Engel & Völkers Brownstone Brooklyn 3Q21 Market Report

3Q21

BROWNSTONE BROOKLYN MARKET REPORT

Brownstone Brooklyn Market Report 3Q21 Dear Reader, The upward trend in the total number of deals closed that began in late 2020 continued in the 3rd quarter with year-over-year increases of 209% and 365%, for townhouses and condominiums, respectively. The demand for Brownstone Brooklyn townhomes was especially strong as evidenced by the record gross transaction volume of $781MM, which is $126MM more than the previous record of $655MM set in 3Q17.

Townhouses Just over $781MM worth of 1- to 4-family townhouses traded hands in 3Q21, versus $198MM during 3Q20, an increase of $583MM, or 294%. Over the same time frame, transaction volume of 290 sales, increased by 209%, just eclipsing the previous record of 288 sales in 3Q17. The average sales price moved up by 28% to $2.69MM, year-over-year. A market-wide overview and notable transactions appear on page 12 of this report.

Condominiums Approximately $969MM worth of condominiums sold in 3Q21, versus $174MM during 3Q20, a very significant increase of $795MM, or 457%. The number of transactions rose by 365%, year-over-year, and they were up by 11% over 2Q21. The average sales price increased by 19%. 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 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

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

3Q 2021 Market Report | 4

BROWNSTONE BROOKLYN Townhouse Summary The townhouse market saw 290 closed sales

1 to 4 Family Townhouses

this period, which is a continued increase from the prior quarter and an incredible Our price metrics reflect a similar strength, particularly in average sales price, where it saw a year-over-year increase of 27.80% to $2.69MM. The four-quarter trailing average is $886 PSF and just over $2.5MM gross.

2.27MM MEDIAN SALES PRICE

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

(in Millions)

uptick from volumes this time last year.

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$2,693,203

14.90%

$2,344,045

27.80%

$2,107,348

$949

11.30%

$852

27.48%

$744

$2,271,000

13.83%

$1,995,000

22.43%

$1,855,000

290

235

94

$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 2019 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

$0

Condo Summary The condominium market saw another

Condominium Units

10.81% increase in transaction volume to 656 this quarter. Across the neighborhoods, average sales price increased marginally on the quarter, but was significantly above levels this time last year. Similarly, average PPSF increased slightly on the quarter, and strongly on the year to $1,275 PSF this quarter. The four-quarter trailing average is

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

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,474,674

1.47%

$1,453,346

19.20%

$1,237,158

$1,275

3.37%

$1,234

16.74%

$1,093

$1,250,000

6.57%

$1,172,957

19.05%

$1,050,000

656

592

141

$1.47MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

$1,228 PSF and just under $1.4MM 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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 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 2021 Market Report | 5

BROOKLYN HEIGHTS Townhouse Summary There were ten closed townhouse deals this

1 to 4 Family Townhouses

third quarter. Average sales price continued to creep up, now 6.12% higher than the previous quarter at $7.07MM. Apart from the $12.75MM deal at 271 Hicks St, the range of these townhouse resales was from $5.25MM to $7.5MM. Average PPSF was down slightly at $1,592 PSF. The fourquarter trailing average is $1,562 PSF and

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

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$7,067,500

6.12%

$6,660,000

15.91%

$6,097,500

$1,592

-6.63%

$1,705

2.66%

$1,551

$6,725,000

24.54%

$5,400,000

10.29%

$6,097,500

10

5

2

15.91% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

(in Millions)

over $8.1MM gross. $30.0 $30.0

$4000 $4,000

$24.0 $24.0

$3,200 $3200

$18.0 $18.0

$2,400 $2400

$12.0 $12.0

$1,600 $1600

$6.0 $6.0

$800 $800

$0.0 $0.0

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

PPSF PRICE

$0 $0

Condo Summary Brooklyn Heights saw 40 condo deals

Condominium Units

close this period, a healthy mix of resales and sponsor activity. Average sales price minimally on the year. The average PPSF of $1,510 was skewed positively by the closed sponsor units. The four-quarter trailing average is $1,546 PSF and over $2.8MM gross.

$2.45MM AVERAGE SALES PRICE THIS QUARTER

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

(in Millions)

decreased significantly on the quarter and

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$2,449,607

-23.15%

$3,187,319

-2.03%

$2,500,400

$1,510

-6.90%

$1,622

11.89%

$1,350

$2,417,500

-25.39%

$3,240,000

21.18%

$1,995,000

40

43

5

$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

20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2019 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 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 2021 Market Report | 6

COBBLE HILL Townhouse Summary There were another 11 townhouse

1 to 4 Family Townhouses

transactions in Cobble Hill this quarter, where 3 deals occurred north of $6.5MM. Average sales price was $4.90MM, which is 30.74% above the prior quarter. These homes not only were 12.85% larger than last period’s, but also had more recent renovations. Average PPSF increased on both periods at $1,415 PSF. The four-quarter

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

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$4,902,636

30.74%

$3,750,000

24.23%

$3,946,433

$1,415

17.54%

$1,204

31.44%

$1,076

$4,300,000

15.28%

$3,730,000

11.69%

$3,850,000

11

11

3

trailing average is $1,311 PSF and just under

17.54% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

$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)

$4.2MM gross.

$0.0 $0.0.0

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

PPSF PRICE

$0

Condo Summary The third quarter in Cobble Hill saw 12

Condominium Units

closed sales. Average sales price saw strong increases to $1.43MM, which is similarly reflected in average PPSF gains on the quarter to $1,260 PSF. The four-quarter trailing average is $1,222 PSF and just under $1.3MM gross.

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

AVERAGE PPSF INCREASE QUARTER OVER QUARTER

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,428,500

29.71%

$1,101,326

26.13%

$1,132,571

$1,260

12.81%

$1,117

2.37%

$1,231

$1,175,000

-9.01%

$1,291,305

0.00%

$1,175,000

12

8

7

$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)

12.81%

3Q21

$0.0 $0.0.0

2019 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 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 2021 Market Report | 7

CARROLL GARDENS Townhouse Summary Carroll Gardens saw double the townhouse

1 to 4 Family Townhouses

transactions this quarter at 15. Average sales price of $3.71MM saw increases on both trading north of $6MM. Furthermore, average PPSF was $1,336 PSF, which is a 79.01% increase on levels from last year.

The four-quarter trailing average is $1,178 PSF and just under $3.5MM gross.

25.51% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

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

(in Millions)

periods due to three fully rebuilt properties

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$3,710,033

10.51%

$3,357,071

15.04%

$3,225,000

$1,336

25.51%

$1,065

79.01%

$747

$3,100,000

8.77%

$2,850,000

-3.88%

$3,225,000

15

7

2

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

PPSF PRICE

$0

Condo Summary Thirteen condo transactions closed in Carroll

Condominium Units

Gardens this quarter, showing continued strength in the condo market. Average quarter-over-quarter now to $1.62MM. However, average PPSF decreased by 3.13% on the quarter to $1,179 PSF. The fourquarter trailing average is $1,214 PSF and over $1.4MM gross.

$1,214 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 4.84%

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,622,462

4.84%

$1,547,600

1.09%

$1,605,000

$1,179

-3.13%

$1,217

-12.80%

$1,353

$1,300,000

-7.67%

$1,408,000

-19.00%

$1,605,000

13

15

2

$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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 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 2021 Market Report | 8

COLUMBIA STREET WATERFRONT DISTRICT Townhouse Summary There were two townhouse transactions in

1 to 4 Family Townhouses

CSWD this quarter. Average sales price was $2.66MM and average PPSF was $1,437 PSF. The four-quarter trailing average is $1,183

Average Sales Price

PSF and just over $2.1MM gross.

Average Price Per Sq Ft Median Sales Price

$1,183 AVERAGE PPSF TRAILING OVER FOUR QUARTERS

(in Millions)

Number of Sales

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$2,662,500

52.14%

$1,750,000

-

-

$1,437

15.30%

$1,246

-

-

$2,662,500

52.14%

$1,750,000

-

-

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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0

Condo Summary Columbia Street Waterfront District saw a

Condominium Units

flurry of activity at 15 condo transactions this quarter. Average sales price was $1.49MM, prior quarter. Average PPSF saw marginal quarter-over-quarter decreases at 1.57% but was still up on the year. The four-quarter trailing average is $1,130 PSF and just over $1.3MM gross.

20.81% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

(in Millions)

which is 33.94% higher than levels from the

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,499,320

33.94%

$1,119,375

85.67%

$807,500

$1,128

-1.57%

$1,146

20.81%

$934

$1,430,000

27.96%

$1,117,500

77.09%

$807,500

15

4

2

$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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

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.

3Q 2021 Market Report | 9

BOERUM HILL Townhouse Summary In Boerum Hill, there were 12 townhouse

1 to 4 Family Townhouses

transactions this quarter, three times the amount last quarter. While average sales was just up 1.04% on the year. Average PPSF increased 22.09% on the quarter. The fourquarter trailing average is $1,161 PSF and over $3.1MM gross.

$3.38MM AVERAGE SALES PRICE THIS QUARTER

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

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$3,384,083

6.17%

$3,187,500

1.04%

$3,349,167

$1,308

22.09%

$1,072

1.80%

$1,285

$3,075,000

-5.38%

$3,250,000

0.90%

$3,047,500

12

4

3

$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)

price increased moderately on the quarter, it

3Q21

$0.0 $0.0

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

PPSF PRICE

$0

Condo Summary Boerum Hill saw an incredible 31 condo

Condominium Units

transactions this third quarter, notably led by three condo buildings. The 11.17% decrease 2.66% increase in average PPSF this quarter is explained by smaller unit sizes trading.

That said, both metrics were up on the year.

The four-quarter trailing average is $1,332 PSF and just under $1.6MM gross.

$1,350 AVERAGE PPSF THIS QUARTER

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

(in Millions)

in average sales price combined with the

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,572,714

-11.17%

$1,770,492

13.94%

$1,380,250

$1,350

2.66%

$1,315

10.14%

$1,226

$1,545,000

-4.92%

$1,625,000

12.57%

$1,372,500

31

19

9

$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 2Q2020 3Q2020 4Q 2021 1Q 2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

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.

3Q 2021 Market Report | 10

GOWANUS Townhouse Summary Gowanus had 6 townhouse transactions

1 to 4 Family Townhouses

this quarter. Average sales price and average PPSF were up significantly on both periods, notably by 42.01% and 40.93% on the year, respectively. The four-quarter trailing average is $1,018 PSF and over $2.2MM

Average Sales Price Average Price Per Sq Ft Median Sales Price

gross.

$1,223 AVERAGE PPSF THIS QUARTER

(in Millions)

Number of Sales

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$2,634,210

17.57%

$2,240,625

42.01%

$1,854,950

$1,223

24.52%

$982

40.93%

$868

$2,762,500

41.85%

$1,947,500

48.93%

$1,854,950

6

8

2

$5.0

$2,500

$4.0

$2,000

$3.0

$1,500

$2.0

$1,000

$1.0

$500

$0.0

2019 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0

Condo Summary Gowanus saw another 15 condo transactions

Condominium Units

this quarter. Although the deal volume was stable, all price metrics increased. Average and even more so on the year. Average PPSF increased too, but only marginally to $1,122 PSF. The four-quarter trailing average is $1,136 PSF and over $965K gross.

23.63% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

sales price was up 18.42% on the quarter,

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,060,126

18.42%

$895,233

23.63%

$857,500

$1,122

1.65%

$1,104

2.98%

$1,090

$1,090,000

50.34%

$725,000

27.11%

$857,500

15

15

2

$5.0

$2000 $2,000

$4.0

$1,600 $1600

$3.0

$1,200 $1200

$2.0

$800

$1.0

$400

$0.0

2019 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

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.

3Q 2021 Market Report | 11

FORT GREENE Townhouse Summary Fort Greene had another 12 closed deals this

1 to 4 Family Townhouses

quarter. The strong interest starting midpandemic translated to further increases measure, markedly by 24.63% on the year.

Similarly, average PPSF increased on both periods by an average of 20.95% to $1,137 PSF. The four-quarter trailing average is $979 PSF and over $3.2MM gross.

$3.58MM AVERAGE SALES PRICE THIS QUARTER

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

(in Millions)

in average sales price on both periods we

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$3,575,208

10.74%

$3,228,333

24.63%

$2,868,625

$1,137

21.78%

$934

20.11%

$947

$3,512,500

12.94%

$3,110,000

11.51%

$3,150,000

12

12

8

$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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0

Condo Summary Fort Greene saw 13 condo transactions this

Condominium Units

quarter, a continued increase from prior periods. Average sales price decreased on both periods we measure, but average PPSF increased. The four-quarter trailing average is $1,073 PSF and under $1.2MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$1,080 AVERAGE PPSF THIS QUARTER

(in Millions)

Number of Sales

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,124,808

-7.94%

$1,221,761

-10.33%

$1,254,375

$1,080

0.35%

$1,076

6.22%

$1,017

$980,000

-16.60%

$1,175,000

-19.18%

$1,212,500

13

9

4

$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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

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.

3Q 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

$1,592

$7,067,500

4,601

509

$70,675,000

10

3%

Cobble Hill

$1,415

$4,902,636

3,547

987

$53,929,000

11

4%

Carroll Gardens

$1,336

$3,710,033

2,768

1,461

$55,650,500

15

5%

Fort Greene

$1,137

$3,575,208

3,236

1,260

$42,902,500

12

4%

Boerum Hill

$1,308

$3,384,083

2,736

810

$40,608,999

12

4%

Park Slope

$1,115

$3,293,672

3,043

5,588

$197,620,303

60

21%

Prospect Heights

$1,227

$2,935,000

2,409

925

$23,480,000

8

3%

$748

$2,700,000

3,609

75

$2,700,000

1

-

Columbia Water District

$1,437

$2,662,500

1,855

204

$5,325,000

2

1%

Gowanus

$1,223

$2,634,210

2,150

984

$15,805,261

6

2%

Clinton Hill

$870

$2,323,077

2,703

1,376

$30,199,999

13

4%

Williamsburg

$826

$1,926,704

2,460

3,099

$46,240,900

24

8%

Greenpoint

$761

$1,832,500

2,529

2,199

$32,985,000

18

6%

Bedford-Stuyvesant West

$657

$1,770,585

2,815

4,397

$92,070,437

52

18%

Bedford-Stuyvesant East

$599

$1,539,910

2,604

6,863

$70,835,851

46

16%

-

-

-

4

-

-

-

$949

$2,693,203

2,849

30,741

$781,028,750

290

100%

Market*

Downtown Brooklyn

DUMBO ALL

* Ranked by “Average Sales Price”

Top 5 Townhouse Sales By Sales Price

Top 5 Townhouse Sales By Price Per Square Foot

Address

Neighborhood Sales Price

Square Feet

$PSF

1

271 Hicks St

Brooklyn Heights $12,750,000

6,354

$2,007

2

195 Congress St

Cobble Hill

$8,500,000

4,000

3

552 1st St

Park Slope

$8,000,000

4

14 Wyckoff St

Cobble Hill

5

297 Henry St

Brooklyn Heights

Rank

Address

Neighborhood

Sales Price

Square Feet

$PSF

1

112 Nevins St

Boerum Hill

$2,950,000

1,242

$2,375

$2,125

2

41 Garden Pl

Brooklyn Heights

$7,025,000

3,220

$2,182

4,920

$1,626

3

195 Congress St

Cobble Hill

$8,500,000

4,000

$2,125

$7,550,000

5,112

$1,477

4 10 Grace Court Aly Brooklyn Heights

$5,250,000

2,520

$2,083

$7,450,000

5,200

$1,433

5

$3,800,000

1,875

$2,027

Rank

62 Verandah Pl

Cobble Hill

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 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

$1,510

$2,449,607

1,549

950

$97,984,266

40

6%

Downtown Brooklyn

$1,473

$1,481,679

1,001

1,742

$182,246,507

123

19%

Boerum Hill

$1,350

$1,572,714

1,142

907

$48,754,138

31

5%

DUMBO

$1,340

$2,022,402

1,409

1,266

$44,492,845

22

3%

Williamsburg

$1,312

$1,450,837

1,107

9,805

$217,625,550

150

23%

Park Slope

$1,299

$1,502,435

1,165

3,017

$112,682,611

75

11%

Prospect Heights

$1,280

$1,587,526

1,215

1,544

$53,975,888

34

5%

Greenpoint

$1,265

$1,296,789

1,002

1,313

$24,638,986

19

3%

Cobble Hill

$1,260

$1,428,500

1,118

669

$17,142,000

12

2%

Carroll Gardens

$1,179

$1,622,462

1,349

733

$21,092,000

13

2%

Columbia Water District

$1,128

$1,499,320

1,447

746

$22,489,800

15

2%

Gowanus

$1,122

$1,060,126

946

610

$15,901,888

15

2%

Clinton Hill

$1,093

$1,237,750

1,133

1,064

$27,230,500

22

3%

Fort Greene

$1,080

$1,124,808

1,034

879

$14,622,500

13

2%

Bedford-Stuyvesant East

$858

$740,755

872

450

$9,629,813

13

2%

Bedford-Stuyvesant West

$834

$986,369

1,251

2,675

$58,195,800

59

9%

$1,275

$1,474,674

1,151

28,370

$968,705,092

656

100%

Market*

ALL

* Ranked by “Average Price Per Sq Ft”

Top 5 Condominium Sales By Sales Price

Top 5 Condominium Sales By Price Per Square Foot

Address

Neighborhood

Sales Price

Square Feet

$PSF

1

1 John St #PHC

DUMBO

$5,700,000

2,567

$2,220

1 138 Willoughby St #68A Downtown Brooklyn $2,847,490 1,181 $2,411

2

1 John St #PHD

DUMBO

$5,640,000

2,539

$2,221

2

1 John St #PHD

DUMBO

$5,640,000 2,539 $2,221

3

1 Clinton St #27A

Brooklyn Heights $5,300,000

2,527

$2,097

3

1 John St #PHC

DUMBO

$5,700,000 2,567 $2,220

4

60 Broadway #PH1A

$4,890,000

2,462

$1,986

4 90 Furman St #N1016

Brooklyn Heights

$4,500,000 2,082 $2,161

5

90 Furman St #210

Brooklyn Heights $4,749,000

2,890

$1,643

5

Rank

Williamsburg

Rank

Address

22 N 6th St #19L

Neighborhood

Williamsburg

Sales Price

$1,290,000

Square $PSF Feet

601 $2,146

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 2021 Market Report | 14

CLINTON HILL Townhouse Summary Clinton Hill saw a strong uptick in townhouse

1 to 4 Family Townhouses

transactions at 13 this quarter. However, the deals that traded occurred at an even lower average sales price than the prior quarter

Average Sales Price

at $2.32MM, which is also 16.08% below

Average Price Per Sq Ft

levels last year at this time. Average PPSF

Median Sales Price

year. The four-quarter trailing average is

Number of Sales

$899 PSF and just over $2.6MM gross.

16.08% AVERAGE SALES PRICE DECREASE YEAR OVER YEAR

(in Millions)

was level on the quarter, but down on the

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$2,323,077

-23.25%

$3,027,000

-16.08%

$2,768,333

$870

-0.37%

$873

-9.00%

$956

$2,450,000

-19.01%

$3,025,000

15.29%

$2,125,000

13

5

3

$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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0

Condo Summary There were 22 condo transactions this

Condominium Units

quarter in Clinton Hill. Although average sales price was up on the quarter, it was down on the year. On the other hand, average PPSF saw increases on both periods to $1,093 PSF. The four-quarter trailing average is $1,063 PSF and over $1.1MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

6.93% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,237,750

14.57%

$1,080,306

-31.24%

$1,800,000

$1,093

3.63%

$1,055

6.93%

$1,022

$1,200,000

41.18%

$850,000

-33.33%

$1,800,000

22

17

1

$3.75 $3.75

$2000 $2,000

$3.00 $3.00

$1,600 $1600

$2.25 $2.25

$1,200 $1200

$1.50 $1.50

$800

$0.75 $0.75

$400

$0.0 $0.00

2019 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

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.

3Q 2021 Market Report | 15

PROSPECT HEIGHTS Townhouse Summary There were 8 townhouse transactions this

1 to 4 Family Townhouses

quarter in Prospect Heights. Average sales price of $2.94MM was up on the quarter PPSF was $1,227, which was consistently up on both periods by an average of 34.73%.

The four-quarter trailing average is $1,048 PSF and just over $2.9MM gross.

21.72% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

and, by a similar degree, on the year. Average

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$2,935,000

24.98%

$2,348,333

21.72%

$2,411,250

$1,227

34.70%

$911

34.76%

$911

$3,000,000

30.43%

$2,300,000

36.36%

$2,200,000

8

6

4

$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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0

Condo Summary Prospect Heights saw an impressive 34

Condominium Units

condo transactions this quarter, and at higher average prices than before. Average to $1.59MM, meanwhile average PPSF increased 9.17% to $1,280 PSF. The fourquarter trailing average is $1,204 PSF and over $1.4MM gross.

$1.43MM AVERAGE SALES PRICE OVER TRAILING FOUR QUARTERS

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

(in Millions)

sales price was up 10.23% on the quarter

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,587,526

10.23%

$1,440,224

17.10%

$1,355,646

$1,280

9.17%

$1,172

7.84%

$1,187

$1,545,000

40.45%

$1,100,000

16.48%

$1,326,400

34

21

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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

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.

3Q 2021 Market Report | 16

PARK SLOPE Townhouse Summary Park Slope continued with another strong

1 to 4 Family Townhouses

quarter with 60 townhouse transactions.

Average sales price increased marginally on year. Average PPSF at $1,115 PSF was down on the quarter and up on the year. The fourquarter trailing average is $1,080 PSF and just over $3.0MM gross.

2.92% AVERAGE PPSF DECREASE QUARTER OVER QUARTER

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

(in Millions)

the quarter but was significantly up on the

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$3,293,672

1.68%

$3,239,375

27.90%

$2,575,188

$1,115

-2.92%

$1,148

13.54%

$982

$3,000,000

-0.83%

$3,025,000

32.16%

$2,270,000

60

40

16

$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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0 $0

Condo Summary Park Slope saw 75 condo transactions this

Condominium Units

third quarter, which is a huge increase above levels last period. Average sales price was up addition, average PPSF increased slightly on the quarter and on the year to $1,299 PSF. The four-quarter trailing average is $1,234 PSF and just over $1.4MM gross.

$1.50MM AVERAGE SALES PRICE THIS QUARTER

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

(in Millions)

by an average of 9.51% on both periods. In

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,502,435

10.96%

$1,354,035

8.06%

$1,390,333

$1,299

5.98%

$1,225

6.08%

$1,224

$1,450,000

7.01%

$1,355,000

4.50%

$1,387,500

75

43

12

$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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

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.

3Q 2021 Market Report | 17

BEDFORD-STUYVESANT (West) Townhouse Summary There were 52 townhouse transactions in

1 to 4 Family Townhouses

Bedford-Stuyvesant West this third quarter, which is a strong rebound from last quarter, marking a 206% increase over levels

Average Sales Price

from this period last year mid-pandemic.

Average Price Per Sq Ft

Average sales price was up on the quarter

Median Sales Price

$657 PSF. The four-quarter trailing average

Number of Sales

is $624 PSF and over $1.7MM gross.

8.18% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

(in Millions)

at $1.77MM. Average PPSF also increased to

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,770,585

7.32%

$1,649,864

19.32%

$1,483,853

$657

8.18%

$607

15.29%

$570

$1,593,969

9.93%

$1,450,000

11.86%

$1,425,000

52

33

17

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

PPSF PRICE

$0

Condo Summary Condo transaction volume in Bedford-

Condominium Units

Stuyvesant West hit the brakes this quarter at 59. With that said, the average sales price jump from levels this time last year. Average PPSF was up on both periods at $834 PSF. The four-quarter trailing average is $786 PSF and just over $959K gross.

32.87% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

increased to $986K, which is a significant

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$986,369

3.44%

$953,565

32.87%

$742,364

$834

5.22%

$793

6.05%

$786

$890,000

-1.78%

$906,090

14.40%

$778,000

59

84

20

$3.75

$2000 $2,000

$3.00

$1,600 $1600

$2.25

$1,200 $1200

$1.50

$800

$0.75

$400

$0.0

2019 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

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.

3Q 2021 Market Report | 18

BEDFORD-STUYVESANT (East) Townhouse Summary Bedford-Stuyvesant East had 46 townhouse

1 to 4 Family Townhouses

transactions this quarter, which is a slight decrease from last quarter. With that for average sales price and average PPSF, the neighborhood saw increases in price, notably compared with the prior year. The four-quarter trailing average is $577 PSF and just under $1.5MM gross.

34.65% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,539,910

3.18%

$1,492,493

34.65%

$1,143,611

$599

1.85%

$588

41.70%

$423

$1,487,500

0.00%

$1,487,500

37.73%

$1,080,000

46

62

21

$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)

said, across the two periods we look at

3Q21

$0.0 $0.00

2019 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0 $0

Condo Summary Bedford-Stuyvesant East had 13 condo

Condominium Units

transactions this third quarter. Average sales price increased by 6.38% quarter-overwas $858, which is a substantial 46.01% increase over levels this time last year. The four-quarter trailing average is $818 PSF and just over $705K gross.

$858 AVERAGE PPSF THIS QUARTER

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

(in Millions)

quarter to $741K. Meanwhile, average PPSF

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$740,755

6.38%

$696,357

5.43%

$702,577

$858

3.97%

$825

46.01%

$588

$759,000

4.76%

$724,500

22.42%

$620,000

13

14

3

$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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

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.

3Q 2021 Market Report | 19

DOWNTOWN BROOKLYN Townhouse Summary There was another lone townhouse deal

1 to 4 Family Townhouses

in Downtown Brooklyn this quarter. The three-family home at 61 Duffield St closed at $2.70MM. The four-quarter trailing average is $1,177 PSF and just under $3.5MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$1,177 AVERAGE PPSF TRAILING OVER FOUR QUARTERS

(in Millions)

Number of Sales

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$2,700,000

-9.97%

$2,999,000

-

-

$748

-21.41%

$952

-

-

$2,700,000

-9.97%

$2,999,000

-

-

1

1

-

$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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0

Condo Summary Condominium transactions in Downtown

Condominium Units

Brooklyn saw 123 closes this quarter, largely led by the new development condo buildings at 11 Hoyt and Brooklyn Point. Compared with last quarter, average sales price was down 8.51% to $1.48MM, and average PPSF was down 3.45%. However, both metrics are still significantly above levels from the year prior. The four-quarter trailing average

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

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,481,679

-8.51%

$1,619,516

47.85%

$1,002,167

$1,473

-3.45%

$1,526

36.28%

$1,081

$1,325,000

-5.02%

$1,395,000

43.63%

$922,500

123

121

6

$1,473 AVERAGE PPSF THIS QUARTER

(in Millions)

is $1,483 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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

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.

3Q 2021 Market Report | 20

GREENPOINT Townhouse Summary Greenpoint saw a slight decrease in

1 to 4 Family Townhouses

townhouse transactions this quarter at 18.

Average sales price was $1.83MM, which was moderately down on both periods.

Average Sales Price

On the other hand, average PPSF saw

Average Price Per Sq Ft

substantial decreases on the quarter but

Median Sales Price

quarter trailing average is $840 PSF and just

Number of Sales

under $1.9MM gross.

4.62% AVERAGE SALES PRICE DECREASE YEAR OVER YEAR

(in Millions)

was level on the year at $761 PSF. The four-

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,832,500

-7.69%

$1,985,119

-4.62%

$1,921,250

$761

-19.55%

$946

1.01%

$753

$1,870,000

12.72%

$1,659,000

-2.48%

$1,917,500

18

21

4

$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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0

Condo Summary The third quarter in Greenpoint saw 19

Condominium Units

condo transactions. Average sales price at $1.29MM continued to increase on the quarter and even more so on the year.

Average PPSF at $1,265 PSF followed a similar trend with notable gains on the year.

The four-quarter trailing average is $1,252 PSF and just over $1.2MM gross.

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

AVERAGE PPSF INCREASE YEAR OVER YEAR

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,296,789

5.00%

$1,235,065

19.31%

$1,086,934

$1,265

2.42%

$1,235

13.61%

$1,114

$1,165,000

7.37%

$1,085,000

16.50%

$999,999

19

23

11

$5$5.0

$2000 $2,000

$4$4.0

$1,600 $1600

$3.0 $3

$1,200 $1200

(in Millions)

13.61%

3Q21

$2$2.0

$800

$1$1.0

$400

$0.0 $0

2019 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

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.

3Q 2021 Market Report | 21

WILLIAMSBURG Townhouse Summary Williamsburg saw 24 townhouse transactions

1 to 4 Family Townhouses

this quarter. Average sales price increased strongly on both periods, notably by 17.45% increased by a similar degree on the quarter but was markedly up on the year. The fourquarter trailing average is $801 PSF and just under $1.9MM gross.

$826 AVERAGE PPSF THIS QUARTER

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

(in Millions)

on the quarter to $1.93MM. Average PPSF

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,926,704

17.45%

$1,640,499

17.00%

$1,646,747

$826

17.27%

$704

44.09%

$573

$1,850,000

12.12%

$1,650,000

7.25%

$1,725,000

24

19

9

$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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

PPSF PRICE

$0

Condo Summary Williamsburg saw 150 condo transactions

Condominium Units

this quarter, an impressive rebound from pandemic lows. In addition to the increasing volume, average sales price and PPSF have risen, notably average PPSF to $1,312 PSF. The four-quarter trailing average is $1,190 PSF and under $1.3MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

21.54% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$1,450,837

19.68%

$1,212,255

19.30%

$1,216,075

$1,312

11.89%

$1,172

21.54%

$1,079

$1,250,000

12.11%

$1,115,000

17.92%

$1,060,000

150

126

40

$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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

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.

3Q 2021 Market Report | 22

DUMBO Condo Summary There were 22 condo transactions this

Condominium Units

quarter in DUMBO. Although another slight dip in volume compared with the prior period, these closings have continued to occur at higher average sales prices now

Average Sales Price

at $2.02MM. With that said, average PPSF

Average Price Per Sq Ft

was minimally down on both periods we

Median Sales Price

measure at $1,340 PSF. The four-quarter trailing average is $1,424 PSF and over

Number of Sales

3Q21

%∆ (Qtr)

2Q21

%∆ (Yr)

3Q20

$2,022,402

10.38%

$1,832,223

-1.84%

$2,060,259

$1,340

-7.80%

$1,453

-4.87%

$1,408

$1,660,000

8.50%

$1,530,000

-9.29%

$1,830,000

22

30

7

4.87% AVERAGE PPSF DECREASE YEAR OVER YEAR

(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 2Q2020 3Q2020 4Q2021 1Q2021 2Q2021 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 2020 2020 2021 2021 20213Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

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 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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