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MANHATTAN VALLEY A quarterly analysis of multifamily sales in Manhattan Valley, Manhattan 4th Quarter 2017
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Multifamily Market Report, 4th Quarter 2017
Multifamily Market Report, 4th Quarter 2017 Manhattan Valley, Manhattan
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$23.7M
3
$624K
$843
1% YoY
50% YoY
20% YoY
5% 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
$38M $16M
$15M
$81M $42M
$41M
$25M
$23M
$22M
$6M
$24M
Average Sale Price per Unit $1.0M $800K $600K
$624K
$519K
$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 36 38
76
100 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 2 3
10 8 6 4 2 0
2016
2016 2 6 3 2
2017
3
Q1
3
2
Q2
Q3 2016
Q4
2017
8
Number of Transactions 2015 2 3 2 -
Q4
7
2015
Quarter Q1 Q2 Q3 Q4
38
36
50
5
6
2017 3 5 2 3
3
4
3
2
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 92K
134K 30K
82K 15K
71K
51K
96K
154K 79K
65K
29K
38K
23K
28K
Average Sale Price per Square Foot $1,200 $1,000 $800 $600 $400 $200 $
$843
$800
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $623,684 -
Y-o-Y 20% -
Avg. price/sqft $843 -
Y-o-Y 5% -
Sales volume $0 $23,700,000 $0
Sales 0 3 0
Buildings 0 3 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 38 0
LIST OF TRANSACTIONS Address 940 Columbus Ave 61 W 104 St 926 Amsterdam Ave
Sale date 21-Nov-17 25-Oct-17 20-Nov-17
Sale price $9,900,000 $8,000,000 $5,800,000
Property type Medium multifamily Medium multifamily Medium multifamily
Units 17 10 11
Sqft 11,093 7,924 9,105
Price/sqft $892 $1,010 $637
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Pkg. deal No No No
