep-17
Sale price $1,085,000 $890,000 $700,000 $650,000 $250,000
Property type Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 3 4 3 3 3
Sqft 3,027 2,270 2,048 2,660 2,000
Price/sqft $358 $392 $342 $244 $125
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Pkg. deal No No No No No
