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P: 718-715-1758
www.PropertyShark.com
QUEENS
A quarterly analysis of retail spaces sales
in Queens
1st Quarter 2016
Retail Market Report, 1st Quarter 2016
Average Sale Price per Square Foot
Sales Volume
8% YoY
TOTAL SQ.FT.
-5% YoY
AVERAGE PRICE/SQ.FT.
4% YoY
NO. OF TRANSACTIONS
3% YoY
SALES VOLUME
Retail Market Report, 1st Quarter 2016
Queens
SUMMARY
$189M 52 $480 389K
RETAIL SPACES STATS
$38M $53M$111M
$180M
$62M$104M $78M
$149M
$75M
$151M$213M $191M $184M
$238M
$537M
$152M$189M
$
$100.0M
$200.0M
$300.0M
$400.0M
$500.0M
$600.0M
$503 $480
$
$100
$200
$300
$400
$500
$600
$700
P: 718-715-1758
www.PropertyShark.com
Southern Queens $128 -$2,294,000 - 17,936 - 4 -
Quarter
Q1
Q2
Q3
Q4
2014
44
42
49
55
2015
50
49
49
49
2016
52
$326
$322
$817
$731
$523$4,625,000
Northeastern Queens
Sales volume
$45,616,213
$37,918,150
$35,312,397
$23,511,000
$21,800,000
$18,090,000
Neighborhood
Flushing
Howard Beach
Southeastern Queens
Y-o-Y
416%
177%
64%
-52%
-12%
-55%
-63%
47%
Y-o-Y
-13%
212%
-11%
Y-o-Y
75%
0%
36%
-52%
0%
Sales
7
4
15
10
3
40%
0%
7
28,839-76%
24,753
Long Island City -35%
-41%
Total sq.ft.
78,723
56,259
103,836
72,082
26,668Astoria
-44%
174%
-73%
142%
Northwestern Queens
Y-o-Y
347%
762%
52%
Avg. price/sqft
$579
$674
Number of Transactions
Total Sq. Ft.
139K208K
280K
544K
207K271K 216K
297K202K 261K
469K 498K360K
494K
1.1M
395K 389K
200K
400K
600K
800K
1.0M
1.2M
52
0
10
20
30
40
50
60
Q1 Q2 Q3 Q4
STATS BY NEIGHBORHOODS
13%
8%
29%
19%
6%
13%
4%8%
No. of transactionsFlushing
Howard Beach
Southeastern Queens
Northwestern Queens
Astoria
Northeastern Queens
Long Island City
Southern Queens
P: 718-715-1758
www.PropertyShark.com
No
No
Yes
Yes
Yes
Yes
No
No
No
No
No
No
No
No
No
No
6,375
2,772
1,020
960
1,020
960
720
$675
$322
$382
$691
$213
$290
$284
$660
$234
$128
$276
$183
$183
$183
$183
$733
2,415
4,962
4,140
1,937
6,100
4,480
3,875
1,530
3,630
14-Jan-16
29-Feb-16
16-Mar-16
16-Mar-16
16-Mar-16
16-Mar-16
15-Jan-16
$1,630,000
$1,596,888
$1,580,000
$1,339,325
$1,300,000
$1,300,000
$1,100,000
$1,010,000
$850,000
$819,000
$765,000
$725,000
$725,000
$725,000
$725,000
$527,612
15-Jan-16
5-Feb-16
22-Jan-16
10-Mar-16
12-Jan-16
11-Mar-16
16-Mar-16
29-Jan-16
27-Jan-16
Southern Queens
Southeastern Queens
Southern Queens
Southern Queens
Southern Queens
Southern Queens
Southeastern Queens
8786-8788 Parsons Blvd
13510 35 Avenue #1A
8335 Broadway
4059 College Point Blvd #CF-2A
3237 Greenpoint Ave
10202 Liberty Ave
552 Grandview Ave
7505 Parsons Blvd
6929 45 Ave
289 Beach 14 St
11207-11211 Jamaica Ave
1320 Central Ave
1326 Central Ave
1322 Central Ave
1324 Central Ave
14443 Farmers Blvd
Southeastern Queens
Flushing
Northwestern Queens
Flushing
Northwestern Queens
Howard Beach
Northwestern Queens
Northeastern Queens
Northwestern Queens
Neighborhood
Flushing
Howard Beach
Sale price
$13,750,000
$12,618,150
Pkg. dealSqft
21,400
9,724
23,700
Price/sqft
$643
$1,298
$527Howard Beach
Address
15901 Northern Blvd
16320-16326 Cross Bay Blvd
16010 Cross Bay Blvd
Sale date
15-Mar-16
2-Feb-16
18-Mar-16
Northeastern Queens
Flushing
Southeastern Queens
Southeastern Queens
Northwestern Queens
Northwestern Queens
No
Yes
No
Astoria
Flushing
Howard Beach
$1,115
$637
$628
$12,480,000
Flushing
Southeastern Queens
Flushing
Flushing
Northeastern Queens
Astoria
Northwestern Queens
Northwestern Queens
Northwestern Queens
Northwestern Queens
Northwestern Queens
Astoria
Northwestern Queens
Northwestern Queens
Southeastern Queens
Northwestern Queens
Astoria
Southeastern Queens
Northeastern Queens
Long Island City
Long Island City
Southeastern Queens
6314 Queens Boulevard #COMM4
6314 Queens Boulevard #COMM1
9727 57 Ave
2119 31 St
15716-15726 Northern Blvd
160 Cross Bay Blvd
21901-21909 Northern Blvd
15702-15712 Northern Blvd
17005 Linden Blvd
23102-23110 Merrick Blvd
6314 Queens Boulevard #COMM3
14-Jan-16
10-Feb-16
22-Mar-16
12-Feb-16
19503-19511 Jamaica Ave
10319 Metropolitan Ave
9532 Queens Blvd
9222-9226 Guy R Brewer Blvd
3909 104 St
2107 31 St
2101 31 St
13203 Jamaica Ave
18603 Union Tpke
1101 11 St
4355 11 St
4611 Broadway
13651 37 Ave
20822 Jamaica Ave
14944 41 Ave
14946 41 Ave
14919 Union Tpke
6314 Queens Boulevard #COMM2
6314 Queens Boulevard #COMM5
6314 Queens Boulevard #COMM6
2-Mar-16
22-Jan-16
8-Jan-16
27-Jan-16
13-Jan-16
13-Jan-16
15-Mar-16
15-Jan-16
13-Jan-16
$12,050,000
$11,800,000
$11,520,000
$9,350,000
$8,330,000
$7,172,361
4-Jan-16
25-Jan-16
1-Mar-16
21-Jan-16
3-Feb-16
21-Mar-16
4-Feb-16
6-Jan-16
6-Jan-16
24-Mar-16
24-Mar-16
24-Mar-16
24-Mar-16
24-Mar-16
24-Mar-16
13-Jan-16
14-Mar-16
18-Mar-16
$6,600,000
$6,200,000
$5,750,000
$4,600,000
$4,508,000
$4,200,000
$6,690,000
$6,600,000
$6,600,000
$6,600,000
$6,600,000
$6,600,000
$1,695,000
$2,400,000
$2,225,000
$2,225,000
$1,970,000
$1,750,000
$1,700,000
$4,200,000
$4,100,000
$4,000,000
$4,000,000
$3,300,000
$2,500,000
13,572
9,900
3,963
3,073
2,591
1,634
10,810
18,512
18,355
9,778
15,600
$676
$409
$409
9,300
3,055
3,100
4,950
3,889
11,325
7,200
2,600
5,578
5,694
6,470
4,750
4,750
5,400
3,917
948
22,930
6,358
5,040
34,800
$673
$183
$555
$421
$611
$806
$485
$572
$196
No
No
No
No
No
No
No
Yes
$274
$913
$130
$373
$373
$634
$421
$409
$409
$409
$409
$270
$904
$956
$534
$528
Yes
No
No
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
No
No
No
No
No
No
Yes
Yes
No
No
No
No
LIST OF TRANSACTIONS
P: 718-715-1758
www.PropertyShark.com
Yes
No
No
No
No
No
No
No
2,260
2,240
1,855
970
5,341
912
276
2,426
$199
$179
$199
$320
$56
$302
$978
$81
12-Feb-16
13-Jan-16
20-Jan-16
13-Jan-16
11-Feb-16
25-Feb-16
27-Jan-16
29-Feb-16
$450,000
$400,000
$370,000
$310,000
$300,000
$275,000
$270,000
$196,000
Southern Queens
Southeastern Queens
Northeastern Queens
Northeastern Queens
Southern Queens
Southeastern Queens
Northwestern Queens
Northwestern Queens
6603 Beach Channel Dr
18731 Linden Blvd
24027 Braddock Ave
24761 Jericho Tpke
1316 Beach Channel Dr
19218 Linden Blvd
5502 108 St
8512 Queens Blvd
No
No
$450,000
$450,000
Sqft
2,080
1,050
2,040
Price/sqft
$216
$429
$221
Northeastern Queens
Southeastern Queens
Address
12115 Jamaica Ave
14522 14 Ave
12117 Jamaica Ave
Sale date
20-Jan-16
1-Feb-16
20-Jan-16
Neighborhood
Southeastern Queens
Sale price
$450,000
Pkg. deal
No
P: 718-715-1758
www.PropertyShark.com
