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TRANSCRIPT
Upper East Side Report
Upper East Side
4TH QUARTER 2015
in Upper East Side, Manhattan
4TH QUARTER 2015
Upper East Side Report
A quarterly analysis of multifamily sales
in Upper East Side, Manhattan
Manhattan Year 2015Upper
East Side Quarter 4
19 $1.1M
$264M 1,545$
30% Y-o-Y
SALES VOLUME AVERAGE PRICE/SQ. FT. NO. OF TRANSACTIONS AVERAGE PRICE/UNIT
-34% Y-o-Y 36% Y-o-Y 11% Y-o-Y
Borough
Neighborhood
Multifamily Market Report, Q4 2015
Upper East Side, Manhattan
19 $1,545 $264M $1.1M
SUMMARY
COMMUNITY DISTRICT BOUNDARIES
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Quarter
Q1
Q2
Q3
Q4
Quarter
Q1
Q2
Q3
Q4
Quarter
Q1
Q2
Q3
Q4 17
21
17
2015
11 23
2013
2014
18 15 19
2013 2014
38
2014 2015
10 22
22
24
14
36
19
16
11
2013
27
17 24 18
13 24
332 411 243
632 279
168 1,475 780
2015
115 313 642
636
2117
36
19
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
27
18
38
19
0
10
20
30
40
Q1 Q2 Q3 Q42013 2014 2015
642
279
780
243
0
500
1,000
1,500
2,000
Q1 Q2 Q3 Q4
2013 2014 2015
Sales Volume
$87 M $63 M
$254 M
$450 M
$55 M
$239 M$120 M
$405 M$278 M
$365 M
$1018 M
$401 M $407 M
$193 M
$503 M
$264 M
$ M
$200 M
$400 M
$600 M
$800 M
$1000 M
$1200 M
Total Sq. Ft.
152K 87K
326K
1,337K
83K
667K
112K
430K273K
406K
1,361K
338K 294K 209K
509K
171K
0
200K
400K
600K
800K
1,000K
1,200K
1,400K
1,600K
$975K$1,086K
0
$200K
$400K
$600K
$800K
$1,000K
$1,200K
$1,400K
MULTIFAMILY STATS
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Price Y-o-Y Price Y-o-Y
Small Small $2,643,332 -42% $2,368 -7% $163,886,602 11 11 62 25.5%
Medium Medium $851,618 31% $1,437 40% $96,232,781 7 7 113 46.5%
Large Large $55,935 -94% $110 -90% $3,803,589 1 1 68 28.0%
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
69,210
66,972
34,687
Multifamily sizeAverage price per unit Average price per sq. ft. No. of
salesSales volume
No. of
buildings
No. of
unitsTotal Sq. Ft.
$1,185
$1,545
$0
$500
$1,000
$1,500
$2,000
Large28.0%
Medium
46.5%
Small
25.5%
Average Price per Square Foot
MULTIFAMILY SIZE
Size of Multifamily Properties Sold
Number of Sold Buildings by Size
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19
1 151 E 60 St 13-Oct-15 $58,054,254 Small multifamily 4 $14,513,564 6,600 $8,796 No
2 145-147 E 60 St 13-Oct-15 $42,592,206 Medium multifamily 18 $2,366,234 10,671 $3,991 No
3 149 E 60 St 13-Oct-15 $21,296,103 Small multifamily 4 $5,324,026 6,380 $3,338 No
4 50-52 E 86 St 01-Dec-15 $20,000,000 Small multifamily 9 $2,222,222 8,765 $2,282 No
5 143 E 60 St 13-Oct-15 $17,054,697 Small multifamily 4 $4,263,674 5,820 $2,930 No
6 957-959 Park Ave 01-Dec-15 $16,000,000 Medium multifamily 11 $1,454,545 11,460 $1,396 No
7 342 E 85 St 24-Dec-15 $9,850,000 Medium multifamily 16 $615,625 11,236 $877 No
8 515 E 86 St 29-Dec-15 $9,699,984 Small multifamily 4 $2,424,996 6,060 $1,601 No
9 1530 York Ave 29-Oct-15 $8,650,000 Small multifamily 8 $1,081,250 7,925 $1,091 No
10 1169 2 Ave 05-Nov-15 $8,250,000 Small multifamily 4 $2,062,500 6,136 $1,345 No
11 239 E 77 St 19-Nov-15 $7,500,000 Medium multifamily 16 $468,750 7,400 $1,014 No
12 1481 York Ave 15-Oct-15 $7,350,000 Small multifamily 9 $816,667 7,500 $980 No
13 423 E 82 St 17-Dec-15 $7,100,000 Medium multifamily 20 $355,000 8,555 $830 No
14 410 E 88 St 20-Oct-15 $6,700,000 Medium multifamily 17 $394,118 8,465 $791 No
15 529 E 83 St 06-Oct-15 $6,490,575 Medium multifamily 15 $432,705 9,185 $707 No
16 172 E 80 St 24-Nov-15 $6,300,000 Small multifamily 8 $787,500 4,648 $1,355 No
17 524 E 82 St 09-Nov-15 $4,925,000 Small multifamily 4 $1,231,250 5,036 $978 No
18 338 E 96 St 29-Oct-15 $3,803,589 Large multifamily 68 $55,935 34,687 $110 No
19 1435 2 Ave 26-Oct-15 $2,306,564 Small multifamily 4 $576,641 4,340 $531 No
Address Sale date Sale price Property type Units Price per unit Sq. Ft. Price per Sq. Ft.Package
deal
LIST OF TRANSACTIONS
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