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MANHATTANVILLE
A quarterly analysis of multifamily sales
in Manhattanville, Manhattan
2nd Quarter 2016
Multifamily Market Report, 2nd Quarter 2016
The RATNER Team Market Reports
o: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Warren Lewis Sotheby’s International Realty
-37% YoY
AVERAGE PRICE/SQ.FT.
-42% YoY
AVERAGE PRICE/UNIT
100% YoY
NO. OF TRANSACTIONS
175% YoY
SALES VOLUME
Multifamily Market Report, 2nd Quarter 2016
Manhattanville, Manhattan
SUMMARY
$38.4M 4 $128K $200
NEIGHBORHOOD BOUNDARIES
The RATNER Team Market Reports
o: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Warren Lewis Sotheby’s International Realty
Q4 - 1
2016
Q2 3 2 4
Q3 1 1
4Q1 - 3
Quarter 2014 2015
6
Q2 4 2 4
Q1 -
Q4 - 1
Q3 1 1
3
Quarter 2014 2015 2016
Q1 - 88 95
301
Quarter 2014 2015 2016
Q2
19
15
Q3
64
Q4
10
-
60
Number of Transactions
Number of Buildings Sold
Number of Units Sold
Average Sale Price per Unit
Sales Volume
MULTIFAMILY STATS
$21M$17M
$23M$19M
$4M
$11M
$34M
$14M
$823K
$26M
$14M$9M $6M
$45M$38M
$
$10.0M
$20.0M
$30.0M
$40.0M
$50.0M
$219K
$128K
$
$100K
$200K
$300K
$400K
$500K
$600K
95
301
0
100
200
300
400
Q1 Q2 Q3 Q4
2014 2015 2016
6
4
0
2
4
6
8
Q1 Q2 Q3 Q4
2014 2015 2016
4 4
0
1
2
3
4
5
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
2 247
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
2 2 54
Large $86,578 - $138 - $21,384,796 2
Units
$0 0 0 0
Medium $315,926 44% $455 43% $17,060,000
Small - - - -
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.
166K149K
123K 134K
19K 21K
115K
46K
1,850
65K44K
16K 10K
77K
193K
50K
100K
150K
200K
250K
$318
$200
$
$100
$200
$300
$400
$500
$600
$700
MULTIFAMILY SIZE
50%50%
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
507 W 134 St
Address
614-616 W 135 St
102-104 Convent Ave
622 W 135 St
Sale date
30-Jun-16
26-May-16
30-Jun-16
16-Jun-16
Property type
Large multifamily
Medium multifamily
Large multifamily
Medium multifamily
Units
187
34
60
20
Sqft
106,456
24,465
48,620
13,040
Sale price
$14,408,395
$11,000,000
$6,976,401
$6,060,000
Pkg. deal
No
No
No
No
Price/sqft
$135
$450
$143
$465
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
