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SUNNYSIDE A quarterly analysis of multifamily sales in Sunnyside, Queens 2nd Quarter 2017
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Multifamily Market Report, 2nd Quarter 2017
Multifamily Market Report, 2nd Quarter 2017 Sunnyside, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$27.1M
5
$211K
$356
752% YoY
67% YoY
-13% YoY
8% YoY
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $120.0M $100.0M $80.0M $60.0M $40.0M $20.0M $
$97M $76M
$8M
$25M
$21M
$8M
$36M $13M
$11M
$2M
$3M
$12M
$27M
$25M $24M
$27M $5M
$3M
Average Sale Price per Unit $350K $300K $250K $200K $150K $100K $50K $
$244K
300
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2015 12 127 46 115
2016 84 13 241 109
2017 28 128
200
128
100
28
0 Q1
Q2
Q3
2015
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2015 3 7 8 6
2016 5 3 9 7
2017 3 5
10 8 6 4 2 0
2016
2015 3 7 8 6
2016 5 3 9 7
2017 3 5
2017
5
Q1
Number of Transactions
Q4
3
Q2
Q3
2015
Quarter Q1 Q2 Q3 Q4
$211K
10 8 6 4 2 0
2016
Q4
2017
5 3
Q1
Q2 2015
Q3 2016
2017
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Q4
Total Sq. Ft. 400K 350K 300K 250K 200K 150K 100K 50K
365K 251K
41K
97K
95K 31K
103K
70K
43K
9,000
9,058
37K
84K
64K
78K 9,596
19K
76K
Average Sale Price per Square Foot $400 $350 $300 $250 $200 $150 $100 $50 $
$356
$331
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $135,458 $240,552 $207,245
Y-o-Y -45% -
Avg. price/sqft $158 $423 $377
Y-o-Y -52% -
Sales volume $2,031,872 $11,546,512 $13,470,930
Sales 3 1 1
Buildings 3 1 1
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
20%
Small Medium 20%
60%
Large
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Units 15 48 65
LIST OF TRANSACTIONS Address 4707 39 St 4141 44 St 4537 43 St 4314 42 St 4314 42 St
Sale date 29-Jun-17 29-Jun-17 28-Jun-17 7-Apr-17 7-Apr-17
Sale price $13,470,930 $11,546,512 $1,458,800 $286,536 $286,536
Property type Large multifamily Medium multifamily Small multifamily Small multifamily Small multifamily
Units 65 48 3 6 6
Sqft 35,700 27,320 2,322 5,280 5,280
Price/sqft $377 $423 $628 $54 $54
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Pkg. deal No No No No No