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MORRIS PARK A quarterly analysis of multifamily sales in Morris Park, Bronx 2nd Quarter 2016
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Multifamily Market Report, 2nd Quarter 2016
Multifamily Market Report, 2nd Quarter 2016 Morris Park, Bronx
SUMMARY SALES VOLUME
NO. OF TRANSACTIONS
AVERAGE PRICE/UNIT
AVERAGE PRICE/SQ.FT.
$4.8M
6
$193K
$210
-
-
-
-
NEIGHBORHOOD BOUNDARIES
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MULTIFAMILY STATS Sales Volume $25.0M
$24M
$20.0M
$14M
$15.0M $10.0M $2M
$5.0M
$2M
$4M
$5M
$2M
$3M
$3M
$4M
$2M
$5M
$3M
$558K
$2M
$5M
$
Average Sale Price per Unit $250K $200K
$193K
$183K
$150K $100K $50K $
200
Number of Units Sold Quarter Q1 Q2 Q3 Q4
2014 134 15 41 35
2015 14 151 3
150
2016 16 25
100 50
25
16
0 Q1
Q2
Q3
2014
Number of Buildings Sold Quarter Q1 Q2 Q3 Q4
2014 7 4 6 10
2015 3 4 1
2016 4 6
2015
10
6
4
5 0 Q1
Q2
Q3
2015 3 4 1
2015
Q4
2016
15
Number of Transactions 2014 7 4 6 10
2016
15
2014
Quarter Q1 Q2 Q3 Q4
Q4
2016 4 6
10
6
4
5 0 Q1
Q2 2014
Q3 2015
2016
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Q4
Total Sq. Ft. 200K
159K
153K
150K 100K 50K
12K
10K
26K
24K
13K
15K
21K
13K
26K
32K
13K
2,592
13K
23K
Average Sale Price per Square Foot $250 $200
$210
$197
$150 $100 $50 $
MULTIFAMILY SIZE
Size of Multifamily Properties Sold Multifamily size Small Medium Large
Avg. price/unit $192,958 -
Y-o-Y -
Avg. price/sqft $210 -
Y-o-Y -
Sales volume $4,823,950 $0 $0
Sales 6 0 0
Buildings 6 0 0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
Small Medium Large
100%
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Units 25 0 0
LIST OF TRANSACTIONS Address 1057 Morris Park Ave 2032-2036 Lurting Ave 1651 Tomlinson Ave 1004 Rhinelander Ave 1713 Radcliff Ave 1567 Yates Ave
Sale date 5-May-16 21-Jun-16 7-Apr-16 14-Apr-16 26-May-16 5-May-16
Sale price $1,030,000 $1,000,000 $999,950 $759,000 $585,000 $450,000
Property type Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily Small multifamily
Units 5 6 3 4 3 4
Sqft 4,347 5,593 3,506 3,520 3,232 2,728
Price/sqft $237 $179 $285 $216 $181 $165
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Pkg. deal No No Yes No No No