CROWN HEIGHTS - Weeblytheratnerteam.weebly.com/.../9/...brooklyn_2016_3.pdf · 3rd Quarter 2016...
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6 P: 718-715-1758 www.PropertyShark.com [email protected] CROWN HEIGHTS A quarterly analysis of multifamily sales in Crown Heights, Brooklyn 3rd Quarter 2016 The RATNER Team Market Reports o: 718-747-8215 | c: 347-501-0860 | e: [email protected] Warren Lewis Sotheby’s International Realty
Transcript of CROWN HEIGHTS - Weeblytheratnerteam.weebly.com/.../9/...brooklyn_2016_3.pdf · 3rd Quarter 2016...
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P: 718-715-1758
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CROWN HEIGHTS
A quarterly analysis of multifamily sales
in Crown Heights, Brooklyn
3rd Quarter 2016
Multifamily Market Report, 3rd Quarter 2016
The RATNER Team Market Reports
o: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Warren Lewis Sotheby’s International Realty
14% YoY
AVERAGE PRICE/SQ.FT.
2% YoY
AVERAGE PRICE/UNIT
-11% YoY
NO. OF TRANSACTIONS
35% YoY
SALES VOLUME
Multifamily Market Report, 3rd Quarter 2016
Crown Heights, Brooklyn
SUMMARY
$102.1M 24 $287K $332
NEIGHBORHOOD BOUNDARIES
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The RATNER Team Market Reports
o: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Warren Lewis Sotheby’s International Realty
Q4 31 29
34
2016
Q2 31 47 38
Q3 33 27 24
39Q1 40 32
Quarter 2014 2015
Quarter 2014 2015 2016
Q1 587 785 363
461Q2
269
436
Q3
685
Q4
226
526
573
355
Quarter 2014 2015 2016
40
Q2 47 57 45
Q1 47
Q4 38 49
Q3 34 28 28
Number of Transactions
Number of Buildings Sold
Number of Units Sold
Average Sale Price per Unit
Sales Volume
MULTIFAMILY STATS
$26M$51M
$34M $42M$20M
$87M
$60M$75M $82M
$109M
$49M$62M
$156M$167M
$76M $74M
$108M$125M
$102M
$
$50.0M
$100.0M
$150.0M
$200.0M
$281K $287K
$
$50K
$100K
$150K
$200K
$250K
$300K
$350K
363461
355
0
200
400
600
800
1000
Q1 Q2 Q3 Q4
2014 2015 2016
4045
28
0
20
40
60
Q1 Q2 Q3 Q4
2014 2015 2016
39 38
24
0
10
20
30
40
50
Q1 Q2 Q3 Q4
2014 2015 2016
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Warren Lewis Sotheby’s International Realty
4 160
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
Large $225,000 -33% $250 -13% $36,000,000 2
Units
$26,580,000 19 19 83
Medium $352,455 74% $429 88% $39,475,000
Small $320,241 -2% $371 4%
3 5 112
Multifamily size Avg. price/unit Y-o-Y Avg. price/sqft Y-o-Y Sales volume Sales Buildings
Size of Multifamily Properties Sold
Average Sale Price per Square Foot
Total Sq. Ft.
232K
401K
237K
352K
128K
589K
260K
460K535K 506K
213K
507K570K 615K
261K
392K321K
407K
308K
100K
200K
300K
400K
500K
600K
700K
$290$332
$$50
$100$150$200$250$300$350$400
MULTIFAMILY SIZE
79%
13%
8%
Small
Medium
Large
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Warren Lewis Sotheby’s International Realty
No
Yes
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
$620
$200
$344
$489
$273
$224
$281
$523
$223
$580
$578
$598
$556
$542
$218
$428
$385
$435
3,390
4,104
3,200
1,568
3,360
17,103
10,108
9,880
4,049
3,372
2,952
3,140
2,952
6,880
3,040
3,375
2,876
2,016
6,006
3,240
2,250
4
4
3
3
30
17
8
9
3
3
3
3
8
3
3
3
3
6
3
4
7
Small multifamily
Small multifamily
Small multifamily
Medium multifamily
Medium multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
$820,000
$750,000
$14,200,000
$3,775,000
$2,840,000
$2,350,000
$1,950,000
$1,765,000
$1,745,000
$1,600,000
$1,500,000
$1,300,000
$1,300,000
$1,250,000
$1,250,000
$1,200,000
$1,115,000
$1,100,000
$925,000
$920,000
$900,000
9-Aug-16
7-Jul-16
6-Jul-16
25-Aug-16
15-Aug-16
1-Jul-16
11-Aug-16
13-Sep-16
11-Jul-16
4-Aug-16
17-Aug-16
13-Sep-16
14-Jul-16
21-Jul-16
4-Aug-16
21-Jul-16
12-Jul-16
24-Aug-16
19-Aug-16
13-Sep-16
25-Aug-16
968 Lincoln Pl
1321 St Johns Pl
1756 Bergen St
901 Sterling Pl
1187 Dean St
1639 St Johns Pl
1665 Sterling Pl
1473 Dean St
1549 Sterling Pl
1311-1313 Dean St
521 Eastern Pkwy
814 Lincoln Pl
121 Albany Ave
562 Park Pl
1391 St Johns Pl
594 Franklin Ave
1484 Prospect Pl
1770 Dean St
8,532
9,278
$407
$407
Yes
Yes
641 St Marks Ave
243 Troy Ave
1477 Pacific St
$407
$373
$287
24 Rogers Ave
30 Rogers Ave
7-Jul-16
7-Jul-16
$14,200,000
$14,200,000
Medium multifamily
Medium multifamily
18
18
24-Aug-16
28-Jul-16
28-Jul-16
28-Jul-16
28-Jul-16 Medium multifamily 16
Property type
Medium multifamily
Medium multifamily
Large multifamily
Large multifamily
Units
29
1692 Union St
1706 Union St
Address
90-94 Sullivan Pl
260-266 Buffalo Ave
1539 St Johns Pl
Sale date
58,960
41,055
19,400
Sale price
$21,500,000
$21,000,000
$21,000,000
$15,000,000
$15,000,000
Pkg. deal
No
Yes
Yes
Yes
Yes
Price/sqft
$458
$251
$251
$248
$248
20
63
61
Sqft
46,900
24,832
LIST OF TRANSACTIONS
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Warren Lewis Sotheby’s International Realty
