Engel & Völkers Brownstone Brooklyn 2Q21 Market Report

2Q21

BROWNSTONE BROOKLYN MARKET REPORT

Brownstone Brooklyn Market Report 2Q21 Dear Reader, It isn’t hard to understand why year-over-year increases in deal volume are up markedly this quarter, 173% and 292%, for townhouses and condominiums, respectively. The market was virtually at a standstill 12 months ago as we all focused only on staying healthy and safe. What is interesting though is that deal volume for condominiums, $860MM, has exceeded late 2016 and early 2017 levels, which were the precursors to an all-time high of $1.1B set in the third quarter of 2017.

Townhouses Just over $550MM worth of 1- to 4-family townhouses traded hands in 2Q21, versus $184MM during 2Q20, an increase of $366MM, or 198%. Over the same time frame, transaction volume, 235 sales, increased by 173%, and by 25.67% over the 1Q21. The average sales price moved up by 9.02% to $2.34MM, year-overyear. A market-wide overview and notable transactions appear on page 12 of this report.

Condominiums Approximately $860MM worth of condominiums sold in 2Q21, versus $182MM during 2Q20, a significant increase of $678MM, or 372%. The number of transactions rose by 292%, year-over-year, and they were up by 32.14% over 1Q21. The average sales price increased by 20.4%. A market-wide overview and other notable condominium transactions appear on page 13 of this report.

EVBB 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 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

4

Brooklyn Heights

5

Cobble Hill

6

Carroll Gardens

7

Columbia Street Waterfront District

8

Boerum Hill

9

Gowanus

10

Fort Greene

11

Clinton Hill

14

Prospect Heights

15

Park Slope

16

Bedford-Stuyvesant (West)

17

Bedford-Stuyvesant (East)

18

Downtown Brooklyn

19

Greenpoint

20

Williamsburg

21

DUMBO

22

Townhouse Market Neighborhood Overview

12

Condominium Market Neighborhood Overview

13

2Q 2021 Market Report | 4

BROWNSTONE BROOKLYN Townhouse Summary The townhouse market saw 235 closed sales

1 to 4 Family Townhouses

this period, which is markedly above volume from the prior quarter and an incredible recovery from volumes this time last year mid-pandemic. Prices across our metrics reflect a similar strength, where average sales price and PPSF saw year-over-year increases of 9.02% and 13.52%, respectively. The four-quarter trailing average is $837 PSF and

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

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$2,344,045

1.81%

$2,302,279

9.02%

$2,150,176

$852

2.60%

$831

13.52%

$751

$1,995,000

-2.92%

$2,055,000

3.64%

$1,925,000

235

187

86

$2.34MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

under $2.4MM gross. $30.0

$2500 $2,500

$24.0

$2,000 $2000

$18.0 $18.0

$1,500 $1500

$12.0

$1,000 $1000

$6.0 $0.0

PPSF PRICE

$500 $500 $0

2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

Condo Summary The condominium market saw a full rebound

Condominium Units

in transaction volume to 592 this quarter.

Across the neighborhoods, average sales price increased by 13.87% on the quarter, largely attributed to sponsor closings in Brooklyn Heights, Downtown Brooklyn, and DUMBO. Similarly, average PPSF increased in both periods to $1,234 PSF this quarter, notably by 8.79% on the year. The four-

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

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,453,346

13.87%

$1,276,327

20.35%

$1,207,555

$1,234

3.23%

$1,195

8.79%

$1,134

$1,172,957

7.86%

$1,087,500

14.43%

$1,025,000

592

448

151

quarter trailing average is $1,191 PSF and

$1.45MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

over $1.3MM 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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

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.

2Q 2021 Market Report | 5

BROOKLYN HEIGHTS Townhouse Summary There were five closed townhouse deals this

1 to 4 Family Townhouses

second quarter, two of which were carriage houses. Average sales price was impressively 12.47% higher than the previous quarter at $6.66MM, but positively skewed by the $12MM recorded deal on Hicks Street. As carriage houses are typically smaller than townhouses in this neighborhood, average PPSF is notably higher this quarter at $1,705

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

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$6,660,000

12.47%

$5,921,400

84.36%

$3,612,500

$1,705

43.16%

$1,191

67.92%

$1,016

$5,400,000

-6.90%

$5,800,000

44.97%

$3,725,000

5

5

4

PSF. The four-quarter trailing average is

$1,542 AVERAGE PPSF OVER TRAILING FOUR QUARTERS

(in Millions)

$1,542 PSF and just over $8.5MM gross.

$30.0

$4000 $4,000

$24.0 $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

2Q 2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 2021 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0 $0

Condo Summary Brooklyn Heights saw 43 condo deals

Condominium Units

close this period, linked to commenced sales efforts at several sponsor buildings in the neighborhood. Average sales price increased significantly over levels this time last year. Furthermore, the average PPSF of $1,622 reflects the premium buyers are willing to pay for new development product.

The four-quarter trailing average is $1,553

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

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$3,187,319

3.55%

$3,077,942

68.20%

$1,895,000

$1,622

16.11%

$1,397

1.76%

$1,594

$3,240,000

6.23%

$3,050,000

70.98%

$1,895,000

43

9

1

$3.18MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

PSF and over $3MM gross. $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

20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 2019 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

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.

2Q 2021 Market Report | 6

COBBLE HILL Townhouse Summary There were 11 townhouse transactions in

1 to 4 Family Townhouses

Cobble Hill this quarter, double the amount from last quarter. The average sales price below the prior quarter, proved to be a sweet spot for the buyer pool. Average PPSF was down moderately to $1,204 PSF. The four-quarter trailing average is $1,227 PSF and just over $3.78MM gross.

13.17% AVERAGE PPSF DECREASE QUARTER OVER QUARTER

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

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$3,750,000

-17.21%

$4,529,800

-38.72%

$6,119,396

$1,204

-13.17%

$1,386

-26.83%

$1,645

$3,730,000

-17.11%

$4,500,000

-39.05%

$6,119,396

11

5

1

$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

(in Millions)

at $3.75MM this quarter, which is 17.21%

2Q21

$1.8 $1.8.0 $0.0 $0.0.0

PPSF PRICE

$500 $500 2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

$0

Condo Summary The second quarter in Cobble Hill saw 8

Condominium Units

closed sales. The downward growth of average sales price observed last quarter $1.10MM. Average PPSF was $1,117, which decreased on the quarter and, by a lesser degree, on the year. The four-quarter trailing average is $1,207 PSF and just under $1.2MM gross.

5.90% AVERAGE PPSF DECREASE YEAR OVER YEAR

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

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,101,326

-24.34%

$1,455,571

-37.51%

$1,762,500

$1,117

-16.74%

$1,341

-5.90%

$1,187

$1,291,305

-13.04%

$1,485,000

-26.73%

$1,762,500

8

7

2

$7.0

$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)

continued another period, now averaging

2Q21

$0.0 $0.0.0

2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

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.

2Q 2021 Market Report | 7

CARROLL GARDENS Townhouse Summary Carroll Gardens saw 7 townhouse

1 to 4 Family Townhouses

transactions this quarter. Although average sales price of $3.36MM was down on the increased 32.69%. Average PPSF was up nominaly on the quarter by 2.53% at $1,065 PSF. The four-quarter trailing average is $1,031 PSF and over $3.3MM gross.

32.69% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

quarter, compared with the prior year, it

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$3,357,071

-3.53%

$3,480,000

32.69%

$2,530,000

$1,065

2.53%

$1,038

-17.85%

$1,296

$2,850,000

-20.83%

$3,600,000

12.65%

$2,530,000

7

7

1

$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 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0

Condo Summary Fifteen condo transactions closed in Carroll

Condominium Units

Gardens this quarter, more than double compared with the prior period. Average quarter-over-quarter now to $1.54MM. However, average PPSF decreased by 4.42% on the quarter to $1,217 PSF. The fourquarter trailing average is $1,232 PSF and under $1.4MM gross.

$1,232 AVERAGE PPSF OVER TRAILING FOUR QUARTERS

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

(in Millions)

sales price continued to increase by 15.52%

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,547,600

15.52%

$1,339,688

14.72%

$1,349,020

$1,217

-4.42%

$1,274

-6.54%

$1,303

$1,408,000

18.32%

$1,190,000

51.40%

$930,000

15

8

5

$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

2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

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.

2Q 2021 Market Report | 8

COLUMBIA STREET WATERFRONT DISTRICT Townhouse Summary There was one townhouse transaction in

1 to 4 Family Townhouses

CSWD this quarter. The sales price of this single-family home was $1.75MM, which translated to $1,246 PSF on a price per

Average Sales Price

square foot basis. Compared with the 2

Average Price Per Sq Ft

three-family homes that traded last quarter,

Median Sales Price

higher. The four-quarter trailing average is

Number of Sales

$1,057 PSF and over $1.83MM gross.

5.15% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

this quarter’s average PPSF was 36.32%

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,750,000

-11.39%

$1,975,000

-53.95%

$3,800,000

$1,246

36.32%

$914

5.15%

$1,185

$1,750,000

-11.39%

$1,975,000

-53.95%

$3,800,000

1

2

1

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0

Condo Summary Columbia Street Waterfront District saw 4

Condominium Units

condo transactions this quarter. Average sales price was $1.19MM, which is 7.31% Average PPSF saw marginal quarter-overquarter decreases, but strength on the year.

The four-quarter trailing average is $1,115 PSF and just over $1.1MM gross.

$1,146 AVERAGE PPSF THIS QUARTER

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

(in Millions)

lower than levels from the prior quarter.

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,119,375

-7.31%

$1,207,679

146.02%

$455,000

$1,146

-1.75%

$1,166

26.46%

$906

$1,117,500

-8.78%

$1,225,000

145.60%

$455,000

4

7

1

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$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.

2Q 2021 Market Report | 9

BOERUM HILL Townhouse Summary In Boerum Hill, there were 4 townhouse

1 to 4 Family Townhouses

transactions this quarter. Average sales price saw a 39.70% increase on the quarter of deals being 1- to 2-family townhouses.

Although average PPSF was level on the quarter, it was up significantly on the year.

The four-quarter trailing average is $1,094 PSF and just over $3.0MM gross.

17.39% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$3,187,500

39.70%

$2,281,704

41.67%

$2,250,000

$1,072

-0.07%

$1,073

17.39%

$913

$3,250,000

41.30%

$2,300,000

44.44%

$2,250,000

4

6

2

$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)

to $3.19MM, markedly due to the majority

2Q21

$0.0 $0.0

2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0

Condo Summary Boerum Hill saw 19 condo transactions

Condominium Units

this second quarter. Average sales price was up on both periods, notably 28.40% higher than last quarter. Average PPSF was marginally down on the quarter but was up on the year. The four-quarter trailing average is $1,302 PSF and just over $1.57MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

12.04% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,770,492

28.40%

$1,378,893

17.49%

$1,506,875

$1,315

-1.04%

$1,329

12.04%

$1,174

$1,625,000

23.57%

$1,315,000

8.42%

$1,498,750

19

17

8

$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 2021 2021 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 20211 Q 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$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.

2Q 2021 Market Report | 10

GOWANUS Townhouse Summary Gowanus had 8 townhouse transactions

1 to 4 Family Townhouses

this quarter. Although average sales price was flat on the quarter, it is still 28.04% average PPSF was up slightly on the quarter by 7.19% and down on the year by 11.58%.

The four-quarter trailing average is $960 PSF and just over $2.0MM gross.

11.58% AVERAGE PPSF DECREASE YEAR OVER YEAR

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

(in Millions)

above levels last year at this time. Similarly,

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$2,240,625

0.34%

$2,233,011

28.04%

$1,750,000

$982

7.19%

$917

-11.58%

$1,111

$1,947,500

-13.19%

$2,243,500

11.29%

$1,750,000

8

10

1

$5.0

$2,500

$4.0

$2,000

$3.0

$1,500

$2.0

$1,000

$1.0

$500

$0.0

2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0

Condo Summary Gowanus saw 15 condo transactions this

Condominium Units

quarter, a continued upward growth to levels from last year. Average sales price was $895K. The same movements occurred for average PPSF, where despite the decrease on the quarter, it is still above levels last year.

The four-quarter trailing average is $1,139 PSF and over $919K gross.

5.55% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

(in Millions)

down on the quarter, but up on the year at

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$895,233

-13.16%

$1,030,878

13.00%

$792,258

$1,104

-15.47%

$1,306

5.55%

$1,046

$725,000

-32.24%

$1,070,000

0.00%

$725,000

15

9

15

$5.0

$2000 $2,000

$4.0

$1,600 $1600

$3.0

$1,200 $1200

$2.0

$800

$1.0

$400

$0.0

2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$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.

2Q 2021 Market Report | 11

FORT GREENE Townhouse Summary Fort Greene had 12 closed deals this quarter,

1 to 4 Family Townhouses

marking interest in the neighborhood trending upwards for another period. the quarter, but level with the year. Whereas average PPSF was up on the quarter and down on the year at $934 PSF. The fourquarter trailing average is $912 PSF and over $3.0MM gross.

12.55% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

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

(in Millions)

Average sales price was slightly down on

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$3,228,333

-3.75%

$3,354,000

-0.67%

$3,250,000

$934

12.55%

$829

-3.63%

$969

$3,110,000

1.97%

$3,050,000

-11.77%

$3,525,000

12

5

3

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0

Condo Summary Fort Greene saw 9 condo transactions

Condominium Units

this quarter. On the quarter, average sales price and PPSF both increased by around 5%. However, on the year, average PPSF increased marginally to $1,076 PSF. The four-quarter trailing average is $1,063 PSF and just under $1.2MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

5.55% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

(in Millions)

Number of Sales

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,221,761

4.22%

$1,172,273

-5.55%

$1,293,570

$1,076

5.55%

$1,020

1.75%

$1,058

$1,175,000

4.44%

$1,125,000

-9.27%

$1,295,000

9

11

7

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$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.

2Q 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

$1,705

$6,660,000

4,080

509

$33,299,999

5

2%

Cobble Hill

$1,204

$3,750,000

3,143

987

$41,250,000

11

5%

Carroll Gardens

$1,065

$3,357,071

3,162

1,461

$23,499,500

7

3%

Park Slope

$1,148

$3,239,375

2,902

5,588

$129,575,000

40

17%

Fort Greene

$934

$3,228,333

3,507

1,260

$38,740,000

12

5%

Boerum Hill

$1,072

$3,187,500

3,142

810

$12,750,000

4

2%

Clinton Hill

$873

$3,027,000

3,438

1,376

$15,134,999

5

2%

Downtown Brooklyn

$952

$2,999,000

3,149

75

$2,999,000

1

-

Prospect Heights

$911

$2,348,333

2,694

925

$14,090,000

6

3%

Gowanus

$982

$2,240,625

2,302

984

$17,925,000

8

3%

Greenpoint

$946

$1,985,119

2,284

2,199

$41,687,500

21

9%

Columbia Water District

$1,246

$1,750,000

1,404

204

$1,750,000

1

-

Bedford-Stuyvesant West

$607

$1,649,864

2,836

4,397

$54,445,500

33

14%

Williamsburg

$704

$1,640,499

2,488

3,099

$31,169,480

19

8%

Bedford-Stuyvesant East

$588

$1,492,493

2,603

6,863

$92,534,562

62

26%

-

-

-

4

-

-

-

$852

$2,344,045

2,784

30,741

$550,850,540

235

100%

Market*

DUMBO 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 $PSF Feet

1

280 Hicks St

2

104 Prospect Park W

Park Slope

$6,750,000

6,900

3

118 Joralemon St

Brooklyn Heights

$6,200,000

4

330 Sackett St

Carroll Gardens

5

44 Montgomery Pl

Park Slope

Rank

Address

Neighborhood

Sales Price

Square Feet

$PSF

4,000

$3,000

1

280 Hicks St

2

52 Garfield Pl

Park Slope

$4,995,000

2,400

$2,081

6,000 $1,033

3

21 Prospect Pl

Park Slope

$4,800,000

2,462

$1,950

$6,200,000

4,256 $1,457

4

284 Hicks St

Brooklyn Heights

$4,999,999

2,800

$1,786

$6,174,000

5,690 $1,085

5

171 Monitor St

Greenpoint

$1,385,000

840

$1,649

Brooklyn Heights $12,000,000 4,000 $3,000 $978

Brooklyn Heights $12,000,000

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.

2Q 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

Brooklyn Heights

$1,622

$3,187,319

1,904

950

$137,054,714

43

7%

Downtown Brooklyn

$1,526

$1,619,516

1,041

1,742

$195,961,389

121

20%

DUMBO

$1,453

$1,832,223

1,204

1,266

$54,966,699

30

5%

Boerum Hill

$1,315

$1,770,492

1,308

907

$33,639,355

19

3%

Greenpoint

$1,235

$1,235,065

1,011

1,313

$28,406,500

23

4%

Park Slope

$1,225

$1,354,035

1,123

3,017

$58,223,499

43

7%

Carroll Gardens

$1,217

$1,547,600

1,234

733

$23,214,000

15

3%

Williamsburg

$1,172

$1,212,255

1,057

9,805

$152,744,069

126

21%

Prospect Heights

$1,172

$1,440,224

1,236

1,544

$30,244,710

21

4%

Columbia Water District

$1,146

$1,119,375

962

746

$4,477,500

4

1%

Cobble Hill

$1,117

$1,101,326

955

669

$8,810,609

8

1%

Gowanus

$1,104

$895,233

804

610

$13,428,500

15

3%

Fort Greene

$1,076

$1,221,761

1,140

879

$10,995,850

9

2%

Clinton Hill

$1,055

$1,080,306

1,032

1,064

$18,365,200

17

3%

Bedford-Stuyvesant East

$825

$696,357

871

450

$9,749,000

14

2%

Bedford-Stuyvesant West

$793

$953,565

1,276

2,675

$80,099,426

84

14%

$1,234

$1,453,346

1,149

28,370

$860,381,020

592

100%

Market*

ALL

* Ranked by “Average Price Per Sq Ft”

Top 5 Condominium Sales By Sales Price Rank

Sales Price

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

Address

Neighborhood

1

85 Jay Street #PHB-Front

DUMBO

$7,850,000 3,068 $2,559

2

90 Furman St #N1005

Brooklyn Heights

50 Bridge Park Dr #PH3C Brooklyn Heights

3

Rank

Sales Price

Square $PSF Feet

Address

Neighborhood

1

50 Bridge Park Dr #PH3C

Brooklyn Heights

$6,600,000 2,554 $2,584

$7,350,000 3,234 $2,273

2

85 Jay Street #PHB-Front

DUMBO

$7,850,000 3,068 $2,559

$6,600,000 2,554 $2,584

3

138 Willoughby St. #63A Downtown Brooklyn $2,837,640 1,181 $2,403

4

1 Clinton St #32C

Brooklyn Heights

$6,250,000 3,184 $1,963

4

138 Willoughby St. #65A Downtown Brooklyn $2,703,000 1,181 $2,289

5

50 Bridge Park Dr #8AE

Brooklyn Heights

$5,995,000 3,251 $1,844

5

138 Willoughby St. #68B Downtown Brooklyn $2,417,777 1,058 $2,285

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.

2Q 2021 Market Report | 14

CLINTON HILL Townhouse Summary Clinton Hill saw slightly less townhouse

1 to 4 Family Townhouses

transactions at 5 this quarter. However, the deals that traded occurred at an average sales price of $3.03MM, which is 29.22%

Average Sales Price

above levels last year at this time. Average

Average Price Per Sq Ft

PPSF decreased on the quarter but still

Median Sales Price

trailing average is $929 PSF and over

Number of Sales

$2.8MM gross.

11.05% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

increased on the year. The four-quarter

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$3,027,000

12.98%

$2,679,143

29.22%

$2,342,500

$873

-5.99%

$929

11.05%

$786

$3,025,000

13.85%

$2,657,000

30.53%

$2,317,500

5

7

6

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0

Condo Summary There were 17 condo transactions this

Condominium Units

quarter in Clinton Hill. Average sales price was level on the quarter and significantly declines on both periods too, but by an average of only 1.12% to $1,055 PSF. The four-quarter trailing average is $1,045 PSF and just over $1.1MM gross.

1.94% AVERAGE PPSF DECREASE QUARTER OVER QUARTER

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

(in Millions)

down on the year. Average PPSF saw

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,080,306

0.49%

$1,075,013

-16.49%

$1,293,570

$1,055

-1.94%

$1,075

-0.30%

$1,058

$850,000

-17.09%

$1,025,250

-34.36%

$1,295,000

17

12

7

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2020 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$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.

2Q 2021 Market Report | 15

PROSPECT HEIGHTS Townhouse Summary There were only 6 townhouse transactions

1 to 4 Family Townhouses

this quarter in Prospect Heights. Average sales price of $2.35MM was considerably on the year. Average PPSF was $911, which was consistently down on both periods by an average of 12.63%. The four-quarter trailing average is $972 PSF and just over $2.8MM gross.

7.55% AVERAGE SALES PRICE DECREASE YEAR OVER YEAR

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

(in Millions)

down on the quarter and, by a lesser degree,

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$2,348,333

-23.84%

$3,083,458

-7.55%

$2,540,000

$911

-13.82%

$1,057

-11.43%

$1,029

$2,300,000

-18.79%

$2,832,000

4.55%

$2,200,000

6

12

5

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0

Condo Summary Prospect Heights saw 21 transactions

Condominium Units

this quarter. Although less deals closed this quarter, persisting interest in the average sales prices increasing 5.65% on the year to $1.44MM. Average PPSF was $1,172, which decreased minimally on both periods. The four-quarter trailing average is $1,165 PSF and under $1.4MM gross.

5.65% 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 continued growth in

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,440,224

-1.98%

$1,469,361

5.65%

$1,363,187

$1,172

-4.77%

$1,231

-0.86%

$1,182

$1,100,000

-15.38%

$1,300,000

-15.16%

$1,296,500

21

23

10

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$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.

2Q 2021 Market Report | 16

PARK SLOPE Townhouse Summary Park Slope had another strong quarter with

1 to 4 Family Townhouses

40 townhouse transactions, a continued increase in deal volume since a year ago. on the quarter but decreased by a lesser amount on the year. Average PPSF was up on both periods at $1,148 PSF. The fourquarter trailing average is $1,048 PSF and just under $2.9MM gross.

$3.24MM AVERAGE SALES PRICE THIS QUARTER

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

(in Millions)

Average sales price increased by 21.28%

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$3,239,375

21.28%

$2,670,926

-4.77%

$3,401,806

$1,148

7.89%

$1,064

10.01%

$1,044

$3,025,000

26.04%

$2,400,000

-3.04%

$3,120,000

40

27

9

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0 $0

Condo Summary Park Slope saw 43 condo transactions

Condominium Units

this second quarter, which is a moderate increase above levels last period. Average on both periods. Whereas average PPSF was level on the quarter and up on the year at $1,225 PSF. The four-quarter trailing average is $1,195 PSF and over $1.3MM gross.

$1.35MM AVERAGE SALES PRICE THIS QUARTER

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

(in Millions)

sales price was up by an average of 4.36%

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,354,035

4.58%

$1,294,750

4.15%

$1,300,076

$1,225

0.82%

$1,215

2.44%

$1,196

$1,355,000

17.32%

$1,155,000

26.86%

$1,068,144

43

34

15

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$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.

2Q 2021 Market Report | 17

BEDFORD-STUYVESANT (West) Townhouse Summary There were 33 townhouse transactions

1 to 4 Family Townhouses

in Bedford-Stuyvesant (West) this second quarter, which is a significant increase from the prior quarter and year, 22.22% and

Average Sales Price

83.33%, respectively. Average sales price of

Average Price Per Sq Ft

$1.65MM was level on the year and down slightly on the quarter. Average PPSF was up

Median Sales Price

on the year and on the quarter by 4.29%,

Number of Sales

averaged. The four-quarter trailing average

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,649,864

-6.11%

$1,757,191

0.80%

$1,636,778

$607

4.62%

$580

3.96%

$584

$1,450,000

-13.43%

$1,675,000

-13.43%

$1,675,000

33

27

18

3.96% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

is $602 PSF and just over $1.7MM 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

2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0

Condo Summary Condo transaction volume in Bedford-

Condominium Units

Stuyvesant (West) continued its upward momentum with 84 deals closed this quarter. Average sales price was $953K, which is a significant increase from levels this time last year, but only marginally up on the quarter. Average PPSF was up 10.83% on the quarter, but down on the year at $793 PSF. The four-quarter trailing average is $767

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

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$953,565

1.93%

$935,496

15.63%

$824,658

$793

10.83%

$715

-6.92%

$851

$906,090

-4.12%

$945,000

3.55%

$875,000

84

47

18

15.63% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

(in Millions)

PSF and just over $946K gross. $3.75

$2000 $2,000

$3.00

$1,600 $1600

$2.25

$1,200 $1200

$1.50

$800

$0.75

$400

$0.0

2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$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.

2Q 2021 Market Report | 18

BEDFORD-STUYVESANT (East) Townhouse Summary Bedford-Stuy vesant

( East)

had

62

1 to 4 Family Townhouses

townhouse transactions this quarter, which is significantly above the prior quarter by time last year. Across the two periods we look at for average sales price and average PPSF, the neighborhood saw healthy increases in price. The four-quarter trailing average is $547 PSF and over $1.4MM gross.

4.00% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

40.91% and markedly more than levels this

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,492,493

5.38%

$1,416,279

4.00%

$1,435,091

$588

8.22%

$544

5.27%

$559

$1,487,500

12.26%

$1,325,000

4.39%

$1,425,000

62

44

27

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0 $0

Condo Summary Bedford-Stuyvesant (East) had 14 condo

Condominium Units

transactions this second quarter, which is an uptick above levels of activity in the two prior periods. Although average sales price was 2.19% down on the quarter at $696K, it is still significantly above prices this time last year. Average PPSF saw increases on both periods to $825 PSF. The four-quarter trailing average is $774 PSF and just over

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

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$696,357

-2.19%

$711,963

23.80%

$562,500

$825

8.68%

$759

14.00%

$724

$724,500

-5.18%

$764,105

28.80%

$562,500

14

7

2

14.00% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

$687K gross. $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

$300 $300

$0.0

2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$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.

2Q 2021 Market Report | 19

DOWNTOWN BROOKLYN Townhouse Summary There was 1 townhouse deal in Downtown

1 to 4 Family Townhouses

Brooklyn this quarter. The single-family home closed at $2.99MM, which is 27.73% On a price per square foot basis, this quarter’s property was 36.70% lower. The four-quarter trailing average is $1,320 PSF and just over $3.7MM gross.

$1,320 AVERAGE PPSF TRAILING OVER FOUR QUARTERS

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

(in Millions)

below the $4.15MM lone deal last quarter.

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$2,999,000

-27.73%

$4,150,000

-

-

$952

-36.70%

$1,504

-

-

$2,999,000

-27.73%

$4,150,000

-

-

1

2

-

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0

Condo Summary Condominium transactions in Downtown

Condominium Units

Brooklyn saw 121 closes this quarter, which is a continued mark of new development interest in the neighborhood. Average sales price continued to be positively skewed by closings at the sponsor buildings, Brooklyn Point and 11 Hoyt. Furthermore, average PPSF was $1,526, which relates to sponsor pricing and is in stark contrast with last

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

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,619,516

12.27%

$1,442,479

17.74%

$1,375,455

$1,526

4.39%

$1,461

28.85%

$1,184

$1,395,000

11.16%

$1,255,000

21.30%

$1,150,000

121

99

11

year’s levels of $1,184 PSF coming more from resales. The four-quarter trailing average is

$1.62MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

$1,479 PSF and just over $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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$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.

2Q 2021 Market Report | 20

GREENPOINT Townhouse Summary Greenpoint saw a strong uptick in

1 to 4 Family Townhouses

townhouse transactions this quarter to 21.

Average sales price was $1.99MM, which was up on the quarter but down on the year

Average Sales Price

but equal measure, approximately 15%. On

Average Price Per Sq Ft

the other hand, average PPSF saw substantial

Median Sales Price

four-quarter trailing average is $862 PSF and

Number of Sales

just under $1.9MM gross.

86.23% GROSS TRANSACTION VOLUME INCREASE QUARTER OVER QUARTER

(in Millions)

strength on both periods to $946 PSF. The

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,985,119

15.29%

$1,721,923

-15.13%

$2,339,000

$946

29.24%

$732

22.82%

$770

$1,659,000

14.41%

$1,450,000

-31.59%

$2,425,000

21

13

5

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0

Condo Summary The second quarter in Greenpoint saw 23

Condominium Units

condo transactions. Average sales price at $1.24MM continued to increase on the quarter but was level on the year. Average PPSF was level on the quarter, but down on the year at $1,235 PSF. The four-quarter trailing average is $1,219 PSF and under $1.2MM gross.

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

AVERAGE PPSF THIS QUARTER

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,235,065

11.79%

$1,104,848

-0.13%

$1,236,631

$1,235

-0.57%

$1,242

-5.40%

$1,306

$1,085,000

0.93%

$1,075,000

2.84%

$1,055,000

23

15

6

$5$5.0

$2000 $2,000

$4$4.0

$1,600 $1600

$3.0 $3

$1,200 $1200

(in Millions)

$1,235

2Q21

$2$2.0

$800

$1$1.0

$400

$0.0 $0

2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$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.

2Q 2021 Market Report | 21

WILLIAMSBURG Townhouse Summary Williamsburg

saw

19

townhouse

1 to 4 Family Townhouses

transactions this quarter. Although average sales price decreased 14.72% quarter-over$1.64MM. Average PPSF saw movements in the same direction, with softness on the quarter and strength on the year. The fourquarter trailing average is $755 PSF and over $1.8MM gross.

$704 AVERAGE PPSF THIS QUARTER

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

(in Millions)

quarter, it was up slightly year-over-year to

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,640,499

-14.72%

$1,923,600

3.83%

$1,580,000

$704

-22.19%

$905

15.35%

$611

$1,650,000

-2.94%

$1,700,000

13.40%

$1,455,000

19

15

3

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0

Condo Summary Williamsburg saw 126 condo transactions

Condominium Units

this quarter. Although average sales price and PPSF both increased moderately on the quarter, they are still level on the year.

Average sales price was $1.21MM. The fourquarter trailing average is $1,116 PSF and under $1.2MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$1,172 AVERAGE PPSF THIS QUARTER

(in Millions)

Number of Sales

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,212,255

10.26%

$1,099,486

0.65%

$1,204,460

$1,172

7.73%

$1,088

0.94%

$1,162

$1,115,000

12.31%

$992,794

0.22%

$1,112,500

126

123

46

$7.5 $6.0

$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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$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.

2Q 2021 Market Report | 22

DUMBO Condo Summary There were 30 condo transactions this

Condominium Units

quarter in DUMBO. Continued strength in the neighborhood also translated to closings occurring at higher average sales prices and PPSF on par with pre-pandemic levels.

Average Sales Price

With that said, this quarter’s average sales

Average Price Per Sq Ft

price of $1.83MM is positively skewed by a

Median Sales Price

$7.85MM penthouse deal. The four-quarter trailing average is $1,451 PSF and over

Number of Sales

2Q21

%∆ (Qtr)

1Q21

%∆ (Yr)

2Q20

$1,832,223

5.19%

$1,741,750

27.33%

$1,439,000

$1,453

-6.13%

$1,548

18.48%

$1,226

$1,530,000

4.97%

$1,457,500

9.29%

$1,400,000

30

20

5

$1.82MM AVERAGE SALES PRICE OVER TRAILING FOUR QUARTERS

(in Millions)

$1.8MM gross. $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 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q2021 20212Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0 $0

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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.

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