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PORT MORRIS A quarterly analysis of multifamily sales in Port Morris, Bronx 1st Quarter 2017

P: 718-715-1758 www.PropertyShark.com [email protected]

Multifamily Market Report, 1st Quarter 2017

Multifamily Market Report, 1st Quarter 2017 Port Morris, Bronx

SUMMARY SALES VOLUME

NO. OF TRANSACTIONS

AVERAGE PRICE/UNIT

AVERAGE PRICE/SQ.FT.

$8.M

3

$211K

$276

405% YoY

50% YoY

20% YoY

5% YoY

NEIGHBORHOOD BOUNDARIES

P: 718-715-1758 www.PropertyShark.com [email protected]

MULTIFAMILY STATS Sales Volume $10.0M

$8M

$8.0M $6.0M $4.0M

$1M

$2.0M

$2M

$2M

$175K

$

$660K

$1M

$3M

$3M

$2M

$158K

$431K

Average Sale Price per Unit $350K $300K $250K $200K $150K $100K $50K $

$211K $139K

40

Number of Units Sold Quarter Q1 Q2 Q3 Q4

2015 4 19 -

2016 9 3 9 -

38

30

2017 38

20 10 0 Q1

Q2 2015

Number of Buildings Sold Quarter Q1 Q2 Q3 Q4

2015 1 4 -

2016 2 1 3 -

2017 3

5 4 3 2 1 0

Q2 2015

Quarter Q1 Q2 Q3 Q4

2015 1 4 -

2016 2 1 3 -

2017 3

2016

Q4

2017

3

Q1

Number of Transactions

Q3

5 4 3 2 1 0

Q3 2016

Q4

2017

3

Q1

Q2 2015

Q3 2016

2017

P: 718-715-1758 www.PropertyShark.com [email protected]

Q4

Total Sq. Ft. 35K 30K 25K 20K 15K 10,000 5,000

30K

29K

19K 12K 4,464

3,348

15K

11K

6,060

2,250

7,050

3,150

Average Sale Price per Square Foot $400 $350 $300 $250 $200 $150 $100 $50 $

$276 $171

MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large

Avg. price/unit $520,000 $164,394 -

Y-o-Y 194% -

Avg. price/sqft $441 $234 -

Y-o-Y 68% -

Sales volume $2,600,000 $5,425,000 $0

Sales 1 2 0

Buildings 1 2 0

Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)

33% Small Medium Large 67%

P: 718-715-1758 www.PropertyShark.com [email protected]

Units 5 33 0

LIST OF TRANSACTIONS Address 700 E 134 St 55 Bruckner Blvd 906 E 141 St

Sale date 9-Jan-17 28-Feb-17 22-Mar-17

Sale price $4,025,000 $2,600,000 $1,400,000

Property type Medium multifamily Small multifamily Medium multifamily

Units 20 5 13

Sqft 13,975 5,900 9,172

Price/sqft $288 $441 $153

P: 718-715-1758 www.PropertyShark.com [email protected]

Pkg. deal No No No