Coney Island Report0cbc10c7f46235cbb800-f7506d722c0730dbfe12c26c4a5abf6d.r1.cf… · Coney Island...
Transcript of Coney Island Report0cbc10c7f46235cbb800-f7506d722c0730dbfe12c26c4a5abf6d.r1.cf… · Coney Island...
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
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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
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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
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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
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