Engel & Völkers Brownstone Brooklyn 1Q22 Market Report by Engel & Völkers Brownstone Brooklyn

1Q22

BROWNSTONE BROOKLYN MARKET REPORT

Brownstone Brooklyn Market Report 1Q22 Dear Reader, Clear evidence of the resurgent desirability of Brooklyn brownstones is present in the market data from the 1st quarter of 2022 — the greatest number of deals recorded and highest dollar volume in a 1st quarter, as well as the third highest quarterly average sale price, ever. And while condominium sales didn’t set similar records, most metrics we measure are back to pre-pandemic levels. A very welcome sign that the Brooklyn version of urban living is alive and well, and flourishing!

Townhouses Just over $512MM worth of 1- to 4-family townhouses traded hands in 1Q22, versus $431MM during 1Q21, an increase of $81MM, or 18.8%. Over the same time frame, transaction volume, 202 sales, increased by 8.0%, but experienced a slight decrease from 211 in 4Q21. The average sales price moved up by 10.1% to $2.53MM, year-over-year. A market-wide overview and notable transactions appear on page 12 of this report.

Condominiums Approximately $528MM worth of condominiums sold in 1Q22, versus $572MM during 1Q21, a moderate decrease of $44MM, or 7.6%. Similarly, the number of transactions decreased by 19.4%, year-over-year, and was down by 14.5% over 4Q21. However, the average sales price increased by 14.7%. A market-wide overview and other notable condominium transactions appear on page 13 of this report.

Weekly Brooklyn Luxury Market Report In addition to this quarterly closed sales report, we track New to Market listings and In Contract deals on a weekly basis. Follow me on Instagram @donaldbrennan.trustedadvisor where I post this weekly report, along with other useful market observations and our exclusive listings. We also discuss these proprietary reports on our How’s The Market? video series, which is hosted on our Engel & Völkers Brownstone Brooklyn YouTube channel. If you have a question about this report or if you need help understanding the value of your specific real estate holding, please don’t hesitate to contact me directly. My insights and advice are always 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 824 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

1Q 2022 Market Report | 4

BROWNSTONE BROOKLYN Townhouse Summary The townhouse market saw 202 closed sales

1 to 4 Family Townhouses

this period. The strength in our Brooklyn townhouse market was reflected in our price metrics, particularly by a 10.1% yearover-year increase in average sales price to $2.53MM. The four-quarter trailing average is $902 PSF and over $2.5MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$2.53MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

Number of Sales

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$2,534,656

1.57%

$2,495,544

10.09%

$2,302,279

$896

-0.28%

$899

7.88%

$831

$2,300,000

9.52%

$2,100,000

11.92%

$2,055,000

202

211

187

$30.0

$2500 $2,500

$24.0

$2,000 $2000

$18.0

$1,500 $1500

$12.0

$1,000 $1000

$6.0 $0.0

PPSF PRICE

$500 $500 $0

2019 4Q2021 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 2020 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

Condo Summary Transaction volume in the condominium

Condominium Units

market took another breather from the latter half of the 2021 year at 361 deals this period. Gains on pricing paused, where average sales price decreased 2.48% quarter-overquarter and average PPSF decreased 5.46%. However, compared with the prior year, pricing is back to pre-pandemic levels. The four-quarter trailing average is $1,273 PSF

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

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$1,463,568

-2.48%

$1,500,798

14.67%

$1,276,327

$1,258

-5.46%

$1,330

5.22%

$1,195

$1,251,356

1.41%

$1,233,970

15.07%

$1,087,500

361

422

448

$1.46MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

and just under $1.5MM gross $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

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

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.

1Q 2022 Market Report | 5

BROOKLYN HEIGHTS Townhouse Summary There were only three recorded townhouse

1 to 4 Family Townhouses

sales this first quarter, a testament to the tight inventory in the neighborhood. Average sales price was over $6MM again, which is a 1.75% year-over-year increase. Average PPSF was significantly up on the year, but moderately below levels from the prior quarter at $1,486 PSF. The fourquarter trailing average is $1,602 PSF and

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

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$6,025,000

-3.12%

$6,219,167

1.75%

$5,921,400

$1,486

-6.65%

$1,591

24.72%

$1,191

$4,999,999

-19.19%

$6,187,500

-13.79%

$5,800,000

6.65% AVERAGE PPSF DECREASE QUARTER OVER QUARTER

(in Millions)

over $6.6MM gross. $30.0

$4000 $4,000

$24.0

$3,200 $3200

$18.0

$2,400 $2400

$12.0 $12.0

$1,600 $1600

$6.0 $6.0

$800 $800

$0.0 $0.0

2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

$0 $0

Condo Summary Brooklyn Heights saw only 15 condo deals

Condominium Units

close this period, largely from the new development building at One Clinton. significantly up, now past $3MM. Average PPSF, however, remained level at $1,525 PSF. The four-quarter trailing average is $1,546 PSF and under $2.8MM gross.

24.28% AVERAGE SALES PRICE INCREASE QUARTER OVER QUARTER

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

(in Millions)

Because of this, average sales price was

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$3,050,455

24.28%

$2,454,490

-0.89%

$3,077,942

$1,525

1.98%

$1,496

9.18%

$1,397

$3,011,398

34.86%

$2,233,000

-1.27%

$3,050,000

$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

20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 2019 1Q2021 2Q2021 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

$0 $0

1Q 2022 Market Report | 6

COBBLE HILL Townhouse Summary There were five townhouse transactions

1 to 4 Family Townhouses

in Cobble Hill this quarter, where only 1 deal occurred north of $6MM which was represented by our firm. Average sales price was level with the prior quarter at $4.82MM, indicating sustained demand in the neighborhood. The same was present for average PPSF, which remained strong at $1,390 PSF. The four-quarter trailing average

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

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$4,820,000

0.07%

$4,816,498

6.41%

$4,529,800

$1,390

0.87%

$1,378

0.26%

$1,386

$4,900,000

4.26%

$4,700,000

8.89%

$4,500,000

is $1,335 PSF and just under $4.50MM gross.

AVERAGE SALES PRICE THIS QUARTER

$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)

$4.82MM

$9.0.0 $9.0

$0.0 $0.0.0

2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary The first quarter in Cobble Hill saw 5

Condominium Units

closed condo sales. More closings in new development sponsor buildings propped Similarly, average PPSF increased to $1,726 PSF, a record high for the neighborhood. The four-quarter trailing average is $1,422 PSF and just over $2.0MM gross.

23.02% AVERAGE SALES PRICE INCREASE QUARTER OVER QUARTER

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

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$3,076,312

23.02%

$2,500,743

111.35%

$1,455,571

$1,726

8.01%

$1,598

28.69%

$1,341

$3,991,132

213.03%

$1,275,000

168.76%

$1,485,000

$8.0

$2000 $2,000

$6.4 $6.4.0

$1,600 $1600

$4.8 $4.8.0

$1,200 $1200

$3.2 $3.2.0

$800

$1.6 $1.6.0

$400

(in Millions)

up average sales price to above $3MM.

1Q22

$0.0 $0.0.0

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

$0 $0

1Q 2022 Market Report | 7

CARROLL GARDENS Townhouse Summary Carroll Gardens saw another strong period

1 to 4 Family Townhouses

on the townhouse front at 11 recorded deals. Because these deals were primarily two-families, average sales price was up 2.71% over levels last quarter made up by three- and four-family townhouses. Furthermore, average PPSF was up 12.30% year-over-year at $1,166 PSF. The fourquarter trailing average is $1,198 PSF and

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

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$3,196,818

2.71%

$3,112,407

-8.14%

$3,480,000

$1,166

2.29%

$1,140

12.30%

$1,038

$2,850,000

-7.75%

$3,089,350

-20.83%

$3,600,000

$1,166

(in Millions)

just under $3.4MM gross.

AVERAGE PPSF THIS QUARTER

$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

2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Nine condo transactions closed in Carroll

Condominium Units

Gardens this quarter, mostly two- and threebedrooms. Because of the unit mix, average sales price was strongly up at $1.56MM but average PPSF was down to $1,226 PSF. The four-quarter trailing average is $1,239 PSF and just under $1.5MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$1,226 AVERAGE PPSF THIS QUARTER

(in Millions)

Number of Sales

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$1,565,833

22.44%

$1,278,857

16.88%

$1,339,688

$1,226

-7.59%

$1,327

-3.74%

$1,274

$1,200,000

-1.64%

$1,220,000

0.84%

$1,190,000

$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

2020 2Q2021 3Q2021 20191Q2020 20202Q2020 20203Q2020 20204Q2021 20201Q2021 2021 2021 20214Q2022 20211Q2021 20224Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

$0 $0

1Q 2022 Market Report | 8

COLUMBIA STREET WATERFRONT DISTRICT Townhouse Summary There were no townhouse transactions in

1 to 4 Family Townhouses

CSWD this quarter. The four-quarter trailing

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

Average Sales Price

-100.00%

$1,975,000

Average Price Per Sq Ft

-100.00%

$914

Median Sales Price

-100.00%

$1,975,000

Number of Sales

gross.

$1,373 AVERAGE PPSF TRAILING OVER FOUR QUARTERS

(in Millions)

average is $1,373 PSF and just over $2.3MM

$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

2019 4Q2021 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 2020 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Columbia Street Waterfront District saw 6

Condominium Units

condo transactions this quarter. Average sales price was $1.25MM, which was 12.07% addition, average PPSF was strongly up on both periods to $1,237 PSF. The four-quarter trailing average is $1,151 PSF and just over $1.3MM gross.

3.50% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

higher than levels from the prior quarter. In

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$1,250,000

12.07%

$1,115,394

3.50%

$1,207,679

$1,237

9.17%

$1,133

6.09%

$1,166

$1,110,000

16.47%

$953,000

-9.39%

$1,225,000

$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

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2022 Market Report | 9

BOERUM HILL Townhouse Summary Boerum Hill bustled with activity this first

1 to 4 Family Townhouses

quarter of 2022 with 7 recorded townhouse transactions. The neighborhood saw its as well, where average sales price and average PPSF were up 64.61% and 17.08% on the year, respectively. The four-quarter trailing average is $1,234 PSF and over $3.6MM gross.

17.08% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$3,755,993

32.49%

$2,835,000

64.61%

$2,281,704

$1,256

30.33%

$964

17.08%

$1,073

$3,700,000

30.51%

$2,835,000

60.87%

$2,300,000

$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)

strong demand translate to elevated pricing

1Q22

$0.0 $0.0

2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Boerum Hill saw only 9 condo transactions

Condominium Units

this first quarter, primarily 3-bedrooms. As a result, average sales price saw significant increases to levels just under $1.8MM, and average PPSF to $1,365 PSF. The four-quarter trailing average is $1,333 PSF and just over $1.6MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

29.30% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$1,782,841

20.69%

$1,477,188

29.30%

$1,378,893

$1,365

4.09%

$1,312

2.76%

$1,329

$1,775,356

43.71%

$1,235,356

35.01%

$1,315,000

$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

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2022 Market Report | 10

GOWANUS Townhouse Summary Gowanus had 5 townhouse transactions

1 to 4 Family Townhouses

this quarter. On the quarter, average sales price was up 7.91% and average PPSF was down 1.73%. However, on the year, both were up strongly. The four-quarter trailing average is $1,110 PSF and just over $2.4MM

Average Sales Price Average Price Per Sq Ft Median Sales Price

gross.

$2.49MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

Number of Sales

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$2,489,000

7.91%

$2,306,500

11.46%

$2,233,011

$1,131

-1.73%

$1,151

23.38%

$917

$2,199,000

10.64%

$1,987,500

-1.98%

$2,243,500

$5.0

$2,500

$4.0

$2,000

$3.0

$1,500

$2.0

$1,000

$1.0

$500

$0.0

2019 4Q2021 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 2020 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Gowanus saw 6 condo transactions this

Condominium Units

first quarter, double the amount the prior quarter. Average sales price was down on quarter to $997K. Average PPSF was also down but by a larger degree on the year. The four-quarter trailing average is $1,119 PSF and just over $1.0MM gross.

14.94% AVERAGE PPSF DECREASE YEAR OVER YEAR

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

(in Millions)

both periods, but more notably on the

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$997,417

-19.90%

$1,245,167

-3.25%

$1,030,878

$1,111

-7.14%

$1,197

-14.94%

$1,306

$1,057,500

30.48%

$810,500

-1.17%

$1,070,000

$5.0

$2000 $2,000

$4.0

$1,600 $1600

$3.0

$1,200 $1200

$2.0

$800

$1.0

$400

$0.0

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2022 Market Report | 11

FORT GREENE Townhouse Summary Fort Greene had only 6 closed deals this

1 to 4 Family Townhouses

quarter, a slight drop in volume from the fourth quarter. While the activity in the neighborhood seemed to have calmed down, average sales price was up 38.31%, largely due to the 3 deals occurring above $3.5MM which is new territory for the neighborhood. Average PPSF was also up, now to $1,008 PSF. The four-quarter trailing average is

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

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$3,185,000

38.31%

$2,302,857

-5.04%

$3,354,000

$1,008

6.01%

$951

21.49%

$829

$3,050,000

52.50%

$1,999,999

0.00%

$3,050,000

21.49% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

$1,015 PSF and just under $3.2MM gross. $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

2019 4Q2021 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 2020 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Fort Greene saw half as many condo

Condominium Units

transactions this quarter at 4, where 3 of the 4 deals occurred at 1 Hanson Place. While the building is nearing the end of its tax abatement, buyers still see strong value in the property. Average sales price was up over 50% over the prior quarter to $1.83MM. Average PPSF was down on the quarter, but up 16.37% on the year. The

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

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$1,834,000

54.34%

$1,188,250

56.45%

$1,172,273

$1,187

-7.59%

$1,284

16.37%

$1,020

$1,533,000

57.55%

$973,000

36.27%

$1,125,000

four-quarter trailing average is $1,140 PSF

1.83MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

and over $1.2MM gross.

$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

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

4Q 2021 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

$1,486

$6,025,000

4,023

509

$18,074,999

Cobble Hill

$1,390

$4,820,000

3,472

987

$24,100,000

$765

$3,608,500

5,577

$7,217,000

Boerum Hill

$1,363

$3,548,994

2,736

810

$28,391,950

Carroll Gardens

$1,166

$3,196,818

2,723

1,461

$35,165,000

Fort Greene

$1,008

$3,185,000

3,174

1,260

$19,110,000

Park Slope

$1,097

$3,176,921

3,017

5,588

$127,076,825

20%

Clinton Hill

$1,032

$2,998,000

2,972

1,376

$29,980,000

$964

$2,811,000

2,888

925

$14,055,000

$1,131

$2,489,000

2,453

984

$12,445,000

Greenpoint

$843

$2,205,033

2,726

2,199

$33,075,499

Williamsburg

$819

$2,056,743

2,685

3,099

$47,305,095

11%

Bedford-Stuyvesant West

$692

$1,794,485

2,642

4,397

$48,451,082

13%

Bedford-Stuyvesant East

$584

$1,467,929

2,542

6,863

$61,653,000

21%

Columbia Water District

204

DUMBO

$902

$2,532,515

2,832

30,741

$506,100,450

202

100%

Market*

Downtown Brooklyn

Prospect Heights Gowanus

ALL

* Ranked by “Average Sales Price”

Top 5 Townhouse Sales By Sales Price Rank

Address

Neighborhood Sales Price

Top 5 Townhouse Sales By Price Per Square Foot Square Feet

$PSF

Rank

Address

Neighborhood

Sales Price

Square Feet

$PSF

126 State St

Brooklyn Heights

$9,225,000

6,010

$1,535

13 Dean St

Boerum Hill

$7,150,000

3,524

$2,029

141 State St

Brooklyn Heights

$8,000,000

7,600

$1,053

319 A 12th St

Park Slope

$3,065,000

1,798

$1,705

541 1st St

Park Slope

$7,400,000

5,500

$1,345

423 17th St

Park Slope

$1,695,000

1,000

$1,695

13 Dean St

Boerum Hill

$7,150,000

3,524

$2,029

521 A 6th Ave

Park Slope

$3,200,000

1,920

$1,667

269 Warren St

Cobble Hill

$6,125,000

3,678

$1,665

269 Warren St

Cobble Hill

$6,125,000

3,678

$1,665

4Q 2021 Market Report | 13

Condominium Market Neighborhood Overview Average Price Per Sq Ft

Average Sales Price

Average SF

Total # of Properties

Gross Transaction Volume

# of Transactions

% of Total Transactions

Cobble Hill

$1,726

$3,076,312

1,646

669

$15,381,562

Brooklyn Heights

$1,525

$3,050,455

1,983

950

$45,756,818

DUMBO

$1,443

$1,753,264

1,273

1,266

$50,844,659

Downtown Brooklyn

$1,403

$1,428,910

1,022

1,742

$57,156,402

11%

Boerum Hill

$1,365

$1,782,841

1,288

907

$16,045,568

Williamsburg

$1,336

$1,509,737

1,130

9,805

$167,580,790

111

31%

Greenpoint

$1,331

$1,212,455

907

1,313

$14,549,463

Park Slope

$1,313

$1,364,548

1,042

3,017

$31,384,596

Prospect Heights

$1,241

$1,273,147

1,025

1,544

$21,643,500

Columbia Water District

$1,237

$1,250,000

996

746

$7,500,000

Carroll Gardens

$1,226

$1,565,833

1,214

733

$14,092,500

Fort Greene

$1,187

$1,834,000

1,568

879

$7,336,000

Clinton Hill

$1,168

$1,298,575

1,129

1,064

$15,582,900

Gowanus

$1,111

$997,417

895

610

$5,984,500

Bedford-Stuyvesant East

$877

$734,531

867

450

$9,548,899

Bedford-Stuyvesant West

$828

$959,198

1,244

2,675

$47,959,889

14%

$1,258

$1,463,568

1,165

28,370

$528,348,046

361

100%

Market*

ALL

* Ranked by “Average Price Per Sq Ft”

Top 5 Condominium Sales By Sales Price Rank

Address

1 360 Furman St #1024

Top 5 Condominium Sales By Price Per Square Foot

Neighborhood

Sales Price

Square Feet

$PSF

Brooklyn Heights

$4,995,000

3,310

$1,509

Address

Neighborhood

Sales Price

Square Feet

$PSF

347 Henry St #11A

Cobble Hill

$4,940,430

2,129

$2,321

Cobble Hill

$3,991,132

1,908

$2,092

Brooklyn Heights $3,075,000

1,993

$2,092

Rank

347 Henry St #11A

Cobble Hill

$4,940,430

2,129

$2,321

347 Henry St #7A

1 Clinton St #32A

Brooklyn Heights

$4,800,000

2,527

$1,899

1 Clinton St #10A

1 Clinton St #37B

Brooklyn Heights

$4,710,420

2,484

$1,543

22 N 6th St #27C

Williamsburg

$2,275,000

1,110

$2,050

DUMBO

$4,600,000

3,174

$1,449

72 Berry St #6C

Williamsburg

$3,275,000

1,638

$1,999

5 31 Washington St #15

1Q 2022 Market Report | 14

CLINTON HILL Townhouse Summary Clinton Hill saw 10 townhouse transactions

1 to 4 Family Townhouses

this quarter. Average sales price saw increases of 26.14% on the quarter, where 4 deals occurred north of $3.5MM. Average

Average Sales Price

PPSF was 17.35% higher quarter-over-

Average Price Per Sq Ft

quarter, and by a similar degree year-over-

Median Sales Price

$914 PSF and just under $2.6MM gross.

Number of Sales

$1,032 AVERAGE PPSF THIS QUARTER

(in Millions)

year. The four-quarter trailing average is

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$2,998,000

26.14%

$2,376,667

11.90%

$2,679,143

$1,032

17.35%

$879

11.10%

$929

$3,065,000

34.73%

$2,275,000

15.36%

$2,657,000

$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

2019 4Q2021 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 2020 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary There were 12 condo transactions this

Condominium Units

quarter in Clinton Hill. Average sales price was strong on both periods we measure, to $1.29MM. Average PPSF saw an 8.65% year-over-year increase to $1,168 PSF. The four-quarter trailing average is $1,103 PSF and over $1.1MM gross.

20.80% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

namely a 24.34% increase on the quarter

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$1,298,575

24.34%

$1,044,400

20.80%

$1,075,013

$1,168

4.21%

$1,121

8.65%

$1,075

$1,243,950

33.76%

$930,000

21.33%

$1,025,250

$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

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2022 Market Report | 15

PROSPECT HEIGHTS Townhouse Summary There were 5 townhouse transactions this

1 to 4 Family Townhouses

quarter in Prospect Heights. Average sales price of $2.81MM decreased for another More significantly, average PPSF decreased compared with levels on both periods to $964 PSF. The four-quarter trailing average is $1,107 PSF and just under $2.8MM gross.

8.78% AVERAGE PPSF DECREASE YEAR OVER YEAR

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

(in Millions)

quarter and was down 8.84% on the year.

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$2,811,000

-7.68%

$3,045,000

-8.84%

$3,083,458

$964

-23.49%

$1,261

-8.78%

$1,057

$2,900,000

-2.03%

$2,960,000

2.40%

$2,832,000

$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

2019 4Q2021 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 2020 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Prospect Heights saw 17 condo transactions

Condominium Units

this quarter, a mix from studios to 3-bedrooms. Average sales price decreased quarter had mostly larger unit sizes trade at higher price points. Average PPSF was level with the year, but down moderately on the quarter. The four-quarter trailing average is $1,257 PSF and over $1.5MM gross.

$1.53MM AVERAGE SALES PRICE OVER TRAILING FOUR QUARTERS

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

(in Millions)

from last quarter, namely because last

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$1,273,147

-31.42%

$1,856,571

-13.35%

$1,469,361

$1,241

-7.98%

$1,348

0.80%

$1,231

$1,170,000

-29.35%

$1,656,000

-10.00%

$1,300,000

$6.0

$2000 $2,000

$4.8

$1,600 $1600

$3.6

$1,200 $1200

$2.4

$800

$1.2

$400

$0.0 $0.0

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2022 Market Report | 16

PARK SLOPE Townhouse Summary Park Slope had 40 recorded townhouse deals

1 to 4 Family Townhouses

this first quarter, which was level with last quarter’s volume. While average sales price up on the year. Average PPSF at $1,097 PSF was up 4.25% on the quarter and 3.05% on the year. The four-quarter trailing average is $1,105 PSF and over $3.2MM gross.

18.94% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

was level on the quarter, it was significantly

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$3,176,921

0.66%

$3,156,201

18.94%

$2,670,926

$1,097

4.25%

$1,052

3.05%

$1,064

$3,032,500

-8.11%

$3,300,000

26.35%

$2,400,000

$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

2019 4Q2021 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 2020 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

$0 $0

Condo Summary Park Slope saw only 23 condo transactions

Condominium Units

this first quarter, a significant decrease in activity from levels last year. Pricing also price decreased 7.91% to $1.36MM and average PPSF was level on the quarter. The four-quarter trailing average is $1,285 PSF and over $1.4MM gross.

$1,313 AVERAGE PPSF THIS QUARTER

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

(in Millions)

pumped the brakes, where average sales

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$1,364,548

-7.91%

$1,481,689

5.39%

$1,294,750

$1,313

-0.23%

$1,316

8.03%

$1,215

$1,280,000

-5.88%

$1,360,000

10.82%

$1,155,000

$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

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2022 Market Report | 17

BEDFORD-STUYVESANT (West) Townhouse Summary There were 27 townhouse transactions in

1 to 4 Family Townhouses

Bedford-Stuyvesant West this first quarter of 2022. Average sales price increased minimally, year-over-year by 2.12% to just

Average Sales Price

below $1.80MM, and the average PPSF

Average Price Per Sq Ft

continued to climb to $692 PSF. The four-

Median Sales Price

under $1.8MM gross.

Number of Sales

$692 AVERAGE PPSF THIS QUARTER

(in Millions)

quarter trailing average is $668 PSF and just

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$1,794,485

-3.50%

$1,859,600

2.12%

$1,757,191

$692

3.65%

$667

19.22%

$580

$1,725,000

6.71%

$1,616,500

2.99%

$1,675,000

$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

2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Condo transaction volume in Bedford-

Condominium Units

Stuyvesant West saw strong increases this quarter to 50. Due to larger homes trading, average sales price was up 7.57% to $959K but average PPSF was down 4.59% on the quarter. The four-quarter trailing average is $840 PSF and just over $952K gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$828 AVERAGE PPSF THIS QUARTER

(in Millions)

Number of Sales

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$959,198

7.57%

$891,731

2.53%

$935,496

$828

-4.59%

$868

15.75%

$715

$920,000

3.66%

$887,500

-2.65%

$945,000

$3.75

$2000 $2,000

$3.00

$1,600 $1600

$2.25

$1,200 $1200

$1.50

$800

$0.75

$400

$0.0

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2022 Market Report | 18

BEDFORD-STUYVESANT (East) Townhouse Summary Bedford-Stuyvesant East had 42 townhouse

1 to 4 Family Townhouses

transactions this quarter, a decrease in volume compared with last quarter. The the quarter but increases on the year. Most notably, average PPSF was up 7.42% yearover-year. The four-quarter trailing average is $600 PSF and over $1.5MM gross.

3.65% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

neighborhood saw decreases in price on

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$1,467,929

-8.89%

$1,611,095

3.65%

$1,416,279

$584

-7.20%

$629

7.42%

$544

$1,435,000

-10.31%

$1,600,000

8.30%

$1,325,000

$3.75

$1500 $1,500

$3.0 $3.00

$1,200 $1200

$2.25

$900 $900

$1.50 $1.50

$600 $600

$0.75

$300 $300

$0.0 $0.00

2019 4Q2021 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 2020 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

$0 $0

Condo Summary Bedford-Stuyvesant East had 13 condo

Condominium Units

transactions this first quarter. Across the deals, average sales price decreased $734K. Meanwhile, average PPSF saw small decreases over last quarter to $877 PSF. The four-quarter trailing average is $859 PSF and just over $735K gross.

$877 AVERAGE PPSF THIS QUARTER

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

(in Millions)

further by 9.95% quarter-over-quarter to

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$734,531

-9.95%

$815,667

3.17%

$711,963

$877

-2.44%

$899

15.45%

$759

$802,500

-3.78%

$834,000

5.02%

$764,105

$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

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2022 Market Report | 19

DOWNTOWN BROOKLYN Townhouse Summary There were two townhouse transactions in

1 to 4 Family Townhouses

Downtown Brooklyn this quarter. The fourquarter trailing average is $808 PSF and just over $3.2MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$808 AVERAGE PPSF TRAILING OVER FOUR QUARTERS

(in Millions)

Number of Sales

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$3,608,500

-100.00%

22.22%

$4,150,000

$765

-100.00%

-42.77%

$1,504

$3,608,500

-100.00%

20.41%

$4,150,000

$8.0 $8.0

$2500 $2,500

$6.4 $6.4

$2,000 $2000

$4.8 $4.8

$1,500 $1500

$3.2 $3.2

$1,000 $1000

$1.6 $1.6

$500

$0.0

2019 4Q2021 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 2020 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Condominium transactions in Downtown

Condominium Units

Brooklyn saw half as many closes this quarter, likely due to the new development condo buildings at 11 Hoyt and Brooklyn Point nearing the end of their sales cycle. With that said, investors in the neighborhood continue to offload resales. As a result, average sales price was up 3.93% on the quarter and average PPSF was down 4.81%.

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

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$1,428,910

3.93%

$1,374,907

-0.94%

$1,442,479

$1,403

-4.81%

$1,474

-4.00%

$1,461

$1,307,500

12.53%

$1,161,948

4.18%

$1,255,000

The four-quarter trailing average is $1,483

$1.43MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

PSF and just under $1.5MM gross.

$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

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2022 Market Report | 20

GREENPOINT Townhouse Summary Greenpoint saw a small uptick in townhouse

1 to 4 Family Townhouses

transactions this quarter to 15. Average sales price was $2.20MM, which was substantially up on the year but not the quarter. A similar

Average Sales Price

trend occurred for average PPSF, which was

Average Price Per Sq Ft

up 15.25% on the year but down 3.16%

Median Sales Price

average is $858 PSF and just under $2.1MM

Number of Sales

gross.

28.06% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

(in Millions)

on the quarter. The four-quarter trailing

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$2,205,033

-5.92%

$2,343,750

28.06%

$1,721,923

$843

-3.16%

$871

15.25%

$732

$2,075,000

3.75%

$2,000,000

43.10%

$1,450,000

$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

2019 4Q2021 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 2020 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary The first quarter in Greenpoint saw 12 condo

Condominium Units

transactions. Interest in the neighborhood remained positive, where average sales price saw small increases quarter-over-quarter to $1.21MM. Average PPSF was level on the quarter, but up on the year by 7.11%. The four-quarter trailing average is $1,282 PSF and just over $1.2MM gross.

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

AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$1,212,455

2.97%

$1,177,433

9.74%

$1,104,848

$1,331

-0.50%

$1,337

7.11%

$1,242

$1,147,500

-1.92%

$1,170,000

6.74%

$1,075,000

$5$5.0

$2000 $2,000

$4$4.0

$1,600 $1600

$3.0 $3

$1,200 $1200

(in Millions)

9.74%

1Q22

$2$2.0

$800

$1$1.0

$400

$0.0 $0

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2022 Market Report | 21

WILLIAMSBURG Townhouse Summary Williamsburg

saw

townhouse

1 to 4 Family Townhouses

transactions this quarter. While average sales price decreased on the quarter, it increased on the year. Average PPSF was down moderately on both periods, now to $819 PSF. The four-quarter trailing average is $820 PSF and over $1.9MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$2.05MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

Number of Sales

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$2,056,743

-7.25%

$2,217,568

6.92%

$1,923,600

$819

-10.20%

$913

-9.48%

$905

$1,885,000

-3.08%

$1,945,000

10.88%

$1,700,000

$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

2019 4Q2021 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 2020 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Williamsburg saw 111 condo transactions

Condominium Units

this quarter, which is a resurgence in activity compared with the prior quarter. Both price but significantly up on the year, suggesting a return to pre-pandemic levels. The fourquarter trailing average is $1,288 PSF and just over $1.4MM gross.

22.78% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

(in Millions)

metrics we look at were level on the quarter

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$1,509,737

0.95%

$1,495,480

37.31%

$1,099,486

$1,336

-0.70%

$1,346

22.78%

$1,088

$1,310,000

-3.15%

$1,352,659

31.95%

$992,794

111

123

$7.5 $6.0 $7.5

$2000 $2,000

$6.0

$1,600 $1600

$4.5 $4.5

$1,200 $1200

$3.0

$800

$1.5 $1.5

$400

$0.0

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2022 Market Report | 22

DUMBO Condo Summary There were an impressive 29 condo

Condominium Units

transactions this quarter in DUMBO. The continued strong activity was primarily due to two new development projects at 98 Front and Front & York. Average sales price

Average Sales Price

was $1.75MM and average PPSF was $1,443

Average Price Per Sq Ft

PSF. The four-quarter trailing average is

Median Sales Price

$1,447 PSF and just under $2.0MM gross.

$1.75MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

Number of Sales

1Q22

%∆ (Qtr)

4Q21

%∆ (Yr)

1Q21

$1,753,264

-23.88%

$2,303,208

0.66%

$1,741,750

$1,443

-6.10%

$1,536

-6.81%

$1,548

$1,495,000

-31.15%

$2,171,335

2.57%

$1,457,500

$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

2019 1Q2021 2Q2021 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q2022 20221Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

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 824 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.

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