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MORRIS PARK A quarterly analysis of multifamily sales in Morris Park, Bronx 2nd Quarter 2018
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Multifamily Market Report, 2nd Quarter 2018
Multifamily Market Report, 2nd Quarter 2018 Morris Park, Bronx
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$5.7M
7
$229K
$237
85% YoY
40% YoY
18% YoY
10% YoY
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $25.0M
$24M
$20.0M
$14M
$15.0M
$10.0M $2M
$5.0M
$4M
$5M
$3M
$558K
$2M
$5M
$4M
$5M
$3M
$3M
$6M
$5M $1M
$
Average Sale Price per Unit $250K
$200K
$229K
$194K
$150K
$100K $50K $
40
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2016 16 28 27 -
2017 28 16 15 32
25
30
2018 6 25
20 6
10 0 Q1
Q2
Q3
2016
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2016 4 7 3 -
2017 8 5 5 8
2018 2 7
10 8 6 4 2 0
2017
2
Q2
Q3
2016
Quarter Q1 Q2 Q3 Q4
2016 4 7 3 -
2017 8 5 5 8
2018 2 7
2018
7
Q1
Number of Transactions
Q4
10 8 6 4 2 0
2017
Q4
2018
7
2
Q1
Q2 2016
Q3 2017
2018
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Q4
Total Sq. Ft. 200K
156K
153K
150K
100K 50K
13K
24K
32K
13K
2,592
13K
26K
26K
25K
14K
14K
28K
6,595
24K
Average Sale Price per Square Foot $250
$237
$214
$200 $150 $100
$50 $
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $228,600 -
Y-o-Y 18% -
Avg. price/sqft $237 -
Y-o-Y 10% -
Sales volume $5,715,000 $0 $0
Sales 7 0 0
Buildings 7 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 25 0 0
LIST OF TRANSACTIONS Address 1812 Radcliff Ave 1942 Tomlinson Ave 1742 Bogart Ave 2031 Tomlinson Ave 980 Van Nest Ave 1549 Haight Ave 1547 Haight Ave
Sale date 24-Apr-18 10-May-18 25-May-18 9-May-18 3-May-18 24-Apr-18 24-Apr-18
Sale price $1,200,000 $810,000 $775,000 $760,000 $745,000 $725,000 $700,000
Property type Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 6 3 3 4 3 3 3
Sqft 5,178 3,306 2,920 4,410 2,400 2,979 2,970
Price/sqft $232 $245 $265 $172 $310 $243 $236
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Pkg. deal No No No No No No No
