FLATIRON DISTRICT - THE RATNER TEAM · Flatiron District, Manhattan SUMMARY $2.2M 18 $1,809 $1.03M...

10
6 FLATIRON DISTRICT A monthly analysis of residential sales in Flatiron District, Manhattan November 2018 Warren Lewis Sotheby's International Realty The RATNER Team Market Report o: 718-747-8215 | c: 347-501-0860 | e: [email protected]

Transcript of FLATIRON DISTRICT - THE RATNER TEAM · Flatiron District, Manhattan SUMMARY $2.2M 18 $1,809 $1.03M...

Page 1: FLATIRON DISTRICT - THE RATNER TEAM · Flatiron District, Manhattan SUMMARY $2.2M 18 $1,809 $1.03M NEIGHBORHOOD BOUNDARIES ... 1031 Qualified Intermediary Estate Planing ... Bankers

6

FLATIRON DISTRICT

A monthly analysis of residential sales

in Flatiron District, Manhattan

November 2018

Residential Market Report, November 2018Multifamily 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]

Page 2: FLATIRON DISTRICT - THE RATNER TEAM · Flatiron District, Manhattan SUMMARY $2.2M 18 $1,809 $1.03M NEIGHBORHOOD BOUNDARIES ... 1031 Qualified Intermediary Estate Planing ... Bankers

-6% YoY

MANHATTAN

MEDIAN SALE PRICE

54% YoY

MEDIAN PRICE/SQ.FT.

20% YoY

NO. OF TRANSACTIONS

46% YoY

MEDIAN SALE PRICE

Residential Market Report, November 2018

Flatiron District, Manhattan

SUMMARY

$2.2M 18 $1,809 $1.03M

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]

Page 3: FLATIRON DISTRICT - THE RATNER TEAM · Flatiron District, Manhattan SUMMARY $2.2M 18 $1,809 $1.03M NEIGHBORHOOD BOUNDARIES ... 1031 Qualified Intermediary Estate Planing ... Bankers

Year

2013

2014

2015

2016

2017

2018

Jan

14

22

20

19

20

15

Feb

17

15

19

12

14

8

Mar

19

18

17

19

15

20

Apr

23

24

22

21

27

19

May

26

20

16

18

25

15

Jun

23

38

30

14

23

25

Jul

32

33

23

19

26

12

64

19

Sep

32

26

22

15

12

12

Aug

24

21

39

20

Dec

16

13

11

15

18

11

26

16

Nov

9

18

16

15

15

18

Oct

21

19

21

Number of Transactions

Median Sale Price by Quarter

Median Sale Price by Month

RESIDENTIAL STATS

$2.2M

$

$1.0M

$2.0M

$3.0M

$4.0M

$5.0M

$6.0M

$1.8M

$

$500K

$1.0M

$1.5M

$2.0M

$2.5M

$3.0M

$3.5M

$4.0M

$4.5M

$5.0M

158

20 1915

25

1219

1216 18

0

10

20

30

40

50

60

70

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2016 2017 2018

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]

Page 4: FLATIRON DISTRICT - THE RATNER TEAM · Flatiron District, Manhattan SUMMARY $2.2M 18 $1,809 $1.03M NEIGHBORHOOD BOUNDARIES ... 1031 Qualified Intermediary Estate Planing ... Bankers

Houses -

-24% $1,510 30% 7

- - - 0

Condos $2,773,725 $1,819

Y-o-YProperty Type Median sale price Median sale price/sqft

Coops $755,000

Y-o-Y Transactions

16% -4% 11

Number of Sales by Building Type

Type of Residential Properties Sold

Median Sale Price per Square Foot

$1,809

$

$500

$1,000

$1,500

$2,000

$2,500

$3,000

RESIDENTIAL SALES BREAKDOWN

61%

39%Condos

Coops

Houses

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]

Page 5: FLATIRON DISTRICT - THE RATNER TEAM · Flatiron District, Manhattan SUMMARY $2.2M 18 $1,809 $1.03M NEIGHBORHOOD BOUNDARIES ... 1031 Qualified Intermediary Estate Planing ... Bankers

1,603

1,982

1,056

899

1,225

711

Condo

Condo

Condo

Condo

Condo

Coop

Condo

Coop

Coop

Coop

Coop

Coop

Coop

$755,000

$692,176

$594,250

$551,000

$2,900,000

$2,647,450

$2,550,000

$2,365,000

$2,200,000

$1,850,000

$1,300,000

$1,080,000

$790,000

26-Nov-18

30-Nov-18

27-Nov-18

5-Nov-18

15-Nov-18

1-Nov-18

1-Nov-18

13-Nov-18

28-Nov-18

14-Nov-18

6-Nov-18

13-Nov-18

26-Nov-18

1-00821-1357

1-00819-1304

1-00844-1202

1-00851-1091

1-00851-1313

1-00822-0045

1-00850-1351

1-00816-0031

1-00816-0031

1-00817-0029

1-00842-1002

1-00816-0031

1-00842-0007

16 W 16th St #5BS

69 Fifth Ave #RES

10 W 15th St #1408

7 E 14th St #1004

650 Avenue Of The Americas #6E

55 W 17th St #204

13 E 16th St #7

5 E 22nd St #27C

5 E 22nd St #25M

4 W 21st St #9A

280 Park Ave S #15E

10 W 15th St #510

10 W 15th St #208

Condo 1,815

23 E 22nd St #39A

1-00849-1506

26-Nov-18

$5,100,00024 E 21st St #6

$3,200,000

Address

45 E 22nd St #61A

$13,250,000

1-00849-1707 29-Nov-18254 Park Ave S #12A

4,109

BBL

1-00851-2179

1-00851-1951

20-Nov-18 Condo

SqftSale price

5-Nov-18

Sale date Property type

3,310

Condo

Condo

$19,855,875

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]

Page 6: FLATIRON DISTRICT - THE RATNER TEAM · Flatiron District, Manhattan SUMMARY $2.2M 18 $1,809 $1.03M NEIGHBORHOOD BOUNDARIES ... 1031 Qualified Intermediary Estate Planing ... Bankers

THE RATNER TEAM

Nate Pfa� Residential Sales &

Rental Specialist

Jessie TorresNYC Condo, Co-op &

New Development Expert

David Ratner Commercial & Residential

Brooklyn Expert

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 Ratner 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 & Rental of Homes, Townhouses & Brownstones

· NYC Condo Sales, Purchases & Rentals

· New Developments & Development Sites

· Commercial Property: Multifamily Buildings, Mixed Use, Office Buildings, Retail & Land

· OFF Market Investment Properties in Brooklyn and Manhattan

Read more Read moreRead more

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]

Page 7: FLATIRON DISTRICT - THE RATNER TEAM · Flatiron District, Manhattan SUMMARY $2.2M 18 $1,809 $1.03M NEIGHBORHOOD BOUNDARIES ... 1031 Qualified Intermediary Estate Planing ... Bankers

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]

Page 8: FLATIRON DISTRICT - THE RATNER TEAM · Flatiron District, Manhattan SUMMARY $2.2M 18 $1,809 $1.03M NEIGHBORHOOD BOUNDARIES ... 1031 Qualified Intermediary Estate Planing ... Bankers

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]

Page 9: FLATIRON DISTRICT - THE RATNER TEAM · Flatiron District, Manhattan SUMMARY $2.2M 18 $1,809 $1.03M NEIGHBORHOOD BOUNDARIES ... 1031 Qualified Intermediary Estate Planing ... Bankers

1031 Qualified Intermediary Estate Planing

Interior Designers Restoration SpecialistsAppraisers & Inspectors Expediters

RoofersArchitects Exterminators

Rubbish Removal CompaniesArtist & Artisans Fences & Gates Specialists

Ironwork Professionals

Kitchen & Bathroom Specialists

Landscape Design School ConsultantsAttorneys Fireplaces

Landscapers & GardenersBankers Floor & Carpet Professionals Spiritual Experts

Stair Building & Repair Specialists

Cabinets Furniture

Lighting Experts Stone & Tile ProfessionalsGarage & Driveway

Locksmith Structural EngineersGeneral Contractors

Mortgage Professionals Surveyors

Carpenters

Chimney & Fireplace Specialists

Cleaners Glass & Shower Doors

Moving & Storage Experts Title CompaniesCloset Design

Wealth ManagersCO Experts

Plumbing Contractors Window ProfessionalsDecks & Patios Specialists

Handymen

Home Automation

Specialists

Home Security Professionals Property Compliance Wine CellarsDemolition Experts

Home Stagers Property Managers Zoning & Land Use ExpertsDoor Experts

Hvac Professionals Renewable Energy SpecialistsElectricians

Insurance Agents Renovation Professionals

www.RatnerTeamVendors.com

Painters & Plasterers

Lawn & Sprinklers Experts

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]

Page 10: FLATIRON DISTRICT - THE RATNER TEAM · Flatiron District, Manhattan SUMMARY $2.2M 18 $1,809 $1.03M NEIGHBORHOOD BOUNDARIES ... 1031 Qualified Intermediary Estate Planing ... Bankers

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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]