Taxi Limousine Commission (TLC) Medallion Sales Data from February
2018
The February 2018 sales data is out from the TLC. When we
filter out sales from foreclosure and estate sales, sales for New York City
taxi medallions ranged from $195,000 to $400,000, with sales between those
figures. In this author’s opinion, the median sales price and fair market value
of taxi medallions appears to be $197,500. It will be interesting to review the
next few months of TLC sales data to see if $197,500 is a new floor or merely a
pause in the continuing decline of the price of taxi medallion. This author
believes that the new laws and fees that have been proposed by various elected
officials, if enacted, will negatively impact Uber and other ride hailing
services and potentially increase the value of future taxi medallion sales. Jim
Shenwick
|
Price
|
Type of Sale
|
Number of Medallions
|
|
$750,000
|
Foreclosure
|
2
|
|
$750,000
|
Foreclosure
|
2
|
|
$750,000
|
Foreclosure
|
2
|
|
$750,000
|
Foreclosure
|
2
|
|
$750,000
|
Foreclosure
|
2
|
|
$700,000
|
Foreclosure
|
2
|
|
$420,000
|
|
2
|
|
$400,000
|
|
2
|
|
$400,000
|
Foreclosure
|
1
|
|
$400,000
|
|
1
|
|
$375,000
|
Estate
|
2
|
|
$360,000
|
|
2
|
|
$350,000
|
|
2
|
|
$195,000
|
|
1
|
|
$180,000
|
Foreclosure
|
1
|
|
$170,000
|
Foreclosure
|
1
|
|
$160,000
|
Estate
|
1
|
|
$125,000
|
Foreclosure
|
1
|
|
$0
|
Family
|
1
|
|
$0
|
Estate
|
1
|
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