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NORTHEAST BRONX A quarterly analysis of multifamily sales in Northeast Bronx, Bronx 1st Quarter 2018
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Multifamily Market Report, 1st Quarter 2018
Multifamily Market Report, 1st Quarter 2018 Northeast Bronx, Bronx
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$61.M
53
$181K
$189
16% YoY
-16% YoY
2% 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 $
$119M
$122M $89M $61M
$80M $44M
$62M
$79M
$63M
$48M
$35M
$34M
$53M
$55M
$64M
$61M
$33M
Average Sale Price per Unit $200K
$181K
$178K
$150K $100K $50K $
2000
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2016 405 399 1617 307
2017 296 224 306 359
1500
2018 336
1000
336
500 0
Q1
Q2 2016
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2016 62 51 53 50
2017 65 57 57 58
2018 56
80
2017 63 55 57 58
2018
40
20 0 Q1
80
Number of Transactions 2016 62 50 52 50
2017
Q4
56
60
Q2 2016
Quarter Q1 Q2 Q3 Q4
Q3
2017
Q4
2018
53
60
2018 53
Q3
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
285K
349K
322K
Average Sale Price per Square Foot $250 $200
$199
$189
$150 $100 $50
$
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $187,546 $170,732
Y-o-Y 7% -
Avg. price/sqft $205 $165
Y-o-Y 5% -
Sales volume $39,947,370 $0 $21,000,000
Sales 52 0 1
Buildings 55 0 1
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
2%
Small Medium Large
98%
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Units 213 0 123
LIST OF TRANSACTIONS Address 831 Bartholdi St 2546 A White Plains Rd 2544 A White Plains Rd 2548 A White Plains Rd 2542 A White Plains Rd 785 Burke Ave 963 E Gun Hill Rd 3603 Bronxwood Ave 3857 White Plains Rd 725 E 223 St 845 E 218 St 3988 Bronxwood Ave 3967 Carpenter Ave 1026 E 219 St 843 E 218 St 2424 Esplanade 641 E 222 St 836 E 222 St 846 E 220 St 629 E 236 St 823 E 217 St 608 Van Nest Ave 1030 E 225 St 774 E 213 St 1724 Colden Ave 3015 Paulding Ave 2760 Barnes Ave 1732 Garfield St 932 E 217 St 2173 New England Thruway 3301 Barker Ave 1617 Fowler Ave 4010 Paulding Ave 295 City Island Ave 4027 Wilder Ave 4012 Paulding Ave 824 E 232 St 814 Bartholdi St 3347 Fish Ave 2971 Edson Ave 3031 Young Ave 2091 Nereid Ave 2175 New England Thruway 4330 Edson Ave 1019 E 215 St 812 E 223 St 4229 Ely Ave 1008 E 241 St 3406 Wright Ave 1035 E 217 St
Sale date 23-Mar-18 28-Mar-18 28-Mar-18 28-Mar-18 28-Mar-18 8-Mar-18 5-Mar-18 1-Feb-18 8-Jan-18 29-Mar-18 30-Mar-18 19-Mar-18 1-Mar-18 27-Mar-18 30-Mar-18 20-Feb-18 28-Mar-18 25-Jan-18 27-Feb-18 15-Mar-18 12-Jan-18 31-Jan-18 31-Jan-18 8-Feb-18 9-Mar-18 26-Mar-18 17-Jan-18 16-Feb-18 15-Mar-18 13-Mar-18 9-Feb-18 29-Jan-18 23-Feb-18 24-Jan-18 26-Feb-18 28-Feb-18 26-Mar-18 27-Feb-18 6-Mar-18 29-Jan-18 23-Feb-18 27-Mar-18 10-Jan-18 9-Mar-18 26-Jan-18 5-Mar-18 16-Feb-18 15-Feb-18 17-Jan-18 7-Feb-18
Sale price $21,000,000 $7,375,000 $7,375,000 $7,375,000 $7,375,000 $1,300,000 $1,200,000 $1,167,000 $1,150,000 $990,000 $900,000 $850,000 $840,000 $800,000 $800,000 $790,500 $730,000 $725,000 $716,024 $715,000 $714,280 $699,000 $690,000 $676,000 $660,000 $650,000 $650,000 $650,000 $650,000 $650,000 $645,000 $640,000 $636,406 $625,000 $601,000 $595,000 $587,500 $580,000 $576,940 $560,000 $545,000 $528,000 $499,000 $486,720 $475,000 $460,000 $460,000 $377,000 $363,000 $350,000
Property type Large 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 Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 123 8 8 8 8 6 6 6 4 5 5 4 3 4 4 3 4 3 5 3 3 4 3 3 3 3 4 3 3 3 3 3 3 4 3 3 5 3 3 3 3 3 3 3 3 4 3 3 3 3
Sqft 127,629 6,886 6,886 7,058 8,310 5,550 6,612 5,226 6,080 4,000 4,015 4,140 2,314 2,940 3,585 4,095 3,075 2,482 4,356 3,300 3,600 2,436 3,454 2,782 3,420 1,910 3,906 2,194 3,024 3,391 2,468 3,175 4,480 2,343 3,016 2,975 3,300 3,100 3,080 3,651 2,664 3,258 3,438 1,908 2,760 4,082 2,207 2,240 3,300 2,520
Price/sqft $165 $253 $253 $253 $253 $234 $181 $223 $189 $248 $224 $205 $363 $272 $223 $193 $237 $292 $164 $217 $198 $287 $200 $243 $193 $340 $166 $296 $215 $192 $261 $202 $142 $267 $199 $200 $178 $187 $187 $153 $205 $162 $145 $255 $172 $113 $208 $168 $110 $139
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Pkg. deal No Yes Yes Yes Yes No No Yes No No No Yes 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 3149 Seymour Ave 2549 Radcliff Ave 4061 Hill Ave 959 E 218 St 3964 Bell Ave 1932 Wallace Ave
Sale date 20-Feb-18 27-Mar-18 29-Mar-18 20-Mar-18 15-Jan-18 23-Jan-18
Sale price $350,000 $325,000 $310,000 $265,000 $229,000 $140,000
Property type Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 3 5 3 3 3 3
Sqft 1,598 3,045 1,336 1,764 2,730 3,174
Price/sqft $219 $107 $232 $150 $84 $44
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Pkg. deal No No No No No No
