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SUNNYSIDE A quarterly analysis of multifamily sales in Sunnyside, Queens 3rd Quarter 2017
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Multifamily Market Report, 3rd Quarter 2017
Multifamily Market Report, 3rd Quarter 2017 Sunnyside, Queens
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$13.5M
5
$260K
$371
-82% YoY
-44% YoY
-18% YoY
23% 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
$27M
$25M $24M
$12M
$27M $5M
$3M
$14M
Average Sale Price per Unit $350K $300K $250K $200K $150K $100K $50K $
$315K $260K
300
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2015 12 127 46 115
2016 84 13 241 109
2017 28 128 52
200
128
100
52
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 6
10 8 6 4 2 0
2016
Quarter Q1 Q2 Q3 Q4
2015 3 7 8 6
2016 5 3 9 7
2017 3 5 5
2017
6
5 3
Q1
Q2
Q3
2015
Number of Transactions
Q4
10 8 6 4 2 0
2016
Q4
2017
5
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
70K
103K 43K
9,000
9,058
37K
84K
64K
78K
19K
9,596
76K
36K
Average Sale Price per Square Foot $400 $350 $300 $250 $200 $150 $100 $50 $
$371 $302
MULTIFAMILY SIZE Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $266,147 $256,571 -
Y-o-Y 19% 32% -
Avg. price/sqft $351 $382 -
Y-o-Y 23% -7% -
Sales volume $4,524,500 $8,980,000 $0
Sales 4 1 0
Buildings 4 2 0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
20%
Small Medium Large
80%
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Units 17 35 0
LIST OF TRANSACTIONS Address 4339 42 St 4335 42 St 4542 44 St 4854 46 St 4739 39 Pl 5155 48 St
Sale date 26-Jul-17 26-Jul-17 11-Jul-17 13-Jul-17 17-Aug-17 16-Aug-17
Sale price $8,980,000 $8,980,000 $1,330,000 $1,200,000 $999,500 $995,000
Property type Medium multifamily Medium multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 18 17 5 6 3 3
Sqft 11,760 11,760 2,992 5,346 2,090 2,473
Price/sqft $382 $382 $445 $224 $478 $402
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Pkg. deal Yes Yes No No No No