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NORTHEAST BRONX A quarterly analysis of multifamily sales in Northeast Bronx, Bronx 4th Quarter 2017
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Multifamily Market Report, 4th Quarter 2017
Multifamily Market Report, 4th Quarter 2017 Northeast Bronx, Bronx
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$62.5M
55
$179K
$184
32% YoY
12% YoY
15% YoY
8% 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 $90M
$65M $13M
$61M
$52M
$26M
$79M $44M
$62M $62M
$79M $47M $53M
$34M $35M
$55M $62M $33M
Average Sale Price per Unit $200K
$179K
$156K
$150K $100K $50K $
2000
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2015 283 277 537 774
2016 407 394 1617 304
1500
2017 296 224 306 350
1000 296
500 0
Q1
Q2 2015
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2015 56 45 52 63
2016 62 50 53 49
2017 65 57 57 55
80
65
Quarter Q1 Q2 Q3 Q4
2015 56 45 52 58
2016 62 49 52 49
2016
Q4
2017 57
55
40 20 0 Q1
80
Q2
63
Q3 2016
Q4
2017 57
55
60
2017 63 55 57 55
Q3
57
60
2015
Number of Transactions
350
306
224
55
40 20 0 Q1
Q2 2015
Q3 2016
2017
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Q4
Total Sq. Ft. 1.0M
881K
800K
552K
600K 400K 200K
105K
766K
654K 456K
248K
379K
740K
517K 270K
248K
365K
240K
368K
279K
250K
189K
285K
340K
Average Sale Price per Square Foot $250 $200
$184
$170
$150 $100 $50 $
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $170,701 $188,461 -
Y-o-Y 4% 15% -
Avg. price/sqft $194 $174 -
Y-o-Y 15% -31% -
Sales volume $33,286,616 $29,211,406 $0
Sales 50 5 0
Buildings 50 5 0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
9%
Small Medium Large
91%
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Units 195 155 0
LIST OF TRANSACTIONS Address 1835 Needham Ave 624 E 222 St 710 E 235 St 664 E 213 St 2761 Bronxwood Ave 1826 Radcliff Ave 851 E 242 St 721 E 223 St 3728 Paulding Ave 570 City Island Ave 1841 Paulding Ave 3357 Seymour Ave 1937 Hone Ave 867 E 230 St 2728 Yates Ave 618 Mead St 620 Mead St 1275 E 222 St 2526 Holland Ave 4358 Richardson Ave 1022 E 226 St 3605 Barnes Ave 929 E 230 St 1560 Williamsbridge Rd 1667 Wallace Ave 2179 Muliner Ave 1045 E 215 St 1330 E 224 St 3537 De Reimer Ave 3427 Hunter Ave 754 E 217 St 3639 Olinville Ave 539 Van Nest Ave 1702 Wallace Ave 3311 Tiemann Ave 1326 Waring Ave 3967 Carpenter Ave 712 E 227 St 3548 Olinville Ave 3695 Marolla Pl 2305 Wallace Ave 3233 Cruger Ave 1855 Colden Ave 1739 Fowler Ave 670 E 222 St 1855 White Plains Rd 3015 Matthews Ave 558 Morris Park Ave 3237 Chestnut Dr N 685 E 226 St
Sale date 7-Dec-17 26-Oct-17 1-Nov-17 23-Oct-17 24-Oct-17 2-Nov-17 7-Dec-17 7-Dec-17 20-Dec-17 4-Oct-17 27-Oct-17 27-Nov-17 27-Oct-17 10-Nov-17 20-Oct-17 17-Nov-17 17-Nov-17 7-Nov-17 24-Oct-17 25-Oct-17 18-Dec-17 25-Oct-17 26-Oct-17 19-Dec-17 18-Dec-17 13-Dec-17 29-Dec-17 19-Dec-17 8-Nov-17 19-Oct-17 28-Nov-17 8-Dec-17 7-Nov-17 11-Dec-17 7-Nov-17 4-Oct-17 9-Oct-17 15-Nov-17 8-Nov-17 26-Dec-17 11-Oct-17 13-Nov-17 19-Oct-17 15-Dec-17 17-Oct-17 14-Nov-17 7-Dec-17 30-Oct-17 2-Oct-17 20-Dec-17
Sale price $12,050,000 $6,000,000 $5,500,000 $4,925,000 $1,400,000 $1,190,000 $1,100,000 $1,100,000 $1,100,000 $1,000,000 $925,000 $800,000 $788,500 $775,000 $769,000 $746,000 $746,000 $740,000 $736,406 $735,000 $724,000 $715,000 $710,000 $678,000 $675,000 $670,000 $650,000 $650,000 $640,000 $630,000 $630,000 $627,000 $625,000 $605,000 $600,000 $588,000 $580,000 $580,000 $577,500 $570,000 $565,000 $503,000 $500,000 $500,000 $495,000 $495,000 $485,000 $460,366 $460,000 $450,000
Property type Medium 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 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
Units 47 43 35 20 5 8 7 8 9 6 3 4 3 6 3 3 3 3 10 6 3 3 4 3 3 3 3 3 3 3 3 3 6 3 3 3 3 3 3 3 3 3 6 3 3 3 4 3 3 6
Sqft 55,331 50,163 37,200 17,000 5,985 5,460 4,158 7,000 3,129 3,344 4,056 3,378 2,700 6,120 3,150 3,060 3,060 4,125 8,500 5,130 1,197 2,892 3,090 3,400 3,414 3,545 3,024 2,968 2,840 4,256 3,720 3,388 3,360 2,746 3,948 2,860 2,314 2,574 3,000 1,840 3,690 3,795 4,050 2,475 3,256 2,680 3,520 1,760 2,980 3,240
Price/sqft $218 $120 $148 $290 $234 $218 $265 $157 $352 $299 $228 $237 $292 $127 $244 $244 $244 $179 $87 $143 $605 $247 $230 $199 $198 $189 $215 $219 $225 $148 $169 $185 $186 $220 $152 $206 $251 $225 $193 $310 $153 $133 $123 $202 $152 $185 $138 $262 $154 $139
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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 Yes No No No No No No No No No No
Address 1184 Rhinelander Ave 3866 Seton Ave 936 E 224 St 3073 Barker Ave 1845 Paulding Ave
Sale date 16-Nov-17 27-Nov-17 3-Oct-17 9-Nov-17 12-Dec-17
Sale price $450,000 $450,000 $360,000 $262,250 $212,000
Property type Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 3 4 4 3 3
Sqft 2,967 3,157 3,510 4,055 2,492
Price/sqft $152 $143 $103 $65 $85
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Pkg. deal No No No No No
