EAST NEW YORK - THE RATNER TEAM€¦ · 6 EAST NEW YORK A quarterly analysis of multifamily sales...
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6 EAST NEW YORK A quarterly analysis of multifamily sales in East New York, Brooklyn 1st Quarter 2019 Warren Lewis Sotheby's International Realty The RATNER Team Market Report o: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Transcript of EAST NEW YORK - THE RATNER TEAM€¦ · 6 EAST NEW YORK A quarterly analysis of multifamily sales...
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EAST NEW YORK
A quarterly analysis of multifamily sales
in East New York, Brooklyn
1st Quarter 2019
Multifamily Market Report, 1st Quarter 2019Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
3% YoY
AVERAGE PRICE/SQ.FT.
-3% YoY
AVERAGE PRICE/UNIT
7% YoY
NO. OF TRANSACTIONS
-18% YoY
SALES VOLUME
Multifamily Market Report, 1st Quarter 2019
East New York, Brooklyn
SUMMARY
$33.7M 45 $197K $241
NEIGHBORHOOD BOUNDARIES
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
183
182
Q3
Q4
211
153
44
2019Quarter
Q4
2017 2018 2019
45
Q2 52 55
Q1 49
Q2 51 51
Q3 38 42
45Q1 49 42
43 46
Q3 39 42
2017
Quarter 2017 2018 2019
Q1 212 201 171
Q2 7947203
2018
Quarter
Q4 43 46
Number of Transactions
Number of Buildings Sold
Number of Units Sold
Average Sale Price per Unit
Sales Volume
MULTIFAMILY STATS
$52M $47M $46M $57M $29M $45M $31M $35M $34M $37M $37M $28M $41M
$911M
$36M $35M $34M
$
$200.0M
$400.0M
$600.0M
$800.0M
$1,000.0M
$204K $197K
$
$50K
$100K
$150K
$200K
$250K
171
0
2000
4000
6000
8000
10000
Q1 Q2 Q3 Q4
2017 2018 2019
45
0
20
40
60
Q1 Q2 Q3 Q4
2017 2018 2019
45
0
20
40
60
Q1 Q2 Q3 Q4
2017 2018 2019
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
0
0 0
Multifamily size Avg. price/unit Y-o-Y Avg. price/sqft Y-o-Y Sales volume Sales Buildings Units
$33,711,734 45 45 171
Medium - - - - $0
Small $197,145 -9% $241 -5%
0
- - $0 0 0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
Large - -
Size of Multifamily Properties Sold
Average Sale Price per Square Foot
Total Sq. Ft.
298K 284K 265K 502K 154K 227K 157K 171K 185K 171K 172K 126K 176K
7.3M
146K 154K 140K 1.0M 2.0M 3.0M 4.0M 5.0M 6.0M 7.0M 8.0M
$234 $241
$
$50
$100
$150
$200
$250
$300
MULTIFAMILY SIZE
100%
Small
Medium
Large
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
$231
$117
$98
$164
$81
$226
$179
$180
$174
$186
$249
$252
$300
$187
$227
$251
$231
$146
$169
$222
$208
$349
$79
3,000
3,588
2,032
2,360
3,312
2,784
2,895
4,440
3,840
2,880
2,961
1,760
7,800
2,700
3,300
3,060
3,162
2,964
2,168
1,992
1,600
2,400
1,728
3
3
3
3
3
3
3
6
8
3
3
3
3
3
3
3
3
3
3
3
4
3
3
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
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Small multifamily
$350,000
$350,000
$333,000
$190,000
$751,000
$699,000
$670,000
$650,000
$650,000
$639,806
$615,000
$615,000
$615,000
$610,000
$590,000
$550,000
$550,000
$550,000
$539,928
$502,000
$480,000
$448,000
$400,000
15-Mar-19
4-Feb-19
28-Feb-19
17-Jan-19
30-Jan-19
10-Jan-19
12-Feb-19
22-Feb-19
13-Feb-19
1-Feb-19
28-Mar-19
25-Jan-19
17-Jan-19
14-Mar-19
7-Jan-19
25-Feb-19
19-Mar-19
19-Mar-19
28-Jan-19
27-Mar-19
2-Jan-19
10-Jan-19
16-Jan-19
246 Cleveland St
534 Vermont St
593 Wyona St
972 Dumont Ave
576 Miller Ave
356 Miller Ave
3124 Fulton St
295 Schenck Ave
305 Sheffield Ave
1417 Stanley Ave
1262 Blake Ave
731 New Jersey Ave
85 Louisiana Ave
705 Linwood St
349 Etna St
428 Ashford St
353 De Witt Ave
1246 Blake Ave
15 Norwood Ave
331 Shepherd Ave
448 Sapphire St
606 Jerome St
289 Arlington Ave
$461
$332
$233
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
$245
$326
$256
$301
$340
$331
$346
$256
$262
3
3
4
3,240
2,565
2,964
3,750
2,700
3,360
2,820
2,496
2,520
2,400
3,120
3,000
1,692
2,320
3,280
5
3
4
3
3
3
3
6
3
$780,000
$770,000
$765,000
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
$920,000
$880,000
$860,000
$850,000
$849,000
$835,000
$830,000
$800,000
$785,000
779 New Jersey Ave
225 Grant Ave
754 Snediker Ave
14-Jan-19
15-Mar-19
25-Mar-19
12-Mar-19
1-Feb-19
25-Feb-19
15-Mar-19
14-Jan-19
10-Jan-19
21-Mar-19
8-Jan-19
28-Feb-19
18-Jan-19
12-Mar-19
15-Jan-19
2227 Pitkin Ave
304 Bradford St
591 Euclid Ave
752 Glenmore Ave
499 New Jersey Ave
696 Bradford St
127 Ridgewood Ave
564 Williams Ave
508 New Jersey Ave
3,800
3,510
$261
$278
No
No
3350 Fulton St
156 Norwood Ave
447 Amber St
$970,000
$960,000
$925,000
5
3
3
$299
$374
$312
322 Milford St
627 Blake Ave
21-Feb-19
28-Mar-19
$990,000
$975,000
Small multifamily
Small multifamily
6
6
Pkg. deal
No
No
No
No
Price/sqft
$343
$277
$401
$244740 Miller Ave
Address
3225 Fulton St
3441 Fulton St
3218 Fulton St
Sale date
3,120
$1,710,000
$1,400,000
$1,250,000
Sale price
$1,200,000
8
3
6
Sqft
4,992
5,046
4,920
No$3153,3604Small multifamily$1,060,00027-Mar-19678 Wyona St
26-Mar-19
28-Jan-19
22-Jan-19
27-Feb-19
Property type
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Units
6
LIST OF TRANSACTIONS
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
T E R TNER TE
Jessie TorresNYC Condo, Co-op &
New Development Expert
David atner Commercial & esidential
Brooklyn xpert
Meet the power team for assisting you in selling, buying, renting, and investing in NYC real
estate
Connect with the leading team for selling, buying, and investing in NYC real estate
The atner Team at Warren Lewis Sotheby's International are your personal NYC real estate
contacts for getting what you want most out of your next transaction.
Sales & ental of Homes, Townhouses & Brownstones
NYC Condo Sales, urchases & entals
New Developments & Development Sites
Commercial roperty Multifamily Buildings, Mixed se, ffice Buildings, etail & Land
FF Market Investment roperties in Brooklyn and Manhattan
ead more ead moreead more
Eiffel DelRosarioResidential Sales &
Rentals Specialist
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
C L I E N T R E V I E W S"I asked David & his Team to find a tenant for my building. Could not have asked for a more
professional and effective service.” Joseph Fellner
"David, I can't express enough how grateful I am for all your hard work with selling my Cobble
Hill Townhouse! You did an amazing job and achieved a record that I didn't even expect, to be
honest. From now own any real estate related work is yours. Keep up the good work and I am
looking forward working with you again! “ David.K
"David & his Team was incredibly professional and responsive throughout our apartment search
process. He responded to emails promptly and ensured we felt secure about the lease and
apartment. Can't recommend him highly enough. “ Grace. G
"It was a pleasure working with Dave & his Team. Very professional, knowledgable and kept us
informed throughout the proccess. We have used their services before and will do so again in
the future. Halina and Jack (Local Landlords)”
"First and foremost, David is a good guy to deal with. More often then not, it's hard to find a
realtor who's easy going. David is professional, diligent and a good listener. He also doesn't BS.
He tells it like it is when he's creating a strategy for you, yet a smooth-talker with the landlords.
The bottom line is, he has your best interests in mind because he knows that a happy client is a
repeat client- and that will definitely be the case with me.” Spencer Zabiela
"David just recently landed me an amazing place in NYC. I was under a very limited amount of
time to find a new home and David was able to find me an awesome new apartment for a
great price and in an ideal location for work. The man knows how operate in times of pressure
and I'm proud to call him my friend after going through the moving process with him. The man
is honestly among the best of the best in the industry and I'd highly recommend him to anybody
who is serious about finding the right home. “ Tyler Clinton
READ MORE REVIEWS
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
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THE BROOKLYN MADE SHOWrom T e Ratner Team t s s t e roo n ade odcast a s ow a o troo n rea estate entre rene rs s nesses and t e ro ess ona s e ndone o t e ottest rea estate mar ets n t e wor d.
T e roo n ade ow s a one sto s o or an one nterested n ewor Rea state ntre rene rs and s ness. n t e s ow o earna a e ns ts rom ew or s nd str eaders.
tate to date w t t e atest oca rea estate and s ness news. o owmar et trends sten to e c t n oca stor es and m c more
ac mont o r s ow w eat re oca entre rene rs ro ess ona s and reaestate e erts t at we are ea er or o to meet.
www. roo n ade. o odcast
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
O U R P R E F E R R E D V E N D O R S
SPARTAN RENOVATIONS
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
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