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Washington Heights/Inwood Report Washington Heights/Inwood4TH QUARTER 2015in Washington Heights/Inwood, Manhattan
4TH QUARTER 2015
Washington Heights/Inwood Report
A quarterly analysis of multifamily sales
in Washington Heights/Inwood, Manhattan
Manhattan Year 2015Washingt
on Quarter 4
18 $241K
$123M 289$
Borough
Neighborhood
Multifamily Market Report, Q4 2015
Washington Heights/Inwood, Manhattan
SALES VOLUME NO. OF TRANSACTIONS AVERAGE PRICE/UNIT AVERAGE PRICE/SQ. FT.
-41% Y-o-Y -36% Y-o-Y 26% Y-o-Y 36% Y-o-Y
18 $289 $123M $241K
SUMMARY
COMMUNITY DISTRICT BOUNDARIES
Chris Caballero212-994-3204
Page 2
Quarter
Q1
Q2
Q3
Q4
Quarter
Q1
Q2
Q3
Q4
Quarter
Q1
Q2
Q3
Q4
2013 2014 2015
1,219 670 831
559 1,109 859
1,013 1,229 986
735 1,087 509
2013 2014 2015
33 17 29
24 39 38
20 44 30
22 36 19
2013 2014 2015
28 17 25
14 38 27
17 31 24
16 28 18
2527
24
18
0
10
20
30
40
Q1 Q2 Q3 Q4
2013 2014 2015
Average Sale Price per Unit
Number of Units Sold
Number of Transactions
Number of Buildings Sold
29
38
30
19
0
10
20
30
40
50
Q1 Q2 Q3 Q42013 2014 2015
831 859986
509
0
200
400
600
800
1,000
1,200
1,400
Q1 Q2 Q3 Q4
2013 2014 2015
Sales Volume
$101 M$139 M
$99 M
$194 M
$149 M
$75 M
$160 M $150 M
$107 M
$219 M $228 M$208 M
$163 M $152 M
$244 M
$123 M
$ M
$50 M
$100 M
$150 M
$200 M
$250 M
$300 M
Total Sq. Ft.
736K
1,060K
785K
1,498K
1,027K
357K
917K
664K 592K
1,034K 1,022K 983K
659K 669K877K
425K
0
200K
400K
600K
800K
1,000K
1,200K
1,400K
1,600K
$192K
$241K
0
$50K
$100K
$150K
$200K
$250K
$300K
MULTIFAMILY STATS
Page 3
Price Y-o-Y Price Y-o-Y
Small Small $354,469 39% $568 40% $4,253,628 2 2 12 10.5%
Medium Medium $228,974 4% $284 19% $87,467,904 14 15 382 78.9%
Large Large $269,565 90% $283 74% $31,000,000 2 2 115 10.5%
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
No. of
units
7,490
307,838
109,422
Average price per unit Average price per sq. ft. Sales volume Total Sq. Ft.
No. of
sales
No. of
buildings
Multifamily
size
$212
$289
$0
$50
$100
$150
$200
$250
$300
$350
Average Price per Square Foot
MULTIFAMILY SIZE
Size of Multifamily Properties Sold
Number of Sold Buildings by Size
Large10.5%
Medium
78.9%
Small
10.5%
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19
1 12-20 Pinehurst Ave 21-Oct-15 $16,500,000 Large multifamily 61 $270,492 53,874 $306 No
2 2 Pinehurst Ave 21-Oct-15 $14,500,000 Large multifamily 54 $268,519 55,548 $261 No
3 516 W 167 St 30-Nov-15 $10,500,000 Medium multifamily 22 $238,636 15,345 $373 Yes
4 27 Audubon Ave 30-Nov-15 $10,500,000 Medium multifamily 22 $238,636 12,800 $373 Yes
5 515 W 156 St 07-Dec-15 $8,377,904 Medium multifamily 30 $279,263 24,795 $338 No
6 432-434 W 163 St 30-Nov-15 $8,000,000 Medium multifamily 30 $266,667 21,708 $369 No
7 133-143 Ft George Ave 03-Nov-15 $7,900,000 Medium multifamily 40 $197,500 35,135 $225 No
8 608 W 191 St 23-Dec-15 $7,350,000 Medium multifamily 24 $306,250 19,825 $371 No
9 525 W 169 St 30-Nov-15 $6,500,000 Medium multifamily 27 $240,741 22,385 $290 No
10 507 W 170 St 30-Nov-15 $6,000,000 Medium multifamily 25 $240,000 18,005 $333 No
11 540 W 189 St 08-Oct-15 $5,740,000 Medium multifamily 30 $191,333 24,876 $231 No
12 25 Vermilyea Ave 14-Oct-15 $5,620,000 Medium multifamily 30 $187,333 23,650 $238 No
13 711-713 W 180 St 16-Dec-15 $5,200,000 Medium multifamily 20 $260,000 19,220 $271 No
14 516 W 169 St 30-Nov-15 $5,000,000 Medium multifamily 24 $208,333 17,754 $282 No
15 11 Vermilyea Ave 14-Oct-15 $4,530,000 Medium multifamily 21 $215,714 22,650 $200 No
16 512-514 W 180 St 14-Oct-15 $4,000,000 Medium multifamily 20 $200,000 17,450 $229 No
17 4230 Broadway 12-Nov-15 $3,500,000 Small multifamily 6 $583,333 5,457 $641 No
18 121 Vermilyea Ave 05-Nov-15 $2,750,000 Medium multifamily 17 $161,765 12,240 $225 No
19 517 W 179 St 28-Oct-15 $753,628 Small multifamily 6 $125,605 2,033 $371 No
Address Sale date Sale price Units Price per unit Sq. Ft. Price per Sq. Ft.Package
dealProperty type
LIST OF TRANSACTIONS
Page 5