TURTLE BAY · A quarterly analysis of multifamily sales in Turtle Bay, Manhattan 4th Quarter 2016...
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6 TURTLE BAY A quarterly analysis of multifamily sales in Turtle Bay, Manhattan 4th 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 TURTLE BAY · A quarterly analysis of multifamily sales in Turtle Bay, Manhattan 4th Quarter 2016...
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TURTLE BAY
A quarterly analysis of multifamily sales
in Turtle Bay, Manhattan
4th Quarter 2016
Multifamily Market Report, 4th Quarter 2016
The RATNER Team Market Reports
o: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Warren Lewis Sotheby’s International Realty
159% YoY
AVERAGE PRICE/SQ.FT.
243% YoY
AVERAGE PRICE/UNIT
-20% YoY
NO. OF TRANSACTIONS
-37% YoY
SALES VOLUME
Multifamily Market Report, 4th Quarter 2016
Turtle Bay, Manhattan
SUMMARY
$23.1M 4 $961K $1,038
NEIGHBORHOOD BOUNDARIES
The RATNER Team Market Reports
o: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Warren Lewis Sotheby’s International Realty
4Q4 4 5
Quarter 2014 2015 2016
Q1 3 30 314
24Q2 54
Q4
151
59
-
1
2016
Q2 - 3 2
Q3 3 2 1
2Q1 1 1
Quarter
Q4 4 7 4
Q3 3 2 1
2014 2015
9
24
Quarter 2014 2015 2016
2
Q2 - 5 2
Q1 1
16
131
Q3
Number of Transactions
Number of Buildings Sold
Number of Units Sold
Average Sale Price per Unit
Sales Volume
MULTIFAMILY STATS
$78M
$8M
$86M
$17M $10M $19M $4M
$111M
$46M$14M $28M $12M
$37M
$276M
$21M $7M $23M
$
$50.0M
$100.0M
$150.0M
$200.0M
$250.0M
$300.0M
$281K
$961K
$ $200K $400K $600K $800K $1.0M $1.2M $1.4M $1.6M
314
24 9 24
0
100
200
300
400
Q1 Q2 Q3 Q4
2014 2015 2016
2 21
4
0
2
4
6
8
Q1 Q2 Q3 Q4
2014 2015 2016
2 2
1
4
0
2
4
6
Q1 Q2 Q3 Q4
2014 2015 2016
The RATNER Team Market Reports
o: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Warren Lewis Sotheby’s International Realty
0 0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
Large - - - - $0 0
Units
$15,825,000 3 3 11
Medium $557,692 257% $793 251% $7,250,000
Small $1,438,636 60% $1,209 0%
1 1 13
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.
583K
16K
428K
17K 9,312 22K 3,868
137K
40K 15K 23K 9,72092K
301K
19K 5,812 22K 100K
200K
300K
400K
500K
600K
700K
$401
$1,038
$
$200
$400
$600
$800
$1,000
$1,200
$1,400
MULTIFAMILY SIZE
75%
25%
Small
Medium
Large
The RATNER Team Market Reports
o: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Warren Lewis Sotheby’s International Realty
27-Oct-16
22-Dec-16
23-Dec-16
1-Nov-16
Property type
Medium multifamily
Small multifamily
Small multifamily
Small multifamily
Units
13
308 E 52 St
Address
244 E 46 St
312 E 52 St
973 2 Ave
Sale date
4,640
$7,250,000
$5,700,000
$5,500,000
Sale price
$4,625,000
Pkg. deal
No
No
No
No
Price/sqft
$793
$1,267
$1,185
$1,170
3
4
4
Sqft
9,145
4,500
3,952
LIST OF TRANSACTIONS
The RATNER Team Market Reports
o: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Warren Lewis Sotheby’s International Realty
