Engel & Völkers Brownstone Brooklyn 4Q19 Market Report by Engel & Völkers Brownstone Brooklyn

4Q19

BROWNSTONE BROOKLYN MARKET REPORT

Brownstone Brooklyn Market Report 4Q19 Overview In this quarter’s report, we have added Downtown Brooklyn, Williamsburg, Greenpoint and Bedford-Stuyvesant (East) to the 12 other neighborhoods we already cover. Bedford-Stuyvesant (East and West combined) accounted for 50% of the number of total townhouse transactions (87 out 177) and totaled $123.1MM in gross transaction volume. Williamsburg accounted for 29% (67 out of 233) of all condominium deals, which totaled $72.4MM for that neighborhood.

Townhouses Over $351MM worth of 1- to 4-family townhouses traded hands in 4Q19, versus $425MM during 4Q18, a decrease of $69MM, or 16.4%. Transaction volume decreased 13.2% compared to last year. The average sales price decreased modestly as well, to approximately $2,007,969. For the first time in our reporting two Fort Greene townhouses are amongst the Top 5 sales. A market-wide overview and notable transactions appear on page 12 of this report.

Condominiums Approximately $268MM worth of condominiums sold in 4Q19, versus $463MM during 4Q18, a decrease of $195MM, or 42.1%. The number of transactions dropped 11.4% and year over year average price per square foot ticked up slightly by 0.7% to $1,146 and average sales price moved down by 5.7%. Greenpoint dominated our Top 5 charts on both a gross and dollar per square foot basis. A market-wide overview and other notable condominium transactions appear on page 13 of this report. If you are interested in receiving a complimentary opinion of value for your property, please don’t hesitate to contact me directly. Sincerely,

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

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Neighborhoods Summary

Brooklyn Heights

Cobble Hill

Carrol Gardens

Columbia Street Waterfront District

Boerum Hill

Gowanus

Fort Greene

Clinton Hill

Prospect Heights

Park Slope

Bedford-Stuyvesant (West)

Bedford-Stuyvesant (East)

Downtown Brooklyn

Greenpoint

Williamsburg

DUMBO

Townhouse Market Neighborhood Overview

Condominium Market Neighborhood Overview

Exclusive Listings

Notes

4Q 2019 Market Report | 4

BROWNSTONE BROOKLYN Townhouse Summary The townhouse market saw a slightly down

1 to 4 Family Townhouses

177 transactions this quarter. Average sales prices and PPSF both decreased by double digits on the quarter. Both metrics also decreased on the year, but less significantly. The four-quarter trailing average is $819 PSF and just over $2.2MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

12.53% AVERAGE SALES PRICE DECREASE QUARTER OVER QUARTER

(in Millions)

Number of Sales

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$2,007,969

-12.53%

$2,295,556

-3.64%

$2,083,852

$740

-13.06%

$851

-7.93%

$803

$1,799,000

-5.56%

$1,905,000

-0.06%

$1,800,000

177

230

204

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary The condo market saw a significant drop in

Condominium Units

transaction volume, even when adjusted for

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,150,789

-15.69%

$1,364,950

-5.74%

$1,220,862

$1,146

-4.91%

$1,205

0.71%

$1,138

$995,000

-15.86%

$1,182,500

2.05%

$975,000

seasonality. Average sales price decreased significantly on the quarter and, while more

Average Sales Price

modestly, on the year. PPSF decreased on the

Average Price Per Sq Ft

quarter, but was mostly level on the year. The

Median Sales Price

and just under $1.4MM gross.

Number of Sales

$1.4MM AVERAGE SALES PRICE OVER TRAILING FOUR QUARTERS

(in Millions)

four-quarter trailing average is $1,203 PSF

233

420

379

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

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.

4Q 2019 Market Report | 5

BROOKLYN HEIGHTS Townhouse Summary Brooklyn Heights saw only 3 townhouse

1 to 4 Family Townhouses

transactions this quarter. Average sales price and PPSF decreased significantly over both price dropped 34.35% on the year, but with such limited volatility, these metrics may be skewed. The four-quarter trailing average is $1,587 PSF and over $5.3MM gross.

$1,587 AVERAGE PPSF OVER TRAILING FOUR QUARTERS

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

(in Millions)

periods. Most significantly, average sales

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$4,733,333

-13.26%

$5,457,222

-34.35%

$7,210,000

$1,386

-21.21%

$1,759

-10.04%

$1,541

$4,350,000

-16.35%

$5,200,000

-38.73%

$7,100,000

$15.0 $15.0

$2500 $2,500

$12.0 $12.0

$2,000 $2000

$9.0 $9.0

$1,500 $1500

$6.0 $6.0

$1,000 $1000

$3.0 $3.0 $0.0 $0.0

PPSF PRICE

$500 2017 4Q2018 1Q2018 2Q2018 3Q2018 4Q2019 1Q2019 20173Q2017 2017 2018 2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

$0 $0

Condo Summary The fourth quarter saw only 4 transactions,

Condominium Units

a continued decrease in transaction volume.

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,490,750

-32.13%

$2,196,624

-40.94%

$2,523,949

$1,356

-2.63%

$1,393

5.89%

$1,281

$1,610,000

-23.06%

$2,092,500

-4.26%

$1,681,563

Average sales price decreased 32.13% on the quarter and 40.94% on the year. PPSF,

Average Sales Price

however, increased slightly by 5.89% on

Average Price Per Sq Ft

the year. The four-quarter trailing average is $1,402 PSF and just over $2.7MM gross.

Median Sales Price

40.94% AVERAGE SALES PRICE DECREASE YEAR OVER YEAR

(in Millions)

Number of Sales

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

4Q 2019 Market Report | 6

COBBLE HILL Townhouse Summary There were 8 townhouse transactions

1 to 4 Family Townhouses

in Cobble Hill this fourth quarter. While average sales price decreased on the PPSF decreased on both periods, notably 33.49% on the quarter. The four-quarter trailing average is $1,311 PSF and just over $4.5MM gross.

21.93% AVERAGE SALES PRICE INCREASE OVER TRAILING FOUR QUARTERS

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

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$3,474,375

-29.74%

$4,945,301

14.48%

$3,035,000

$1,017

-33.49%

$1,528

-16.72%

$1,221

$3,432,500

-23.64%

$4,495,000

27.13%

$2,700,000

$9.0.0 $9.0

$2500 $2,500

$7.2 $7.2.0

$2,000 $2000

$5.4 $5.4.0

$1,500 $1500

$3.6 $3.6.0

$1,000 $1000

$1.8 $1.8.0

$500 $500

(in Millions)

quarter, it increased 14.48% on the year.

4Q19

$0.0 $0.0.0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Cobble Hill saw a drop in transaction

Condominium Units

volume to 4 this quarter. Average sales price decreased significantly by 81.76% on the Residences. PPSF decreased 33.58% on the quarter and 13.62% on the year. The fourquarter trailing average is $1,409 PSF and over $2.4MM gross.

$1,030 AVERAGE PPSF THIS QUARTER

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

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$611,250

-81.76%

$3,351,968

-27.48%

$842,857

$1,030

-33.58%

$1,551

-13.62%

$1,192

$577,500

-84.04%

$3,617,388

-32.85%

$860,000

$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)

quarter following the sales of the Polhemus

4Q19

$0.0 $0.0.0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

4Q 2019 Market Report | 7

CARROLL GARDENS Townhouse Summary The volume of Carroll Gardens townhouse

1 to 4 Family Townhouses

transactions dropped to 6 this quarter. On the quarter, both average sales price and PPSF saw substantial decreases. On the year, the decreases averaged more modestly at 7.66%. The four-quarter trailing average is $1,084 PSF and under $3MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$947 AVERAGE PPSF THIS QUARTER

(in Millions)

Number of Sales

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$2,688,167

-19.49%

$3,338,949

-7.77%

$2,914,545

$947

-23.22%

$1,233

-7.54%

$1,024

$2,764,000

-10.84%

$3,100,000

6.31%

$2,600,000

$10.0

$2500 $2,500

$8.0

$2,000 $2000

$6.0

$1,500 $1500

$4.0

$1,000 $1000

$2.0

$500

$0.0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Seven condo transactions closed in Carroll

Condominium Units

Gardens this quarter. Average sales price

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,135,286

-22.38%

$1,462,541

-32.32%

$1,677,500

$1,143

-8.53%

$1,249

1.33%

$1,128

$1,225,000

-6.35%

$1,308,000

-26.97%

$1,677,500

decreased by more than 20% on both periods. PPSF, however, decreased on the

Average Sales Price

quarter, but changed only nominally on the

Average Price Per Sq Ft

year. The four-quarter trailing average is $1,183 PSF and under $1.5MM gross.

Median Sales Price

$1.1MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

Number of Sales

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

4Q 2019 Market Report | 8

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

1 to 4 Family Townhouses

in the Columbia Street Waterfront District during this quarter. The four-quarter trailing

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

Average Sales Price

-100.00%

$2,485,000

gross.

Average Price Per Sq Ft

-100.00%

$1,115

Median Sales Price

-100.00%

$2,485,000

Number of Sales

$1.8MM AVERAGE SALES PRICE OVER TRAILING FOUR QUARTERS

(in Millions)

average is $693 PSF and just under $1.9MM

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Columbia Street Waterfront District saw

Condominium Units

6 condo transactions again this quarter.

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,501,583

8.96%

$1,378,158

5.18%

$1,427,667

$1,250

7.06%

$1,168

4.74%

$1,193

$1,542,500

24.90%

$1,235,000

17.03%

$1,318,000

Average sales price was up by 8.96% on the quarter and 5.18% on the year. PPSF

Average Sales Price

increased similarly on both periods. The four-

Average Price Per Sq Ft

quarter trailing average is $1,167 PSF and under $1.3MM gross.

Median Sales Price

$1.3MM GROSS SALES PRICE OVER TRAILING FOUR QUARTERS

(in Millions)

Number of Sales

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2019 Market Report | 9

BOERUM HILL Townhouse Summary Boerum Hill saw only 2 townhouse

1 to 4 Family Townhouses

transactions this quarter. Average sales price was level on the quarter, but increased substantially on the year by 29.48%. PPSF decreased on both periods by around 8.50%. The four-quarter trailing average is $1,313 PSF and just over $3.4MM gross.

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

AVERAGE PPSF DECREASE QUARTER OVER QUARTER

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$3,925,000

-1.27%

$3,975,400

29.48%

$3,031,250

$1,198

-8.98%

$1,316

-8.43%

$1,308

$3,925,000

4.67%

$3,750,000

44.70%

$2,712,500

$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)

8.98%

4Q19

$0.0 $0.0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary There were only 2 condo transactions in

Condominium Units

Boerum Hill this quarter. Average sales price

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,310,000

-14.29%

$1,528,321

-3.65%

$1,359,667

$1,381

8.19%

$1,276

5.72%

$1,306

$1,310,000

4.59%

$1,252,500

95.81%

$669,000

decreased on both periods. PPSF increased by 8.19% on the quarter and 5.72% on

Average Sales Price

the year. The four-quarter trailing average is

Average Price Per Sq Ft

$1,243 PSF and under $1.5MM gross.

Median Sales Price

8.19% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

(in Millions)

Number of Sales

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2019 Market Report | 10

GOWANUS Townhouse Summary Gowanus saw a continued decrease in

1 to 4 Family Townhouses

townhouse transactions to 5 this quarter. Average sales price decreased on both periods. PPSF was level on the quarter, but it was up by 16.79% on the year. The fourquarter trailing average is $983 PSF and just under $2.1MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$2.1MM AVERAGE SALES PRICE OVER TRAILING FOUR QUARTERS

(in Millions)

Number of Sales

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,951,000

-18.47%

$2,392,857

-5.16%

$2,057,143

$1,079

0.38%

$1,075

16.79%

$924

$2,100,000

-4.55%

$2,200,000

14.75%

$1,830,000

$5.0

$2,500

$4.0

$2,000

$3.0

$1,500

$2.0

$1,000

$1.0

$500

$0.0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Gowanus saw a decline in transaction

Condominium Units

volume to 6 this quarter. Average sales

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$852,333

-27.46%

$1,174,989

-53.03%

$1,814,540

$1,094

-9.08%

$1,203

-17.25%

$1,322

$850,500

-33.29%

$1,275,000

-44.82%

$1,541,370

price decreased significantly on the quarter and more so on the year at 53.03%. To a

Average Sales Price

lesser extent, PPSF decreased both on the

Average Price Per Sq Ft

quarter and on the year. The four-quarter

Median Sales Price

$1.2MM gross.

Number of Sales

50.03% AVERAGE SALES PRICE DECREASE YEAR OVER YEAR

(in Millions)

trailing average is $1,207 PSF and just over

$5.0

$2000 $2,000

$4.0

$1,600 $1600

$3.0

$1,200 $1200

$2.0

$800

$1.0

$400

$0.0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2019 Market Report | 11

FORT GREENE Townhouse Summary Fort Greene saw 8 townhouse transactions

1 to 4 Family Townhouses

this quarter. Average sales price increased on the quarter, but dipped by more than 20% on the year. PPSF decreased on the quarter and also a large drop on the year. The fourquarter trailing average is $888 PSF and just over $2.5MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

20.33% AVERAGE SALES PRICE DECREASE YEAR OVER YEAR

(in Millions)

Number of Sales

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$2,856,094

4.00%

$2,746,375

-20.33%

$3,585,000

$838

-10.79%

$939

-27.51%

$1,156

$2,449,375

-10.85%

$2,747,623

-25.78%

$3,300,000

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary There was a significant drop in transaction

Condominium Units

volume to 4 in Fort Greene this quarter.

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,155,000

6.55%

$1,083,974

-9.92%

$1,282,167

$1,060

-4.73%

$1,112

-12.70%

$1,214

$1,115,000

-1.15%

$1,128,000

-19.93%

$1,392,500

Average sales price increased marginally on the quarter, but decreased on the year. On

Average Sales Price

the other hand, PPSF decreased on both

Average Price Per Sq Ft

periods. The four-quarter trailing average is $1,148 PSF and just over $1.2MM gross.

Median Sales Price

$1,060 AVERAGE PPSF THIS QUARTER

(in Millions)

Number of Sales

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2019 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

$1,386

$4,733,333

3,417

509

$14,200,000

2.00%

Boerum Hill

$1,198

$3,925,000

3,305

810

$7,850,000

1.00%

Cobble Hill

$1,017

$3,474,375

3,525

987

$27,795,000

5.00%

Fort Greene

$838

$2,856,094

3,476

1,260

$22,848,750

5.00%

Park Slope

$984

$2,738,225

2,838

5,588

$49,288,050

10.00%

Prospect Heights

$886

$2,700,000

3,050

925

$5,400,000

1.00%

Carroll Gardens

$947

$2,688,167

2,872

1,461

$16,129,000

3.00%

Williamsburg

$884

$2,080,818

2,562

3,099

$22,889,000

6.00%

Clinton Hill

$816

$2,056,571

2,549

1,376

$14,396,000

4.00%

Greenpoint

$840

$2,012,626

2,524

2,199

$38,239,885

11.00%

$1,079

$1,951,000

1,910

984

$9,755,000

3.00%

Bedford Stuyvesant West

$562

$1,498,252

2,830

4,397

$59,930,096

23.00%

Bedford Stuyvesant East

$511

$1,343,398

2,658

6,863

$63,139,693

27.00%

Columbia Water District

204

1.00%

Downtown Brooklyn

0.00%

DUMBO

0.00%

$740

$2,007,969

2,781

30,741

$351,860,474

177

100.00%

Market*

Gowanus

ALL

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

Top 5 Townhouse Sales By Sales Price

Top 5 Townhouse Sales By Price Per Square Foot

Address

Neighborhood

Sales Price

Square Feet

$PSF

72 Hicks St

Brooklyn Heights

$5,700,000

3,400

$1,676

306 State St

Boerum Hill

$4,800,000

4,148

124 Dekalb Ave

Fort Greene

$4,700,000

187 Amity St

Cobble Hill

50 S Portland Ave

Fort Greene

Rank

Address

Neighborhood

Sales Price

Square Feet

$PSF

72 Hicks St

Brooklyn Heights

$5,700,000

3,400

$1,676

$1,157

467 Carroll St

Gowanus

$2,360,000

1,616

$1,460

5,121

$918

216 Kane St

Cobble Hill

$3,365,000

2,320

$1,450

$4,500,000

4,600

$978

161 A Diamond St

Greenpoint

$2,400,000

1,764

$1,361

$4,485,000

3,936

$1,139

152 Wythe Ave

Williamsburg

$2,700,000

2,040

$1,324

Rank

4Q 2019 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

Greenpoint

$1,384

$1,458,260

1,016

1,313

$34,998,248

10.00%

Boerum Hill

$1,381

$1,310,000

905

610

$2,620,000

1.00%

DUMBO

$1,373

$1,650,039

1,207

669

$18,150,424

5.00%

Brooklyn Heights

$1,356

$1,490,750

1,129

950

$5,963,000

2.00%

Prospect Heights

$1,273

$1,211,469

961

1,544

$14,537,624

5.00%

Columbia Water District

$1,250

$1,501,583

1,226

1,266

$9,009,500

3.00%

Park Slope

$1,184

$1,293,943

1,093

907

$37,524,338

12.00%

Downtown Brooklyn

$1,169

$1,157,333

994

1,742

$20,832,000

8.00%

Williamsburg

$1,168

$1,080,891

936

9,805

$72,419,708

29.00%

Carroll Gardens

$1,143

$1,135,286

996

3,017

$7,947,000

3.00%

Gowanus

$1,094

$852,333

778

733

$5,114,000

3.00%

Fort Greene

$1,060

$1,155,000

1,103

1,064

$4,620,000

2.00%

Cobble Hill

$1,030

$611,250

600

879

$2,445,000

2.00%

Clinton Hill

$1,004

$1,098,333

1,111

746

$9,885,000

4.00%

Bedford Stuyvesant West

$782

$785,753

1,047

2,675

$18,858,060

10.00%

Bedford Stuyvesant East

$561

$535,000

976

450

$3,210,000

3.00%

$1,146

$1,150,789

1,007

28,370

$268,133,902

233

100.00%

Market*

ALL

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

Top 5 Condominium Sales By Sales Price

Top 5 Condominium Sales By Price Per Square Foot

Address

Neighborhood

Sales Price

Square Feet

$PSF

Rank

21 India St #38a

Greenpoint

$3,535,247

1,624

$2,357

50 Bayard St #PH1

Williamsburg

$3,298,000

2,396

1 Main St #2D

Dumbo

$3,150,000

21 India St #33a

Greenpoint

308 N 7th St #7D

Williamsburg

Rank

Address

Neighborhood

Sales Price

Square Feet

$PSF

21 India St #38a

Greenpoint

$3,535,247

1,624

$2,357

$1,376

21 India St #33B

Greenpoint

$2,141,635

1,112

$1,926

2,387

$1,320

21 India St #33a

Greenpoint

$2,732,220

1,443

$1,893

$2,732,220

1,443

$1,893

22 N 6th St #23L

Williamsburg

$1,090,000

601

$1,814

$2,396,452

1,466

$1,635

21 India St #38C

Greenpoint

$2,100,000

1,181

$1,778

4Q 2019 Market Report | 14

CLINTON HILL Townhouse Summary Seven townhouse transactions occurred in

1 to 4 Family Townhouses

Clinton Hill this quarter. Average sales price decreased by more than 20% on the quarter and on the year. PPSF followed a similar trend,

Average Sales Price

decreasing on both periods but by a lesser

Average Price Per Sq Ft

extent. The four-quarter trailing average is $854 PSF and just over $2.3MM gross.

Median Sales Price

$2.1MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

Number of Sales

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$2,056,571

-22.31%

$2,647,292

-20.88%

$2,599,444

$816

-14.09%

$950

-16.07%

$972

$2,110,000

-24.64%

$2,800,000

-21.85%

$2,700,000

$7.5 $7.5

$2500 $2,500

$6.0

$2,000 $2000

$4.5

$1,500 $1500

$3.0

$1,000 $1000

$1.5

$500

$0.0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Clinton Hill saw 9 condo transactions this

Condominium Units

quarter. Average sales price decreased on

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,098,333

-10.84%

$1,231,900

3.28%

$1,063,492

$1,004

-7.72%

$1,088

-5.04%

$1,058

$1,200,000

-1.84%

$1,222,500

23.08%

$975,000

the quarter, but increased marginally on the year. PPSF was down for both periods. The

Average Sales Price

four-quarter trailing average is $1,038 PSF

Average Price Per Sq Ft

and just over $1.1MM gross.

Median Sales Price

7.72% AVERAGE PPSF DECREASE QUARTER OVER QUARTER

(in Millions)

Number of Sales

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2019 Market Report | 15

PROSPECT HEIGHTS Townhouse Summary Prospect Heights saw half as many townhouse

1 to 4 Family Townhouses

transactions compared with last quarter at 2. Average sales price was up on both periods, impressively on the year. PPSF decreased on the quarter, but was notably up on the year. The four-quarter trailing average is $960 PSF and just under $2.6MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$2.7MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

Number of Sales

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$2,700,000

17.52%

$2,297,500

34.44%

$2,008,333

$886

-16.60%

$1,062

12.08%

$790

$2,700,000

22.03%

$2,212,500

68.75%

$1,600,000

$7.5 $7.5

$2500 $2,500

$6.0 $6.0

$2,000 $2000

$4.5 $4.5

$1,500 $1500

$3.0

$1,000 $1000

$1.5

$500

$0.0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary There were 12 condo transactions this

Condominium Units

quarter in Prospect Heights. Average sales

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,211,469

-21.85%

$1,550,127

-23.55%

$1,584,560

$1,273

3.00%

$1,236

-4.31%

$1,331

$1,205,000

-22.13%

$1,547,500

-20.67%

$1,519,046

price decreased by over 20% on both periods. PPSF, however increased marginally

Average Sales Price

on the quarter, and decreased by similar

Average Price Per Sq Ft

margin on the year. The four-quarter trailing

Median Sales Price

$1.5MM gross.

Number of Sales

$1.5MM

AVERAGE SALES PRICE OVER TRAILING FOUR QUARTERS

(in Millions)

average is $1,273 PSF and just under

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2019 Market Report | 16

PARK SLOPE Townhouse Summary Park Slope saw 18 townhouse transactions

1 to 4 Family Townhouses

this quarter. Although average sales price decreased on the quarter, it had a marginal increase on the year. PPSF decreased on both periods. The four-quarter trailing average is $1,063 PSF and just under $3MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

5.41% AVERAGE PPSF DECREASE QUARTER OVER QUARTER

(in Millions)

Number of Sales

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$2,738,225

-9.96%

$3,040,997

1.74%

$2,691,465

$984

-5.41%

$1,041

-3.31%

$1,018

$3,024,500

13.10%

$2,674,182

14.41%

$2,643,500

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

Condo Summary There were 29 transactions in Park Slope,

Condominium Units

a drop in transaction volume from last

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,293,943

-6.36%

$1,381,754

-0.44%

$1,299,646

$1,184

-1.76%

$1,205

0.01%

$1,183

$1,276,000

-6.69%

$1,367,500

2.90%

$1,240,000

quarter. Average sales price and PPSF slightly decreased on the quarter, but were

Average Sales Price

both level on the year. The four-quarter

Average Price Per Sq Ft

trailing average is $1,180 PSF and under $1.4MM gross.

Median Sales Price

$1,180 AVERAGE PPSF OVER TRAILING FOUR QUARTERS

(in Millions)

Number of Sales

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2019 Market Report | 17

BEDFORD-STUYVESANT (West) Townhouse Summary The fourth quarter saw 40 townhouse

1 to 4 Family Townhouses

transactions in Bedford-Stuyvesant West. Average sales price increased nominally on conversely, decreased nominally on the quarter, but saw similar notable growth to sales price on the year. The four-quarter trailing average is $563 PSF and over $1.5MM gross.

10.44% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

the quarter, but notably on the year. PPSF,

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,498,252

1.43%

$1,477,062

10.44%

$1,356,635

$562

-2.75%

$578

23.35%

$455

$1,397,500

0.54%

$1,390,000

7.50%

$1,300,000

$7.5 $7.5

$2500 $2,500

$6.0 $6.0

$2,000 $2000

$4.5 $4.5

$1,500 $1500

$3.0

$1,000 $1000

$1.5

$500

$0.0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Bedford-Stuyvesant West saw a decrease

Condominium Units

in transaction volume from last quarter by

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$785,753

1.95%

$770,736

1.35%

$775,324

$782

-5.92%

$831

3.63%

$754

$762,500

0.33%

$760,000

10.25%

$691,596

more than half. Average sales price increased marginally on the quarter and on the year.

Average Sales Price

PPSF decreased on the quarter, but increased

Average Price Per Sq Ft

on the year. The four-quarter trailing average is $792 PSF and under $800K gross.

Median Sales Price

5.92% AVERAGE PPSF DECREASE QUARTER OVER QUARTER

(in Millions)

Number of Sales

$3.75

$2000 $2,000

$3.00

$1,600 $1600

$2.25

$1,200 $1200

$1.50

$800

$0.75

$400

$0.0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2019 Market Report | 18

BEDFORD-STUYVESANT (East) Townhouse Summary Bedford-Stuyvesant

East

townhouse

1 to 4 Family Townhouses

transactions dropped notably to 47 this quarter. However, average sales price and PPSF increased on both periods. Most notably, average sales price rose on the quarter by 8.14%. The four-quarter trailing average is $512 PSF and just over $1.3MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$1.3MM AVERAGE SALES PRICE OVER TRAILING FOUR QUARTERS

(in Millions)

Number of Sales

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,343,398

8.14%

$1,242,330

3.92%

$1,292,666

$511

3.11%

$496

2.05%

$501

$1,195,000

5.52%

$1,132,500

-0.42%

$1,200,000

$3.75

$1500 $1,500

$3.0 $3.00

$1,200 $1200

$2.25

$900 $900

$1.50

$600 $600

$0.75 $0.75

$300 $300

$0.0 $0.00

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

Condo Summary Bedford-Stuyvesant East saw 6 transactions

Condominium Units

again this quarter. Average sales price

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$535,000

-22.95%

$694,333

-30.35%

$768,135

$561

-26.91%

$768

-36.43%

$883

$530,000

-24.29%

$700,000

-32.05%

$780,000

decreased sizably on the quarter, but even more significantly on the year. The same

Average Sales Price

trend is observed with PPSF. The four-quarter

Average Price Per Sq Ft

trailing average is $687 PSF and under $700K gross.

Median Sales Price

36.43% AVERAGE PPSF DECREASE YEAR OVER YEAR

(in Millions)

Number of Sales

$2.0 $2.0

$1500 $1,500

$1.6 $1.6

$1,200 $1200

$1.2

$900 $900

$1.8 $0.8

$600 $600

$0.4 $0.4

$300 $300

$0.0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2019 Market Report | 19

DOWNTOWN BROOKLYN Townhouse Summary There were no townhouse transactions in

1 to 4 Family Townhouses

Downtown Brooklyn this quarter. The four-

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

Average Sales Price

-100.00%

$3,975,000

Average Price Per Sq Ft

-100.00%

$1,240

Median Sales Price

0.36%

$3,975,000

Number of Sales

just under $4MM gross.

$1,240 AVERAGE PPSF OVER TRAILING FOUR QUARTERS

(in Millions)

quarter trailing average is $1,240 PSF and

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary There was an increase to 18 condo

Condominium Units

transactions in Downtown Brooklyn this

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,157,333

-7.19%

$1,247,015

23.60%

$936,333

$1,169

-0.11%

$1,170

-0.18%

$1,171

$1,150,000

15.00%

$999,999

30.68%

$880,000

quarter. While average sales price decreased on the quarter, it increased by more than

Average Sales Price

20% on the year. PPSF was level on the both

Average Price Per Sq Ft

periods. The four-quarter trailing average is $1,185 PSF and just under $1.2MM gross.

Median Sales Price

5.19% AVERAGE SALES PRICE INCREASE OVER TRAILING FOUR QUARTERS

(in Millions)

Number of Sales

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2019 Market Report | 20

GREENPOINT Townhouse Summary The fourth quarter saw 19 townhouse

1 to 4 Family Townhouses

transactions in Greenpoint, an increase from last quarter. Average sales price was level on the quarter and up on the year significantly.

Average Sales Price

PPSF decreased on the quarter, but was level

Average Price Per Sq Ft

on the year. The four-quarter trailing average is $848 PSF and over $1.9MM gross.

Median Sales Price

18.72% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$2,012,626

0.00%

$2,012,714

18.72%

$1,695,313

$840

-6.11%

$895

-0.59%

$845

$1,876,185

1.42%

$1,850,000

12.85%

$1,662,500

$7.5 $7.5

$2500 $2,500

$6.0 $6.0

$2,000 $2000

$4.5 $4.5

$1,500 $1500

$3.0

$1,000 $1000

$1.5

$500

$0.0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Greenpoint saw 24 condo transactions

Condominium Units

this quarter. Average sales price and PPSF

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,458,260

3.73%

$1,405,860

9.80%

$1,328,110

$1,384

1.25%

$1,367

19.58%

$1,158

$1,228,750

-3.63%

$1,275,000

2.06%

$1,203,952

increased on both periods, notably PPSF by nearly 20% on the year. The four-quarter

Average Sales Price

trailing average is $1,389 PSF and just under

Average Price Per Sq Ft

$1.5MM gross.

Median Sales Price Number of Sales

AVERAGE PPSF INCREASE YEAR OVER YEAR

$5$5.0

$2000 $2,000

$4$4.0

$1,600 $1600

$3.0 $3

$1,200 $1200

(in Millions)

19.58%

$2$2.0

$800

$1$1.0

$400

$0.0 $0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2019 Market Report | 21

WILLIAMSBURG Townhouse Summary Williamsburg saw 11 townhouse transactions

1 to 4 Family Townhouses

this quarter, a drop from last quarter, but on par with the same period in 2018. While on the quarter, it decreased on the year by almost 10%. Similarly PPSF experienced gains on the quarter but saw a notable drop on the year. The four-quarter trailing average is $833 PSF and over $1.9MM gross.

$884 AVERAGE PPSF THIS QUARTER

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

(in Millions)

average sales price increased significantly

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$2,080,818

14.68%

$1,814,517

-9.69%

$2,304,041

$884

7.38%

$823

-19.89%

$1,104

$2,200,000

21.12%

$1,816,425

1.15%

$2,175,000

$7.5 $7.5

$2500 $2,500

$6.0 $6.0

$2,000 $2000

$4.5 $4.5

$1,500 $1500

$3.0

$1,000 $1000

$1.5

$500

$0.0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Williamsburg saw condo transaction volume

Condominium Units

nearly cut in half this quarter. Average sales

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,080,891

-17.07%

$1,303,304

-7.55%

$1,169,225

$1,168

-9.65%

$1,293

-7.10%

$1,257

$935,000

-14.02%

$1,087,500

-6.41%

$999,000

price and PPSF decreased notably on both periods. Notably, average sales price dropped

Average Sales Price

by more that 17% on the quarter. The four-

Average Price Per Sq Ft

quarter trailing average is $1,254 PSF and just under $1.3MM gross.

Median Sales Price Number of Sales

AVERAGE SALES PRICE DECREASE QUARTER OVER QUARTER

118

100

$7.5 $6.0 $7.5

$2000 $2,000

$6.0

$1,600 $1600

$4.5 $4.5

$1,200 $1200

(in Millions)

17.07%

$3.0

$800

$1.5 $1.5

$400

$0.0

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2019 Market Report | 22

DUMBO Condo Summary Condominium Units DUMBO saw 11 condo transactions this quarter. Although average sales price

4Q19

%∆ (Qtr)

3Q19

%∆ (Yr)

4Q18

$1,650,039

-17.46%

$1,999,112

1.28%

$1,629,136

$1,373

3.77%

$1,323

3.46%

$1,327

$1,560,000

2.63%

$1,520,000

12.31%

$1,389,000

decreased by 17.46% on the quarter, it stayed level on the year. Meanwhile, PPSF

Average Sales Price

was up on both periods. The four-quarter

Average Price Per Sq Ft

trailing average is $1,347 PSF and just under $2.0MM gross.

Median Sales Price

$1,373 AVERAGE PPSF THIS QUARTER

(in Millions)

Number of Sales

$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

2017 3Q2018 4Q2019 1Q2019 20173Q2017 20174Q2018 20181Q2018 20182Q2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

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

Exclusive Listings

A Selection of Our Exclusive Listings

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Engel & Vรถlkers Brownstone Brooklyn

45 Main Street, Ste 1022

Brooklyn NY 11201 USA

T +1 718 858 8238

brownstonebrooklyn.evrealestate.com

ID AM-148134 ID AM-148134

Available Exclusive Listing

Timeless Elegance Block Elegance on on Historic Historic Block Timeless Historic 16 South Portland Avenue, Fort Greene · Brooklyn Block · NY · 11217 16 South South Portland Portland Avenue, Avenue, Fort Fort Green Greene Brooklyn · Brooklyn · NY NY · 11217 16 · · · 11217

Timeless Elegance on Historic Historic Block Block Bedrooms Dormitorio Schlafzimmer Bedrooms ·••Dormitorio · ••Schlafzimmer 55 Bedrooms Dormitorio Schlafzimmer 16 South Portland Avenue, Fort Greene · Brooklyn · NY · 11217 Fort Greene · Brooklyn · NY · 11217 3.5 Bathrooms Baño Badezimmer Bathrooms 3.5 Baño·••Badezimmer Badezimmer Bathrooms ·••Baño 3760 SF SF Living Construdia ·•Wohnflӓche Superficie Living Area 3760 Superficie Construida Construida • Wohnflӓche Wohnflӓche Living Area Area ·•• Superficie $4,500,000 $4,800,00055 Bedrooms Schlafzimmer Price Price ••· Preccio Preccio Preis ·••Preis • Dormitorio • Schlafzimmer $4,800,000 Price Preccio Preis 3.5 Brownstonebrooklyn.evrealestate.com Bathrooms • Baño • Badezimmer www.evrealestate.com 3.5 www.evrealestate.com 3760SF SF 3760 Construida •• Wohnflӓche Wohnflӓche Living Area • Superficie Construida Katriona Campbell-Kearney • C 917-680-3670 • katriona.kearney@evrealestate.com $4,800,000 $4,800,000 Price • Preccio • Preis Ryan Roberson • C 214-335-4836 • ryan.roberson@evrealestate.com www.evrealestate.com

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

& Völkers. All rights reserved. Engel & Völkers and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. Each property is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. © 2019 Engel & Völkers. All rights reserved. Engel & Völkers and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. Each property shop is independently owned © 2019 Engel & Völkers. All rights reserved. Engel & Völkers and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. Each property shop is independently owned and operated. All information provided is deemed reliable reliable but but is is not not guaranteed guaranteed and and should shouldbe beindependently independentlyverified. verified.IfIfyour yourproperty propertyisiscurrently currentlyrepresented representedby byaareal realestate estatebroker, broker,this thisisisnot notananattempt attempttotosolicit solicityour yourlisting. listing.

ID AM-149731 ID AM-149731

Available Exclusive Listing

Exquisite Heights Penthouse Exquisite Brooklyn Heights Penthouse Exquisite Brooklyn Brooklyn Heights Penthouse 24 ·· NY Street, PH PH ··· Brooklyn BrooklynHeights · NY · 11201 24 Remsen Remsen Street, Street, PH Brooklyn Heights NY ·· 11201 11201

Bedrooms ···Schlafzimmer Exquisite Brooklyn Heights Penthouse Bedrooms···Dormitorio Dormitorio Schlafzimmer Bedrooms Dormitorio Schlafzimmer Exquisite Brooklyn 24 Remsen Street, PH · Brooklyn Heights Penthouse · NY · 11201 Bathrooms · Baño · Badezimmer Heights

4 4 Bathrooms Baño Badezimmer 3.5 · · Bathrooms · Baño · Badezimmer 24 Remsen Street, PH · Brooklyn Heights · NY · 11201 3.5 Living ··· Superficie Construdia Living Area Area Superficie Construdia··· Wohnzimmer Wohnzimmer 2,414 SF / 224 SM Living Area Superficie Construdia Wohnzimmer Bedrooms · Dormitorio · Schlafzimmer 2,414 SF / 224 SM4 Bedrooms ··Dormitorio · Schlafzimmer Price ··· Preccio ··· Preis Price Preccio Preis $$$4,300,000 4,450,000 Price Preccio Preis Bathrooms Baño · Badezimmer 4,450,000 3.54 Bathrooms · Baño · Badezimmer www.brownstonebrooklyn.evrealestate.com Brownstonebrooklyn.evrealestate.com 3.5 www.brownstonebrooklyn.evrealestate.com Living Area · Superficie Construdia · Wohnzimmer 2,414 SF / 224 SM Living Area · Superficie Construdia · Wohnzimmer 2,414 SF / 224 SM Price · Preccio · Preis $ 4,450,000 Katriona Campbell-Kearney • C 917-680-3670 • katriona.kearney@evrealestate.com Price · Preccio · Preis $ 4,450,000 www.brownstonebrooklyn.evrealestate.com Deborah ‘Debi’ Pine • C 804-512-1021 • debi.pine@evrealestate.com www.brownstonebrooklyn.evrealestate.com

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

ID AM-148134 ID AM-155542

ID AM-155542 ID AM-155542

In Contract

Timeless Elegance on Historic Block Classic Pre-war Brooklyn Heights Pre-war Brooklyn Heights

16 South Portland Fort Greene · Brooklyn · NY · 11217 114 Clinton Street, 3G NY · 11201 114 Clinton St. 3G · Avenue, Brooklyn · NY· · Brooklyn · 11201

Classic Classic Pre-war Pre-war Brooklyn Brooklyn Heights Heights 114 Clinton St. 3G · Brooklyn · NY· 11201 Bedrooms Bedrooms ·•Dormitorio · •Schlafzimmer 114 Clinton St. 3G · Brooklyn · NY· 11201 Bedrooms Dormitorio Schlafzimmer Bathrooms Baño Badezimmer Bathrooms Bathrooms ·• Baño·• Badezimmer Bedrooms Bedrooms Sq Ft Size Size Ft Living Area • Superficie Construida • Wohnflӓche Bathrooms Bathrooms Price Preccio · Preis Price · Price Size • Preccio • Preis Sq Sq Ft Ft Size Brownstonebrooklyn.evrealestate.com www.evrealestate.com Price Dawn Silverstein Real Estate Salesperson

1 5 1 3.5 11 NA 3760 11 SF $595,000 $625,000 $4,800,000 NA NA $625,000 $625,000

Price Email: Donald Dawn.Silverstein@EVrealestate.com Brennan • C 927-568-6525 • donald.brennan@evrealestate.com Dawn Silverstein Real Salesperson © Mobile: 2019 Engel & Völkers. All rights reserved. Engel & VölkersEstate and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. Each property shop is independently owned 917.207.6369 Dawn Silverstein Real Estate and operated. All information provided is deemed reliable but is not guaranteedSalesperson and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Email: Dawn.Silverstein@EVrealestate.com Email: Dawn.Silverstein@EVrealestate.com © Mobile: 2019 Engel & Völkers. All rights reserved. Engel & Völkers and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. 917.207.6369 Mobile: 917.207.6369 Each property is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently ©2018 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.

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

ID AM-149731 ID AM-155077

ID AM-155077 ID AM-155077

In Contract

Trendy Prospect Trendy Exquisite BrooklynHeights Heights Penthouse 675 Vanderbilt Avenue, 1C · Brooklyn NY· ·NY 11238 675Remsen AvePH 1C ·· Brooklyn Brooklyn · NY· ·11238 24 Street, Heights · 11201

Trendy Prospect Trendy Prospect Heights Heights 675 Vanderbilt Ave 1C · Brooklyn · NY· 11238 Bedrooms Bedrooms Dormitorio Schlafzimmer Bedrooms ·· Dormitorio ·· Schlafzimmer 675 Vanderbilt Ave 1C · Brooklyn · NY· 11238 Bathrooms Bathrooms Baño Badezimmer Bathrooms ·· Baño ·· Badezimmer Bedrooms Bedrooms Ft Size Sq Size Living Area · Superficie Construdia · Wohnzimmer Bathrooms Bathrooms Price Preis Price ·· Preccio Preccio ·· Preis Sq Ft Size Sq Ft Size Brownstonebrooklyn.evrealestate.com www.brownstonebrooklyn.evrealestate.com

1 4 1 1 3.5 1 NA 2,414 SF / 224 1 SM 1 $535,000 $ 4,450,000 NA NA $535,000 $535,000

Price Dawn Price Silverstein Real Estate Salesperson Email: Donald Dawn.Silverstein@EVrealestate.com Brennan • C 927-568-6525 • donald.brennan@evrealestate.com Dawn Silverstein Real Estate Salesperson ©Mobile: 2019 Engel & Völkers. All rights reserved. Engel & Völkers and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. Each property shop is independently owned 917.207.6369 Dawn Silverstein Real Estate Salesperson and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Email: Dawn.Silverstein@EVrealestate.com Email: Dawn.Silverstein@EVrealestate.com © Mobile: 2019 Engel & Völkers. All rights reserved. Engel & Völkers and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. 917.207.6369 Mobile: 917.207.6369 Each property is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently ©2018 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.

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

AM-156387 ID AM-148134

AM-156387 AM-156387

Available Exclusive Listing

Alcove Studio | Co-op 85 Livingston St #5O · Downtown Brooklyn · NY · 11201 Timeless Elegance on Historic Block Alcove Studio | Co-op

16 Livingston South Portland Avenue, Fort Greene · NY · 11217 85 Street, 50 · Brooklyn 11201 · NY ·· Brooklyn

Alcove Studio Studio | | Co-op Alcove Co-opBrooklyn · NY · 11201 85 Livingston St #5O · Downtown Price · Preccio · Prix

85 Livingston St #5O ·•Downtown Bedrooms • Dormitorio SchlafzimmerBrooklyn · NY · 11201 Maintenance · Alimenti · Pension Alimentaire Bathrooms • Baño • Badezimmer

$495,000 5 $1,087 3.5

www.brownstonebrooklyn.evrealestate.com Brownstonebrooklyn.evrealestate.com 3760 SF Superficie Construida • Wohnflӓche Living· Preccio Area •· Prix Price $495,000 Deborah 'Debi' Pine C 804-512-1021 Price · Preccio · Prix $495,000 $4,800,000 Price • Preccio· •Alimenti Preis · Pension Alimentaire Maintenance $1,087 debi.pine@evrealestate.com Maintenance · Alimenti · Pension Alimentaire $1,087 www.evrealestate.com www.brownstonebrooklyn.evrealestate.com www.brownstonebrooklyn.evrealestate.com Deborah 'Debi' Pine C 804-512-1021 Deborah 'Debi' ‘Debi’ Pine C • C804-512-1021 804-512-1021 • debi.pine@evrealestate.com Deborah Pine ©debi.pine@evrealestate.com 2019 Engel & Völkers. All rights reserved. Engel & Völkers and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. Each property shop is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. debi.pine@evrealestate.com ©2018 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.

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

NOTES

Greenpoint

QUEENS

MANHATTAN Navy Yard

Williamsburg

DUMBO Brooklyn Heights

Downtown Brooklyn

Clinton Hill

Cobble Boerum Fort Greene Hill Hill Carroll Gardens Red Hook

Park Slope Greenwood Heights

BedfordStuyvesant

Prospect Heights

Gowanus

Windsor Terrace

Bushwick

Crown Heights

BROOKLYN Lefferts Gardens

Sunset Park

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Cobble Hill – 221A Court Street

Prospect Heights – 663 Vanderbilt Avenue

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

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