UPPER EAST SIDEtheratnerteam.weebly.com/.../7/...manhattan_2016_3.pdf · A quarterly analysis of...
5
6 P: 718-715-1758 www.PropertyShark.com [email protected] UPPER EAST SIDE A quarterly analysis of multifamily sales in Upper East Side, Manhattan 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 UPPER EAST SIDEtheratnerteam.weebly.com/.../7/...manhattan_2016_3.pdf · A quarterly analysis of...
6
P: 718-715-1758
www.PropertyShark.com
UPPER EAST SIDE
A quarterly analysis of multifamily sales
in Upper East Side, Manhattan
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
-9% YoY
AVERAGE PRICE/SQ.FT.
-17% YoY
AVERAGE PRICE/UNIT
-49% YoY
NO. OF TRANSACTIONS
-58% YoY
SALES VOLUME
Multifamily Market Report, 3rd Quarter 2016
Upper East Side, Manhattan
SUMMARY
$215.4M 19 $533K $895
NEIGHBORHOOD BOUNDARIES
P: 718-715-1758
www.PropertyShark.com
The RATNER Team Market Reports
o: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Warren Lewis Sotheby’s International Realty
370
Quarter 2014 2015 2016
11
Q2 24 19 10
Q1 23
Q4 14 20
Q3 24 39 20
792
265
Q3
440
Q4
1563
406
563
Quarter 2014 2015 2016
Q1 309 642 495
382Q2
27
2016
Q2 21 18 8
Q3 24 37 19
11Q1 22 21
Quarter 2014 2015
Q4 13 20
Number of Transactions
Number of Buildings Sold
Number of Units Sold
Average Sale Price per Unit
Sales Volume
MULTIFAMILY STATS
$87M $63M
$247M
$447M
$55M
$369M
$120M
$405M$278M
$365M
$1,018M
$401M $407M$285M
$509M
$270M$397M
$264M$215M
$
$200.0M
$400.0M
$600.0M
$800.0M
$1,000.0M
$1,200.0M
$643K$533K
$
$200K
$400K
$600K
$800K
$1.0M
$1.2M
$1.4M
495 382 370
0
500
1000
1500
2000
Q1 Q2 Q3 Q4
2014 2015 2016
11 10
20
0
10
20
30
40
50
Q1 Q2 Q3 Q4
2014 2015 2016
118
19
0
10
20
30
40
Q1 Q2 Q3 Q4
2014 2015 2016
P: 718-715-1758
www.PropertyShark.com
The RATNER Team Market Reports
o: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Warren Lewis Sotheby’s International Realty
17 358
Multifamily size Avg. price/unit Y-o-Y Avg. price/sqft Y-o-Y Sales volume Sales Buildings Units
$26,775,000 3 2 12
Medium $526,789 -10% $937 -8% $188,590,366
Small $714,583 -43% $680 -50%
16
0 0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
Large - - - - $0 0
Size of Multifamily Properties Sold
Average Sale Price per Square Foot
Total Sq. Ft.
152K 87K
322K
1.1M
75K
655K
112K
419K273K
406K
1.4M
335K 294K 342K519K
180K
489K372K
241K
200K 400K 600K 800K 1.0M 1.2M 1.4M 1.6M
$982 $895
$$200$400$600$800
$1,000$1,200$1,400$1,600
MULTIFAMILY SIZE
16%
84%
Small
Medium
Large
P: 718-715-1758
www.PropertyShark.com
The RATNER Team Market Reports
o: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Warren Lewis Sotheby’s International Realty
No
No
No
No
No
No
No
$820
$760
$792
$801
$1,062
$716
$106
10,060
9,630
8,870
8,395
5,815
8,145
22,591
20
15
15
20
4
17
8
Medium multifamily
Medium multifamily
Medium multifamily
Medium multifamily
Small multifamily
Medium multifamily
Small multifamily
$8,250,000
$7,314,907
$7,025,000
$6,724,154
$6,175,000
$5,828,969
$2,400,000
3-Aug-16
22-Sep-16
10-Aug-16
22-Sep-16
7-Sep-16
22-Sep-16
13-Jul-16
341 E 65 St
512 E 81 St
405 E 90 St
484 E 74 St
418 E 84 St
528 E 85 St
35 East 63 Street #RU
$15,000,000
$11,850,000
Pkg. deal
No
No
No
No
No
Price/sqft
$898
$1,053
$1,663
$2,470
$1,001
42
1
17
Sqft
42,857
21,640
6,074
11,838
Sale price
10,946
$38,500,000
$22,795,500
$18,200,000
1291 3 Ave
225 E 82 St
Address
118 E 93 St
1771-1775 1 Ave
1495 3 Ave
Sale date
21-Jul-16
22-Sep-16
26-Sep-16
7-Sep-16
11-Aug-16 Medium multifamily 27
Property type
Medium multifamily
Medium multifamily
Small multifamily
Medium multifamily
Units
38
7,000
6,004
$861
$861
Yes
Yes
206 E 81 St
306 E 78 St
351 E 82 St
$846
$1,170
$728
414 E 78 St
416 E 78 St
15-Sep-16
15-Sep-16
$11,200,000
$11,200,000
Medium multifamily
Medium multifamily
16
16
28-Jul-16
29-Aug-16
22-Sep-16
22-Sep-16
22-Sep-16
3-Aug-16
223 E 74 St
218 E 74 St
343 E 65 St
Medium multifamily
Medium multifamily
Medium multifamily
Medium multifamily
Medium multifamily
Medium multifamily
$11,000,000
$9,300,000
$8,551,836
$8,500,000
$8,500,000
$8,250,000
13,000
7,952
11,748
8,800
9,150
10,060
24
15
26
15
15
20
No
No
No
No
No
No
$966
$929
$820
LIST OF TRANSACTIONS
P: 718-715-1758
www.PropertyShark.com
The RATNER Team Market Reports
o: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Warren Lewis Sotheby’s International Realty
