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HOWARD BEACH A quarterly analysis of multifamily sales in Howard Beach, Queens 2nd Quarter 2018
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Multifamily Market Report, 2nd Quarter 2018
Multifamily Market Report, 2nd Quarter 2018 Howard Beach, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$6.8M
8
$234K
$341
-86% YoY
-27% YoY
48% YoY
47% YoY
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $60.0M $50.0M $40.0M $30.0M $20.0M $10.0M $
$48M
$5M
$11M
$8M
$2M
$3M
$3M
$9M
$4M
$4M
$3M
$6M
$5M
$5M
$4M
$7M
$2M
$7M
Average Sale Price per Unit $350K $300K $250K $200K $150K $100K $50K $
$234K $159K
400
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2016 19 15 26 27
2017 22 303 16 24
300
2018 6 29
200 100
29
6
0 Q1
Q2
Q3
2016
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2016 6 4 8 9
2017 6 54 5 8
2018 2 8
2017
40
20
8
2
0 Q1
Q2
Q3
2017 6 11 5 8
2017
Q4
2018
15
Number of Transactions 2016 6 4 8 9
2018
60
2016
Quarter Q1 Q2 Q3 Q4
Q4
2018 2 8
8
10 5
2
0 Q1
Q2 2016
Q3 2017
2018
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Q4
Total Sq. Ft. 250K
208K
200K 150K
100K 50K
61K 24K
37K
8,886
16K
15K
43K
17K
17K
13K
23K
26K
16K
24K
12K
4,498
20K
Average Sale Price per Square Foot $400 $350 $300 $250 $200 $150 $100 $50 $
$341 $231
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $234,138 -
Y-o-Y 51% -
Avg. price/sqft $341 -
Y-o-Y 50% -
Sales volume $6,790,000 $0 $0
Sales 8 0 0
Buildings 8 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 29 0 0
LIST OF TRANSACTIONS Address 8611-8613 97th Ave 8151 102nd Rd 9002 97th Ave 10919 Centreville St 10136 103rd St 9028 Pitkin Ave 10436 104th St 9409 77th St
Sale date 5-Apr-18 1-May-18 23-May-18 31-May-18 25-Apr-18 10-Apr-18 21-Jun-18 8-May-18
Sale price $1,180,000 $972,000 $900,000 $840,000 $825,000 $800,000 $641,000 $632,000
Property type Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 3 3 5 6 3 3 3 3
Sqft 2,880 3,000 3,600 3,360 2,000 1,444 2,314 1,312
Price/sqft $410 $324 $250 $250 $413 $554 $277 $482
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Pkg. deal No No No No No No No No
