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SEASIDE A quarterly analysis of multifamily sales in Seaside, Queens 4th Quarter 2016
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Multifamily Market Report, 4th Quarter 2016
Multifamily Market Report, 4th Quarter 2016 Seaside, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$2.6M
5
$132K
$168
-
-
-
-
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $3.0M $2.5M $2.0M $1.5M $1.0M $500K $
$3M
$2M $1M
$1M
$800K
$470K
$305K
$640K $155K
$525K
Average Sale Price per Unit $250K $200K $150K
$132K
$107K
$100K $50K $
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2014 12 3 -
2015 20 4 -
2016 3 6 20
25 20 15 10 5 0
20
6
3 Q1
0 Q2
Q3
2014
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2014 1 1 -
2015 3 1 -
2016 1 2 5
2015
5
4 2
2
1
0
0 Q1
Q2
Q3
2015 3 1 -
2015
Q4
2016
6
Number of Transactions 2014 1 1 -
2016
6
2014
Quarter Q1 Q2 Q3 Q4
Q4
2016 1 2 5
5
4 2
2
1
0
0 Q1
Q2 2014
Q3 2015
2016
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Q4
Total Sq. Ft. 20K
10,000
16K
13K
15K
9,800 6,520
5,000
5,115
5,390
5,040
3,319
6,100 2,931
Average Sale Price per Square Foot $250 $200
$168
$167
$150 $100 $50 $
MULTIFAMILY SIZE
Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $132,167 -
Y-o-Y -
Avg. price/sqft $168 -
Y-o-Y -
Sales volume $2,643,333 $0 $0
Sales 5 0 0
Buildings 5 0 0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
Small Medium Large
100%
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Units 20 0 0
LIST OF TRANSACTIONS Address 10814 Rockaway Beach Dr 157 Beach 98 St 202 Beach 102 St 183 Beach 101 St 10820 Rockaway Beach Blvd
Sale date 4-Nov-16 28-Dec-16 19-Oct-16 16-Nov-16 4-Nov-16
Sale price $1,066,667 $525,000 $485,000 $300,000 $266,667
Property type Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 6 3 3 3 5
Sqft 4,500 2,346 2,750 2,230 3,900
Price/sqft $237 $224 $176 $135 $68
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Pkg. deal Yes No No No No
