Document 288272

Rent Comps
Sample
Report
Abilene Akron Albany Albany Albany-Lebanon Albuquerque Alexandria Allentown Amarillo Ames An
Ann Arbor Appleton-Oshkosh Asheville Athens Atlanta Atlantic-Cape May Auburn Augusta Austin B
Baltimore Baton Rouge Beaumont Bellingham Bend Biloxi-Gulfport Binghamton Birmingham Blacks
Bloomington Boise Boston Boulder Bowling Green Bremerton-Silverdale Brooklyn Brownsville-Harli
Buffalo Canton Carmel/Monterey Carson City Cedar Rapids Central New Jersey Champaign Charlest
Charleston Charlotte Charlottesville Chattanooga Chicago Chico Cincinnati Clarksville Cleveland Co
Station-Bryan Colorado
Springs
Columbia
Columbus
Columbusof
Corpus Christi Dallas Dalto
To run
a report
onColumbia
a property
or market
Davenport-Moline Dayton Daytona Beach Decatur Denver Des Moines Detroit District of Columbia D
interest to you, simply click on the, “Subscribe
Duluth Dutchess El Centro El Paso Elkhart Erie Eugene Evansville Fairfield County Fargo Fayetteville
Now”Fort
orCollins
“StartFort
a FREE
Trial”
button
below!
Flagstaff Flint Florence
Lauderdale
Fort
Myers Fort
Pierce Fort Smith Fort Walton B
Wayne Fort Worth Fresno Gainesville Gainesville Gary-Hammond Grand Rapids Greeley Green Bay
Greensboro/Winston-Salem Greenville Greenville Hagerstown Hanford-Corcoran Harrisburg Hartfor
Subscribe Now
Start a FREE Trial
Hattiesburg Hickory-Morganton Honolulu Houma Houston Huntington Huntsville Indianapolis Iowa
Jackson Jackson Jackson Jacksonville Jacksonville Janesville Johnson City Kalamazoo Kansas City
Kennewick-Richland-Pasco Killeen-Fort Hood Knoxville Kokomo La Crosse Lafayette Lafayette Lake
Lakeland Lancaster Lansing Laredo Las Cruces Las Vegas Lawrence Lawton Lexington Lincoln Little
Island Longview Los Angeles Louisville Lubbock Lynchburg Macon Madison Manchester-Nashua Ma
McAllen Medford/Klamath Falls Melbourne Memphis Merced Miami Milwaukee Minneapolis Mobile
Monroe Montgomery Muncie Myrtle Beach Naples Nashville New Haven New Orleans New York
Norfolk/Hampton Roads Northern New Jersey Oakland-East Bay Ocala Odessa-Midland Oklahoma C
Omaha Orange County Orlando Palm Beach Panama City Pensacola Peoria Philadelphia Phoenix Pit
Portland Portland Portsmouth Providence Provo-Orem Pueblo Queens Raleigh-Durham Rapid City R
Redding Reno Richmond Roanoke Rochester Rochester Rockford Rocky Mount Sacramento Saginaw
This is a Free Sample Report
We’re more than just reports
Having a ReisReports membership means not only that you will have access to the most reliable reports
available, but also that you have an entire suite of tools and market commentary at your disposal.
Market Narratives
Exclusive Videos
Email Alerts
Throughout each quarter, you’ll
Generate a comprehensive
You don’t have to check in
receive written analyses on
list of all planned, proposed
constantly with ReisReports
your markets of interest,
and under construction
to monitor whether market
covering supply and demand
projects in our area at
fundamentals have changed.
trends, updates on the economy,
the touch of a button.
When our data is updated for
the latest property sales, and
your market, we’ll let you know
important updates to the new
in an email.
construction pipeline.
Reis, Inc. 530 Fifth Avenue, 5th Floor, New York, NY 10036. Questions? Call 1-855-855-7347
Property Address
990 6th Avenue
New York, NY 10018
Rent Comparables
Apartment
Powered by Reis, inc.
Rent Comparables
Appraisal prepared by XYZ for 123...
Apartment - 3rd Quarter 2013
Powered by ReisReports. Clearly Objective.
Metro: New York
Section 1 - Subject Property
Subject Property Location
Address
City
State
Zip
Metro
Submarket
Latitude
Longitude
Subject Property Statistics
990 6th Ave
Property Type
New York
Year Built
NY
Size (units)
10018
Asking Rent
New York
Vacancy
Midtown West
Apartment
1987
320
$3,569.00
4.4%
Subject Property Amenities
40.75133
Unit
-73.98642
Community
Studio
1BR
2BR
3BR
$2,650
$3,200
$4,600
N/A
Unit Size (SF)
484
700
1,393
N/A
Units
50
166
104
N/A
$5.48
$4.57
$3.30
N/A
Current Asking Rent/Unit
Current Asking Rent/SF
None Reported
Parking Garage, Shared
Laundry
Section 2 - Comparable Group Market Summary
Comparable Group Summary Statistics
Low
Mean
Median
High
$3,729
$3,984
$4,061
$4,155
0.4%
1.7%
2.0%
2.4%
Property Size (units)
209
254
252
333
Year Built
1980
1988
1982
2001
Studio
1BR
2BR
3BR
Current Asking Rent/Unit
Current Vacancy Rate
Current Asking Rent/Unit
$3,122
$3,472
$5,332
$7,801
Unit Size (SF)
511
684
1,163
1,574
Units
31
150
73
1
$6.13
$5.10
$4.67
$4.96
Current Asking Rent/SF
As of 9/30/13
Section 3 - Lease Terms
Submarket Expense Ratio
Submarket Free Rent (Mo./year)
52.20%
0.18
As of 9/30/13
Page 2
Copyright 2013
Reis Services, LLC
This report has been generated for the exclusive use of William Sander - Reis Account of Reis Employee SE Account
The use, distribution and display of this report and any of the information contained herein are subject to the Terms and Conditions at ReisReports.com.
Rent Comparables
Appraisal prepared by XYZ for 123...
Apartment - 3rd Quarter 2013
Powered by ReisReports. Clearly Objective.
Metro: New York
Section 4 - Rent Growth Comparisons
Asking Rent Growth Rates
Quarterly
Annualized
2013Q3
2013Q2
YTD
1 Year
3 Year
5 Year
Comparable Group*
3.6%
3.2%
2.0%
-0.6%
3.1%
0.3%
Midtown West
1.4%
2.6%
1.0%
2.0%
3.5%
1.2%
New York
1.0%
1.1%
0.7%
3.0%
3.6%
1.3%
1. Quarter ending 9/30/13 2. Quarter ending 6/30/13 3. Avg over period ending 9/30/13 4. Avg over period ending 12/31/12
*Historical trends include only properties in the Comp Group that have at least five full years of history;
aggregated data on rents and vacancies displayed in other tables may therefore not match precisely.
Section 5 - Vacancy Rate Comparisons
Quarterly
Annualized
2013Q3
2013Q2
YTD
1 Year
3 Year
5 Year
Comparable Group*
1.7%
1.7%
1.6%
1.5%
2.6%
2.6%
Midtown West
3.3%
3.1%
3.1%
3.1%
3.2%
3.0%
New York
2.4%
2.0%
2.1%
2.2%
2.6%
2.5%
1. Quarter ending 9/30/13 2. Quarter ending 6/30/13 3. Avg over period ending 9/30/13 4. Avg over period ending 12/31/12
*Historical trends include only properties in the Comp Group that have at least five full years of history;
aggregated data on rents and vacancies displayed in other tables may therefore not match precisely.
Section 6 - Comparable Group Growth Trends
Asking Rent
(per unit)
Asking Rent
Pct Change
Vacancy
Rate
Vacancy
Change
(BPS)
Year
Qtr
2008
4
$3,589
-3.0%
3.1%
2009
4
$3,426
-4.6%
6.1%
300
2010
4
$3,679
7.4%
1.3%
-480
2011
4
$3,775
2.6%
1.7%
40
2012
3
$3,826
-2.8%
1.5%
-10
2012
4
$3,753
-1.9%
1.4%
-10
2013
1
$3,726
-0.7%
1.5%
10
2013
2
$3,845
3.2%
1.7%
20
2013
3
$3,984
3.6%
1.7%
0
90
Historical trends include only properties in the Comp Group that have at least five full years of history;
aggregated data on rents and vacancies displayed in other tables may therefore not match precisely.
Page 3
Copyright 2013
Reis Services, LLC
This report has been generated for the exclusive use of William Sander - Reis Account of Reis Employee SE Account
The use, distribution and display of this report and any of the information contained herein are subject to the Terms and Conditions at ReisReports.com.
Rent Comparables
Appraisal prepared by XYZ for 123...
Apartment - 3rd Quarter 2013
Powered by ReisReports. Clearly Objective.
Metro: New York
Section 7 - Comparable Group Locations
Page 4
Copyright 2013
Reis Services, LLC
This report has been generated for the exclusive use of William Sander - Reis Account of Reis Employee SE Account
The use, distribution and display of this report and any of the information contained herein are subject to the Terms and Conditions at ReisReports.com.
Rent Comparables
Appraisal prepared by XYZ for 123...
Apartment - 3rd Quarter 2013
Powered by ReisReports. Clearly Objective.
Metro: New York
Section 8 - Comparable Group Listing
1
Name
Address
City
State
ZIP
County
Submarket
The Olivia/Fmr the Pennmark
Current Asking Rent/ Unit
315 W 33rd St
Current Vacancy Rate
New York
0.41
Property Size ( Units)
333
10001
Floors
New York
Year Built
Midtown West
Class
Data As Of
Studio
1BR
2BR
3BR
$3,195
$3,810
$5,395
N/A
Unit Size (SF)
500
628
995
N/A
Units
84
144
105
N/A
$6.39
$6.07
$5.42
N/A
Current Asking Rent/SF
Unit Amenities
Community Amenities
2.4%
Distance from Subject (miles)
NY
Current Asking Rent/Unit
$4,155
36
2001
A
09/30/13
None Reported
Doorman, Pet Friendly, Shared Laundry
2
Name
Address
City
State
ZIP
County
Submarket
Murray Hill
Current Asking Rent/ Unit
115 E 34th St
Current Vacancy Rate
New York
0.44
Property Size ( Units)
210
10016
Floors
New York
Year Built
Stuyvesant/Turtle Bay
Class
Data As Of
Studio
1BR
2BR
3BR
$2,650
$3,550
$5,595
N/A
Unit Size (SF)
400
700
1,300
N/A
Units
11
134
65
N/A
$6.63
$5.07
$4.30
N/A
Current Asking Rent/SF
Unit Amenities
Community Amenities
1.4%
Distance from Subject (miles)
NY
Current Asking Rent/Unit
$4,136
21
1980
BC
09/30/13
Dishwasher, Internet, Fireplace
Doorman, Pet Friendly, Shared Laundry, Elevator
Page 5
Copyright 2013
Reis Services, LLC
This report has been generated for the exclusive use of William Sander - Reis Account of Reis Employee SE Account
The use, distribution and display of this report and any of the information contained herein are subject to the Terms and Conditions at ReisReports.com.
Rent Comparables
Appraisal prepared by XYZ for 123...
Apartment - 3rd Quarter 2013
Powered by ReisReports. Clearly Objective.
Metro: New York
3
Name
Address
City
State
ZIP
County
Submarket
Belmont
Current Asking Rent/ Unit
320 W 46th St
Current Vacancy Rate
New York
NY
0.60
Property Size ( Units)
252
Floors
New York
Year Built
Midtown West
Class
Data As Of
Studio
1BR
2BR
3BR
Current Asking Rent/Unit
N/A
$3,417
$4,762
N/A
Unit Size (SF)
N/A
700
1,393
N/A
Units
N/A
188
64
N/A
Current Asking Rent/SF
N/A
$4.88
$3.42
N/A
Community Amenities
2.0%
Distance from Subject (miles)
10036
Unit Amenities
$3,759
34
1982
BC
09/30/13
Dishwasher, Internet
Parking Garage, Pet Friendly, Shared Laundry, Health
Club, Elevator, Doorman
4
Name
Address
City
State
ZIP
County
Submarket
Biltmore Plaza
Current Asking Rent/ Unit
155 E 29th St
Current Vacancy Rate
New York
NY
0.63
Property Size ( Units)
267
Floors
New York
Year Built
Stuyvesant/Turtle Bay
Class
Data As Of
Studio
1BR
2BR
3BR
Current Asking Rent/Unit
N/A
$3,350
$5,695
N/A
Unit Size (SF)
N/A
680
1,125
N/A
Units
N/A
186
81
N/A
Current Asking Rent/SF
N/A
$4.93
$5.06
N/A
Community Amenities
0.4%
Distance from Subject (miles)
10016
Unit Amenities
$4,061
30
1980
BC
09/30/13
Dishwasher, Internet
Parking Garage, Security Patrol, Pool, Pet Friendly,
Parking Lot, Shared Laundry, Health Club, Elevator,
Doorman
Page 6
Copyright 2013
Reis Services, LLC
This report has been generated for the exclusive use of William Sander - Reis Account of Reis Employee SE Account
The use, distribution and display of this report and any of the information contained herein are subject to the Terms and Conditions at ReisReports.com.
Rent Comparables
Appraisal prepared by XYZ for 123...
Apartment - 3rd Quarter 2013
Powered by ReisReports. Clearly Objective.
Metro: New York
5
Name
Address
City
State
ZIP
County
Submarket
Eastbridge Landing
Current Asking Rent/ Unit
377 3rd Ave
Current Vacancy Rate
New York
0.75
Property Size ( Units)
209
10016
Floors
New York
Year Built
Stuyvesant/Turtle Bay
Class
Data As Of
Studio
1BR
2BR
3BR
$3,107
$3,204
$4,996
$7,801
Unit Size (SF)
549
725
1,100
1,574
Units
58
96
49
6
$5.66
$4.42
$4.54
$4.96
Current Asking Rent/SF
Unit Amenities
Community Amenities
2.4%
Distance from Subject (miles)
NY
Current Asking Rent/Unit
$3,729
23
1998
A
09/30/13
Dishwasher, Washer Dryer
Doorman, Pet Friendly, Parking Lot, Shared Laundry,
Health Club
Click here for a glossary of terms, or go to https://www.reisreports.com/ReisSEGlossary.pdf
Page 7
Copyright 2013
Reis Services, LLC
This report has been generated for the exclusive use of William Sander - Reis Account of Reis Employee SE Account
The use, distribution and display of this report and any of the information contained herein are subject to the Terms and Conditions at ReisReports.com.
Abilene Akron Albany Albany Albany-Lebanon Albuquerque Alexandria Allentown Amarillo Ames An
Ann Arbor Appleton-Oshkosh Asheville Athens Atlanta Atlantic-Cape May Auburn Augusta Austin B
Baltimore Baton Rouge Beaumont Bellingham Bend Biloxi-Gulfport Binghamton Birmingham Blacks
Bloomington Boise Boston Boulder Bowling Green Bremerton-Silverdale Brooklyn Brownsville-Harli
Buffalo Canton Carmel/Monterey Carson City Cedar Rapids Central New Jersey Champaign Charlest
Charleston Charlotte Charlottesville Chattanooga Chicago Chico Cincinnati Clarksville Cleveland Co
Station-Bryan Colorado
Springs Columbia
Columbia Columbus
Columbus
Corpus
Local appraisal
professionals
can now
access
the Christi Dallas Dalto
Davenport-Moline Dayton Daytona Beach Decatur Denver Des Moines Detroit District of Columbia D
same independent commercial real estate
Duluth Dutchess El Centro El Paso Elkhart Erie Eugene Evansville Fairfield County Fargo Fayetteville
information
relied
upon by national
andPierce
regional
Flagstaff Flint Florence
Fort Collins
Fort Lauderdale
Fort Myers Fort
Fort Smith Fort Walton B
banks,
non-bank
lenders and
government
Wayne Fort Worth
Fresno
Gainesville Gainesville
Gary-Hammond
Grandagencies.
Rapids Greeley Green Bay
Greensboro/Winston-Salem Greenville Greenville Hagerstown Hanford-Corcoran Harrisburg Hartfor
Hattiesburg Hickory-Morganton Honolulu Houma Houston Huntington Huntsville Indianapolis Iowa
Subscribe
Now
a FREE
Trial
Jackson Jackson Jackson
Jacksonville
Jacksonville JanesvilleStart
Johnson
City Kalamazoo
Kansas City
Kennewick-Richland-Pasco Killeen-Fort Hood Knoxville Kokomo La Crosse Lafayette Lafayette Lake
Lakeland Lancaster Lansing Laredo Las Cruces Las Vegas Lawrence Lawton Lexington Lincoln Little
Island Longview Los Angeles Louisville Lubbock Lynchburg Macon Madison Manchester-Nashua Ma
McAllen Medford/Klamath Falls Melbourne Memphis Merced Miami Milwaukee Minneapolis Mobile
Monroe Montgomery Muncie Myrtle Beach Naples Nashville New Haven New Orleans New York
Norfolk/Hampton Roads Northern New Jersey Oakland-East Bay Ocala Odessa-Midland Oklahoma C
Omaha Orange County Orlando Palm Beach Panama City Pensacola Peoria Philadelphia Phoenix Pit
Portland Portland Portsmouth Providence Provo-Orem Pueblo Queens Raleigh-Durham Rapid City R
Redding Reno Richmond Roanoke Rochester Rochester Rockford Rocky Mount Sacramento Saginaw
Commercial Real Estate Appraisers
Complete more appraisals in less time and with
fewer phone calls.
Verified Data
New Construction
Comparables
Use verified data from an
At the touch of a button,
Use sophisticated screening
independent source that
generate a comprehensive
criteria to ensure that your
lenders in your market
list of all planned, proposed,
rent and sales comparables
already trust.
and underway construction
are appropriate matches
projects in your area
for your subject property.
of interest.
Reis, Inc. 530 Fifth Avenue, 5th Floor, New York, NY 10036. Questions? Call 1-855-855-7347