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PORT MORRIS A quarterly analysis of multifamily sales in Port Morris, Bronx 1st Quarter 2017
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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
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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
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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%
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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
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Pkg. deal No No No