sunnyside


3. 2,473. $995,000. Small multifamily. 5155 48 St. 16-Aug-17. Pkg. deal. Yes. Yes. No. No. Price/sqft. $382. $382. $445. $224. 4854 46 St. Address. 43...

0 downloads 0 Views 2MB Size

6

SUNNYSIDE A quarterly analysis of multifamily sales in Sunnyside, Queens 3rd Quarter 2017

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

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

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

$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

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 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%

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

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

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

Pkg. deal Yes Yes No No No No