Coney Island Report

Coney Island

4TH QUARTER 2015

in Coney Island, Brooklyn

4TH QUARTER 2015

Coney Island Report

A quarterly analysis of multifamily sales

in Coney Island, Brooklyn

Brooklyn Year 2015Coney

Island Quarter 4

7 $169K

$4M 218$

12% Y-o-Y

SALES VOLUME AVERAGE PRICE/SQ. FT. NO. OF TRANSACTIONS AVERAGE PRICE/UNIT

-71% Y-o-Y -30% Y-o-Y 4% Y-o-Y

Borough

Neighborhood

Multifamily Market Report, Q4 2015

Coney Island, Brooklyn

7 $218 $4M $169K

SUMMARY

COMMUNITY DISTRICT BOUNDARIES

2 www.propertyshark.com

Quarter

Q1

Q2

Q3

Q4

Quarter

Q1

Q2

Q3

Q4

Quarter

Q1

Q2

Q3

Q4 8

18

13

2015

6 17

2013

2014

8 11 7

2013 2014

22

2014 2015

6 15

18

9

10

22

7

6

16

2013

19

6 21 13

16 9

138 85 24

171 825

161 44 102

2015

21 447 263

385

18

13

22

7

0

5

10

15

20

25

Q1 Q2 Q3 Q4

2013 2014 2015

Average Sale Price per Unit

Number of Units Sold

Number of Transactions

Number of Buildings Sold19

13

22

7

0

5

10

15

20

25

Q1 Q2 Q3 Q42013 2014 2015

263

825

10224

0

200

400

600

800

1,000

Q1 Q2 Q3 Q4

2013 2014 2015

Sales Volume

$12 M$2 M

$18 M $12 M $4 M

$39 M$26 M $20 M

$80 M

$31 M$9 M $14 M

$64 M

$162 M

$18 M$4 M

$ M$20 M$40 M$60 M$80 M

$100 M$120 M$140 M$160 M$180 M

Total Sq. Ft.

83K11K

108K 130K20K

403K

148K 174K

426K

164K46K 71K

245K

846K

85K19K

0100K200K300K400K500K600K700K800K900K

$162K $169K

0

$50K

$100K

$150K

$200K

$250K

$300K

MULTIFAMILY STATS

3 www.propertyshark.com

Price Y-o-Y Price Y-o-Y

Small Small $169,208 -2% $218 19% $4,061,000 7 7 24 100.0%

Medium n/a n/a n/a n/a n/a n/a n/a n/a

Large n/a n/a n/a n/a n/a n/a n/a n/a

Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)

18,591

n/a

n/a

Multifamily sizeAverage price per unit Average price per sq. ft. No. of

salesSales volume

No. of

buildings

No. of

unitsTotal Sq. Ft.

$195$218

$0

$50

$100

$150

$200

$250

$300

Small

100.0%

Average Price per Square Foot

MULTIFAMILY SIZE

Size of Multifamily Properties Sold

Number of Sold Buildings by Size

4 www.propertyshark.com

8

1 3017 Brighton 12 St 15-Oct-15 $15,000,000 Small multifamily 4 $576,923 2,964 $647 Yes

2 2315 Mermaid Ave 28-Dec-15 $925,000 Small multifamily 6 $154,167 3,246 $285 No

3 131 Neptune Ave 23-Nov-15 $675,000 Small multifamily 3 $225,000 2,754 $245 No

4 2750 Brighton 7 St 13-Oct-15 $655,000 Small multifamily 3 $218,333 2,916 $225 No

5 2882 Brighton 3 St 04-Nov-15 $615,000 Small multifamily 3 $205,000 1,800 $342 No

6 2845 W 37 St 20-Nov-15 $421,000 Small multifamily 3 $140,333 2,904 $145 No

7 2378 W 12 St 14-Oct-15 $420,000 Small multifamily 3 $140,000 2,471 $170 No

8 2502 Hubbard St 15-Oct-15 $350,000 Small multifamily 3 $116,667 2,500 $140 No

Address Sale date Sale price Property type Units Price per unit Sq. Ft. Price per Sq. Ft.Package

deal

LIST OF TRANSACTIONS

5 www.propertyshark.com