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SUNNYSIDE A quarterly analysis of multifamily sales in Sunnyside, Queens 1st Quarter 2017
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Multifamily Market Report, 1st Quarter 2017
Multifamily Market Report, 1st Quarter 2017 Sunnyside, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$5.M
3
$180K
$260
-79% YoY
-40% YoY
-37% YoY
-31% 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
$36M
$21M
$8M
$14M
$11M
$2M
$25M
$12M
$3M
$27M
$24M
$5M
$3M
Average Sale Price per Unit $350K $300K $250K $200K $150K $100K $50K $
$284K $180K
300
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2015 12 127 46 115
2016 84 13 241 109
2017 28
200 100
28
0 Q1
Q2 2015
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2015 3 7 8 6
2016 5 3 9 7
2017 3
10 8 6 4 2 0
Q2 2015
Quarter Q1 Q2 Q3 Q4
2015 3 7 8 6
2016 5 3 9 7
2017 3
2016
Q4
2017
3
Q1
Number of Transactions
Q3
10 8 6 4 2 0
Q3 2016
Q4
2017
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
103K
103K 43K
31K
9,000
37K
9,058
84K
64K
78K 9,596
19K
Average Sale Price per Square Foot $400 $350 $300 $250 $200 $150 $100 $50 $
$375 $260
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $39,797 $284,375 -
Y-o-Y -85% 6% -
Avg. price/sqft $45 $517 -
Y-o-Y -88% 21% -
Sales volume $477,560 $4,550,000 $0
Sales 2 1 0
Buildings 2 1 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 12 16 0
LIST OF TRANSACTIONS Address 4152 49 St 4314 42 St 4314 42 St
Sale date 10-Jan-17 7-Mar-17 7-Mar-17
Sale price $4,550,000 $238,780 $238,780
Property type Medium multifamily Small multifamily Small multifamily
Units 16 6 6
Sqft 8,800 5,280 5,280
Price/sqft $517 $45 $45
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Pkg. deal No No No
