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NORTHEAST BRONX A quarterly analysis of multifamily sales in Northeast Bronx, Bronx 3rd Quarter 2018
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Multifamily Market Report, 3rd Quarter 2018
Multifamily Market Report, 3rd Quarter 2018 Northeast Bronx, Bronx
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$127.7M
71
$200K
$206
130% YoY
22% YoY
11% YoY
7% 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
$128M $62M $63M
$79M $48M $53M
$34M $35M
$56M
$65M $64M $36M
$33M
Average Sale Price per Unit $250K $200K
$200K
$180K
$150K $100K $50K $
2000
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2016 404 399 1617 307
2017 296 224 309 365
1500
2018 348 190 638
1000
638
348
500
190
0 Q1
Q2 2016
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2016 62 51 53 50
2017 65 57 58 60
2018 60 50 71
80
60
60
Quarter Q1 Q2 Q3 Q4
2016 62 50 52 50
2017 63 55 58 60
Q4
2018 71
40 20 0 Q1
80
Q2
57
60
2018 57 50 71
2017
50
2016
Number of Transactions
Q3
Q3 2017
Q4
2018 71
50
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
619K
519K 270K
248K
365K
239K
371K
282K
200K
264K
189K
288K
356K
334K
198K
Average Sale Price per Square Foot $250 $200
$206
$193
$150 $100 $50 $
MULTIFAMILY SIZE
Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $184,148 $176,226 $216,647
Y-o-Y 0% 2% -
Avg. price/sqft $208 $161 $218
Y-o-Y 6% -14% -
Sales volume $40,144,156 $15,155,440 $72,360,000
Sales 63 3 5
Buildings 63 3 5
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
4%
7%
Small Medium Large
89%
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Units 218 86 334
LIST OF TRANSACTIONS Address 2198 Cruger Ave 2180 Bronx Park E 2197 Cruger Ave 3039 Wallace Ave 711 E 231st St 776 Mace Ave 4459 Matilda Ave 3153 Seymour Ave 4566 Richardson Ave 3539 Barnes Ave 718 Penfield St 764 E 213th St 846 E 220th St 1733 Wallace Ave 2726 Wallace Ave 2011 Lurting Ave 915 E 229th St 185 City Island Ave 828 E 227th St 780 Bartholdi St 769 E 224th St 1000 Duncan St 815 E 225th St 1829 Bogart Ave 2031 Lurting Ave 936 E 224th St 1908 Wallace Ave 3015 Radcliff Ave 1661 Hunt Ave 2936 Grace Ave 3760 Barnes Ave 1520 Burke Ave 3562 Carlisle Pl 1740 Adams St 1256 E 223rd St 1187 Van Nest Ave 1943 Adee Ave 1732 Sexton Pl 928 E 211th St 637 E 225th St 2720 Yates Ave 3424 Grace Ave 4416 Wilder Ave 1012 E 219th St 3490 Eastchester Rd 752 E 227th St 1051 E 226th St 723 E 216th St 1736 Van Buren St 4541 Carpenter Ave
Sale date 22-Aug-18 22-Aug-18 22-Aug-18 28-Sep-18 6-Sep-18 28-Sep-18 10-Aug-18 10-Aug-18 7-Aug-18 6-Aug-18 31-Jul-18 14-Aug-18 6-Jul-18 18-Sep-18 3-Aug-18 20-Jul-18 12-Jul-18 6-Aug-18 11-Jul-18 13-Sep-18 6-Aug-18 17-Aug-18 30-Jul-18 18-Sep-18 13-Aug-18 25-Jul-18 21-Sep-18 28-Sep-18 10-Aug-18 13-Sep-18 1-Aug-18 2-Aug-18 20-Aug-18 4-Sep-18 2-Jul-18 2-Aug-18 28-Sep-18 30-Jul-18 25-Jul-18 16-Jul-18 7-Sep-18 13-Jul-18 28-Aug-18 11-Sep-18 3-Aug-18 17-Sep-18 6-Jul-18 27-Jul-18 23-Aug-18 23-Aug-18
Sale price $22,500,000 $17,500,000 $13,000,000 $10,000,000 $9,360,000 $8,500,000 $3,327,720 $3,327,720 $1,150,000 $1,142,581 $1,000,000 $999,000 $980,000 $835,000 $800,500 $800,000 $800,000 $800,000 $798,000 $770,000 $770,000 $769,000 $760,000 $752,000 $750,000 $750,000 $750,000 $745,000 $730,000 $725,000 $725,000 $712,775 $710,000 $705,000 $700,000 $700,000 $700,000 $690,000 $665,000 $660,000 $660,000 $657,200 $650,000 $640,000 $630,000 $580,000 $577,500 $575,000 $575,000 $575,000
Property type Large multifamily Large multifamily Large multifamily Large multifamily Large multifamily Medium multifamily Medium 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 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
Units 88 71 61 60 54 48 22 16 6 3 7 6 6 3 3 3 4 6 5 3 7 3 3 3 3 4 3 3 4 3 3 3 3 4 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 4
Sqft 88,386 75,133 70,296 52,980 44,982 60,719 16,200 17,000 3,200 2,359 4,800 4,980 4,356 2,880 3,290 2,280 3,100 4,485 3,455 2,488 5,100 3,180 3,150 2,240 2,952 3,510 3,182 2,394 3,350 2,924 3,081 3,573 3,076 3,400 2,200 2,760 2,841 4,056 2,016 4,330 1,558 2,590 1,747 2,760 3,213 2,478 3,630 2,601 3,546 3,200
Price/sqft $255 $233 $185 $189 $208 $140 $205 $196 $359 $484 $208 $201 $225 $290 $243 $351 $258 $178 $231 $309 $151 $242 $241 $336 $254 $214 $236 $311 $218 $248 $235 $199 $231 $207 $318 $254 $246 $170 $330 $152 $424 $254 $372 $232 $196 $234 $159 $221 $162 $180
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Pkg. deal No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No
Address 1113 E 224th St 3222 Yates Ave 824 E 226th St 1150 Neill Ave 1014 E 224th St 1129 Neill Ave 949 E 231st St 758 E 225th St 3750 Willett Ave 739 E 220th St 1659 Wallace Ave 2029 Muliner Ave 4328 Edson Ave 2166 Hone Ave 2742 Hering Ave 2320 Esplanade 4164 Gunther Ave 2427 Barker Ave 2711-2713 Kingsland Ave 960 E 218th St 959 E 223rd St
Sale date 13-Sep-18 28-Aug-18 13-Jul-18 27-Jul-18 8-Aug-18 20-Sep-18 14-Sep-18 28-Aug-18 27-Sep-18 24-Jul-18 28-Sep-18 13-Sep-18 29-Aug-18 16-Aug-18 16-Aug-18 16-Jul-18 9-Jul-18 17-Jul-18 16-Jul-18 6-Sep-18 6-Sep-18
Sale price $568,600 $550,000 $530,000 $500,000 $495,000 $490,000 $485,000 $481,650 $480,000 $480,000 $462,500 $445,000 $435,000 $427,500 $385,000 $360,000 $305,350 $300,000 $200,000 $150,000 $150,000
Property type 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
Units 3 3 3 3 3 3 3 3 3 4 3 3 3 3 3 3 3 4 3 3 3
Sqft 3,800 3,183 2,348 3,585 2,346 2,911 2,706 3,654 4,519 2,660 1,848 2,812 1,908 2,760 1,152 3,804 3,335 3,900 3,220 1,968 2,440
Price/sqft $150 $173 $226 $139 $211 $168 $179 $132 $106 $180 $250 $158 $228 $155 $334 $95 $92 $77 $62 $76 $61
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Pkg. deal No No No Yes No No No No No No No No No No No No No No No No No
