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NORTHEAST BRONX A quarterly analysis of multifamily sales in Northeast Bronx, Bronx 2nd Quarter 2016
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Multifamily Market Report, 2nd Quarter 2016
Multifamily Market Report, 2nd Quarter 2016 Northeast Bronx, Bronx
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$59.9M
43
$160K
$172
72% YoY
-4% YoY
28% YoY
21% 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
$108M $65M $38M
$28M
$122M $90M
$37M $13M
$52M
$61M
$25M
$79M $44M
$34M
$62M
$60M
$35M
Average Sale Price per Unit $200K $160K
$150K
$125K
$100K $50K $
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2014 861 709 455 340
2015 283 277 537 774
2016 407 374
1000 800 600 400 200 0
407
Q1
374
Q2 2014
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2014 49 62 51 55
2015 56 45 52 63
2016 62 44
80
2014 48 59 51 54
2015 56 45 52 58
44
20 0
80
Q2
Q3 2015
Q4
2016
62
60
2016 62 43
2016
40
2014
Quarter Q1 Q2 Q3 Q4
2015
Q4
62
60
Q1
Number of Transactions
Q3
43
40 20 0 Q1
Q2 2014
Q3 2015
2016
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Q4
Total Sq. Ft. 1.0M
880K
892K
800K 600K 400K
560K 364K
279K
321K 108K
200K
774K
667K 459K
387K
247K
523K 276K
255K
365K
244K
348K
Average Sale Price per Square Foot $200 $150
$172
$142
$100 $50 $
MULTIFAMILY SIZE
Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $148,943 $152,381 $169,598
Y-o-Y 25% 14% 25%
Avg. price/sqft $161 $159 $182
Y-o-Y 18% 11% 14%
Sales volume $22,937,147 $3,200,000 $33,750,000
Sales 40 1 2
Buildings 40 1 3
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
2% 5%
Small Medium Large
93%
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Units 154 21 199
LIST OF TRANSACTIONS Address 3310 Palmer Ave 3300 Palmer Ave 686 E 234 St 4188 Barnes Ave 1057 Morris Park Ave 2032-2036 Lurting Ave 1651 Tomlinson Ave 1443 Oakley St 4124 Bronxwood Ave 3603 Bronxwood Ave 1004 Rhinelander Ave 2532 Colden Ave 718 E 217 St 746 E 219 St 834 E 222 St 1021 E 226 St 3415 Wickham Ave 932 E 223 St 766 E 224 St 4459 Richardson Ave 916 E 217 St 1713 Radcliff Ave 900 A E 213 St 3018 Barker Ave 916 E 231 St 1723 Garfield St 4324 Carpenter Ave 4626 Matilda Ave 958 E 219 St 708 E 215 St 3256 Olinville Ave 623 Mead St 4324 Carpenter Ave 3947 Laconia Ave 2438 Wallace Ave 960 E 226 St 1567 Yates Ave 4009 Barnes Ave 3218 Colden Ave 4210 Bronxwood Ave 4735 White Plains Rd 710 E 219 St 1041 E 223 St 829 E 226 St
Sale date 14-Jun-16 14-Jun-16 3-May-16 23-May-16 5-May-16 21-Jun-16 7-Apr-16 22-Jun-16 18-Apr-16 28-Jun-16 14-Apr-16 27-May-16 15-Jun-16 17-Jun-16 4-May-16 14-Apr-16 20-Jun-16 20-Apr-16 6-May-16 19-Apr-16 10-May-16 26-May-16 18-Apr-16 3-Jun-16 17-Jun-16 2-Jun-16 20-Apr-16 6-May-16 14-Apr-16 15-Jun-16 28-Jun-16 21-Jun-16 20-Apr-16 24-May-16 20-Jun-16 28-Apr-16 5-May-16 26-May-16 15-Jun-16 1-Jun-16 16-Jun-16 12-May-16 12-May-16 12-Apr-16
Sale price $24,600,000 $24,600,000 $9,150,000 $3,200,000 $1,030,000 $1,000,000 $999,950 $847,567 $825,000 $790,000 $759,000 $730,000 $700,000 $655,000 $649,000 $635,000 $620,000 $615,000 $610,000 $600,000 $588,000 $585,000 $575,100 $565,000 $560,000 $550,000 $545,000 $545,000 $528,390 $525,000 $503,958 $499,900 $493,851 $487,431 $470,000 $465,000 $450,000 $370,000 $320,000 $310,000 $250,000 $235,000 $230,000 $220,000
Property type Large multifamily Large multifamily Large 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
Units 68 67 64 21 5 6 3 3 8 6 4 6 6 3 3 3 3 3 3 5 3 3 6 3 3 3 4 3 3 6 3 3 4 3 3 3 4 3 3 3 6 3 3 3
Sqft 69,443 69,443 46,530 20,100 4,347 5,593 3,506 3,196 8,130 5,226 3,520 3,700 5,604 3,483 2,560 3,666 3,186 2,440 3,492 4,620 3,444 3,232 4,485 3,400 3,165 3,644 3,110 2,760 2,566 3,000 3,300 1,818 3,110 3,387 3,720 3,100 2,728 4,607 3,080 2,692 3,136 2,226 3,150 3,688
Price/sqft $177 $177 $197 $159 $237 $179 $285 $265 $101 $151 $216 $197 $125 $188 $254 $173 $195 $252 $175 $130 $171 $181 $128 $166 $177 $151 $175 $197 $206 $175 $153 $275 $159 $144 $126 $150 $165 $80 $104 $115 $80 $106 $73 $60
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