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UPPER WEST SIDE
A quarterly analysis of multifamily sales
in Upper West Side, Manhattan
1st Quarter 2019
Multifamily Market Report, 1st Quarter 2019Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
-3% YoY
AVERAGE PRICE/SQ.FT.
22% YoY
AVERAGE PRICE/UNIT
25% YoY
NO. OF TRANSACTIONS
-29% YoY
SALES VOLUME
Multifamily Market Report, 1st Quarter 2019
Upper West Side, Manhattan
SUMMARY
$24.1M 5 $633K $811
NEIGHBORHOOD BOUNDARIES
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
227
455
Q3
Q4
37
18
5
2019Quarter
Q4
2017 2018 2019
5
Q2 10 11
Q1 10
Q2 10 11
Q3 5 9
5Q1 10 4
4 12
Q3 5 12
2017
Quarter 2017 2018 2019
Q1 102 65 38
Q2 13489
2018
Quarter
Q4 4 9
Number of Transactions
Number of Buildings Sold
Number of Units Sold
Average Sale Price per Unit
Sales Volume
MULTIFAMILY STATS
$58M$101M $104M
$15M
$77M $72M $90M
$279M
$85M$57M
$27M $24M $34M
$87M
$137M
$312M
$24M
$
$50.0M
$100.0M
$150.0M
$200.0M
$250.0M
$300.0M
$350.0M
$520K$633K
$
$200K
$400K
$600K
$800K
$1.0M
$1.2M
$1.4M
38
0
100
200
300
400
500
Q1 Q2 Q3 Q4
2017 2018 2019
5
0
5
10
15
Q1 Q2 Q3 Q4
2017 2018 2019
5
0
5
10
15
Q1 Q2 Q3 Q4
2017 2018 2019
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
0
1 10
Multifamily size Avg. price/unit Y-o-Y Avg. price/sqft Y-o-Y Sales volume Sales Buildings Units
$20,995,400 4 4 28
Medium $305,000 -30% $496 -43% $3,050,000
Small $749,836 11% $893 11%
1
- - $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.
66K123K 120K
16K
184K
69K 76K
284K
89K 65K24K 19K 40K
115K
211K
401K
30K 100K
200K
300K
400K
500K
$838 $811
$
$200
$400
$600
$800
$1,000
$1,200
$1,400
MULTIFAMILY SIZE
80%
20%
Small
Medium
Large
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Pkg. deal
No
No
No
No
Price/sqft
$786
$1,266
$818
$882256 W 75th St
Address
213 W 85th St
123 W 82nd St
788 W End Ave
Sale date
4,734
$8,250,000
$5,200,000
$3,870,400
Sale price
$3,675,000
6
6
9
Sqft
10,500
4,108
4,166
No$4966,15410Medium multifamily$3,050,00020-Feb-19317 W 108th St
15-Feb-19
20-Mar-19
8-Mar-19
26-Feb-19
Property type
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Units
7
LIST OF TRANSACTIONS
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
T E R TNER TE
Jessie TorresNYC Condo, Co-op &
New Development Expert
David atner Commercial & esidential
Brooklyn xpert
Meet the power team for assisting you in selling, buying, renting, and investing in NYC real
estate
Connect with the leading team for selling, buying, and investing in NYC real estate
The atner Team at Warren Lewis Sotheby's International are your personal NYC real estate
contacts for getting what you want most out of your next transaction.
Sales & ental of Homes, Townhouses & Brownstones
NYC Condo Sales, urchases & entals
New Developments & Development Sites
Commercial roperty Multifamily Buildings, Mixed se, ffice Buildings, etail & Land
FF Market Investment roperties in Brooklyn and Manhattan
ead more ead moreead more
Eiffel DelRosarioResidential Sales &
Rentals Specialist
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
C L I E N T R E V I E W S"I asked David & his Team to find a tenant for my building. Could not have asked for a more
professional and effective service.” Joseph Fellner
"David, I can't express enough how grateful I am for all your hard work with selling my Cobble
Hill Townhouse! You did an amazing job and achieved a record that I didn't even expect, to be
honest. From now own any real estate related work is yours. Keep up the good work and I am
looking forward working with you again! “ David.K
"David & his Team was incredibly professional and responsive throughout our apartment search
process. He responded to emails promptly and ensured we felt secure about the lease and
apartment. Can't recommend him highly enough. “ Grace. G
"It was a pleasure working with Dave & his Team. Very professional, knowledgable and kept us
informed throughout the proccess. We have used their services before and will do so again in
the future. Halina and Jack (Local Landlords)”
"First and foremost, David is a good guy to deal with. More often then not, it's hard to find a
realtor who's easy going. David is professional, diligent and a good listener. He also doesn't BS.
He tells it like it is when he's creating a strategy for you, yet a smooth-talker with the landlords.
The bottom line is, he has your best interests in mind because he knows that a happy client is a
repeat client- and that will definitely be the case with me.” Spencer Zabiela
"David just recently landed me an amazing place in NYC. I was under a very limited amount of
time to find a new home and David was able to find me an awesome new apartment for a
great price and in an ideal location for work. The man knows how operate in times of pressure
and I'm proud to call him my friend after going through the moving process with him. The man
is honestly among the best of the best in the industry and I'd highly recommend him to anybody
who is serious about finding the right home. “ Tyler Clinton
READ MORE REVIEWS
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
1031 Qualified Intermediary Estate Planing
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Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
THE BROOKLYN MADE SHOWrom T e Ratner Team t s s t e roo n ade odcast a s ow a o troo n rea estate entre rene rs s nesses and t e ro ess ona s e ndone o t e ottest rea estate mar ets n t e wor d.
T e roo n ade ow s a one sto s o or an one nterested n ewor Rea state ntre rene rs and s ness. n t e s ow o earna a e ns ts rom ew or s nd str eaders.
tate to date w t t e atest oca rea estate and s ness news. o owmar et trends sten to e c t n oca stor es and m c more
ac mont o r s ow w eat re oca entre rene rs ro ess ona s and reaestate e erts t at we are ea er or o to meet.
www. roo n ade. o odcast
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
O U R P R E F E R R E D V E N D O R S
SPARTAN RENOVATIONS
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
