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LITTLE ITALY A quarterly analysis of multifamily sales in Little Italy, Manhattan 1st Quarter 2018
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Multifamily Market Report, 1st Quarter 2018
Multifamily Market Report, 1st Quarter 2018 Little Italy, Manhattan
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$29.4M
3
$613K
$941
-
-
-
-
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $35.0M $30.0M $25.0M $20.0M $15.0M $10.0M $5.0M $
$33M $17M
$29M
$13M $7M
$7M
$6M
$5M
Average Sale Price per Unit $1.0M $800K
$669K
$600K
$613K
$400K $200K
$
60
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2016 22 -
2017 10
2018 48
48
40
20 0
Q1
Q2 2016
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2016 1 -
2017 1
2018 3
4
2017 1
2018
2
1 0 Q1
4
Number of Transactions 2016 1 -
2017
Q4
3
3
Q2 2016
Quarter Q1 Q2 Q3 Q4
Q3
2017
Q4
2018
3
3
2018 3
Q3
2 1 0 Q1
Q2 2016
Q3 2017
2018
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Q4
Total Sq. Ft. 40K 35K 30K 25K 20K 15K 10,000 5,000
34K
31K
16K 8,725
12K
10,000
6,446
6,445
Average Sale Price per Square Foot $1,200 $1,000 $800 $600 $400 $200 $
$974
$941
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $1,500,000 $408,205 -
Y-o-Y -
Avg. price/sqft $1,199 $795 -
Y-o-Y -
Sales volume $13,500,000 $15,920,000 $0
Sales 1 2 0
Buildings 1 2 0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
33% Small Medium Large 67%
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Units 9 39 0
LIST OF TRANSACTIONS Address 151-185 Mulberry St 174 Hester St 127 Mott St
Sale date 22-Mar-18 22-Feb-18 2-Mar-18
Sale price $13,500,000 $8,550,000 $7,370,000
Property type Small multifamily Medium multifamily Medium multifamily
Units 9 20 19
Sqft 11,255 11,300 8,725
Price/sqft $1,199 $757 $845
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Pkg. deal No No No
