Market Overview for Quarter 3, 2024
Median price/sqft
13.9% YoY
Sales volume
8.2% YoY
Transactions
-5.9% YoY
Total sqft
23.3% YoY
In total, 160 multifamily deals closed, a decline of 5.9% compared to the same period last year. The median price per square foot in Quarter 3, 2024 was $431, a change of 13.9% Y-o-Y.
Queens multifamily real estate price per square foot in Quarter 3, 2024 was $431, up by 13.9% Y-o-Y.
Queens multifamily real estate transactions in Quarter 3, 2024 was 160, down by 5.9% Y-o-Y.
Queens multifamily real estate sales volume in Quarter 3, 2024 was $238.3M, up by 8.2% Y-o-Y.
Queens multifamily real estate total square feet in Quarter 3, 2024 was 758K, up by 23.3% Y-o-Y.
Recent Significant Sales
| Property Address | Submarket | Sale Date | Price | Square Feet | Price/Sqft | Package Deal |
|---|
Top Boroughs in New York City
Queens median price per sqft compared with other boroughs in New York City
| Submarket | Borough | Median sale price/sqft | Transactions | Sales volume | Total sqft |
|---|
Discover market trends in other boroughs in New York City
Fair use and redistribution
We encourage and freely grant you permission to reuse and repost the information, charts and images found in this report. When doing so, we only ask that you link back to this page, or PropertyShark.com.
Disclaimer
PropertyShark.com provides commercial market trend information (Data) on an "as is" basis for the user's personal use. Data comes from publicly available sources which can be out of date. PropertyShark.com provides no warranties regarding title, merchantability, or fitness for a particular purpose. While reasonable efforts are made toward maintaining a high standard of quality of information, PropertyShark.com does not warrant the accuracy, completeness, timeliness or other characteristics of the Data.