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6 P: 718-715-1758 www.PropertyShark.com [email protected] GOWANUS A quarterly analysis of multifamily sales in Gowanus, Brooklyn 1st Quarter 2019

GOWANUS - investmentrealestatenyc.com · GOWANUS A quarterly analysis of multifamily sales in Gowanus, Brooklyn 1st Quarter 2019 Multifamily Market Report, 1st Quarter 2019-22% YoY

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    P: 718-715-1758

    www.PropertyShark.com

    [email protected]

    GOWANUS

    A quarterly analysis of multifamily sales

    in Gowanus, Brooklyn

    1st Quarter 2019

    Multifamily Market Report, 1st Quarter 2019

  • -22% YoY

    AVERAGE PRICE/SQ.FT.

    -22% YoY

    AVERAGE PRICE/UNIT

    100% YoY

    NO. OF TRANSACTIONS

    173% YoY

    SALES VOLUME

    Multifamily Market Report, 1st Quarter 2019

    Gowanus, Brooklyn

    SUMMARY

    $10.M 4 $475K $564

    NEIGHBORHOOD BOUNDARIES

    P: 718-715-1758

    www.PropertyShark.com

    [email protected]

  • 3

    9

    Q3

    Q4

    24

    6

    2

    2019Quarter

    Q4

    2017 2018 2019

    4

    Q2 4 5

    Q1 2

    Q2 4 5

    Q3 6 1

    4Q1 2 2

    3 3

    Q3 6 1

    2017

    Quarter 2017 2018 2019

    Q1 6 6 21

    Q2 12521

    2018

    Quarter

    Q4 3 3

    Number of Transactions

    Number of Buildings Sold

    Number of Units Sold

    Average Sale Price per Unit

    Sales Volume

    MULTIFAMILY STATS

    $5M $8M $9M$11M $14M $9M

    $36M

    $10M$4M

    $10M $13M $6M $4M

    $93M

    $2M$7M $10M

    $

    $20.0M

    $40.0M

    $60.0M

    $80.0M

    $100.0M

    $609K$475K

    $

    $200K

    $400K

    $600K

    $800K

    $1.0M

    21

    0

    50

    100

    150

    Q1 Q2 Q3 Q4

    2017 2018 2019

    4

    0

    2

    4

    6

    8

    Q1 Q2 Q3 Q4

    2017 2018 2019

    4

    0

    2

    4

    6

    8

    Q1 Q2 Q3 Q4

    2017 2018 2019

    P: 718-715-1758

    www.PropertyShark.com

    [email protected]

  • 0

    0 0

    Multifamily size Avg. price/unit Y-o-Y Avg. price/sqft Y-o-Y Sales volume Sales Buildings Units

    $9,975,000 4 4 21

    Medium - - - - $0

    Small $475,000 -22% $564 -22%

    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.

    7,905

    26K18K 15K

    28K14K

    41K

    14K6,827 12K

    20K7,722 5,040

    109K

    2,310 7,90018K

    20K

    40K

    60K

    80K

    100K

    120K

    $725

    $564

    $

    $200

    $400

    $600

    $800

    $1,000

    MULTIFAMILY SIZE

    100%

    Small

    Medium

    Large

    P: 718-715-1758

    www.PropertyShark.com

    [email protected]

  • Pkg. deal

    No

    No

    No

    No

    Price/sqft

    $620

    $620

    $394

    $697282 Tenth St

    Address

    349 Hoyt St

    414 Fourth Ave

    187 Bond St

    Sale date

    5,200

    $3,225,000

    $3,100,000

    $2,050,000

    Sale price

    $1,600,000

    7

    7

    3

    Sqft

    5,200

    5,004

    2,295

    11-Mar-19

    1-Mar-19

    12-Mar-19

    22-Jan-19

    Property type

    Small multifamily

    Small multifamily

    Small multifamily

    Small multifamily

    Units

    4

    LIST OF TRANSACTIONS

    P: 718-715-1758

    www.PropertyShark.com

    [email protected]