The Elliman Report: Q4-2019 Northwest Queens Sales Prepared

Q4 2019 NORTHWEST QUEENS SALES REPORT Quarterly Survey of Residential Sales

Northwest Queens Market Matrix Q4-2019 %∆ (qrt) Q3-2019 %∆ (yr) Q4-2018

Average Sales Price $935,462 2.5% $913,057 7.0% $874,594 DASHBOARD Median Sales Price $881,975 3.8% $850,000 13.3% $778,481 year-over-year Number of Sales (Closed) 357 31.7% 271 40.6% 254 Days on Market (From Last List Date) 78 20.0% 65 -18.8% 96 PRICES Listing Discount (From Last List Price) 0.2% 2.0% 4.2% Median Sales Price 13.3% Median Sales Price ASTORIA SUNNYSIDE NORTHWEST QUEENS NUMBER OF SALES SALES LIC WOODSIDE Closed Sales 40.6% $1,250,000 500 $1,000,000 400

300 MARKETING TIME $750,000 Days on Market 18 days $500,000 200 $250,000 100

NEGOTIABILITY $0 0 Listing Discount 4.0% 1918171615141312111009 Median and average sales price set new number of sales surged 40.6% to 357 from the NORTHWEST records after rising year over year for three same period last year. The more than three-fold • Price trend indicators straight quarters. Median sales price increased jump in sales to 74 in the $1 million to $2 million reached new records by 13.3% to $881,975, and the average sales price strata drove the overall price records and • The number of sales surged price rose 7% to $935,462,LONG respectively, ISLAND from CITY surgeSALES in total(by number)sales. • Marketing time and negotiability the prior-year quarter. The number of sales rose compressed 150 year over year for the second straight quarter Median Sales Price ASTORIA SUNNYSIDE NORTHWEST QUEENS NUMBER OF SALES 120 LIC WOODSIDE after falling for the previous five quarters. The $1,250,000 500 $1,000,00LONG0 ISLAND CITY 400 90 Long Island City Condos $750,000 300 Q4-2019 %∆ (qrt) Q3-2019 %∆ (yr) Q4-2018 • Condo sales and price trends surged Market Matrix $500,000 200 60 $250,000• Co-op price trends declined 100 Average Sales Price $1,183,062 15.9% $1,020,683 16.3% $1,017,574 0 •$0 1-3 family price trends fell 1918171615141312111009 30 Average Price Per Sq Ft $1,264 3.1% $1,226 12.6% $1,123

Median Sales0 Price 4Q18 1Q19$1,052,740 2Q1916.0% $907,2473Q19 16.1%4Q19 $906,542 LONG ISLAND CITY SALES (by number) Number of Sales (Closed) 137 45.7% 94 128.3% 60 150 120 Long Island City Co-Ops 90 Q4-2019 %∆ (qrt) Q3-2019 %∆ (yr) Q4-2018 Market Matrix 60

30 Average Sales Price $639,286 10.6% $577,786 -8.7% $700,000

0 4Q18 1Q19 2Q19 3Q19 4Q19 Median Sales Price $652,500 13.5% $575,000 -6.8% $700,000 ASTORIA SALES (by number) Number of Sales (Closed) 7 0.0% 7 600.0% 1 150 The Douglas EllimanASTORIA SALES Report (by number) series is Long Island City 1-3 Family recognized as the industry standard for Q4-2019 %∆ (qrt) Q3-2019 %∆ (yr) Q4-2018 150 Market Matrix120 providing120 the state of the residential real estate

market.90 The report includes an extensive suite Average Sales Price $1,443,750 -26.5% $1,963,333 -22.1% $1,853,000 90 of60 tools to help readers objectively identify Average Price Per Sq Ft $901 0.1% $900 -4.1% $940 and30 measure market trends, provide historical 60 context0 4Q18 to current1Q19 information2Q19 and3Q19 provide4Q19 Median Sales Price $1,362,500 -9.2% $1,500,000 -34.3% $2,075,000 comprehensive analysis of the results. Number of30 Sales (Closed) 4 33.3% 3 -20.0% 5

0 SUNNYSIDE SALES (by number) 4Q18 1Q19 2Q19 3Q19 4Q19 PREPARED50 BY MILLER SAMUEL REAL ESTATE APPRAISAL AND CONSULTING SERVICES Covering40 the New York City metropolitan area 30

0 4Q18 1Q19 2Q19 3Q19 4Q19

SUNNYSIDE SALES (by number)

WOODSIDE SALES (by number) 50 75 60 40 45 30 30 15 0 4Q18 1Q19 2Q19 3Q19 4Q19 20

0 4Q18 1Q19 2Q19 3Q19 4Q19

WOODSIDE SALES (by number) 4Q17 96 1Q18 110 2Q18 127 75 3Q18 103 4Q18 107 60

0 4Q18 1Q19 2Q19 3Q19 4Q19

4Q17 96 1Q18 110 2Q18 127 3Q18 103 4Q18 107 Median Sales Price ASTORIA SUNNYSIDE NORTHWEST QUEENS NUMBER OF SALES LIC WOODSIDE The Elliman Report • Quarterly Survey of Northwest Queens Residential Sales $1,250,000 500

Q4$1,000,000 -2019 400

$750,000 300

$500,000 200 Queens$250,000 Market by 100 $0 LOCATION 0 Median Sales Price09 10 11 12 13 14 15 16 17 18 19 ASTORIA SUNNYSIDE NORTHWEST QUEENS NUMBER OF SALES LIC WOODSIDE $1,250,000 500 Astoria Condos Matrix Q4-2019 %∆ (qrt) Q3-2019 %∆ (yr) Q4-2018 $1,000,00ASTORIA0 400 Average Sales Price $540,138 -16.8% $649,570 -11.5% $610,118 $750,000 LONG ISLAND CITY SALES (by number) 300

$500,000•150 Condo price trend indicators 200 Average Price per Sq Ft $936 7.3% $872 -6.8% $1,004

$250,000120 declined as sales surged 100 Median Sales Price Median Sales Price $430,000 -20.0% $537,500 -29.5% $610,000 ASTORIA $090 SUNNYSIDE NORTHWEST QUEENS NUMBER OF0 SALES LIC • Co-opWOODSIDE09 10 11sales12 rose13 14 as15 price16 17 18 19 $1,250,00600 500 Number of Sales (Closed) 44 22.2% 36 51.7% 29 400 $1,000,00300trends jumped Astoria Co-Op Matrix Q4-2019 %∆ (qrt) Q3-2019 %∆ (yr) Q4-2018 $750,000 300 • 0 1-3 4Q18family 1Q19sales decreased2Q19 3Q19 as 4Q19 $500,000 LONG ISLAND CITY SALES (by number) 200 Average Sales Price $555,964 9.3% $508,859 41.6% $392,688 $250,000150 price trends remained mixed 100

120 0 Median Sales Price $553,750 11.4% $497,000 78.0% $311,131 $0 09 10 11 12 13 14 15 16 17 18 19 90 ASTORIA SALES (by number) Number of Sales (Closed) 20 122.2% 9 11.1% 18 60 150 30 Astoria 1-3 Family Matrix Q4-2019 %∆ (qrt) Q3-2019 %∆ (yr) Q4-2018 120 0 4Q18 LONG1Q19 ISLAND CITY2Q19 SALES (by number)3Q19 4Q19 90 Average Sales Price $1,338,385 11.1% $1,204,632 7.7% $1,242,817 150 60 120 Average Price per Sq Ft $645 -1.4% $654 -9.0% $709 30 90 0 4Q18 1Q19 2Q19 3Q19 4Q19 Median Sales Price $1,220,000 3.8% $1,175,000 1.0% $1,207,500 60 ASTORIA SALES (by number) 30 Number of Sales (Closed) 52 -5.5% 55 -13.3% 60 150 0 120 4Q18 1Q19 2Q19 3Q19 4Q19 90 Sunnyside Co-Op Matrix Q4-2019 %∆ (qrt) Q3-2019 %∆ (yr) Q4-2018 SUNNYSIDESUNNYSIDE SALES (by number) 60 • 50Co-op price trends and Average Sales Price $416,885 4.5% $398,908 9.4% $381,032 30 40sales expanded 0 4Q18 ASTORIA1Q19 SALES2Q19 (by number)3Q19 4Q19 Median Sales Price $395,000 -1.0% $399,000 7.5% $367,500 30 •150 1-3 family price trends declined 20 Number of Sales (Closed) 25 66.7% 15 25.0% 20 120as sales increased 10 90 Sunnyside 1-3 Family Matrix Q4-2019 %∆ (qrt) Q3-2019 %∆ (yr) Q4-2018 0 4Q18 1Q19 2Q19 3Q19 4Q19 60 SUNNYSIDE SALES (by number) 30 Average Sales Price $1,153,596 -13.8% $1,338,182 -1.5% $1,171,167 50 0 40 4Q18 1Q19 2Q19 3Q19 4Q19 Average Price per Sq Ft $617 -27.8% $855 -21.5% $786

30 WOODSIDE SALES (by number) Median Sales Price $1,051,671 -7.3% $1,135,000 -10.7% $1,177,500 20 75 10 Number of Sales (Closed) 14 27.3% 11 16.7% 12 60 0 4Q18 SUNNYSIDE1Q19 SALES2Q19 (by number)3Q19 4Q19 45 50 30 40 15 30 Woodside Co-Op Matrix Q4-2019 %∆ (qrt) Q3-2019 %∆ (yr) Q4-2018 WOODSIDE0 4Q18 1Q19 2Q19 3Q19 4Q19 20 • Co-op priceWOODSIDE trends SALES (byrose number) as Average Sales Price $365,612 5.1% $347,750 5.7% $345,894 10 75 0sales surged Median Sales Price $326,500 -2.4% $334,500 3.6% $315,250 60 4Q18 1Q19 2Q19 3Q19 4Q19 •45 1-3 family price trends declined Number of Sales (Closed) 28 40.0% 20 27.3% 22 30 and sales increased Woodside 1-3 Family Matrix Q4-2019 %∆ (qrt) Q3-2019 %∆ (yr) Q4-2018 15

0 4Q18 WOODSIDE1Q19 SALES2Q19 (by number)3Q19 4Q19 Average Sales Price $950,559 -7.8% $1,030,639 -7.4% $1,026,625 75

60 Average Price per Sq Ft $485 -14.2% $565 -24.9% $646 45 Median Sales Price $850,000 -14.6% $995,000 -12.3% $969,000 30

15 Number of Sales (Closed) 17 -5.6% 18 6.3% 16

0 4Q18 1Q19 2Q19 3Q19 4Q19

4Q17 96 1Q18 110 NEIGHBORHOODS OF QUEENS 2Q18 127 3Q18CENTRAL 103 NORTHEAST NORTHWEST SOUTH WEST ROCKAWAY 4Q18Bellerose 107 Hollis Hills Bayside Astoria Airport JFK Richmond Hill Airport LaGuardia Arverne Briarwood Holliswood Beechhurst Long Island City Cambria Heights Rosedale Corona Belle Harbor Floral Park Jamaica Estates College Point Sunnyside Hollis So. Jamaica Bay East Elmhurst Broad Channel Forest Hills Jamaica Hills Douglaston Woodside Howard Beach South Jamaica Elmhurst Far Rockaway 4Q17Fresh Meadows96 Kew Gardens Flushing North Jamaica South Ozone Park Flushing Meadow Park Hammels 1Q18 110 2Q18Glen Oaks 127 Queens Village Flushing South Jamaica Bay Springfield Gardens Glendale Nesponsit 3Q18 103 4Q18Hillcrest 107 Rego Park Little Neck Laurelton St. Albans Jackson Heights Rockaway Park Oakland Gardens Ozone Park Woodhaven Maspeth Whitestone Middle Village Ridgewood 4Q17 96 1Q18© 2020 Douglas Elliman110 and Miller Samuel Inc. All worldwide rights reserved. 2Q18For more information127 or electronic copies of this report please 3Q18visit elliman.com. Email103 report author Jonathan J. Miller at jmiller@ QUEENS 36-29 Bell Blvd 718.631.8900 • 47-37 Vernon Blvd 718.729.0001 • 47-36 Vernon Blvd 4Q18millersamuel.com with107 questions or comments. Report Methodology: 917.38 6.616 4 • Visit ELLIMAN.COM for a list of all our offices in Manhattan, Brooklyn, Queens, Bronx, http://www.millersamuel.com/research-reports/methodology Long Island, the Hamptons & North Fork, Westchester, Putnam/Dutchess Counties, Greenwich, Douglas Elliman Miller Samuel Real Estate Aspen, Los Angeles and Florida Real Estate Appraisers & Consultants 575 Madison Avenue 21 West 38th Street 575 MADISON AVENUE, NY, NY 10022. 212.891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, New York, NY 10022 New York, NY 10018 THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT 212.891.7000 212.768.8100 OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF elliman.com millersamuel.com OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY.