WEEKLY REPORT May 18 – 24, 2020
BROWNSTONE BROOKLYN LUXURY MARKET REPORT
BROWNSTONE BROOKLYN LUXURY MARKET REPORT
WEEKLY REPORT May 18 – 24, 2020
All Properties Listed at $2.25MM and Above
NEW TO MARKET This week there were 10 new properties priced above $2.25MM put on the market. Average asking price is up 14% from last week, at $3.37MM. Median asking is
10 Listings
$3,372,500 Average Asking Price
down 14% week-over-week, at $2.57MM. Average price per square foot (PPSF) is $1,270, which is 17% down from last week's average PPSF. Total volume is $33.73MM.
$2,570,000 Median Asking Price
The new listings notably include two condominiums at 90 Furman Street, which is located at the Brooklyn Heights waterfront, one condominium in Park Slope at 505 2nd Street #2, and two townhouses, 314 Clermont
$1,270 Average PPSF
Avenue in Fort Greene and 875 Pacific Street in Prospect Heights. Top asking price is $7.15MM for 90 Furman Street N-1010 ($2,241PSF).
$33,725,000 Total Volume
@E VBrownstoneBrooklyn brownstonebrooklyn.evrealestate.com
All materials presented herein are prepared by Brennan Realty Services LLC, (d/b/a Engel & VĂślkers Brownstone Brooklyn) 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 PerchwellTM, PropertySharkTM, NYC.gov, and other sources deemed reliable. Methodology subject to change.
BROWNSTONE BROOKLYN LUXURY MARKET REPORT
WEEKLY REPORT May 18 – 24, 2020
All Properties Listed at $2.25MM and Above
IN CONTRACT Three deals above $2.25MM went into contract this
3 Deals
week: 84 Putnam Avenue in Bed-Stuy, 108 India
$2,547,000
Street, Garden Unit in Greenpoint, and 308 N 7th
Average Asking Price
Street, #PHB in Williamsburg. Average asking price is up 2% from last week, at $2.55MM. Median asking is marginally up by 0.10% to $2.5MM. Average PPSF is $1,217, down from last week by 0.81%. There were no
$2,500,000 Median Asking Price
price adjustments again. Total volume amounts to $7.64MM, which is up 171.74% from last week's volume. Of the three deals, 84 Putnam Avenue is a townhouse
$1,217 Average PPSF
resale. Its price is 6% above average asking price from last week's resales, however on a square foot basis, it is 13% below.
0.00% Average Discount
308 N 7th Street, #PHB has been on the market for 599 days (a significant amount of time), finally entering contract on 5/21/20. The other listings under contract have been on the market for an average of 75 days.
250 Average Days on Market
$7,641,000 Total Volume
@E VBrownstoneBrooklyn brownstonebrooklyn.evrealestate.com
All materials presented herein are prepared by Brennan Realty Services LLC, (d/b/a Engel & VĂślkers Brownstone Brooklyn) 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 PerchwellTM, PropertySharkTM, NYC.gov, and other sources deemed reliable. Methodology subject to change.
BROWNSTONE BROOKLYN LUXURY MARKET REPORT
WEEKLY REPORT May 18 – 24, 2020
In Contract Properties Listed at $2.25MM And Above
TOWNHOUSES
Resale
Sponsor
1
—
Average Asking Price
$2,645,000
—
Median Asking Price
$2,645,000
—
$924
—
0.00%
—
$2,645,000
—
76
—
Resale
Sponsor
Deals
—
2
Average Asking Price
—
$2,498,000
Median Asking Price
—
$2,498,000
Average PPSF
—
$1,363
Average Discount
—
0.00%
Total Volume
—
$4,996,000
Average Days on Market
—
337
Resale
Sponsor
Deals
—
—
Average Asking Price
—
—
Median Asking Price
—
—
Average PPSF
—
—
Average Discount
—
—
Total Volume
—
—
Deals
Average PPSF Average Discount Total Volume Average Days on Market
CONDOS
CO-OPS
@E VBrownstoneBrooklyn brownstonebrooklyn.evrealestate.com
All materials presented herein are prepared by Brennan Realty Services LLC, (d/b/a Engel & Völkers Brownstone Brooklyn) 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 PerchwellTM, PropertySharkTM, NYC.gov, and other sources deemed reliable. Methodology subject to change.
BROWNSTONE BROOKLYN LUXURY MARKET REPORT
WEEKLY REPORT May 18 – 24, 2020
@E VBrownstoneBrooklyn brownstonebrooklyn.evrealestate.com
All materials presented herein are prepared by Brennan Realty Services LLC, (d/b/a Engel & VĂślkers Brownstone Brooklyn) 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 PerchwellTM, PropertySharkTM, NYC.gov, and other sources deemed reliable. Methodology subject to change.
