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SUNNYSIDE. A quarterly analysis of multifamily sales in Sunnyside, Queens. 1st Quarter 2017. Multifamily Market Report, 1st Quarter 2017 ...

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SUNNYSIDE A quarterly analysis of multifamily sales in Sunnyside, Queens 1st Quarter 2017

P: 718-715-1758 www.PropertyShark.com [email protected]

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

P: 718-715-1758 www.PropertyShark.com [email protected]

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

P: 718-715-1758 www.PropertyShark.com [email protected]

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%

P: 718-715-1758 www.PropertyShark.com [email protected]

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

P: 718-715-1758 www.PropertyShark.com [email protected]

Pkg. deal No No No