flatiron district - the ratner team
TRANSCRIPT
6
FLATIRON DISTRICT
A quarterly analysis of residential sales
in Flatiron District, Manhattan
1st Quarter 2019
Residential 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
MANHATTAN
MEDIAN SALE PRICE
-14% YoY
MEDIAN PRICE/SQ.FT.
13% YoY
NO. OF TRANSACTIONS
35% YoY
MEDIAN SALE PRICE
Residential Market Report, 1st Quarter 2019
Flatiron District, Manhattan
SUMMARY
$2.03M 44 $1,438 $1.12M
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]
2014
55
82
80
50
2015
56
68
2019
44
2018
39
58
43
48
2017
49
75
53
55
2016
50
53
54
41
84
48
Quarter
Q1
Q2
Q3
Q4
Number of Transactions
Median Sale Price by Year
Median Sale Price by Quarter
RESIDENTIAL STATS
$2.0M
$
$500K
$1.0M
$1.5M
$2.0M
$2.5M
$1.6M
$
$200K
$400K
$600K
$800K
$1.0M
$1.2M
$1.4M
$1.6M
$1.8M
44
0
10
20
30
40
50
60
70
80
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]
Y-o-Y
-6%
-6%
-
Transactions
19
24
0
12%
27%
-
Median sale price/sqft
$1,730
$1,257
-
Property Type
Condos
Coops
Houses
Median sale price
$2,585,997
$1,210,000
-
Y-o-Y
Number of Sales by Building Type
Type of Residential Properties Sold
Median Sale Price per Square Foot
$1,438
$
$500
$1,000
$1,500
$2,000
$2,500
RESIDENTIAL SALES BREAKDOWN
44%
56%
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]
650
625
1,500
725
812
850
Coop
Coop
Coop
Coop
Coop
Coop
Coop
Coop
Coop
Coop
Coop
$821,500
$750,000
$525,000
$515,000
$18,888
$1,075,000
$994,000
$960,000
$900,000
$867,500
$834,000
18-Mar-19
25-Mar-19
14-Mar-19
7-Feb-19
28-Mar-19
12-Mar-19
12-Mar-19
22-Mar-19
8-Jan-19
17-Jan-19
23-Jan-19
1-00816-0031
1-00842-0007
1-00816-0031
1-00816-0031
1-00846-0071
1-00842-1002
1-00817-0029
1-00842-0007
1-00816-0031
1-00816-0031
1-00817-0085
10 W 15th St #403
7 E 14th St #907
10 W 15th St #326
10 W 15th St #224
105 Fifth Ave
69 Fifth Ave #3F
16 W 16th St #10JN
7 E 14th St #1619
10 W 15th St #717
10 W 15th St #417
54 W 16th St #2C
825
875
585
678
1,674
1,203
1,200
1,090
1,281
1,361
1,500
1,987
Condo
Condo
2,700
1,816
1,989
1,476
1,816
Coop
Condo
Coop
Condo
Coop
Coop
Coop
Condo
Coop
Condo
Coop
Coop
Condo
Condo
Condo
Coop
Condo
Condo
Coop
Condo
Coop
Condo
Condo
Condo
$1,410,000
$1,400,000
$1,350,000
$1,210,000
$1,200,000
$1,100,000
$2,350,000
$2,200,000
$2,030,000
$1,800,000
$1,700,000
$1,620,000
$2,550,000
$2,500,000
$2,470,000
$2,400,000
$2,385,000
$2,375,000
3-Jan-19
14-Jan-19
$3,100,000
$2,900,000
$2,800,000
$2,800,000
$2,700,000
$2,700,000
$2,650,000
$2,621,994
23-Jan-19
24-Jan-19
7-Feb-19
19-Feb-19
24-Jan-19
12-Mar-19
24-Jan-19
11-Feb-19
22-Feb-19
8-Feb-19
4-Feb-19
16-Jan-19
22-Feb-19
18-Mar-19
15-Feb-19
22-Jan-19
11-Jan-19
24-Jan-19
11-Mar-19
20-Feb-19
29-Mar-19
5-Feb-19
15-Feb-19
15-Mar-19
1-00823-0065
1-00817-1021
1-00817-0029
1-00842-0007
1-00851-1066
1-00816-1342
1-00822-0045
1-00849-1418
1-00842-0007
1-00817-0029
1-00817-0085
1-00821-1324
1-00819-1322
1-00851-0013
1-00849-1239
1-00819-1208
1-00847-0038
1-00820-1355
5 E 22nd St #29B
50 W 15th St #9C
1-00850-0059
1-00821-1110
1-00844-0033
1-00817-1052
1-00849-1658
1-00819-1318
1-00821-1109
1-00819-1314
54 W 16th St #15B
650 Sixth Ave #3L
40 W 22nd St #7C
108 Fifth Ave #8C
16 W 16th St #11DN
7 E 14th St #709
222 Park Ave S #3A
16 W 19th St #11C
4 W 21st St #14B
141 Fifth Ave #22
7 E 14th St #1406
16 W 16th St #8SN
29 W 19th St #3FL
55 W 17th St #501
55 W 17th St #701
21 E 22nd St #6E
260 Park Ave S #5H
63 W 17th St #4B
26 E 22nd St #6
29 W 19th St #4FL
16 E 17th St #5FL
108 Fifth Ave #20B
254 Park Ave S #7AC
55 W 17th St #601
Property type
Condo
Condo
Condo
Coop
Sqft
1,819
1,819
3,000
Sale date
18-Mar-19
13-Feb-19
22-Mar-19
24-Jan-19
Sale price
$4,600,000
$3,950,000
$3,775,000
$3,750,000
Address
141 Fifth Ave #11
141 Fifth Ave #32
55 W 17th St #804
18 E 18th St #4E
BBL
1-00849-1409
1-00849-1426
1-00819-1329
1-00846-0064
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]
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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]