Market Overview for Quarter 1, 2023
Median price/sqft
-12.7% YoY
Sales volume
-54.4% YoY
Transactions
-34.7% YoY
Total sqft
-59% YoY
There were a total of 154 transactions, representing a Y-o-Y decrease of 34.7%. The median price per square foot in Quarter 1, 2023 was $368, a change of -12.7% Y-o-Y.
Queens multifamily real estate price per square foot in Quarter 1, 2023 was $368, down by 12.7% Y-o-Y.
Queens multifamily real estate transactions in Quarter 1, 2023 was 154, down by 34.7% Y-o-Y.
Queens multifamily real estate sales volume in Quarter 1, 2023 was $265.0M, down by 54.4% Y-o-Y.
Queens multifamily real estate total square feet in Quarter 1, 2023 was 880K, down by 59% 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 |
|---|
See also
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