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GOWANUS
A quarterly analysis of multifamily sales
in Gowanus, Brooklyn
1st Quarter 2019
Multifamily Market Report, 1st Quarter 2019
-
-22% YoY
AVERAGE PRICE/SQ.FT.
-22% YoY
AVERAGE PRICE/UNIT
100% YoY
NO. OF TRANSACTIONS
173% YoY
SALES VOLUME
Multifamily Market Report, 1st Quarter 2019
Gowanus, Brooklyn
SUMMARY
$10.M 4 $475K $564
NEIGHBORHOOD BOUNDARIES
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3
9
Q3
Q4
24
6
2
2019Quarter
Q4
2017 2018 2019
4
Q2 4 5
Q1 2
Q2 4 5
Q3 6 1
4Q1 2 2
3 3
Q3 6 1
2017
Quarter 2017 2018 2019
Q1 6 6 21
Q2 12521
2018
Quarter
Q4 3 3
Number of Transactions
Number of Buildings Sold
Number of Units Sold
Average Sale Price per Unit
Sales Volume
MULTIFAMILY STATS
$5M $8M $9M$11M $14M $9M
$36M
$10M$4M
$10M $13M $6M $4M
$93M
$2M$7M $10M
$
$20.0M
$40.0M
$60.0M
$80.0M
$100.0M
$609K$475K
$
$200K
$400K
$600K
$800K
$1.0M
21
0
50
100
150
Q1 Q2 Q3 Q4
2017 2018 2019
4
0
2
4
6
8
Q1 Q2 Q3 Q4
2017 2018 2019
4
0
2
4
6
8
Q1 Q2 Q3 Q4
2017 2018 2019
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0
0 0
Multifamily size Avg. price/unit Y-o-Y Avg. price/sqft Y-o-Y Sales volume Sales Buildings Units
$9,975,000 4 4 21
Medium - - - - $0
Small $475,000 -22% $564 -22%
0
- - $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.
7,905
26K18K 15K
28K14K
41K
14K6,827 12K
20K7,722 5,040
109K
2,310 7,90018K
20K
40K
60K
80K
100K
120K
$725
$564
$
$200
$400
$600
$800
$1,000
MULTIFAMILY SIZE
100%
Small
Medium
Large
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Pkg. deal
No
No
No
No
Price/sqft
$620
$620
$394
$697282 Tenth St
Address
349 Hoyt St
414 Fourth Ave
187 Bond St
Sale date
5,200
$3,225,000
$3,100,000
$2,050,000
Sale price
$1,600,000
7
7
3
Sqft
5,200
5,004
2,295
11-Mar-19
1-Mar-19
12-Mar-19
22-Jan-19
Property type
Small multifamily
Small multifamily
Small multifamily
Small multifamily
Units
4
LIST OF TRANSACTIONS
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