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Marine Park/Canarsie Report
Marine Park/Canarsie
4TH QUARTER 2015
in Marine Park/Canarsie, Brooklyn
4TH QUARTER 2015
Marine Park/Canarsie Report
A quarterly analysis of multifamily sales
in Marine Park/Canarsie, Brooklyn
Brooklyn Year 2015Marine
Park/Cana Quarter 4
16 $186K
$9M 182$
2% Y-o-Y
SALES VOLUME AVERAGE PRICE/SQ. FT. NO. OF TRANSACTIONS AVERAGE PRICE/UNIT
32% Y-o-Y 23% Y-o-Y 11% Y-o-Y
Borough
Neighborhood
Multifamily Market Report, Q4 2015
Marine Park/Canarsie, Brooklyn
16 $182 $9M $186K
SUMMARY
COMMUNITY DISTRICT BOUNDARIES
2 www.propertyshark.com
Quarter
Q1
Q2
Q3
Q4
Quarter
Q1
Q2
Q3
Q4
Quarter
Q1
Q2
Q3
Q4 15
21
13
2015
6 20
2013
2014
15 13 16
2013 2014
17
2014 2015
6 20
7
14
13
11
16
8
16
2013
21
8 7 13
16 14
63 42 50
21 48
183 42 383
2015
18 135 733
38
21
1311
16
0
5
10
15
20
25
Q1 Q2 Q3 Q4
2013 2014 2015
Average Sale Price per Unit
Number of Units Sold
Number of Transactions
Number of Buildings Sold21
13
17 16
0
5
10
15
20
25
Q1 Q2 Q3 Q42013 2014 2015
733
48
383
50
0
200
400
600
800
Q1 Q2 Q3 Q4
2013 2014 2015
Sales Volume
$3 M $6 M $2 M $7 M $3 M $6 M $12 M $10 M$18 M
$4 M $7 M $7 M
$125 M
$8 M $10 M $9 M
$ M
$20 M
$40 M
$60 M
$80 M
$100 M
$120 M
$140 M
Total Sq. Ft.
17K 40K 10K 43K 15K 33K
175K65K
112K19K 45K 40K
749K
43K
311K
51K
0
100K
200K
300K
400K
500K
600K
700K
800K
$168K $186K
0
$50K
$100K
$150K
$200K
$250K
$300K
$350K
MULTIFAMILY STATS
3 www.propertyshark.com
Price Y-o-Y Price Y-o-Y
Small Small $185,830 11% $182 2% $9,291,500 16 16 50 100.0%
Medium n/a n/a n/a n/a n/a n/a n/a n/a
Large n/a n/a n/a n/a n/a n/a n/a n/a
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
51,192
n/a
n/a
Multifamily sizeAverage price per unit Average price per sq. ft. No. of
salesSales volume
No. of
buildings
No. of
unitsTotal Sq. Ft.
$179 $182
$0
$50
$100
$150
$200
$250
Small
100.0%
Average Price per Square Foot
MULTIFAMILY SIZE
Size of Multifamily Properties Sold
Number of Sold Buildings by Size
4 www.propertyshark.com
18
1 1487 E 34 St 22-Oct-15 $9,000,000 Small multifamily 3 $529,412 3,300 $544 Yes
2 1479 E 34 St 22-Oct-15 $9,000,000 Small multifamily 4 $529,412 2,480 $544 Yes
3 1269 E 69 St 27-Oct-15 $865,000 Small multifamily 3 $288,333 5,312 $163 No
4 1268 E 69 St 30-Dec-15 $830,000 Small multifamily 3 $276,667 3,562 $233 No
5 1768 Flatbush Ave 01-Dec-15 $759,000 Small multifamily 3 $253,000 2,859 $265 No
6 1770 Flatbush Ave 01-Dec-15 $759,000 Small multifamily 3 $253,000 3,288 $231 No
7 1220 E 69 St 14-Dec-15 $730,000 Small multifamily 3 $243,333 3,562 $205 No
8 1173 E 73 St 13-Oct-15 $710,000 Small multifamily 4 $177,500 3,388 $210 No
9 8902 Avenue M 22-Oct-15 $683,000 Small multifamily 3 $227,667 2,736 $250 No
10 1754 E 53 St 02-Oct-15 $630,000 Small multifamily 3 $210,000 2,684 $235 No
11 932 E 92 St 29-Oct-15 $578,000 Small multifamily 4 $144,500 2,340 $247 No
12 1373 E 87 St 05-Nov-15 $492,500 Small multifamily 3 $164,167 2,447 $201 No
13 9520 Seaview Ct 10-Nov-15 $480,000 Small multifamily 3 $160,000 2,497 $192 No
14 1274 E 73 St 09-Oct-15 $415,000 Small multifamily 3 $138,333 4,330 $96 No
15 1223 E 73 St 10-Dec-15 $390,000 Small multifamily 3 $130,000 3,496 $112 No
16 1513 E 96 St 17-Nov-15 $345,000 Small multifamily 3 $115,000 2,983 $116 No
17 1103 E 95 St 15-Oct-15 $325,000 Small multifamily 3 $108,333 2,348 $138 No
18 725 E 88 St 23-Oct-15 $300,000 Small multifamily 3 $100,000 3,360 $89 No
Address Sale date Sale price Property type Units Price per unit Sq. Ft. Price per Sq. Ft.Package
deal
LIST OF TRANSACTIONS
5 www.propertyshark.com
