Sunnyside Report


Sunnyside Report. Sunnyside. 4TH QUARTER 2015 in Sunnyside, Queens. 4TH QUARTER 2015. Sunnyside Report. A quarterly analysis of multifamily sales...

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Sunnyside Report Sunnyside 4TH QUARTER 2015 in Sunnyside, Queens

Sunnyside Report A quarterly analysis of multifamily sales in Sunnyside, Queens 4TH QUARTER 2015

Borough

Neighborhood

Queens Sunnyside

Year

2015

Quarter

4

Multifamily Market Report, Q4 2015 Sunnyside, Queens

SUMMARY SALES VOLUME

NO. OF TRANSACTIONS 18

$40M

AVERAGE PRICE/UNIT

AVERAGE PRICE/SQ. FT.

$221K $

$40M

18

$221K

$289

325% Y-o-Y

100% Y-o-Y

-3% Y-o-Y

7% Y-o-Y

COMMUNITY DISTRICT BOUNDARIES

2

www.propertyshark.com

289

MULTIFAMILY STATS Sales Volume $140 M $120 M $100 M $80 M $60 M $40 M $20 M $M

$121 M $77 M $44 M $23 M $1 M

$14 M

$21 M

$34 M

$27 M

$17 M

$49 M $21 M

$9 M

$39 M

$23 M

$40 M

Total Sq. Ft. 600K

491K

500K 400K

311K

300K 200K 100K 0

110K 10K

78K

121K

171K

122K

77K

126K

78K

35K

150K

78K

137K

94K

Average Sale Price per Unit $400K $350K $300K $250K $200K $150K $100K $50K 0

$228K

Number of Units Sold

$221K

700 600 500

Quarter Q1

2013 94

2014 400

2015 103

400

Q2

220

160

180

200

Q3

171

84

111

Q4

631

41

180

300

180

103

100

180

111

0 Q1

Q2

Q3

2013

Number of Buildings Sold

2014

Q4

2015

40

Quarter Q1

2013 13

2014 16

Q2

29

16

19

Q3

18

18

24

Q4

23

9

18

30

2015 16

20

24

19

16

18

10 0 Q1

Number of Transactions

Q2 2013

2014

Q3 2015

Q4

35 30

24

25

Quarter Q1

2013 13

2014 16

2015 16

Q2

29

16

18

Q3

18

18

24

5

Q4

21

9

18

0

20

18

16

15 10

Q1

Q2 2013

3

18

www.propertyshark.com

Q3 2014

2015

Q4

Average Price per Square Foot $500

$400

$289

$269

$300 $200 $100 $0

MULTIFAMILY SIZE Size of Multifamily Properties Sold

Multifamily size Small Medium

Average price per unit

Average price per sq. ft.

Small

Price $275,130

Y-o-Y 21%

Price $321

Y-o-Y 19%

Medium

$197,619

n/a

$273

n/a

Sales volume

Total Sq. Ft.

No. of sales

No. of buildings

$14,857,000

46,217

13

13

54

30.0%

$24,900,000

91,209

5

5

126

70.0%

n/a

n/a

n/a

n/a

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

Number of Sold Buildings by Size

Medium 70.0%

Small 30.0%

4

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No. of units

18

LIST OF TRANSACTIONS Address

Sale date

Sale price

Property type

Units

Price per unit

Sq. Ft.

Price per Sq. Ft.

1 4328 39 Pl 2 4338 39 Pl

16-Dec-15 16-Dec-15

$8,082,770 $8,082,770

Medium multifamily Medium multifamily

40 40

$202,069 $202,069

28,600 28,600

$283 $283

Package deal No No

3 4816 46 St

16-Dec-15

$4,459,460

Medium multifamily

20

$222,973

13,600

$328

No

4 4166 72 St

15-Dec-15

$2,800,000

Medium multifamily

10

$280,000

10,889

$257

No

5 4021-4023 69 St

05-Nov-15

$1,900,000

Small multifamily

6

$316,667

4,160

$457

No

6 4127 49 St

15-Dec-15

$1,795,000

Small multifamily

6

$299,167

4,890

$367

No

7 4726 44 St

16-Oct-15

$1,500,000

Small multifamily

6

$250,000

5,148

$291

No

8 3766 63 St

09-Oct-15

$1,475,000

Medium multifamily

16

$92,188

9,520

$155

No

9 1018 47 Ave

11-Dec-15

$1,410,000

Small multifamily

3

$470,000

2,280

$618

No

10 3735 64 St

17-Nov-15

$1,300,000

Small multifamily

6

$216,667

4,920

$264

No

11 4246 64 St

02-Dec-15

$1,250,000

Small multifamily

3

$416,667

3,420

$365

No

12 4884 37 St

09-Dec-15

$1,200,000

Small multifamily

3

$400,000

4,084

$294

No

13 4822 59 Pl

17-Nov-15

$1,100,000

Small multifamily

3

$366,667

3,240

$340

No

14 5041 64 St

27-Oct-15

$830,000

Small multifamily

3

$276,667

3,465

$240

No

15 4218 66 St 16 4124 63 St

20-Nov-15

$725,000

Small multifamily

3

$241,667

2,850

$254

No

20-Oct-15

$710,000

Small multifamily

3

$236,667

2,840

$250

No

17 4023 67 St

09-Nov-15

$625,000

Small multifamily

6

$104,167

3,480

$180

No

18 5468 46 St

23-Oct-15

$512,000

Small multifamily

3

$170,667

1,440

$356

No

5

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