WEEKLY REPORT May 25 – 31, 2020
BROWNSTONE BROOKLYN LUXURY MARKET REPORT
BROWNSTONE BROOKLYN LUXURY MARKET REPORT
WEEKLY REPORT May 25 – 31, 2020
All Properties Listed at $2.25MM and Above
NEW TO MARKET There were 18 new properties priced above $2.25MM put on the market this last week of May. Average asking price is 4% below last week’s average asking price, at
18 Listings
$3,243,278 Average Asking Price
$3.24MM. However, median asking is up 15% week-overweek, at $2.97MM. Average price per square foot (PPSF) is $1,285, which is just 1% down from last week's average PPSF. Total volume is $58.38MM.
$2,972,500 Median Asking Price
The new townhouse listings notably include two adjacent buildings that have been combined into one property at 121-123 6 th Avenue, which is a resale in Park Slope, and 31 Belvidere Street in Bushwick, which was the original
$1,285 Average PPSF
office of the William Ulmer Brewery designed in the German Rundbogenstil (round arch) style of architecture. Two more sponsor units at One Clinton, a new
$58,379,000 Total Volume
condominium development in Brooklyn Heights, were put on the market this week. In Williamsburg, a penthouse resale at 138 Broadway in the cast-iron Smith & Gray building is now available. A selection of these notable properties is shown on page 6 of this report.
@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 25 – 31, 2020
New To Market Properties Listed at $2.25MM And Above
TOWNHOUSES
Resale
Sponsor
9
—
Average Asking Price
$3,570,444
—
Median Asking Price
$3,500,000
—
$1,017
—
$32,134,000
—
Resale
Sponsor
6
3
Average Asking Price
$3,029,167
$2,690,000
Median Asking Price
$2,945,000
$2,440,000
$1,621
$1,415
$18,175,000
$8,070,000
Resale
Sponsor
Listings
—
—
Average Asking Price
—
—
Median Asking Price
—
—
Average PPSF
—
—
Total Volume
—
—
Listings
Average PPSF Total Volume
CONDOS Listings
Average PPSF Total Volume
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 25 – 31, 2020
All Properties Listed at $2.25MM and Above
IN CONTRACT Four deals listed above $2.25MM went into contract this week: two sponsor units at One Clinton in Brooklyn Heights, and two townhouse resales at 198 Warren Street
4 Deals
$3,438,750 Average Asking Price
in Cobble Hill and 369 Bergen Street in Park Slope. Average asking is up 35% from last week, at $3.44MM. Median asking is up 24% at $3.10MM, compared to last week. Average PPSF is $1,432, which is up from last
$3,097,500 Median Asking Price
week by 18%. While average days on market was 201 days, between the four deals in contract, the two sponsor units spent an average of 311 days versus the townhouse resales of 91 days. Total volume amounts to $13.76MM.
$1,432 Average PPSF
The townhouse resale at 198 Warren Street is a 6bedroom, 4.5-bathroom two-family home in Cobble Hill that spans approximately 3,500 sq ft. 369 Bergen Street a 5-bedroom, 4.5-bathroom two-family double duplex in
1.56% Average Discount
Park Slope. More information on these townhouses is shown on page 6 of this report. The two sponsor units at One Clinton have an average
201 Average Days on Market
asking price 12% above the two sponsor units in contract last week at 108 India Street, Garden in Greenpoint and 308 N 7 th Street, #PHB in Williamsburg. Their average PPSF is $1,503, which is 10% above last week’s sponsor units’ average PPSF. A selection of these notable
$13,755,000 Total Volume
properties is shown on page 6 of this report.
@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 25 – 31, 2020
In Contract Properties Listed at $2.25MM And Above
TOWNHOUSES
Resale
Sponsor
2
—
Average Asking Price
$4,075,000
—
Median Asking Price
$4,075,000
—
Average PPSF
$1,229
—
Average Discount
3.13%
—
$8,150,000
—
91
—
Resale
Sponsor
Deals
—
2
Average Asking Price
—
$2,802,500
Median Asking Price
—
$2,802,500
Average PPSF
—
$1,634
Average Discount
—
0.00%
Total Volume
—
$5,605,000
Average Days on Market
—
311
Resale
Sponsor
Deals
—
—
Average Asking Price
—
—
Median Asking Price
—
—
Average PPSF
—
—
Average Discount
—
—
Total Volume
—
—
Average Days on Market
—
—
Deals
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 25 – 31, 2020
NOTABLE PROPERTIES New To Market Properties Listed at $2.25MM and Above
121-123 6 t h Avenue
44 Madison Street
31 Belvidere Street
PARK SLOPE
BED-STUY
BUSHWICK
Townhouse
Townhouse
Townhouse
7bd,3ba – 5,800 sq ft
6bd,6ba – 4,000 sq ft
7bd,3.5ba – 6,050 sq ft
$5,700,000 / $983 psf
$4,700,000 / $1,175 psf
$3,990,000 / $659 psf
I n Contract Properties Listed at $2.25MM and Above
198 Warren Street
1 Clinton Street, #15C
369 Bergen Street
COBBLE HILL
BROOKLYN HEIGHTS
PARK SLOPE
Townhouse
Condominium
Townhouse
6bd,4.5ba – 3,800 sq ft
3bd,2.5ba – 1,981 sq ft
5bd, 4.5ba – 3,040 sq ft
$5,150,000 / $1,355 psf
$3,195,000 / $1,981 psf
$3,000,000 / $986 psf
@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 25 – 31, 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.