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2Q20

BROWNSTONE BROOKLYN MARKET REPORT

Brownstone Brooklyn Market Report 2Q20 Dear Reader, As our local real estate market has been on pause for almost the entire second quarter, it should come as no surprise that the volume of transactions has dropped significantly. However, townhouse pricing has remained stable, while some condominiums are struggling to maintain value. As always, location, uniqueness, and competitive inventory are major contributors to any particular asset’s value.

Townhouses Just over $184MM worth of 1- to 4-family townhouses traded hands in 2Q20, versus $466MM during 2Q19, a decrease of $282MM, or 60.4%. Transaction volume decreased similarly, 60.7%, over the same time frame. However, the average sales price increased nominally by 1.0%, to approximately $2,150,000. A market-wide overview and notable transactions appear on page 12 of this report.

Condominiums Approximately $188MM worth of condominiums sold in 2Q20, versus $569MM during 2Q19, a decrease of $381MM, or 67.0%. The number of transactions dropped by 61.9%, year over year, and the average sales price moved down by 13.1%, which is a significant decrease. A market-wide overview and other notable condominium transactions appear on page 13 of this report.

EVBB Weekly Brooklyn Luxury Market Report We publish our luxury market report on a weekly basis. Our reports are different from what other firms produce as we report not only on “In Contract” deals but “New to Market” listings as well. We also distinguish between sponsor units and resales, as well as making note of Days on Market. Follow us on Instagram @evbrownstonebrooklyn, where we post this weekly report, along with other useful market observations and our exclusive listings. If you have a question about this report or if you need help understanding the value of your specific real estate holdings, please don’t hesitate to contact me directly. My insights and advice are complimentary. Stay Safe & Stay Informed,

Donald P. Brennan, Jr. License Partner | Real Estate Broker Engel & Völkers Brownstone Brooklyn Brennan Realty Services, LLC 45 Main Street, Suite 1022 Brooklyn, NY 11201 Email: donald.brennan@evrealestate.com Cell: (917) 568-6525 Web: brownstonebrooklyn.evrealestate.com My Instagram: @donaldbrennan.trustedadvisor Firm Instagram:@evbrownstonebrooklyn

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Neighborhoods Summary

Brooklyn Heights

Cobble Hill

Carroll 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

2Q 2020 Market Report | 4

BROWNSTONE BROOKLYN Townhouse Summary The townhouse market saw a 60% decrease

1 to 4 Family Townhouses

in the number of closed sales year-over-year at 86, compared with the second quarter last year at 219 sales. However, as the neighborhood-specific metrics indicate, the decrease in transaction volume had minimal effect on prices. On the year, average sales price was level with previous performance and PPSF dropped by 3.60%. The four-

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

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$2,150,176

1.91%

$2,109,949

0.97%

$2,129,539

$751

-5.37%

$793

-3.60%

$779

$1,925,000

4.69%

$1,838,750

10.00%

$1,750,000

168

219

quarter trailing average is $794 PSF and

48.81% TRANSACTION VOLUME DECREASE QUARTER OVER QUARTER

(in Millions)

$2.15MM on a gross basis.

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

Condo Summary The condominium market saw a steep

Condominium Units

decline in transaction volume to 156 this quarter. This is about 36% of the average number of transactions over the previous 16 quarters. Average sales price was down notably on the quarter and on the year. PPSF also dropped significantly on the year, but was, very interestingly, mostly level on the quarter. The four-quarter trailing average is

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

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,210,165

-9.41%

$1,335,822

-13.09%

$1,392,460

$1,126

-1.43%

$1,142

-8.79%

$1,234

$1,025,000

-14.37%

$1,197,000

-13.87%

$1,190,000

156

244

409

$1.21MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

$1,166 PSF and just under $1.3MM gross. $20 $20.0

$2000 $2,000

$16.0 $16

$1,600 $1600

$12.0 $12

$1,200 $1200

$8.0 $8

$800

$4.0 $4

$400

$0.0 $0

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0$0

All materials presented herein are prepared by Brennan Realty Services LLC, and are intended for informational purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice. Property information was gathered through StreetEasyTM, PropertySharkTM, NYC.gov, and other sources deemed reliable. Methodology subject to change.

2Q 2020 Market Report | 5

BROOKLYN HEIGHTS Townhouse Summary There were four townhouse transactions in

1 to 4 Family Townhouses

Brooklyn Heights during the quarter, which matches the same number of transactions in sales price was down significantly at 42.18% and the average PPSF was down a notable 33.02% during the same time frame. The four-quarter trailing average is $1,639 PSF and over $5.2MM gross.

33.02% AVERAGE PPSF DECREASE YEAR OVER YEAR

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

(in Millions)

the second quarter a year ago. The average

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$3,612,500

-66.55%

$10,800,000

-42.18%

$6,247,500

$1,016

-73.39%

$3,816

-33.02%

$1,516

$3,725,000

-65.51%

$10,800,000

-36.32%

$5,850,000

$15.0 $15.0

$4000 $4,000

$12.0 $12.0

$3,200 $3200

$9.0 $9.0

$2,400 $2400

$6.0 $6.0

$1,600 $1600

$3.0 $3.0

$800 $800

$0.0 $0.0

2018 2Q2018 3Q2018 4Q2019 1Q2019 2Q 20181Q2018 2018 2018 2018 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 2020 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0 $0

Condo Summary There were only two condo transactions

Condominium Units

in Brooklyn Heights this quarter. Average sales price drastically increased by 42.36% compared with last quarter; meanwhile, PPSF minimally increased to $1,457 PSF over the period. The four-quarter trailing average is $1,391 PSF and just over $2.0MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

4.75% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$2,732,500

42.36%

$1,919,429

13.70%

$2,403,214

$1,457

4.94%

$1,389

4.75%

$1,391

$2,732,500

21.50%

$2,249,000

27.09%

$2,150,000

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0 $0

2Q 2020 Market Report | 6

COBBLE HILL Townhouse Summary There was only one townhouse transaction

1 to 4 Family Townhouses

in Cobble Hill this second quarter of 2020.

2Q20

The one-family home at 94 Amity Street sold for $6.12MM, which was 45.50% above last quarter’s average sales price but up only by 3.91% on the year. However, on a price per square foot basis, it was up on the year by 15.29% at $1,645 PSF. The fourquarter trailing average is $1,283 PSF and

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

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$6,119,396

45.50%

$4,205,833

3.91%

$5,889,050

$1,645

35.74%

$1,212

15.29%

$1,427

$6,119,396

77.76%

$3,442,500

4.33%

$5,865,500

just over $4.3MM gross.

AVERAGE PPSF INCREASE YEAR OVER YEAR

$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)

15.29%

$9.0.0 $9.0

$0.0 $0.0.0

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

Condo Summary The second quarter in Cobble Hill saw

Condominium Units

only two transactions close. Given the low transaction volume on the quarter, PPSF actually increased slightly on the quarter and average sales price decreased only slightly. The four-quarter trailing average is $1,341 PSF and just under $2.4MM gross.

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

AVERAGE PPSF THIS QUARTER

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,762,500

-2.97%

$1,816,429

-40.23%

$2,948,625

$1,187

1.16%

$1,173

-22.70%

$1,536

$1,762,500

-1.81%

$1,795,000

-41.50%

$3,013,069

$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)

$1,187

2Q20

$0.0 $0.0.0

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0 $0

2Q 2020 Market Report | 7

CARROLL GARDENS Townhouse Summary Carroll Gardens saw only one transaction

1 to 4 Family Townhouses

this quarter. The two-family home at 53 Third Place sold for $2.53MM, which was average sales price. However, on a price per square foot basis, it was not only up 9.09% on the quarter but up 19.39% on the year. The four-quarter trailing average is $1,159 PSF and just under $3.2MM gross.

19.39% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

(in Millions)

10.62% below last year’s second quarter

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$2,530,000

-25.77%

$3,408,333

-10.62%

$2,830,556

$1,296

9.09%

$1,188

19.39%

$1,086

$2,530,000

-15.74%

$3,002,500

-4.53%

$2,650,000

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

Condo Summary Five condo transactions closed in Carroll

Condominium Units

Gardens this quarter, which is half of last quarter’s volume. While average sales PPSF increased by 6.22%. Similarly PPSF increased on the year by nearly 20%. The four-quarter trailing average is $1,229 PSF and under $1.4MM gross.

$1,303 AVERAGE PPSF THIS QUARTER

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

(in Millions)

price decreased minimally on the quarter,

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,349,020

-2.84%

$1,388,500

-7.89%

$1,464,500

$1,303

6.22%

$1,226

19.96%

$1,086

$930,000

-35.86%

$1,450,000

-35.42%

$1,440,000

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0 $0

2Q 2020 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 this quarter. The one-family home at 98 Degraw Street had a purchase price 22.58%

Average Sales Price

above last quarter’s average sales price at

Average Price Per Sq Ft

$3.80MM. From a price per square foot standpoint, $1,185 PSF was up impressively

Median Sales Price

by 18.27% on the quarter and by 21.89%

Number of Sales

on the year. The four-quarter trailing average

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$3,800,000

22.58%

$3,100,000

80.95%

$2,100,000

$1,185

18.27%

$1,002

21.89%

$972

$3,800,000

22.58%

$3,100,000

80.95%

$2,100,000

$3.8MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

is $1,074 PSF and just under $3.4MM gross. $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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

Condo Summary Columbia Street Waterfront District saw

Condominium Units

only one condo transaction this quarter. This transaction was well below previous period’s statistics, but due to its singular nature, it is difficult to discern how telling it may be. The four-quarter trailing average is $1,164 PSF and under $1.4MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$906 AVERAGE PPSF THIS QUARTER

(in Millions)

Number of Sales

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$455,000

-65.11%

$1,304,000

-54.73%

$1,005,025

$906

-19.37%

$1,124

-13.29%

$1,045

$455,000

-64.31%

$1,275,000

-51.08%

$930,050

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

2Q 2020 Market Report | 9

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

1 to 4 Family Townhouses

transactions during the quarter. Average sales price decreased by 30.84% during Similarly, PPSF declined to $913 PSF this quarter, which was 26.47% down on the year. The four-quarter trailing average is $1,331 PSF and just under $3.5MM gross.

$1,331 AVERAGE PPSF OVER TRAILING FOUR QUARTERS

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

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$2,250,000

-30.84%

$3,253,333

-33.33%

$3,375,000

$913

-47.04%

$1,724

-26.47%

$1,242

$2,250,000

-30.77%

$3,250,000

-35.25%

$3,475,000

$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)

the quarter and by 33.33% on the year.

2Q20

$0.0 $0.0

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

Condo Summary In contrast to many of our markets, the

Condominium Units

volume of Boerum Hill condo sales increased this quarter. Although average sales price is over-year. PPSF dropped slightly on the year, but, interestingly, the rolling average is up from last quarter, indicating strength. The four-quarter trailing average is $1,292 PSF and just under $1.7MM gross.

$1,174 AVERAGE PPSF THIS QUARTER

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

(in Millions)

down from last quarter, it is up notably year-

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,506,875

-46.97%

$2,841,750

8.61%

$1,387,364

$1,174

-23.65%

$1,537

-1.14%

$1,187

$1,498,750

-36.22%

$2,350,000

30.33%

$1,150,000

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

2Q 2020 Market Report | 10

GOWANUS Townhouse Summary Gowanus saw only one townhouse

1 to 4 Family Townhouses

transaction this quarter compared with last quarter’s five. Average sales price was down returning to levels it was trading at last year. Average PPSF increased moderately on both periods. The four-quarter trailing average is $1,068 PSF and just under $2.2MM gross.

8.37% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

(in Millions)

22.77% on the quarter but appears to be

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,750,000

-22.77%

$2,266,000

2.40%

$1,709,000

$1,111

7.14%

$1,037

8.37%

$1,025

$1,750,000

-8.85%

$1,920,000

-12.50%

$2,000,000

$5.0

$2,500

$4.0

$2,000

$3.0

$1,500

$2.0

$1,000

$1.0

$500

$0.0

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

Condo Summary Gowanus saw an impressive increase in

Condominium Units

condo transactions this quarter to 15. All but one transaction came from a single building in South Gowanus, so data may not be wholly indicative of trends. There was a sharp decline in average sales price on both periods. PPSF also decreased on the quarter and more significantly on the year. The fourquarter trailing average is $1,109 PSF and

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

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$792,258

-38.17%

$1,281,250

-36.78%

$1,253,167

$1,046

-5.97%

$1,113

-19.86%

$1,305

$725,000

-40.45%

$1,217,500

-38.92%

$1,187,000

5.97% AVERAGE PPSF DECREASE QUARTER OVER QUARTER

(in Millions)

just under $974K gross. $5.0

$2000 $2,000

$4.0

$1,600 $1600

$3.0

$1,200 $1200

$2.0

$800

$1.0

$400

$0.0

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

2Q 2020 Market Report | 11

FORT GREENE Townhouse Summary There were another three townhouse

1 to 4 Family Townhouses

transactions this quarter in Fort Greene. Both the average and median sales prices 50.81% and 53.26%, respectively. The four-quarter trailing average gross sale price was also up by 5.93% to $2.83MM. The four-quarter trailing average on a dollar per square foot basis was $942.

50.81% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

increased significantly year-over-year,

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$3,250,000

24.05%

$2,620,000

50.81%

$2,154,996

$969

-19.48%

$1,203

7.61%

$900

$3,525,000

46.88%

$2,400,000

53.26%

$2,300,000

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

Condo Summary Fort Greene saw only three condo

Condominium Units

transactions this quarter, which is a decline from last quarter, but there is a precedent On the quarter, average sales price rose impressively. PPSF increased as well, but not as markedly. The four-quarter trailing average is $1,114 PSF and under $1.2MM gross.

3.49% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

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

(in Millions)

for low volume in the last several quarters.

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,783,333

62.27%

$1,098,988

37.61%

$1,295,922

$1,165

3.49%

$1,126

-0.64%

$1,173

$1,600,000

49.46%

$1,070,540

26.73%

$1,262,500

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

1Q 2020 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

Cobble Hill

$1,645

$6,119,396

3,720

987

$6,119,396

Columbia Water District

$1,185

$3,800,000

3,206

204

$3,800,000

Brooklyn Heights

$1,016

$3,612,500

3,614

509

$14,450,000

Park Slope

$1,044

$3,401,806

3,263

5,588

$30,616,250

10%

Fort Greene

$969

$3,250,000

3,326

1,260

$9,750,000

Prospect Heights

$1,029

$2,540,000

2,620

925

$12,700,000

Carroll Gardens

$1,296

$2,530,000

1,952

1,461

$2,530,000

Clinton Hill

$786

$2,342,500

3,121

1,376

$14,055,000

Greenpoint

$770

$2,339,000

3,084

2,199

$11,695,000

Boerum Hill

$913

$2,250,000

2,454

810

$4,500,000

$1,111

$1,750,000

1,575

984

$1,750,000

Bedford-Stuyvesant West

$584

$1,636,778

2,840

4,397

$29,462,000

21%

Williamsburg

$611

$1,580,000

2,500

3,099

$4,740,000

Bedford-Stuyvesant East

$559

$1,435,091

2,678

6,863

$38,747,454

31%

Downtown Brooklyn

DUMBO

$751

$2,150,176

2,876

30,741

$184,915,100

100%

Market*

Gowanus

ALL

* Ranked by â€œAverage Sales Priceâ€?

Top 5 Townhouse Sales By Sales Price

Top 5 Townhouse Sales By Price Per Square Foot

Address

Neighborhood

Sales Price

Square Feet

$PSF

106 Prospect Pl

Park Slope

$6,190,000

5,000

$1,238

94 Amity St

Cobble Hill

$6,119,396

3,720

35 Sidney Pl

Brooklyn Heights

$5,500,000

14 Willow Pl

Brooklyn Heights

505 1st St

Park Slope

Rank

Address

Neighborhood

Sales Price

Square Feet

$PSF

94 Amity St

Cobble Hill

$6,119,396

3,720

$1,645

38 Hicks St

Brooklyn Heights

$2,950,000

2,160

$1,366

5,978

$920

53 3rd Pl

Carroll Gardens

$2,530,000

1,952

$1,296

$4,500,000

4,136

$1,088

607 President St

Park Slope

$2,362,500

1,896

$1,246

$4,441,250

3,896

$1,140

106 Prospect Pl

Park Slope

$6,190,000

5,000

$1,238

Rank

1Q 2020 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

$724

$562,500

919

450

$1,125,000

Williamsburg

$1,162

$1,204,460

1,047

9,805

$55,405,178

29%

Greenpoint

$1,306

$1,236,631

936

1,313

$7,419,783

Downtown Brooklyn

$1,184

$1,375,455

1,168

1,742

$15,130,000

$851

$824,658

1,006

2,675

$14,843,843

12%

Brooklyn Heights

$1,457

$2,732,500

1,946

950

$5,465,000

Dumbo

$1,226

$1,439,000

1,136

1,266

$7,195,000

Carroll Gardens

$1,303

$1,349,020

988

733

$6,745,100

Prospect Heights

$1,182

$1,363,187

1,140

1,544

$13,631,870

Park Slope

$1,196

$1,300,076

1,066

3,017

$19,501,143

10%

Gowanus

$1,046

$792,258

751

610

$11,883,873

10%

Boerum Hill

$1,174

$1,506,875

1,315

907

$12,055,000

Fort Greene

$1,165

$1,783,333

1,527

879

$5,350,000

Cobble Hill

$1,187

$1,762,500

1,479

669

$3,525,000

Clinton Hill

$1,058

$1,293,570

1,297

1,064

$9,054,988

$906

$455,000

502

746

$455,000

$1,126

$1,210,165

1,073

28,370

$188,785,778

156

100%

Market* Bedford-Stuyvesant East

Bedford-Stuyvesant West

Columbia Water District ALL

* Ranked by â€œAverage Price Per Sq Ftâ€?

Top 5 Condominium Sales By Sales Price Rank 1

Address

Neighborhood

Sales Price

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

360 Furman St #208 Brooklyn Heights $3,570,000 2,703 $1,321

31 Schermerhorn St #2

Downtown Brooklyn

$3,550,000 2,835 $1,252

2 Northside Piers #PH3

Williamsburg

$3,229,000 1,965 $1,643

Rank 1

229 Sackett St #4

21 India St #32C

Neighborhood

Sales Price

Square $PSF Feet

Carroll Gardens $2,223,000 1,292 $1,721 Greenpoint

$1,245,000

735

$1,694

2 Northside Piers #PH3 Williamsburg

$3,229,000 1,965 $1,643

2 Northside Piers #21M Williamsburg

$1,925,000 1,179 $1,633

1 Grand Army Plz #7J Prospect Heights $2,900,000 2,000 $1,450 5

Address

100 Jay St #26a

DUMBO

350 DeGraw St #3

Carroll Gardens $1,975,100 1,225 $1,612

$2,450,000 1,711 $1,432

2Q 2020 Market Report | 14

CLINTON HILL Townhouse Summary Clinton Hill saw six transactions this quarter.

1 to 4 Family Townhouses

While average sales price and PPSF were down an average of 12.88% on the quarter, both were up on the year. PPSF notably

Average Sales Price

decreased to $786 PSF compared with last

Average Price Per Sq Ft

quarter’s $930 PSF. The four-quarter trailing

Median Sales Price

gross.

Number of Sales

8.67% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

average is $886 PSF and just over $2.4MM

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$2,342,500

-10.35%

$2,612,857

23.78%

$1,892,500

$786

-15.41%

$930

8.67%

$724

$2,317,500

-10.87%

$2,600,000

26.64%

$1,830,000

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

Condo Summary There were seven condo transactions this

Condominium Units

quarter in Clinton Hill. Average sales price increased by double digits both on the mostly level with the previous quarter, but saw growth on the year. The four-quarter trailing average is $1,048 PSF and just under $1.2MM gross.

3.62% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

(in Millions)

quarter and on the year. PPSF remained

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,293,570

30.63%

$990,222

17.72%

$1,098,825

$1,058

1.70%

$1,040

3.62%

$1,021

$1,295,000

52.53%

$849,000

30.15%

$995,000

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

2Q 2020 Market Report | 15

PROSPECT HEIGHTS Townhouse Summary There were five townhouse transactions this

1 to 4 Family Townhouses

quarter in Prospect Heights. Average sales price increased moderately quarter-overyear-over-year. Meanwhile, PPSF increased steadily by an average of 20.34% over both periods. The four-quarter trailing average is $955 PSF and just under $2.4MM gross.

13.44% AVERAGE SALES PRICE INCREASE QUARTER OVER QUARTER

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

(in Millions)

quarter but decreased by a similar degree

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$2,540,000

13.44%

$2,239,167

-15.61%

$3,010,000

$1,029

21.58%

$846

19.09%

$864

$2,200,000

-8.90%

$2,415,000

-26.91%

$3,010,000

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

Condo Summary Prospect Heights saw an increase in condo

Condominium Units

transactions to ten this quarter. Average sales price was down notably quarter-overquarter and, to a lesser extent, year-overyear. PPSF was also down on both periods. The four-quarter trailing average is $1,254 PSF and just under $1.5MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$1.36MM

AVERAGE SALES PRICE THIS QUARTER

(in Millions)

Number of Sales

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,363,187

-30.75%

$1,968,389

-20.63%

$1,717,559

$1,182

-13.08%

$1,360

-9.98%

$1,313

$1,296,500

-25.56%

$1,741,626

-25.89%

$1,749,410

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

2Q 2020 Market Report | 16

PARK SLOPE Townhouse Summary Park Slope experienced a 65.38% decline

1 to 4 Family Townhouses

in townhouse transactions, year-over-year, to 9 this quarter. However, of these deals, on the quarter and moderately on the year. PPSF was level with last quarter at $1,044. The four-quarter trailing average is $1,027 PSF and just under $3.0MM gross.

20.38% AVERAGE SALES PRICE INCREASE QUARTER OVER QUARTER

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

(in Millions)

average sales price increased by 20.38%

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$3,401,806

20.38%

$2,825,920

5.86%

$3,213,446

$1,044

0.74%

$1,036

-8.25%

$1,138

$3,120,000

7.68%

$2,897,500

-1.92%

$3,181,050

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0 $0

Condo Summary Park Slope saw only 15 condo transactions

Condominium Units

this quarter. Similar to other neighborhoods, this is the lowest transaction volume since decreased moderately on both periods, PPSF was level on the quarter and up nominally on the year. The four-quarter trailing average is $1,196 PSF and under $1.4MM gross.

$1,196 AVERAGE PPSF OVER TRAILING FOUR QUARTERS

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

(in Millions)

our report began. While average sales price

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,300,076

-8.84%

$1,426,133

-12.53%

$1,486,305

$1,196

0.21%

$1,194

1.49%

$1,179

$1,068,144

-24.11%

$1,407,500

-18.62%

$1,312,500

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

2Q 2020 Market Report | 17

BEDFORD-STUYVESANT (West) Townhouse Summary The second quarter saw 18 townhouse

1 to 4 Family Townhouses

transactions in Bedford-Stuyvesant West. While transaction volume declined 67.27% sales price was up 4.24% and the average PPSF was down only 2.60% during the same period. The four-quarter trailing average is $578 PSF and just under $1.6MM gross.

4.24% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

from the prior year second quarter, average

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,636,778

-1.94%

$1,669,223

4.24%

$1,570,193

$584

-1.45%

$593

5.34%

$554

$1,675,000

4.69%

$1,600,000

20.94%

$1,385,000

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

Condo Summary Bedford-Stuyvesant West saw 18 condo

Condominium Units

transactions this quarter. While this is the lowest sales volume on record, the average Similarly, PPSF increased by 12.99% on the quarter, and 15.24% on the year. The fourquarter trailing average is $790 PSF and just under $800K gross.

10.28% 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 on for both periods.

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$824,658

4.19%

$791,476

10.28%

$747,801

$851

12.99%

$754

15.24%

$739

$875,000

22.58%

$713,794

25.45%

$697,502

$3.75

$2000 $2,000

$3.00

$1,600 $1600

$2.25

$1,200 $1200

$1.50

$800

$0.75

$400

$0.0

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

2Q 2020 Market Report | 18

BEDFORD-STUYVESANT (East) Townhouse Summary Bedford-Stuyvesant East had 27 townhouse

1 to 4 Family Townhouses

transactions this second quarter. While the decrease in transaction volume persists PPSF have been steadily increasing. Quarterover-quarter, the two metrics increased by an average of 19.69%. The four-quarter trailing average is $503 PSF and under $1.3MM gross.

20.81% AVERAGE SALES PRICE INCREASE QUARTER OVER QUARTER

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

(in Millions)

another quarter, average sales price and

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,435,091

20.81%

$1,187,890

4.87%

$1,368,425

$559

18.56%

$471

4.40%

$535

$1,425,000

23.91%

$1,150,000

9.62%

$1,300,000

$3.75

$1500 $1,500

$3.0 $3.00

$1,200 $1200

$2.25

$900 $900

$1.50

$600 $600

$0.75

$300 $300

$0.0 $0.00

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

$0 $0

Condo Summary Bedford-Stuyvesant East had only two

Condominium Units

condo transactions this quarter, which is an 80% decrease in volume from last quarter. the quarter and on the year, PPSF saw a significant increase on the quarter. The fourquarter trailing average is $637 PSF and just under $600K gross.

23.53% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

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

(in Millions)

Although average sales price was down on

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$562,500

-2.50%

$576,911

-22.53%

$726,084

$724

23.53%

$586

-12.39%

$826

$562,500

4.26%

$539,500

-26.95%

$770,000

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

2Q 2020 Market Report | 19

DOWNTOWN BROOKLYN Townhouse Summary There were no townhouse transactions in

1 to 4 Family Townhouses

Downtown Brooklyn this quarter. The four-

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

Average Sales Price

Average Price Per Sq Ft

Median Sales Price

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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

Condo Summary Condominium transactions in Downtown

Condominium Units

Brooklyn decreased to 11 this quarter. Interestingly, average sales price was up while PPSF was down slightly on the quarter but level on the year. The four-quarter trailing average is $1,189 PSF and over $1.2MM gross.

11.97% AVERAGE SALES PRICE INCREASE QUARTER OVER QUARTER

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

(in Millions)

materially on the quarter and on the year,

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,375,455

11.97%

$1,228,413

19.48%

$1,151,173

$1,184

-4.38%

$1,238

0.20%

$1,182

$1,150,000

0.00%

$1,150,000

15.00%

$999,999

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

2Q 2020 Market Report | 20

GREENPOINT Townhouse Summary Greenpoint saw another drop in transaction

1 to 4 Family Townhouses

volume now to five during the quarter. Of the closed sales, average sales price increased impressively by 38.61% on the quarter and

Average Sales Price

by 40.55% on the year. Average PPSF was

Average Price Per Sq Ft

up slightly on both periods at $770 PSF. The

Median Sales Price

just under $2.0MM gross.

Number of Sales

9.71% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

four-quarter trailing average is $829 PSF and

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$2,339,000

38.61%

$1,687,500

40.55%

$1,664,150

$770

8.63%

$709

9.71%

$702

$2,425,000

32.69%

$1,827,500

42.65%

$1,700,000

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

Condo Summary The second quarter in Greenpoint saw only

Condominium Units

six condo transactions, a sharp drop off from last quarter’s volume, and notable low sales price increased moderately on the quarter, but was down significantly on the year. A similar trend was reflected in PPSF levels. The four-quarter trailing average is $1,337 PSF and under $1.4MM gross.

7.73% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

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

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,236,631

9.08%

$1,133,664

-16.29%

$1,477,272

$1,306

7.73%

$1,212

-11.37%

$1,473

$1,055,000

-10.97%

$1,185,000

-31.61%

$1,542,649

$5$5.0

$2000 $2,000

$4$4.0

$1,600 $1600

$3.0 $3

$1,200 $1200

(in Millions)

for the neighborhood, historically. Average

2Q20

$2$2.0

$800

$1$1.0

$400

$0.0 $0

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

2Q 2020 Market Report | 21

WILLIAMSBURG Townhouse Summary The second quarter saw only three

1 to 4 Family Townhouses

townhouse transactions. On both measured periods, average sales price and average year. Compared with last quarter’s steady performance, the second quarter saw decreases on all other tracked measures as well. The four-quarter trailing average is $840 PSF and over $1.9MM gross.

28.77% AVERAGE PPSF DECREASE YEAR OVER YEAR

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

(in Millions)

PPSF decreased on the quarter and on the

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,580,000

-23.79%

$2,073,309

-22.23%

$2,031,541

$611

-30.80%

$883

-28.77%

$857

$1,455,000

-21.35%

$1,850,000

-21.14%

$1,845,100

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

Condo Summary Williamsburg saw 46 condo transactions

Condominium Units

this quarter, which was about a 30% drop off from last quarter and very low for the sales price both decreased notably on the quarter and the year. The four-quarter trailing average is $1,221 PSF and over $1.2MM gross.

$1,162 AVERAGE PPSF THIS QUARTER

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

(in Millions)

neighborhood historically. PPSF and average

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,204,460

-8.87%

$1,321,705

-11.57%

$1,362,059

$1,162

-2.38%

$1,190

-8.32%

$1,267

$1,112,500

-3.05%

$1,147,500

-3.26%

$1,150,000

135

$7.5 $6.0

$2000 $2,000

$6.0

$1,600 $1600

$4.5

$1,200 $1200

$3.0

$800

$1.5

$400

$0.0

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

PPSF PRICE

2Q 2020 Market Report | 22

DUMBO Condo Summary There were five condo transactions this

Condominium Units

quarter in DUMBO, the lowest transaction volume since we began our report. Average sales price decreased significantly on the quarter and on the year. PPSF decreased on

Average Sales Price

the quarter, but by a much lesser extent on

Average Price Per Sq Ft

the year. The four-quarter trailing average is

Median Sales Price

$1,338 PSF and just over $1.9MM gross.

$1.44MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

Number of Sales

2Q20

%∆ (Qtr)

1Q20

%∆ (Yr)

2Q19

$1,439,000

-37.28%

$2,294,500

-18.92%

$1,774,695

$1,226

-11.11%

$1,380

-3.90%

$1,276

$1,400,000

-36.87%

$2,217,500

-6.67%

$1,500,000

$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

2018 1Q2019 20181Q2018 20182Q2018 20183Q2018 20184Q2019 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

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 members Kyle Gregory and Peyton Yen. Donald P. Brennan, Jr. License Partner | Real Estate Broker Engel & Völkers Brownstone Brooklyn Brennan Realty Services, LLC 45 Main Street, Suite 1022 Brooklyn, NY 11201 Email: donald.brennan@evrealestate.com Cell: (917) 568-6525 Web: brownstonebrooklyn.evrealestate.com All materials presented herein are prepared by Brennan Realty Services LLC, and are intended for informational purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice. Property information was gathered through StreetEasyTM, PropertySharkTM, NYC.gov, and other sources deemed reliable. Methodology subject to change.

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

AM-166828 AM-156387

Available Exclusive Listing

Immaculate Italianate Brownstone 32 1st Place · Brooklyn · NY · 11231

Bedrooms · Dormitorio · Schlafzimmer Alcove Studio | Co-op

85 Livingston St #5O · Downtown Brooklyn · NY · 11201 Bathrooms · Baño · Badezimmer

Sq Ft Size · Superficie Construida · Wohnfläche Price · Preccio · Preis Price · Preccio · Prix Brownstonebrooklyn.evrealestate.com

6+ 4.5 6,075 $8,000,000 $495,000 $1,087

Maintenance · Alimenti · Pension Alimentaire Donald Brennan • C 927-568-6525 • donald.brennan@evrealestate.com www.brownstonebrooklyn.evrealestate.com Katriona 'Debi' Campbell-Kearney • C 917-680-3670 • katriona.kearney@evrealestate.com Deborah Pine C 804-512-1021 Peyton Yen • C 917-225-8374 • peyton.yen@evrealesate.com debi.pine@evrealestate.com © 2020 Engel

ID AM-148134

ID AM-148134 AM-156387

Available ExclusiveListing Listing Available Exclusive

Timeless onTownhouse Historic Block Bespoke Elegance Park Slope

369 Bergen StreetAvenue, · Brooklyn · 11201 16 South Portland Fort· NY Green · Brooklyn · NY · 11217

5+ Bedrooms 5 Bedrooms ·• Dormitorio Dormitorio·•Schlafzimmer Schlafzimmer 4.5 Timeless Elegance on Historic Block Bathrooms 3.5 ·• Badezimmer Bathrooms •· Baño Baño Badezimmer 16 South Portland Avenue, Fort Greene · Brooklyn · NY · 11217 3,040 Timeless Historic Block Sq Superficie Construida 3760 SF Sq Ft Ft Size Size •· Elegance Superficie Construida·on •Wohnfläche Wohnflӓche $3,200,000 16 South Portland Avenue, Fort Greene · Brooklyn · NY · 11217 Price $4,250,000 Price •· Preccio Preccio ·• Preis Preis 5 Bedrooms • Dormitorio • Schlafzimmer Brownstonebrooklyn.evrealestate.com www.brownstonebrooklyn.evrealestate.com 3.5 • Baño • Badezimmer Bathrooms 5 Bedrooms • Brennan Dormitorio • Schlafzimmer Donald • C 927-568-6525 • donald.brennan@evrealestate.com 3760 SF Living Area • Superficie Construida • Wohnflӓche Betsy Hoffman • C 917-622-3879 • betsy.hoffman@evrealestate.com 3.5 • Baño • Badezimmer Bathrooms Katriona Campbell-Kearney • C 917-680-3670 • katriona.kearney@evrealestate.com $4,800,000 Price Preccio •• Preis Shyda• Hoque C 718-570-6182 • shyda.hoque@evrealestate.com 3760 SF Livingwww.evrealestate.com Area • Superficie Construida • Wohnflӓche Samantha Slatwinski • C 718-541-1597 • samantha.slatwinski@evrealestate.com $4,800,000 Price • Engel Preccio & Völkers.•AllPreis rights reserved. Engel & Völkers and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. © 2020

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. www.evrealestate.com

Engel & & Völkers. reserved. Each brokerage independently owned and operated. All information is deemed reliableand but fully is notsupport guaranteed should be verified. your property currently represented byowned a real © ©2018 2019 Engel Völkers.All Allrights rights reserved. Engel & Völkers and its independent franchisees are Equal provided Opportunity Employers theand principles ofindependently the Fair Housing Act.If Each propertyisshop is independently estate broker, thisAll is not an attemptprovided to solicit is your listing.reliable Engel &but Völkers its independent LicensebePartners are Equalverified. Opportunity Employers andisfully supportrepresented the principles Housing Act.this is not an attempt to solicit your listing. and operated. information deemed is notand guaranteed and should independently If your property currently byofathe realFair estate broker,

© 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-149731

ID AM-149731 AM-156387

Available ExclusiveListing Listing Available Exclusive

Exquisite Brooklyn Penthouse Bespoke Park SlopeHeights Townhouse 369 BergenStreet, Street PH · Brooklyn · NY · 11201 24 Remsen · Brooklyn · NY · 11201

5+ Bedrooms Dormitorio ·• Schlafzimmer 4 Bedrooms •· Dormitorio Schlafzimmer 4.5 Bathrooms Baño •· Badezimmer Badezimmer 3.5 Bathrooms •· Baño Exquisite Brooklyn Heights Penthouse 3,040 Exquisite Brooklyn Heights Penthouse Living Area Construdia 2,414 SF / 224 SM · Superficie · Wohnzimmer 24 Street, PH · Brooklyn Heights · NY · 11201 Sq Remsen Ft Size • Superficie Construida • Wohnflӓche $3,200,000 24 Remsen Price Street, PH · Brooklyn Heights · NY · 11201 Preccio •· Preis Preis $4,050,000 Price •·Preccio Bedrooms · Dormitorio · Schlafzimmer 4 Brownstonebrooklyn.evrealestate.com www.brownstonebrooklyn.evrealestate.com Bedrooms · Dormitorio ··Schlafzimmer Bathrooms Baño · Badezimmer 4 3.5 Brennan • C 927-568-6525 • donald.brennan@evrealestate.com 2,414 SF / 224 SM Bathrooms ·Donald Baño ·Area Badezimmer Living · Superficie Construdia · Wohnzimmer 3.5 Betsy ·Hoffman • C 917-622-3879 • betsy.hoffman@evrealestate.com Katriona Campbell-Kearney • C 917-680-3670 • katriona.kearney@evrealestate.com Price Preccio · Preis Living AreaShyda · Superficie Construdia · Wohnzimmer 224 SM Hoque • C 718-570-6182 • shyda.hoque@evrealestate.com 2,414 SF$/ 4,450,000 www.brownstonebrooklyn.evrealestate.com Price · Preccio · Preis Slatwinski • C 718-541-1597 • samantha.slatwinski@evrealestate.com Samantha

$ 4,450,000

& 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 toindependent solicit listing. AllAll rights reserved. Each brokerage independently andyour operated. All information is deemed reliable but not guaranteed and should beof independently verified. If your is currently represented by aowned real ©©2018 2019Engel Engel&&Völkers. Völkers. rights reserved. Engel & Völkers and itsowned franchisees are Equalprovided Opportunity Employers andisfully support the principles the Fair Housing Act. Eachproperty property shop is independently estate this All is not an attempt to solicit your listing. Engel & Völkers andguaranteed its independent are Equal Opportunity and fully support the principles by of the Fairestate Housing Act. this is not an attempt to solicit your listing. andbroker, operated. information provided is deemed reliable but is not and License should Partners be independently verified. If Employers your property is currently represented a real broker,

AM-156387 ID AM-155077 AM-156387

Available Exclusive Available Exclusive Listing Listing In Contract

Bespoke Park Slope Townhouse Bespoke Park Bespoke Park Slope Slope Townhouse Townhouse 369 Bergen Street · Brooklyn · NY · 11201 369Bergen BergenStreet Street· Brooklyn · Brooklyn· NY · NY· 11201 · 11201 369

Bedrooms Dormitorio Schlafzimmer Bedrooms ·••Schlafzimmer Bedrooms ·•• Dormitorio Dormitorio Schlafzimmer Trendy Prospect Heights Bathrooms • Baño • Badezimmer Bathrooms Baño Badezimmer 675 Vanderbilt Ave 1C · Brooklyn · NY· 11238 · · Bathrooms • Baño • Badezimmer Sq Ft Superficie Construida Wohnflӓche Sq Sq Ft Ft Size Size ••· Superficie SuperficieConstruida Construida· ••Wohnfläche Wohnflӓche Bedrooms Price • Preccio • Preis Price Preccio Preis · · Price • Preccio • Preis Bathrooms Brownstonebrooklyn.evrealestate.com www.brownstonebrooklyn.evrealestate.com www.brownstonebrooklyn.evrealestate.com

5+ 5+ 5+ 4.5 4.5 4.5 3,040 3,040 3,040 $3,200,000 $3,200,000 1 $3,000,000 1 NA $535,000

Sq Ft Size Betsy Hoffman • C 917-622-3879 • betsy.hoffman@evrealestate.com Price Betsy •• C •• betsy.hoffman@evrealestate.com Betsy Hoffman Hoffman C 917-622-3879 917-622-3879 betsy.hoffman@evrealestate.com Shyda Hoque • •CC 718-570-6182 • shyda.hoque@evrealestate.com Shyda Hoque 718-570-6182 • shyda.hoque@evrealestate.com Shyda Hoque • C 718-570-6182 • shyda.hoque@evrealestate.com Dawn Silverstein Real••Estate Salesperson Samantha Slatwinski CC718-541-1597 • samantha.slatwinski@evrealestate.com Samantha Slatwinski 718-541-1597 •• samantha.slatwinski@evrealestate.com Samantha Slatwinski • C 718-541-1597 samantha.slatwinski@evrealestate.com Email: Dawn.Silverstein@EVrealestate.com © 2020 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. 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 represented by a real estate broker, thislisting. is not anindependently attempt solicit listing. ©2018 Engel this & Völkers. rights to reserved. Each brokerage owned andyour operated. All information is deemed reliable but is notfully guaranteed should be of independently verified. estate broker, is not anAll attempt solicit your Engel & Völkers to 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 ©2018 Engel & rights to reserved. Eachlisting. brokerage independently owned and operated. All information is deemed reliable but is notfully guaranteed should be of independently verified. estate broker, thisVölkers. 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.

172254 AM-156387

Available ExclusiveListing Listing Available Exclusive 172254

Build Your Dream Home in Heights Build Your Dream Home inBrooklyn Brooklyn Heights Bespoke Park Slope Townhouse 33 Joralemon Street · Brooklyn, NY 11201 369 Bergen Street 33 Joralemon Street· Brooklyn · Brooklyn· NY · NY· 11201 · 11201

· Schlafzimmer · Dormitorios Bedrooms Bedrooms Dormitorio ·• Schlafzimmer Bedrooms •· Dormitorio Schlafzimmer Bathrooms · Badezimmer · Baños Bathrooms Baño Badezimmer Bathrooms •· Baño •· Badezimmer Lot Size del Lote · Losgröße Sq Ft Size· Tamaño • Superficie Construida • Wohnflӓche Build Your Dream Home in Price Preccio Preis Price · Preis · Precio · Preis · Precio · · Price • Preccio • Preis 33 Joralemon Street · Brooklyn, NY 11201 Brownstonebrooklyn.evrealestate.com www.brownstonebrooklyn.evrealestate.com

Brooklyn

5+ 5 5 4.54.5 4.5 20'3,040 x 85' 20' × 85' $3,200,000 Heights $2,795,000 $2,795,000

brownstonebrooklyn.evrealestate.com

Donald Brennan • C 927-568-6525 • donald.brennan@evrealestate.com · Schlafzimmer · Dormitorios Bedrooms Betsy Hoffman • C 917-622-3879 • betsy.hoffman@evrealestate.com Katriona Campbell-Kearney • C 917-680-3670 • katriona.kearney@evrealestate.com Bathrooms · Badezimmer · Baños • shyda.hoque@evrealestate.com Shyda Hoque • C 718-570-6182 Peyton Yen • C 917-225-8374 • peyton.yen@evrealesate.com Samantha Slatwinski • C 718-541-1597 • samantha.slatwinski@evrealestate.com ©2020 Engel & Völkers. All rights reserved. Each brokerage 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. Engel & Völkers and its independent franchisees are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.

Price · Preis · Precio · Preis · Precio

5 4.5 20' x 85' $2,795,000

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.

brownstonebrooklyn.evrealestate.com ©2020 Engel & Völkers. All rights reserved. Each brokerage 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

ID AM-155077 AM-156387

Available ExclusiveListing Listing Available Exclusive

Gorgeous Renovated Cobble Hill Apartment Bespoke Park Slope Townhouse 369Amity Bergen Street · Brooklyn · NY · ·11201 175 Street Apt B3 · Brooklyn NY · 11201

Bedrooms ·•Schlafzimmer Bedrooms ·• Dormitorio Dormitorio Schlafzimmer Trendy Prospect Heights Bathrooms Baño Badezimmer 675 Vanderbilt Ave 1C · Brooklyn · NY· 11238 · · Bathrooms • Baño • Badezimmer Price Preccio · Preis Construida • Wohnflӓche Sq Ft·Size • Superficie Bedrooms Brownstonebrooklyn.evrealestate.com Price • Preccio • Preis

5+ 1 4.5 1 3,040 $735,000 $3,200,000 1 1 NA $535,000

Bathrooms www.brownstonebrooklyn.evrealestate.com Sq Ft Size Kyle Gregory • C 646-339-7732 • kyle.gregory@evrealestate.com Price Betsy Hoffman • C• C 917-622-3879 Gregory Rositano 516-668-2828• •betsy.hoffman@evrealestate.com gregory.rositano@evrealestate.com Shyda Hoque • C 718-570-6182 • shyda.hoque@evrealestate.com Dawn Silverstein Real Estate Salesperson Samantha Slatwinski • C 718-541-1597 • samantha.slatwinski@evrealestate.com Email: Dawn.Silverstein@EVrealestate.com © 2020 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. 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

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 Engel & rights to reserved. Eachlisting. brokerage independently owned and operated. All information is deemed reliable but is notfully guaranteed should be of independently verified. estate broker, thisVölkers. 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.

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

Fort Shop Locations

Hamilton DUMBO – 45 Main Street, Suite 1022

Cobble Hill – 221A Court Street

Prospect Heights – 663 Vanderbilt Avenue

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

Email: BrownstoneBrooklyn@EVRealEstate.com Web: BrownstoneBrooklyn.EVRealEstate.com @EVBrownstoneBrooklyn

Cover Photo by Julienne Schaer | IG: @julienneschaer

Engel & Völkers Brownstone Brooklyn 2Q20 Market Report