Engel & Völkers Brownstone Brooklyn 3Q20 Market Report by Engel & Völkers Brownstone Brooklyn

3Q20

BROWNSTONE BROOKLYN MARKET REPORT

Brownstone Brooklyn Market Report 3Q20 Dear Reader, While overall transaction volume continues to trend downward, significantly, a few neighborhoods we cover in our report — Fort Greene and Bed-Stuy West to name two — are experiencing strong demand for townhomes. As always, location, uniqueness and competitive inventory are major contributors to any particular asset’s value.

Townhouses Just over $198MM worth of 1- to 4-family townhouses traded hands in 3Q20, versus $528MM during 3Q19, a decrease of $330MM, or 62.5%. Over the same time frame transaction volume decreased by 59.0% and the average sales price moved down by 8.5% to $2.1MM. A market-wide overview and notable transactions appear on page 12 of this report.

Condominiums Approximately $174MM worth of condominiums sold in 3Q20, versus $573MM during 3Q19, a decrease of $399MM, or 69.6%. The number of transactions dropped by 66.4%, year over year, and the average sales price moved down by 9.36%. A market-wide overview and other notable condominium transactions appear on page 13 of this report.

EVBB Weekly Brooklyn Luxury Market Report We publish our luxury market report on a weekly basis. Our reports are different from what other firms produce as we report not only on “In Contract” deals but “New to Market” listings as well. We also distinguish between sponsor units and resales, as well as making note of Days on Market. Follow us on Instagram @evbrownstonebrooklyn, where we post this weekly report, along with other useful market observations and our exclusive listings. If you have a question about this report or if you need help understanding the value of your specific real estate holdings, please don’t hesitate to contact me directly. My insights and advice are complimentary. Stay Safe & Stay Informed,

Donald P. Brennan, Jr. License Partner | Real Estate Broker Engel & Völkers Brownstone Brooklyn Brennan Realty Services, LLC 45 Main Street, Suite 1022 Brooklyn, NY 11201 Email: donald.brennan@evrealestate.com Cell: (917) 568-6525 Web: brownstonebrooklyn.evrealestate.com My Instagram: @donaldbrennan.trustedadvisor Firm Instagram:@evbrownstonebrooklyn

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Neighborhoods Summary

Brooklyn Heights

Cobble Hill

Carroll Gardens

Columbia Street Waterfront District

Boerum Hill

Gowanus

Fort Greene

Clinton Hill

Prospect Heights

Park Slope

Bedford-Stuyvesant (West)

Bedford-Stuyvesant (East)

Downtown Brooklyn

Greenpoint

Williamsburg

DUMBO

Townhouse Market Neighborhood Overview

Condominium Market Neighborhood Overview

Exclusive Listings

Notes

3Q 2020 Market Report | 4

BROWNSTONE BROOKLYN Townhouse Summary The townhouse market saw 94 closed

1 to 4 Family Townhouses

sales this period, which, although still only half as many as the prior year, was a 9.30% increase from the previous quarter. Furthermore, prices are relatively level with the prior quarter, where average price per square foot was just 0.89% down. With that said, average sales price was down on both periods, notably by over 8% on the year. The

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$2,107,348

-1.99%

$2,150,176

-8.53%

$2,303,903

$744

-0.89%

$751

-12.87%

$854

$1,855,000

-3.64%

$1,925,000

-2.88%

$1,910,000

229

four-quarter trailing average is $760 PSF and

$2.1MM

(in Millions)

under $2.1MM gross.

AVERAGE SALES PRICE THIS QUARTER

$20.0

$2500 $2,500

$16.0

$2,000 $2000

$12.0

$1,500 $1500

$8.0

$1,000 $1000

$4.0

$500 $500

$0.0

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

Condo Summary The condominium market saw a further

Condominium Units

decline in transaction volume to 141 this quarter. While average sales price was still quarter. Average PPSF was down moderately on both periods. The four-quarter trailing average is $1,134 PSF and just under $1.3MM gross.

9.33% AVERAGE PPSF DECREASE YEAR OVER YEAR

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

(in Millions)

down on the year, it was up slightly on the

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,237,158

2.45%

$1,207,555

-9.36%

$1,364,950

$1,093

-3.67%

$1,134

-9.33%

$1,205

$1,050,000

2.44%

$1,025,000

-11.21%

$1,182,500

141

151

420

$20 $20.0

$2000 $2,000

$16.0 $16

$1,600 $1600

$12.0 $12

$1,200 $1200

$8.0 $8

$800

$4.0 $4

$400

$0.0 $0

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0$0

All materials presented herein are prepared by Brennan Realty Services LLC, and are intended for informational purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice. Property information was gathered through StreetEasyTM, PropertySharkTM, NYC.gov, and other sources deemed reliable. Methodology subject to change.

3Q 2020 Market Report | 5

BROOKLYN HEIGHTS Townhouse Summary Brooklyn Heights saw only 2 townhouse

1 to 4 Family Townhouses

transactions this third quarter, a striking drop in volume compared with levels from the prior year. However, the two properties that traded hands have an average sales price of 11.7% above the prior year at $6.09MM. Average PPSF is also impressively up on the quarter at $1,551 PSF. The fourquarter trailing average is $1,514 PSF and

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$6,097,500

68.79%

$3,612,500

11.73%

$5,457,222

$1,551

52.73%

$1,016

-11.84%

$1,759

$6,097,500

63.69%

$3,725,000

17.26%

$5,200,000

52.73% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

(in Millions)

just under $5.2MM gross. $15.0 $15.0

$4000 $4,000

$12.0 $12.0

$3,200 $3200

$9.0 $9.0

$2,400 $2400

$6.0 $6.0

$1,600 $1600

$3.0 $3.0

$800 $800

$0.0 $0.0

2018 3Q2018 4Q2019 1Q2019 3Q 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 2020 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0 $0

Condo Summary Brooklyn Heights saw 5 condo deals close

Condominium Units

this period, which is up impressively from the second quarter. For these deals, average over-quarter and by 13.83% year-overyear. Meanwhile, average PPSF decreased moderately on the quarter to $1,350 PSF. The four-quarter trailing average is $1,382 PSF and just under $2.0MM gross.

$2.5MM AVERAGE SALES PRICE THIS QUARTER

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

(in Millions)

sales price increased by 31.95% quarter-

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$2,500,400

31.95%

$1,895,000

13.83%

$2,196,624

$1,350

-15.33%

$1,594

-3.09%

$1,393

$1,995,000

5.28%

$1,895,000

-4.66%

$2,092,500

$20 $20.0

$2000 $2,000

$16.0 $16

$1,600 $1600

$12.0 $12

$1,200 $1200

$8.0 $8

$800 $800

$4.0 $4

$400 $400

$0.0 $0

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0 $0

3Q 2020 Market Report | 6

COBBLE HILL Townhouse Summary There were 3 townhouse transactions

1 to 4 Family Townhouses

in Cobble Hill this third quarter of 2020. Pricing across the board was depressed in price and PPSF were down 35.51% and 34.57%, respectively, on the quarter. The four-quarter trailing average is $1,126 PSF and just under $4MM gross.

29.58% AVERAGE PPSF DECREASE YEAR OVER YEAR

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$3,946,433

-35.51%

$6,119,396

-20.20%

$4,945,301

$1,076

-34.57%

$1,645

-29.58%

$1,528

$3,850,000

-37.09%

$6,119,396

-14.35%

$4,495,000

$9.0.0 $9.0

$2500 $2,500

$7.2 $7.2.0

$2,000 $2000

$5.4 $5.4.0

$1,500 $1500

$3.6 $3.6.0

$1,000 $1000

$1.8 $1.8.0

$500 $500

(in Millions)

this neighborhood, notably average sales

3Q20

$0.0 $0.0.0

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

Condo Summary The third quarter in Cobble Hill saw a

Condominium Units

strong increase in volume to 7. The uptick in transaction volume may be attributed to the absorbable average sales price, which at $1.13MM is down 35.74% on the quarter and 66.21% on the year. With that said, average PPSF is almost 4% above the prior quarter at $1,231 PSF. The four-quarter trailing average is $1,166 PSF and over

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,132,571

-35.74%

$1,762,500

-66.21%

$3,351,968

$1,231

3.69%

$1,187

-20.63%

$1,551

$1,175,000

-33.33%

$1,762,500

-67.52%

$3,617,388

$1.3MM gross.

AVERAGE PPSF THIS QUARTER

$2000 $2,000

$5.6 $5.6.0

$1,600 $1600

$4.2 $4.2.0

$1,200 $1200

$2.8 $2.8.0

$800

$1.4 $1.4.0

$400

(in Millions)

$1,231

$7.0

$0.0 $0.0.0

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0 $0

3Q 2020 Market Report | 7

CARROLL GARDENS Townhouse Summary Carroll Gardens saw 2 townhouse

1 to 4 Family Townhouses

transactions this quarter. For these two deals, average sales price was strongly up on However, PPSF was significantly down on both periods at $747 PSF. The four-quarter trailing average is $1,040 PSF and just over $3MM gross.

39.44% AVERAGE PPSF DECREASE YEAR OVER YEAR

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

(in Millions)

the quarter, and just 3% down on the year.

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$3,225,000

27.47%

$2,530,000

-3.41%

$3,338,949

$747

-42.40%

$1,296

-39.44%

$1,233

$3,225,000

27.47%

$2,530,000

4.03%

$3,100,000

$10.0

$2500 $2,500

$8.0

$2,000 $2000

$6.0

$1,500 $1500

$4.0

$1,000 $1000

$2.0

$500

$0.0

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

Condo Summary Only two condo transactions closed in

Condominium Units

Carroll Gardens this quarter, which is a sharp drop from last quarter’s already depressed volume. However, between the two properties, average sales price was strongly above levels from the previous quarter and year at $1.6MM. Average PPSF also was up on both periods, notably by 8.25% on the year. The four-quarter trailing average is

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,605,000

18.98%

$1,349,020

9.74%

$1,462,541

$1,353

3.83%

$1,303

8.25%

$1,249

$1,605,000

72.58%

$930,000

22.71%

$1,308,000

9.74% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

(in Millions)

$1,228 PSF and just over $1.3MM gross. $5.0 $5.0

$2000 $2,000

$4.0 $4.0

$1,600 $1600

$3.0 $3.0

$1,200 $1200

$2.0 $2.0

$800

$1.0 $1.0

$400

$0.0 $0.0

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0 $0

3Q 2020 Market Report | 8

COLUMBIA STREET WATERFRONT DISTRICT Townhouse Summary There was no activity in the Columbia Street

1 to 4 Family Townhouses

Waterfront District this quarter. The four-

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

Average Sales Price

$3,800,000

Average Price Per Sq Ft

$1,185

Median Sales Price

$3,800,000

Number of Sales

quarter trailing average is $1,074 PSF and

(in Millions)

just under $3.4MM gross.

$5.0

$2500 $2,500

$4.0

$2,000 $2000

$3.0

$1,500 $1500

$2.0

$1,000 $1000

$1.0

$500

$0.0

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

Condo Summary Columbia Street Waterfront District saw two

Condominium Units

condo transactions this quarter. The average sales price of these two transactions is however it is a 77% increase from last quarter’s $455K anomaly. The four-quarter trailing average is $1,134 PSF and under $1.3MM gross.

$934 AVERAGE PPSF THIS QUARTER

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

(in Millions)

still well below previous periods’ statistics,

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$807,500

77.47%

$455,000

-41.41%

$1,378,158

$934

3.04%

$906

-20.04%

$1,168

$807,500

77.47%

$455,000

-34.62%

$1,235,000

$3.75 $3.75

$2000 $2,000

$3.00

$1,600 $1600

$2.25 $2.25

$1,200 $1200

$1.50 $1.50

$800

$0.75 $0.75

$400

$0.00 $0.00

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

3Q 2020 Market Report | 9

BOERUM HILL Townhouse Summary In Boerum Hill, there were 3 townhouse

1 to 4 Family Townhouses

transactions this quarter. While average sales price increased by almost 50% on the quarter, the other hand, a strong increase of 40.78% in average PPSF at $1,285 suggests recovery to pre-Covid levels for the neighborhood. The four-quarter trailing average is $1,325 PSF and just over $3.2MM gross.

2.34% AVERAGE PPSF DECREASE YEAR OVER YEAR

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$3,349,167

48.85%

$2,250,000

-15.75%

$3,975,400

$1,285

40.78%

$913

-2.34%

$1,316

$3,047,500

35.44%

$2,250,000

-18.73%

$3,750,000

$10.0 $10.0

$2500 $2,500

$8.0 $8.0

$2,000 $2000

$6.0 $6.0

$1,500 $1500

$4.0 $4.0

$1,000 $1000

$2.0 $2.0

$500

(in Millions)

it is still 15.75% shy of last year’s levels. On

3Q20

$0.0 $0.0

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

Condo Summary Boerum Hill saw 9 condo transactions

Condominium Units

this third quarter. Average sales price was down on both periods by a similar degree; however, average PPSF is up 4.43% on the quarter and down comparably on the year. The four-quarter trailing average is $1,275 PSF and just under $1.7MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

9.69% AVERAGE SALES PRICE DECREASE YEAR OVER YEAR

(in Millions)

Number of Sales

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,380,250

-8.40%

$1,506,875

-9.69%

$1,528,321

$1,226

4.43%

$1,174

-3.98%

$1,276

$1,372,500

-8.42%

$1,498,750

9.58%

$1,252,500

$7.5

$2000 $2,000

$6.0

$1,600 $1600

$4.5

$1,200 $1200

$3.0

$800 $800

$1.5

$400

$0.0 $0.0

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

3Q 2020 Market Report | 10

GOWANUS Townhouse Summary Gowanus had 2 townhouse transactions

1 to 4 Family Townhouses

this quarter. Although average sales price was 6.00% higher on the quarter, it was still significantly down on the year. Average PPSF saw similar decreases on both periods, averaging 20.57%. The four-quarter trailing average is $1,033 PSF and just over $2.0MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$1.85MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

Number of Sales

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,854,950

6.00%

$1,750,000

-22.48%

$2,392,857

$868

-21.87%

$1,111

-19.27%

$1,075

$1,854,950

6.00%

$1,750,000

-15.68%

$2,200,000

$5.0

$2,500

$4.0

$2,000

$3.0

$1,500

$2.0

$1,000

$1.0

$500

$0.0

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

Condo Summary Gowanus had a drastic decline in condo

Condominium Units

transactions this quarter to 2. These two deals had an average sales price of $857K, significantly down on the year. Average PPSF is $1,090, which follows a similar trend as average sales price movement on the periods. The four-quarter trailing average is $1,070 PSF and under $890K gross.

9.40% AVERAGE PPSF DECREASE YEAR OVER YEAR

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

(in Millions)

which is moderately up on the quarter but

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$857,500

8.23%

$792,258

-27.02%

$1,174,989

$1,090

4.19%

$1,046

-9.40%

$1,203

$857,500

18.28%

$725,000

-32.75%

$1,275,000

$5.0

$2000 $2,000

$4.0

$1,600 $1600

$3.0

$1,200 $1200

$2.0

$800

$1.0

$400

$0.0

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

3Q 2020 Market Report | 11

FORT GREENE Townhouse Summary Fort Greene saw an impressive rise in

1 to 4 Family Townhouses

transaction volume to 8 this quarter. While average sales price is moderately down on the quarter, it is 4.45% up on the year. Average PPSF is level with the prior year. The four-quarter trailing average is $945 PSF and just under $2.9MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$947 AVERAGE PPSF THIS QUARTER

(in Millions)

Number of Sales

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$2,868,625

-11.73%

$3,250,000

4.45%

$2,746,375

$947

-2.29%

$969

0.79%

$939

$3,150,000

-10.64%

$3,525,000

14.64%

$2,747,623

$7.5 $7.5

$2500 $2,500

$6.0 $6.0

$2,000 $2000

$4.5 $4.5

$1,500 $1500

$3.0 $3.0

$1,000 $1000

$1.5

$500 $500

$0.0

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

Condo Summary Fort Greene saw four condo transactions

Condominium Units

this quarter, which is the lowest volume in our record. On the quarter, average sales rose markedly by 15.72%. Average PPSF decreased on both periods moderately. The four-quarter trailing average is $1,075 PSF and under $1.2MM gross.

15.72% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

(in Millions)

price dropped slightly, but on the year, it

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,254,375

-3.03%

$1,293,570

15.72%

$1,083,974

$1,017

-3.87%

$1,058

-8.60%

$1,112

$1,212,500

-6.37%

$1,295,000

7.49%

$1,128,000

$3.75

$2000 $2,000

$3.00

$1,600 $1600

$2.25

$1,200 $1200

$1.50 $1.50

$800

$0.75 $0.75

$400 $400

$0.0 $0.00

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

3Q 2020 Market Report | 12

Townhouse Market Neighborhood Overview Average Price Per Sq Ft

Average Sales Price

Average SF

Total # of Properties

Gross Transaction Volume

# of Transactions

% of Total Transactions

Brooklyn Heights

$1,551

$6,097,500

3,925

509

$12,195,000

Cobble Hill

$1,076

$3,946,433

3,654

987

$11,839,300

Boerum Hill

$1,285

$3,349,167

2,747

810

$10,047,500

Carroll Gardens

$747

$3,225,000

4,426

1,461

$6,450,000

Fort Greene

$947

$2,868,625

3,060

1,260

$22,949,000

Clinton Hill

$956

$2,768,333

2,845

1,376

$8,305,000

Park Slope

$982

$2,575,188

2,685

5,588

$41,203,000

17%

Prospect Heights

$911

$2,411,250

2,598

925

$9,645,000

Greenpoint

$753

$1,921,250

2,551

2,199

$7,685,000

Gowanus

$868

$1,854,950

2,163

984

$3,709,900

Williamsburg

$573

$1,646,747

2,905

3,099

$14,820,722

10%

Bedford-Stuyvesant West

$570

$1,483,853

2,729

4,397

$25,225,499

18%

Bedford-Stuyvesant East

$423

$1,143,611

2,867

6,863

$24,015,829

22%

Downtown Brooklyn

Columbia Water District

204

DUMBO

$744

$2,107,348

2,867

30,741

$198,090,750

100%

Market*

ALL

* Ranked by â&#x20AC;&#x153;Average Sales Priceâ&#x20AC;?

Top 5 Townhouse Sales By Sales Price

Top 5 Townhouse Sales By Price Per Square Foot

Address

Neighborhood

Sales Price

Square Feet

$PSF

314 Hicks St

Brooklyn Heights

$6,795,000

4,000

$1,699

48 Sidney Pl

Brooklyn Heights

$5,400,000

3,850

198 Warren St

Cobble Hill

$4,739,300

163 6th Ave

Park Slope

48 Downing St

Clinton Hill

Rank

Address

Neighborhood

Sales Price

Square Feet

$PSF

314 Hicks St

Brooklyn Heights

$6,795,000

4,000

$1,699

$1,403

71 Nevins St

Boerum Hill

$3,047,500

1,840

$1,656

3,792

$1,250

720 Sackett St

Park Slope

$2,325,000

1,500

$1,550

$4,395,000

4,295

$1,023

48 Sidney Pl

Brooklyn Heights

$5,400,000

3,850

$1,403

$4,185,000

4,000

$1,046

198 Warren St

Cobble Hill

$4,739,300

3,792

$1,250

Rank

3Q 2020 Market Report | 13

Condominium Market Neighborhood Overview Market*

Average Price Per Sq Ft

Average Sales Price

Average SF

Total # of Properties

Gross Transaction Volume

# of Transactions

% of Total Transactions

DUMBO

$1,408

$2,060,259

1,394

1,266

$14,421,812

Carroll Gardens

$1,353

$1,605,000

1,187

733

$3,210,000

Brooklyn Heights

$1,350

$2,500,400

1,642

950

$12,502,000

Cobble Hill

$1,231

$1,132,571

911

669

$7,928,000

Boerum Hill

$1,226

$1,380,250

1,098

907

$12,422,250

Park Slope

$1,224

$1,390,333

1,160

3,017

$16,684,000

Prospect Heights

$1,187

$1,355,646

1,143

1,544

$13,556,457

Greenpoint

$1,114

$1,086,934

1,037

1,313

$11,956,276

Gowanus

$1,090

$857,500

786

610

$1,715,000

Downtown Brooklyn

$1,081

$1,002,167

927

1,742

$6,013,000

Williamsburg

$1,079

$1,216,075

1,176

9,805

$48,643,000

28%

Clinton Hill

$1,022

$1,800,000

1,762

1,064

$1,800,000

Fort Greene

$1,017

$1,254,375

1,267

879

$5,017,500

Columbia Water District

$934

$807,500

869

746

$1,615,000

Bedford-Stuyvesant West

$786

$742,364

983

2,675

$14,847,271

14%

Bedford-Stuyvesant East

$588

$702,577

1,369

450

$2,107,730

$1,093

$1,237,158

1,134

28,370

$174,439,296

141

100%

ALL

* Ranked by â&#x20AC;&#x153;Average Price Per Sq Ftâ&#x20AC;?

Top 5 Condominium Sales By Sales Price Rank 1

Address

Neighborhood

Sales Price

Top 5 Condominium Sales By Price Per Square Foot Square $PSF Feet

90 Furman St #N1008 Brooklyn Heights $6,150,000 3,201 $1,921

1 John St #3a

DUMBO

286 N 6th St #2861a

Williamsburg

1 John St #5C

DUMBO

72 Poplar St #2B

Rank 1

Address

Neighborhood

Sales Price

Square $PSF Feet

90 Furman St #N1008 Brooklyn Heights $6,150,000 3,201 $1,921

$4,550,000 2,595 $1,753

361 6th Ave #1

Park Slope

$1,630,000 1,200 $1,831

$3,120,000 3,126

1 John St #5C

DUMBO

$2,700,000 1,492 $1,810

1 John St #3a

DUMBO

$4,550,000 2,595 $1,753

Brooklyn Heights $2,575,000 1,598 $1,611

205 Water St #2a

DUMBO

$1,476,812

$998

863

$1,711

3Q 2020 Market Report | 14

CLINTON HILL Townhouse Summary Clinton Hill saw 3 townhouse transactions

1 to 4 Family Townhouses

this quarter. Average sales price is notably up by 18.18% on the quarter and by 4.57% on the year. Increases are also reflected on

Average Sales Price

a price per square foot basis, where average

Average Price Per Sq Ft

PPSF rose impressively to pre-Covid levels at

Median Sales Price

is $861 PSF and just under $2.4MM gross.

Number of Sales

21.58% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

(in Millions)

$956 PSF. The four-quarter trailing average

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$2,768,333

18.18%

$2,342,500

4.57%

$2,647,292

$956

21.58%

$786

0.64%

$950

$2,125,000

-8.31%

$2,317,500

-24.11%

$2,800,000

$7.5 $7.5

$2500 $2,500

$6.0

$2,000 $2000

$4.5

$1,500 $1500

$3.0

$1,000 $1000

$1.5

$500

$0.0

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

Condo Summary There was only one condo transaction this

Condominium Units

quarter in Clinton Hill, a stark contrast to its volume a year ago at 10. However, this expensive than the average sales price achieved a year ago. With that said, its PPSF of $1,022 is 6.10% lower. The four-quarter trailing average is $1,032 PSF and under $1.2MM gross.

$1,032 AVERAGE PPSF OVER TRAILING FOUR QUARTERS

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

(in Millions)

property at $1.8MM was 46.12% more

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,800,000

39.15%

$1,293,570

46.12%

$1,231,900

$1,022

-3.37%

$1,058

-6.10%

$1,088

$1,800,000

39.00%

$1,295,000

47.24%

$1,222,500

$3.75 $3.75

$2000 $2,000

$3.00 $3.00

$1600 $1,600

$2.25 $2.25

$1200 $1,200

$1.50 $1.50

$800

$0.75 $0.75

$400

$0.0 $0.00

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

3Q 2020 Market Report | 15

PROSPECT HEIGHTS Townhouse Summary There were 4 townhouse transactions this

1 to 4 Family Townhouses

third quarter in Prospect Heights. Average sales price decreased moderately on the quarter but increased by a similar degree on the year. Average PPSF decreased on both periods, now to $911 PSF. The four-quarter trailing average is $920 PSF and just over $2.4MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

(in Millions)

$911 AVERAGE PPSF THIS QUARTER

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$2,411,250

-5.07%

$2,540,000

4.95%

$2,297,500

$911

-11.47%

$1,029

-14.22%

$1,062

$2,200,000

0.00%

$2,200,000

-0.56%

$2,212,500

$7.5 $7.5

$2500 $2,500

$6.0 $6.0

$2,000 $2000

$4.5 $4.5

$1,500 $1500

$3.0

$1,000 $1000

$1.5

$500

$0.0

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

Condo Summary Prospect

Heights

saw

another

ten

Condominium Units

transactions this quarter, which is half of the volume from previous year. Average sales price was level on the quarter, but down moderately on the year. PPSF followed a similar trend. The four-quarter trailing average is $1,246 PSF and over $1.4MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$1,187

AVERAGE PPSF THIS QUARTER

(in Millions)

Number of Sales

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,355,646

-0.55%

$1,363,187

-12.55%

$1,550,127

$1,187

0.36%

$1,182

-4.02%

$1,236

$1,326,400

2.31%

$1,296,500

-14.29%

$1,547,500

$5$5.0

$2000 $2,000

$4$4.0

$1,600 $1600

$3.0 $3

$1,200 $1200

$2$2.0

$800

$1$1.0

$400

$0.0 $0

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

3Q 2020 Market Report | 16

PARK SLOPE Townhouse Summary Park Slope had a strong third quarter

1 to 4 Family Townhouses

recovery with a 77.78% increase in townhouse transactions to 16 from the prior quarter. While the uptick in volume may be indicative of buyer preference for outdoor space, the 24.30% quarter-over-quarter decrease in average sales price suggests increased buyer bargaining power. The fourquarter trailing average is $1,012 PSF and

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$2,575,188

-24.30%

$3,401,806

-15.32%

$3,040,997

$982

-5.93%

$1,044

-5.64%

$1,041

$2,270,000

-27.24%

$3,120,000

-15.11%

$2,674,182

15.32% AVERAGE SALES PRICE DECREASES YEAR OVER YEAR

(in Millions)

just over $2.8MM gross. $20.0

$2500 $2,500

$16.0

$2,000 $2000

$12.0

$1,500 $1500

$8.0

$1,000 $1000

$4.0

$500 $500

$0.0

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0 $0

Condo Summary Park Slope saw only 12 condo transactions

Condominium Units

this third quarter of 2020. Average sales price increased almost 7% to be level with the prior year. Meanwhile, average PPSF is just slightly up on both periods to $1,224 PSF. The four-quarter trailing average is $1,195 PSF and under $1.4MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

2.34% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

(in Millions)

Number of Sales

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,390,333

6.94%

$1,300,076

0.62%

$1,381,754

$1,224

2.34%

$1,196

1.62%

$1,205

$1,387,500

29.90%

$1,068,144

1.46%

$1,367,500

$7.5 $7.5

$2000 $2,000

$6.0

$1,600 $1600

$4.5

$1,200 $1200

$3.0 $3.0

$800

$1.5 $1.5

$400

$0.0 $0.0

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

3Q 2020 Market Report | 17

BEDFORD-STUYVESANT (West) Townhouse Summary There were 17 townhouse transactions in

1 to 4 Family Townhouses

Bedford-Stuyvesant West this third quarter, which is half the volume from the same period a year ago. Average sales price was

Average Sales Price

down 9.34% on the quarter at $1.48MM

Average Price Per Sq Ft

but was level on the year. Average PPSF was $570, which is just under 2.5% down

Median Sales Price

quarter-over-quarter. The four-quarter

Number of Sales

trailing average is $585 PSF and over

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,483,853

-9.34%

$1,636,778

0.46%

$1,477,062

$570

-2.45%

$584

-1.36%

$578

$1,425,000

-14.93%

$1,675,000

2.52%

$1,390,000

9.34% AVERAGE SALES PRICE DECREASE QUARTER OVER QUARTER

(in Millions)

$1.6MM gross. $7.5 $7.5

$2500 $2,500

$6.0 $6.0

$2,000 $2000

$4.5 $4.5

$1,500 $1500

$3.0

$1,000 $1000

$1.5

$500

$0.0

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

Condo Summary While condo transaction volume recovered

Condominium Units

slightly in Bedford-Stuyvesant West this third quarter with 20 deals, it is still 64.29% sales price was down by almost 10% on the quarter, and to a lesser extent, average PPSF was down by 7.65% to $786 PSF. The fourquarter trailing average is $793 PSF and just over $785K gross.

9.98% AVERAGE SALES PRICE DECREASE QUARTER OVER QUARTER

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

(in Millions)

below volume from the prior year. Average

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$742,364

-9.98%

$824,658

-3.68%

$770,736

$786

-7.65%

$851

-5.35%

$831

$778,000

-11.09%

$875,000

2.37%

$760,000

$3.75

$2000 $2,000

$3.00

$1,600 $1600

$2.25

$1,200 $1200

$1.50

$800

$0.75

$400

$0.0

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

3Q 2020 Market Report | 18

BEDFORD-STUYVESANT (East) Townhouse Summary Bedford-Stuyvesant East had 21 townhouse

1 to 4 Family Townhouses

transactions this third quarter. Average sales price decreased 20.31% on the quarter. More notably, average PPSF decreased 24.34% in the same period to $423 PSF. The four-quarter trailing average is $494 PSF and just under $1.3MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

AVERAGE PPSF THIS QUARTER

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,143,611

-20.31%

$1,435,091

-7.95%

$1,242,330

$423

-24.34%

$559

-14.67%

$496

$1,080,000

-24.21%

$1,425,000

-4.64%

$1,132,500

$3.75 $3.75

$1500 $1,500

$3.0 $3.00

$1,200 $1200

$2.25 $2.25

$900 $900

$1.50 $1.50

$600 $600

$0.75 $0.75

$300 $300

(in Millions)

$423

3Q20

$0.0 $0.00

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0 $0

Condo Summary Bedford-Stuyvesant East had three condo

Condominium Units

transactions this quarter. Compared with the prior quarter’s two transactions, this average being 18% lower on a price per square foot basis. Compared with the prior year, average PPSF decreased more significantly by 23.43%. The four-quarter trailing average is $592 PSF and just over $581K gross.

23.43% AVERAGE PPSF DECREASE YEAR OVER YEAR

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

(in Millions)

sales price was almost 25% higher, despite

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$702,577

24.90%

$562,500

1.19%

$694,333

$588

-18.83%

$724

-23.43%

$768

$620,000

10.22%

$562,500

-11.43%

$700,000

$2.0 $2.0

$1500 $1,500

$1.6 $1.6

$1,200 $1200

$1.2

$900 $900

$1.8 $0.8

$600 $600

$0.4 $0.4

$300 $300

$0.0

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

3Q 2020 Market Report | 19

DOWNTOWN BROOKLYN Townhouse Summary There were no townhouse transactions in

1 to 4 Family Townhouses

Downtown Brooklyn this quarter. The four-

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

Average Sales Price

$3,975,000

Average Price Per Sq Ft

$1,240

Median Sales Price

$3,975,000

Number of Sales

quarter trailing average is $1,240 PSF and

(in Millions)

just under $4MM gross..

$7.5 $7.5

$2500 $2,500

$6.0 $6.0

$2,000 $2000

$4.5 $4.5

$1,500 $1500

$3.0

$1,000 $1000

$1.5

$500

$0.0

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

Condo Summary Condominium transactions in Downtown

Condominium Units

Brooklyn continued to decrease this quarter, now to 6. Average sales price and PPSF were down on both periods, with more notable decreases on the quarter. The four-quarter trailing average is $1,183 PSF and just over $1.2MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

19.63% AVERAGE SALES PRICE DECREASE YEAR OVER YEAR

(in Millions)

Number of Sales

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,002,167

-27.14%

$1,375,455

-19.63%

$1,247,015

$1,081

-8.72%

$1,184

-7.64%

$1,170

$922,500

-19.78%

$1,150,000

-7.75%

$999,999

$5$5.0

$2000 $2,000

$4$4.0

$1,600 $1600

$3.0 $3

$1,200 $1200

$2$2.0

$800

$1$1.0

$400

$0.0 $0

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

3Q 2020 Market Report | 20

GREENPOINT Townhouse Summary Greenpoint saw 4 townhouse transactions

1 to 4 Family Townhouses

this third quarter. Of the closed deals, average sales price decreased 17.86% on the quarter to $1.92MM. Average PPSF also

Average Sales Price

saw decreases but by 2.18% to $753 PSF this

Average Price Per Sq Ft

quarter. The four-quarter trailing average is $794 PSF and just under $2.0MM gross.

Median Sales Price

$753 AVERAGE PPSF THIS QUARTER

(in Millions)

Number of Sales

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,921,250

-17.86%

$2,339,000

-4.54%

$2,012,714

$753

-2.18%

$770

-15.82%

$895

$1,917,500

-20.93%

$2,425,000

3.65%

$1,850,000

$7.5 $7.5

$2500 $2,500

$6.0 $6.0

$2,000 $2000

$4.5 $4.5

$1,500 $1500

$3.0

$1,000 $1000

$1.5

$500

$0.0

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

Condo Summary The third quarter in Greenpoint saw an

Condominium Units

increase in condo transactions to 11. While this is almost double the volume of the prior Covid levels. For both periods, average sales price and PPSF decreased, where the decline is larger on the year. The four-quarter trailing average is $1,274 PSF and just under $1.3MM gross.

22.69% AVERAGE SALES PRICE DECREASE YEAR OVER YEAR

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,086,934

-12.11%

$1,236,631

-22.69%

$1,405,860

$1,114

-14.71%

$1,306

-18.52%

$1,367

$999,999

-5.21%

$1,055,000

-21.57%

$1,275,000

$5$5.0

$2000 $2,000

$4$4.0

$1,600 $1600

$3.0 $3

$1,200 $1200

(in Millions)

quarter, it is still a sharp drop-off from pre-

3Q20

$2$2.0

$800

$1$1.0

$400

$0.0 $0

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

3Q 2020 Market Report | 21

WILLIAMSBURG Townhouse Summary Williamsburg saw a rise in townhouse

1 to 4 Family Townhouses

transactions to 9 this quarter, a 200% increase in volume from the prior quarter. on the quarter, it is still down on the year. Average PPSF was $573 this quarter, which is 30.38% below levels from the prior year. The four-quarter trailing average is $777 PSF and just over $1.9MM gross.

30.38% AVERAGE PPSF YEAR OVER YEAR

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

(in Millions)

While average sales price was up slightly

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,646,747

4.22%

$1,580,000

-9.25%

$1,814,517

$573

-6.11%

$611

-30.38%

$823

$1,725,000

18.56%

$1,455,000

-5.03%

$1,816,425

$7.5 $7.5

$2500 $2,500

$6.0 $6.0

$2,000 $2000

$4.5 $4.5

$1,500 $1500

$3.0

$1,000 $1000

$1.5

$500

$0.0

2018 20182Q2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

Condo Summary Williamsburg saw 40 condo transactions this

Condominium Units

quarter, which is a new record low for the neighborhood. Average sales price was level the year. Average PPSF saw declines on both periods, where the decrease on the year was 16.50%. The four-quarter trailing average is $1,157 PSF and just over $1.2MM gross.

$1,079 AVERAGE PPSF THIS QUARTER

Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales

(in Millions)

on the quarter, but down by almost 7% on

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$1,216,075

0.96%

$1,204,460

-6.69%

$1,303,304

$1,079

-7.08%

$1,162

-16.50%

$1,293

$1,060,000

-4.72%

$1,112,500

-2.53%

$1,087,500

118

$7.5 $6.0

$2000 $2,000

$6.0

$1,600 $1600

$4.5

$1,200 $1200

$3.0

$800

$1.5

$400

$0.0

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

3Q 2020 Market Report | 22

DUMBO Condo Summary There were 7 condo transactions this

Condominium Units

quarter in DUMBO, a slight increase from last quarter’s low record. Average sales price was just over $2MM, which is an increase of 43.17% quarter-over-quarter and 3.06%

Average Sales Price

year-over-year. Increases were also reflected

Average Price Per Sq Ft

in the average PPSF, where it is up 14.83% on

Median Sales Price

is $1,360 PSF and under $2MM gross.

$2.1MM AVERAGE SALES PRICE

Number of Sales

(in Millions)

the quarter. The four-quarter trailing average

3Q20

%∆ (Qtr)

2Q20

%∆ (Yr)

3Q19

$2,060,259

43.17%

$1,439,000

3.06%

$1,999,112

$1,408

14.83%

$1,226

6.41%

$1,323

$1,830,000

30.71%

$1,400,000

20.39%

$1,520,000

$20 $20.0

$2000 $2,000

$16.0 $16

$1,600 $1600

$12.0 $12

$1200 $1,200

$8.0 $8

$800

$4.0 $4

$400 $400

$0.0 $0

2018 1Q2019 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0 $0

Would You Like To Know What Your Property Is Worth? Engel & Völkers Brownstone Brooklyn agents are your local experts— attuned to the fluctuating Brooklyn and Manhattan real estate markets. Let us provide you with a comprehensive and up-to-date complimentary valuation of your property, or a property that you are interested in acquiring. Simply call or email Donald using the contact information noted below. From representing residential buyers and sellers in re-sales and new development (townhouses, condos and co-ops), to landlords and renters of multi-family properties, Engel & Völkers Brownstone Brooklyn is a respected and trusted advisor. Advocacy is central to everything we do. No matter what your goals are, our team has decades of experience to help you reach them. This report was created with contributions from Engel & Völkers Brownstone Brooklyn team members Kyle Gregory and Peyton Yen. Donald P. Brennan, Jr. License Partner | Real Estate Broker Engel & Völkers Brownstone Brooklyn Brennan Realty Services, LLC 45 Main Street, Suite 1022 Brooklyn, NY 11201 Email: donald.brennan@evrealestate.com Cell: (917) 568-6525 Web: brownstonebrooklyn.evrealestate.com All materials presented herein are prepared by Brennan Realty Services LLC, and are intended for informational purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice. Property information was gathered through StreetEasyTM, PropertySharkTM, NYC.gov, and other sources deemed reliable. Methodology subject to change.

Exclusive Listings

A Selection of Our Exclusive Listings

2 Strong Place SOLD COBBLE HILL Single-Family Townhouse $6,874,000

4 Strong Place SOLD COBBLE HILL Single-Family Townhouse $5,091,250

15 Willow Street SOLD BROOKLYN HEIGHTS Four-Family Townhouse $4,810,000

2A Strong Place SOLD COBBLE HILL Single-Family Townhouse $4,475,000

388 Henry Street SOLD COBBLE HILL Two-Family $3,700,000

104 Butler Street SOLD BOERUM HILL Four-Family Townhouse $3,250,000

341 Sackett Street, SOLD Penthouse Duplex CARROLL GARDENS Three-Bedroom Condominium $3,200,000

24 Remsen Street, #4 SOLD BROOKLYN HEIGHTS Four-Bedroom Condominium $2,950,000

75 Livingston Street, #8CD SOLD BROOKLYN HEIGHTS Four-Bedroom Cooperative $2,850,000

Engel & Vรถlkers Brownstone Brooklyn 45 Main Street, Suite 1022 Brooklyn NY 11201 USA Telephone +1 718 858 8238 brownstonebrooklyn.evrealestate.com

449 Seventh Street SOLD PARK SLOPE Multi-Family Townhouse $2,815,100

99 Kane Street SOLD COLUMBIA STREET WATERFRONT DISTRICT Two-Family Townhouse $2,800,000

58 Strong Place #1A SOLD COBBLE HILL Three-Bedroom Condominium $ 2,200,000

176 12th Street SOLD GOWANUS Single-Family Townhouse $2,070,000

474 Dean Street SOLD PROSPECT HEIGHTS Two-Family Townhouse $1,995,000

24 Remsen Street, #2 SOLD BROOKLYN HEIGHTS Two-Bedroom Condominium $1,950,000

341 Sackett Street, SOLD Garden Duplex CARROLL GARDENS One-Bedroom + Rec Room Condominium $1,900,000

24 Remsen Street, #3 SOLD BROOKLYN HEIGHTS Two-Bedroom Condominium $1,730,000

36 Cambridge Place SOLD CLINTON HILL Two-Family Townhouse $1,715,000

400 East 56th Street SOLD UPPER EAST SIDE Two-Bedroom Cooperative $1,650,000

225 East 73rd Street, #4A SOLD UPPER EAST SIDE Two-Bedroom Cooperative $1,625,000

20 Pierrepont Street, #6D SOLD BROOKLYN HEIGHTS Two-Bedroom Cooperative $1,550,000

Engel & Vรถlkers Brownstone Brooklyn

45 Main Street, Ste 1022

Brooklyn NY 11201 USA

T +1 718 858 8238

brownstonebrooklyn.evrealestate.com

AM-166828 AM-156387

Available Exclusive Listing

Immaculate Italianate Brownstone 32 1st Place · Brooklyn · NY · 11231

Bedrooms · Dormitorio · Schlafzimmer Alcove Studio | Co-op

85 Livingston St #5O · Downtown Brooklyn · NY · 11201 Bathrooms · Baño · Badezimmer

Sq Ft Size · Superficie Construida · Wohnfläche Price · Preccio · Preis Price · Preccio · Prix Brownstonebrooklyn.evrealestate.com

6+ 4.5 6,075 $8,000,000 $495,000 $1,087

Maintenance · Alimenti · Pension Alimentaire Donald Brennan • C 927-568-6525 • donald.brennan@evrealestate.com www.brownstonebrooklyn.evrealestate.com Katriona 'Debi' Campbell-Kearney • C 917-680-3670 • katriona.kearney@evrealestate.com Deborah Pine C 804-512-1021 Peyton Yen • C 917-225-8374 • peyton.yen@evrealesate.com debi.pine@evrealestate.com © 2020 Engel

ID AM-148134

ID AM-148134 AM-156387

Available ExclusiveListing Listing Available Exclusive

Timeless onTownhouse Historic Block Bespoke Elegance Park Slope

369 Bergen StreetAvenue, · Brooklyn · 11201 16 South Portland Fort· NY Green · Brooklyn · NY · 11217

5+ Bedrooms 5 Bedrooms ·• Dormitorio Dormitorio·•Schlafzimmer Schlafzimmer 4.5 Timeless Elegance on Historic Block Bathrooms 3.5 ·• Badezimmer Bathrooms •· Baño Baño Badezimmer 16 South Portland Avenue, Fort Greene · Brooklyn · NY · 11217 3,040 Timeless Historic Block Sq Superficie Construida 3760 SF Sq Ft Ft Size Size •· Elegance Superficie Construida·on •Wohnfläche Wohnflӓche $3,200,000 16 South Portland Avenue, Fort Greene · Brooklyn · NY · 11217 Price $4,100,000 Price •· Preccio Preccio ·• Preis Preis 5 Bedrooms • Dormitorio • Schlafzimmer Brownstonebrooklyn.evrealestate.com www.brownstonebrooklyn.evrealestate.com 3.5 • Baño • Badezimmer Bathrooms 5 Bedrooms • Brennan Dormitorio • Schlafzimmer Donald • C 927-568-6525 • donald.brennan@evrealestate.com 3760 SF Living Area • Superficie Construida • Wohnflӓche Betsy Hoffman • C 917-622-3879 • betsy.hoffman@evrealestate.com 3.5 • Baño • Badezimmer Bathrooms Katriona Campbell-Kearney • C 917-680-3670 • katriona.kearney@evrealestate.com $4,800,000 Price Preccio •• Preis Shyda• Hoque C 718-570-6182 • shyda.hoque@evrealestate.com 3760 SF Livingwww.evrealestate.com Area • Superficie Construida • Wohnflӓche Samantha Slatwinski • C 718-541-1597 • samantha.slatwinski@evrealestate.com $4,800,000 Price • Engel Preccio & Völkers.•AllPreis rights reserved. Engel & Völkers and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. © 2020

Each property is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently

represented by a real estate broker, this is not an attempt to solicit your listing. www.evrealestate.com

Engel & & Völkers. reserved. Each brokerage independently owned and operated. All information is deemed reliableand but fully is notsupport guaranteed should be verified. your property currently represented byowned a real © ©2018 2019 Engel Völkers.All Allrights rights reserved. Engel & Völkers and its independent franchisees are Equal provided Opportunity Employers theand principles ofindependently the Fair Housing Act.If Each propertyisshop is independently estate broker, thisAll is not an attemptprovided to solicit is your listing.reliable Engel &but Völkers its independent LicensebePartners are Equalverified. Opportunity Employers andisfully supportrepresented the principles Housing Act.this is not an attempt to solicit your listing. and operated. information deemed is notand guaranteed and should independently If your property currently byofathe realFair estate broker,

© 2019 Engel & Völkers. All rights reserved. Engel & Völkers and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. Each property shop is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing.

ID AM-149731

ID AM-149731 AM-156387

Available ExclusiveListing Listing Available Exclusive

Exquisite Brooklyn Penthouse Bespoke Park SlopeHeights Townhouse 369 BergenStreet, Street PH · Brooklyn · NY · 11201 24 Remsen · Brooklyn · NY · 11201

5+ Bedrooms Dormitorio ·• Schlafzimmer 4 Bedrooms •· Dormitorio Schlafzimmer 4.5 Bathrooms Baño •· Badezimmer Badezimmer 3.5 Bathrooms •· Baño Exquisite Brooklyn Heights Penthouse 3,040 Exquisite Brooklyn Heights Penthouse Living Area Construdia 2,414 SF / 224 SM · Superficie · Wohnzimmer 24 Street, PH · Brooklyn Heights · NY · 11201 Sq Remsen Ft Size • Superficie Construida • Wohnflӓche $3,200,000 24 Remsen Price Street, PH · Brooklyn Heights · NY · 11201 Preccio •· Preis Preis $3,900,000 Price •·Preccio Bedrooms · Dormitorio · Schlafzimmer 4 Brownstonebrooklyn.evrealestate.com www.brownstonebrooklyn.evrealestate.com Bedrooms · Dormitorio ··Schlafzimmer Bathrooms Baño · Badezimmer 4 3.5 Brennan • C 927-568-6525 • donald.brennan@evrealestate.com 2,414 SF / 224 SM Bathrooms ·Donald Baño ·Area Badezimmer Living · Superficie Construdia · Wohnzimmer 3.5 Betsy ·Hoffman • C 917-622-3879 • betsy.hoffman@evrealestate.com Katriona Campbell-Kearney • C 917-680-3670 • katriona.kearney@evrealestate.com Price Preccio · Preis Living AreaShyda · Superficie Construdia · Wohnzimmer 224 SM Hoque • C 718-570-6182 • shyda.hoque@evrealestate.com 2,414 SF$/ 4,450,000 www.brownstonebrooklyn.evrealestate.com Price · Preccio · Preis Slatwinski • C 718-541-1597 • samantha.slatwinski@evrealestate.com Samantha

$ 4,450,000

& Völkers. All rights reserved. Engel & Völkers and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. Each property is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt toindependent solicit listing. AllAll rights reserved. Each brokerage independently andyour operated. All information is deemed reliable but not guaranteed and should beof independently verified. If your is currently represented by aowned real ©©2018 2019Engel Engel&&Völkers. Völkers. rights reserved. Engel & Völkers and itsowned franchisees are Equalprovided Opportunity Employers andisfully support the principles the Fair Housing Act. Eachproperty property shop is independently estate this All is not an attempt to solicit your listing. Engel & Völkers andguaranteed its independent are Equal Opportunity and fully support the principles by of the Fairestate Housing Act. this is not an attempt to solicit your listing. andbroker, operated. information provided is deemed reliable but is not and License should Partners be independently verified. If Employers your property is currently represented a real broker,

172254 AM-156387

Available ExclusiveListing Listing Available Exclusive 172254

Build Your Dream Home in Heights Build Your Dream Home inBrooklyn Brooklyn Heights Bespoke Park Slope Townhouse 33 Joralemon Street · Brooklyn, NY 11201 369 Bergen Street 33 Joralemon Street· Brooklyn · Brooklyn· NY · NY· 11201 · 11201

· Schlafzimmer · Dormitorios Bedrooms Bedrooms Dormitorio ·• Schlafzimmer Bedrooms •· Dormitorio Schlafzimmer Bathrooms · Badezimmer · Baños Bathrooms Baño Badezimmer Bathrooms •· Baño •· Badezimmer Lot Size del Lote · Losgröße Sq Ft Size· Tamaño • Superficie Construida • Wohnflӓche Build Your Dream Home in Price Preccio Preis Price · Preis · Precio · Preis · Precio · · Price • Preccio • Preis 33 Joralemon Street · Brooklyn, NY 11201 Brownstonebrooklyn.evrealestate.com www.brownstonebrooklyn.evrealestate.com

Brooklyn

5+ 5 5 4.54.5 4.5 20'3,040 x 85' 20' × 85' $3,200,000 Heights $2,795,000 $2,795,000

brownstonebrooklyn.evrealestate.com

Donald Brennan • C 927-568-6525 • donald.brennan@evrealestate.com · Schlafzimmer · Dormitorios Bedrooms Betsy Hoffman • C 917-622-3879 • betsy.hoffman@evrealestate.com Katriona Campbell-Kearney • C 917-680-3670 • katriona.kearney@evrealestate.com Bathrooms · Badezimmer · Baños • shyda.hoque@evrealestate.com Shyda Hoque • C 718-570-6182 Peyton Yen • C 917-225-8374 • peyton.yen@evrealesate.com Samantha Slatwinski • C 718-541-1597 • samantha.slatwinski@evrealestate.com ©2020 Engel & Völkers. All rights reserved. Each brokerage is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.

Price · Preis · Precio · Preis · Precio

5 4.5 20' x 85' $2,795,000

estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.

brownstonebrooklyn.evrealestate.com ©2020 Engel & Völkers. All rights reserved. Each brokerage is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a

AM-175441 AM-175441 AM-156387

Available Exclusive Listing

Loft Style Studio with Water Views 360 Furman Street, Apt 920 · Brooklyn · NY · 11201

Loft Style Studio with Water Views Bedrooms Dormitorio · Schlafzimmer ·| Alcove Studio Co-op 360 Furman Street, Apt 920 · Brooklyn NY 11201 85 Livingston St #5O · Downtown Brooklyn · NY · 11201 Bathrooms · Badezimmer · Baño Living Area · Wohnfläche · Superficie Construida Bedrooms · Dormitorios Price · Preis· ·Schlafzimmer Preccio Price · Preccio · Prix Bathrooms · Badezimmer · Baños BetsyHoffman.evrealestate.com

Maintenance · Alimenti · Pension Alimentaire Living Area · Wohnfläche · Superficie Construida Betsy Hoffman • C 917-622-3879 • betsy.hoffman@evrealestate.com www.brownstonebrooklyn.evrealestate.com Price · Preis · Precio Deborah 'Debi' Pine C 804-512-1021 BetsyHoffman.evrealestate.com debi.pine@evrealestate.com © 2020 Engel

0 1 588 SF $740,000 0 $495,000 1 $1,087 588 SF

$740,000

©2020 Engel & Völkers. All rights reserved. Each brokerage is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a Each property is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. represented by a real broker,Each thisbrokerage is not an attempt toowned solicit listing. ©2018 Engel & Völkers. Allestate rights reserved. independently andyour operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.

NOTES

Greenpoint

QUEENS

MANHATTAN Navy Yard

Williamsburg

DUMBO Brooklyn Heights

Downtown Brooklyn

Clinton Hill

Cobble Boerum Fort Greene Hill Hill Carroll Gardens Red Hook

Park Slope Greenwood Heights

BedfordStuyvesant

Prospect Heights

Gowanus

Windsor Terrace

Bushwick

Crown Heights

BROOKLYN Lefferts Gardens

Sunset Park

Fort Shop Locations

Hamilton DUMBO – 45 Main Street, Suite 1022

Cobble Hill – 221A Court Street

Prospect Heights – 663 Vanderbilt Avenue

Engel &Völkers Brownstone Brooklyn Office Phone: (718) 858 8238

Email: BrownstoneBrooklyn@EVRealEstate.com Web: BrownstoneBrooklyn.EVRealEstate.com @EVBrownstoneBrooklyn

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