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NORTHEAST BRONX A quarterly analysis of multifamily sales in Northeast Bronx, Bronx 2nd Quarter 2018
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Multifamily Market Report, 2nd Quarter 2018
Multifamily Market Report, 2nd Quarter 2018 Northeast Bronx, Bronx
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$35.3M
49
$179K
$180
7% YoY
-11% YoY
22% YoY
4% 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 $
$119M
$122M
$89M $61M
$80M $44M
$34M
$62M
$63M
$79M $53M
$48M
$35M
$55M
$65M
$63M $35M
$33M
Average Sale Price per Unit $200K
$179K
$150K
$147K
$100K $50K $
2000
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2016 404 399 1617 307
2017 296 224 306 365
1500
2018 345 187
1000
345
500
187
0 Q1
Q2
2016
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2016 62 51 53 50
2017 65 57 57 60
2018 59 49
80
59
60
2016 62 50 52 50
2017 63 55 57 60
20 0
80
Q2
56
60
2018 56 49
2018
49
2016
Quarter Q1 Q2 Q3 Q4
2017
Q4
40
Q1
Number of Transactions
Q3
Q3 2017
Q4
2018
49
40
20 0 Q1
Q2 2016
Q3 2017
2018
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Q4
Total Sq. Ft. 1.0M
800K
881K
766K
648K
600K
379K
400K
740K
519K 270K
248K
365K
239K
371K
282K
264K
200K
189K
356K
285K
332K
196K
Average Sale Price per Square Foot $250
$200
$180
$174
$150 $100
$50 $
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $187,099 $125,000 -
Y-o-Y 12% 149% -
Avg. price/sqft $184 $147 -
Y-o-Y -3% 92% -
Sales volume $32,463,744 $2,875,000 $0
Sales 47 2 0
Buildings 46 2 0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
4%
Small Medium Large
96%
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Units 164 23 0
LIST OF TRANSACTIONS Address 864 E 221st St 3735 White Plains Rd 1812 Radcliff Ave 753 E 226th St 1864 White Plains Rd 1661 Adams St 1457 Oakley St 716 Penfield St 4216 Edson Ave 3886 Seton Ave 2430 Wallace Ave 4179 Edson Ave 1942 Tomlinson Ave 1742 Bogart Ave 2031 Tomlinson Ave 2719 Fenton Ave 980 Van Nest Ave 930 E 220th St 1549 Haight Ave 1547 Haight Ave 3676 Willett Ave 670 E 223rd St 3631 Olinville Ave 1006 Duncan St 1617 Taylor Ave 3073 Barker Ave 1006 Duncan St 4419 Bruner Ave 3130 Seymour Ave 3231 Seymour Ave 2238 Light St 849 E 218th St 4081 De Reimer Ave 1936 Holland Ave 746 E 215th St 683 E 223rd St 3610 Barnes Ave 4107 Bronxwood Ave 2918 Laconia Ave 828 S Oak Dr 4449 Matilda Ave 3210 Colden Ave 3363 Fenton Ave 2542 Paulding Ave 3207 Wallace Ave 3648 White Plains Rd 682 E 220th St 768 E 226th St 2945 Tenbroeck Ave
Sale date 28-Jun-18 23-May-18 24-Apr-18 18-Jun-18 15-Jun-18 7-Jun-18 7-Jun-18 17-Apr-18 23-Apr-18 4-May-18 26-Apr-18 18-May-18 10-May-18 25-May-18 9-May-18 22-May-18 3-May-18 19-Jun-18 24-Apr-18 24-Apr-18 29-Jun-18 21-Jun-18 4-May-18 4-Jun-18 29-Jun-18 6-Jun-18 18-Apr-18 15-Jun-18 29-Jun-18 20-Apr-18 7-May-18 14-Jun-18 25-Jun-18 12-Jun-18 20-Jun-18 13-Apr-18 17-May-18 7-May-18 27-Jun-18 20-Jun-18 9-May-18 14-Jun-18 4-Jun-18 12-Jun-18 13-Apr-18 16-Apr-18 23-Apr-18 26-Apr-18 12-Apr-18
Sale price $2,300,000 $1,779,456 $1,200,000 $1,100,000 $920,000 $875,000 $860,000 $855,000 $846,989 $829,177 $825,000 $825,000 $810,000 $775,000 $760,000 $750,000 $745,000 $725,000 $725,000 $700,000 $700,000 $699,000 $688,000 $668,227 $665,000 $660,000 $642,294 $625,000 $625,000 $623,301 $615,000 $610,000 $600,000 $600,000 $580,000 $575,000 $575,000 $560,000 $550,000 $525,000 $525,000 $520,000 $430,000 $425,000 $418,000 $407,300 $360,000 $337,000 $325,000
Property type Medium multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Medium multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 13 1 6 8 4 3 3 7 3 4 3 3 3 3 4 6 3 3 3 3 3 3 3 3 3 3 3 3 3 4 3 4 3 3 4 3 10 3 3 3 3 3 5 6 3 3 3 3 3
Sqft 11,688 30,520 5,178 5,376 3,654 3,087 2,592 5,925 3,186 2,000 3,486 4,450 3,306 2,920 4,410 2,140 2,400 3,600 2,979 2,970 2,560 3,453 3,388 3,180 2,000 4,055 3,180 2,961 2,352 2,560 3,000 2,568 2,700 3,432 2,720 2,303 7,879 1,874 2,508 2,553 4,074 2,820 3,623 4,725 3,909 1,880 2,930 3,306 1,500
Price/sqft $197 $58 $232 $205 $252 $283 $332 $144 $266 $415 $237 $185 $245 $265 $172 $350 $310 $201 $243 $236 $273 $202 $203 $210 $333 $163 $202 $211 $266 $243 $205 $238 $222 $175 $213 $250 $73 $299 $219 $206 $129 $184 $119 $90 $107 $217 $123 $102 $217
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