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SEASIDE A quarterly analysis of multifamily sales in Seaside, Queens 3rd Quarter 2018
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Multifamily Market Report, 3rd Quarter 2018
Multifamily Market Report, 3rd Quarter 2018 Seaside, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$3.2M
4
$266K
$285
227% YoY
300% YoY
63% YoY
13% YoY
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $3.5M $3.0M $2.5M $2.0M $1.5M $1.0M $500K $
$3M $2M
$2M $1M
$800K
$640K
$155K
$1M
$975K
$650K
$525K
$432K
Average Sale Price per Unit $300K $250K $200K $150K $100K $50K $
$266K $217K
20
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2016 3 6 9
2017 3 6 15
12
15
2018 5 12
10
5
5
0
0 Q1
Q2
Q3
2016
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2016 1 2 3
2017 1 1 1
2018 1 4
5 4 3 2 1 0
2017
Quarter Q1 Q2 Q3 Q4
2016 1 2 3
2017 1 1 1
2018 1 4
2018 4
1 0 Q1
Q2
Q3
2016
Number of Transactions
Q4
5 4 3 2 1 0
2017
Q4
2018 4
1 0 Q1
Q2 2016
Q3 2017
2018
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Q4
Total Sq. Ft. 14K 12K 10,000 8,000 6,000 4,000 2,000
13K
9,800 5,040
11K 6,100
5,390
7,326
2,931
6,520 2,628
3,851 1,200
Average Sale Price per Square Foot $400 $350 $300 $250 $200 $150 $100 $50 $
$285
$247
MULTIFAMILY SIZE
Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $265,667 -
Y-o-Y 63% -
Avg. price/sqft $285 -
Y-o-Y 13% -
Sales volume $3,188,000 $0 $0
Sales 4 0 0
Buildings 4 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 12 0 0
LIST OF TRANSACTIONS Address 156 Beach 96 St 183 Beach 101 St 174 Beach 97 St 226 Beach 98 St
Sale date 17-Aug-18 21-Sep-18 18-Jul-18 31-Jul-18
Sale price $1,080,000 $780,000 $740,000 $588,000
Property type Small multifamily Small multifamily Small multifamily Small multifamily
Units 3 3 3 3
Sqft 1,800 2,230 3,750 3,388
Price/sqft $600 $350 $197 $174
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Pkg. deal No No No No
