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MANHATTAN VALLEY A quarterly analysis of multifamily sales in Manhattan Valley, Manhattan 2nd Quarter 2017
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Multifamily Market Report, 2nd Quarter 2017
Multifamily Market Report, 2nd Quarter 2017 Manhattan Valley, Manhattan
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$80.9M
5
$506K
$525
97% YoY
-17% YoY
21% YoY
2% YoY
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $140.0M $120.0M $100.0M $80.0M $60.0M $40.0M $20.0M $
$128M $70M
$81M
$69M $48M
$35M
$15M
$38M $16M
$81M $42M
$41M
$25M
$23M
$22M
Average Sale Price per Unit $1.0M $800K $600K
$506K
$419K
$400K $200K $
200
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2015 19 103 65 -
2016 155 98 80 45
160
150
2017 76 160
76
100 50 0 Q1
Q2
Q3
2015
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2015 2 3 2 -
2016 5 8 3 2
2017 3 7
10 8 6 4 2 0
2016
3
Q1
Q2
Q3
2016 2 6 3 2
2016
Q4
2017
8
Number of Transactions 2015 2 3 2 -
2017
7
2015
Quarter Q1 Q2 Q3 Q4
Q4
5
6
2017 3 5
3
4 2 0 Q1
Q2 2015
Q3 2016
2017
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Q4
Total Sq. Ft. 400K 350K 300K 250K 200K 150K 100K 50K
376K 163K
134K
92K
30K
82K 15K
71K
51K
96K
154K 79K
65K
29K
38K
Average Sale Price per Square Foot $1,200 $1,000 $800 $600 $400 $200 $
$525
$517
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $505,563 -
Y-o-Y 12% -
Avg. price/sqft $525 -
Y-o-Y -6% -
Sales volume $0 $80,890,000 $0
Sales 0 5 0
Buildings 0 7 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 0 160 0
LIST OF TRANSACTIONS Address 64 W 107 St 66 W 107 St 60-62 W 107 St 15 W 107 St 68 W 107 St 961 Columbus Ave 216 W 108 St
Sale date 10-May-17 10-May-17 10-May-17 11-May-17 10-May-17 16-May-17 27-Apr-17
Sale price $38,250,000 $38,250,000 $38,250,000 $17,052,000 $12,750,000 $7,595,000 $5,243,000
Property type Medium multifamily Medium multifamily Medium multifamily Medium multifamily Medium multifamily Medium multifamily Medium multifamily
Units 25 25 25 30 25 15 15
Sqft 25,144 25,144 25,144 31,818 25,144 12,215 9,440
Price/sqft $507 $507 $507 $536 $507 $622 $555
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Pkg. deal Yes Yes Yes No No No No
