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1Q21

BROWNSTONE BROOKLYN MARKET REPORT

Brownstone Brooklyn Market Report 1Q21 Dear Reader, What a difference a year makes!!! Twelve months ago the pundits of forecasting the unknown were broadcasting a message that I’ve heard before —“Urban living is no more!” Or something to that effect. Our approach to answering the question of what lies ahead is always a bit more nuanced — we observe, measure and then report. What is now apparent is that the demand for the Brownstone Brooklyn version of urban living is alive and well, and in most cases, stronger than it was in late 2019, pre-pandemic.

Townhouses Just under $426MM worth of 1- to 4-family townhouses traded hands in 1Q21, versus $355MM during 1Q20, an increase of $71MM, or 20%. Over the same time frame, transaction volume increased by 10.7%, and increased substantially over 4Q20 by 38.8%. The average sales price moved up by 8.4% to $2.29MM, year-over-year. A market-wide overview and notable transactions appear on page 12 of this report.

Condominiums Approximately $578MM worth of condominiums sold in 1Q21, versus $320MM during 1Q20, a significant increase of $258MM, or 80.5%. The number of transactions rose similarly, by 94.1%, year-over-year, and they were up by 35.3% over 4Q20. The average sales price decreased slightly, by 7.0%. A market-wide overview and other notable condominium transactions appear on page 13 of this report.

EVBB Weekly Brooklyn Luxury Market Report In addition to this quarterly closed sales report, we track New to Market listings and In Contract deals on a weekly basis. Follow us on Instagram @evbrownstonebrooklyn, where we post this weekly report, along with other useful market observations and our exclusive listings. We also discuss these proprietary reports on our How’s The Market? video series, which is hosted on our Engel & Völkers Brownstone Brooklyn YouTube channel. If you have a question about this report or if you need help understanding the value of your specific real estate holding, please don’t hesitate to contact me directly. My insights and advice are always complimentary. Stay Safe & Stay Informed,

Donald P. Brennan, Jr. License Partner | Real Estate Broker Engel & Völkers Brownstone Brooklyn Brennan Realty Services, LLC 45 Main Street, Suite 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

1Q 2021 Market Report | 4

BROWNSTONE BROOKLYN Townhouse Summary The townhouse market saw 186 closed sales

1 to 4 Family Townhouses

this period, which is a strong 38.81% increase over volume from the previous quarter and 10.71% increase over deal volumes this time in 2020. With that said, while average sales price was down moderately on the quarter, it was up by a comparable level on the year. In addition, average PPSF was $822 this quarter, which is 3.62% above last year. The

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

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$2,287,372

-10.28%

$2,549,543

8.41%

$2,109,949

$822

-7.07%

$885

3.62%

$793

$2,052,500

-5.63%

$2,175,000

11.62%

$1,838,750

186

134

168

four-quarter trailing average is $812 PSF and

$2.29MM

(in Millions)

just over $2.3MM gross.

$30.0

$2500 $2,500

$24.0

$2,000 $2000

$18.0

$1,500 $1500

$12.0

$1,000 $1000

$6.0

AVERAGE SALES PRICE THIS QUARTER

$0.0

PPSF PRICE

$500 $500 $0

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

Condo Summary The condominium market saw a strong

Condominium Units

recovery in transaction volume to 460 this quarter, largely attributed to the recovery of the Williamsburg market. Across these neighborhoods, average sales price was marginally down on the quarter and by 7% on the year. Notably, the increases in average PPSF were 8.91% and 3.25%, respectively. The four-quarter trailing average is $1,148

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

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,257,450

-3.11%

$1,297,844

-7.00%

$1,352,065

$1,204

8.91%

$1,106

3.25%

$1,166

$1,067,500

-9.21%

$1,175,726

-11.04%

$1,200,000

460

341

237

$1.26MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

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.

1Q 2021 Market Report | 5

BROOKLYN HEIGHTS Townhouse Summary There were six closed townhouse deals this

1 to 4 Family Townhouses

first quarter, two of which were speculative development projects that were marketed $5.63MM, and average PPSF saw decreases of 27.01% to $1,188 PSF, readjusting from last quarter’s record-breaking deal. The fourquarter trailing average is $1,278 PSF and just under $6.5MM gross.

$6.43MM AVERAGE SALES PRICE OVER TRAILING FOUR QUARTERS

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

(in Millions)

before the pandemic. Average sales price was

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$5,626,167

-53.25%

$12,033,333

-47.91%

$10,800,000

$1,188

-27.01%

$1,627

-68.87%

$3,816

$5,392,500

-13.72%

$6,250,000

-50.07%

$10,800,000

$30.0

$4000 $4,000

$24.0

$3,200 $3200

$18.0

$2,400 $2400

$12.0 $12.0

$1,600 $1600

$6.0 $6.0

$800 $800

$0.0 $0.0

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

$0 $0

Condo Summary Brooklyn Heights saw 9 condo deals close

Condominium Units

this period. For these deals, although average sales price decreased significantly on the Average PPSF was $1,424, which is 2.52% above levels from the prior year. The fourquarter trailing average is $1,518 PSF and just over $3MM gross.

$1,424 AVERAGE PPSF THIS QUARTER

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

(in Millions)

quarter, it was up on the year at $2.74MM.

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$2,742,387

-37.34%

$4,376,429

42.88%

$1,919,429

$1,424

-18.57%

$1,748

2.52%

$1,389

$2,660,000

-43.40%

$4,700,000

18.27%

$2,249,000

$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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

$0 $0

1Q 2021 Market Report | 6

COBBLE HILL Townhouse Summary There were 5 townhouse transactions in

1 to 4 Family Townhouses

Cobble Hill this quarter. Average sales price saw strong increases to $4.53MM, putting it 7.70% above last year’s levels. Similarly, average PPSF was up this period to $1,386 PSF. The four-quarter trailing average is $1,284 PSF and just over $4MM gross.

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

AVERAGE PPSF INCREASE YEAR OVER YEAR

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$4,529,800

83.02%

$2,475,000

7.70%

$4,205,833

$1,386

15.59%

$1,199

14.38%

$1,212

$4,500,000

68.22%

$2,675,000

30.72%

$3,442,500

$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)

14.38%

1Q21

$0.0 $0.0.0

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary The first quarter in Cobble Hill saw sustained

Condominium Units

transaction volume at 7 closed sales. Average sales price continued its upward Similarly, average PPSF was $1,341, which significantly up on both periods. The fourquarter trailing average is $1,204 PSF and just under $1.3MM gross.

$1.45MM AVERAGE SALES PRICE THIS QUARTER

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

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,455,571

37.99%

$1,054,875

-19.87%

$1,816,429

$1,341

26.08%

$1,064

14.32%

$1,173

$1,485,000

61.50%

$919,500

-17.27%

$1,795,000

$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)

trend at 37.99% above the prior quarter.

1Q21

$0.0 $0.0.0

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

$0 $0

1Q 2021 Market Report | 7

CARROLL GARDENS Townhouse Summary Carroll Gardens saw another 7 townhouse

1 to 4 Family Townhouses

transactions this quarter. Despite average sales price of $3.48MM showing continued strength on the quarter, average PPSF dropped slightly to $1,039 PSF. The fourquarter trailing average is $1,046 PSF and just under $3.3MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

19.9% MEDIAN SALES PRICE INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$3,480,000

7.20%

$3,246,250

2.10%

$3,408,333

$1,039

-5.85%

$1,103

-12.58%

$1,188

$3,600,000

16.13%

$3,100,000

19.90%

$3,002,500

$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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Eight condo transactions closed in Carroll

Condominium Units

Gardens this quarter. Compared with last quarter, average sales price recovered by almost 10% to $1.34MM, and average PPSF by 4.61% to $1,274 PSF. The four-quarter trailing average is $1,257 PSF and just over $1.3MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

3.86% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,339,688

9.91%

$1,218,857

-3.52%

$1,388,500

$1,274

4.61%

$1,218

3.86%

$1,226

$1,190,000

-3.84%

$1,237,500

-17.93%

$1,450,000

$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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

$0 $0

1Q 2021 Market Report | 8

COLUMBIA STREET WATERFRONT DISTRICT Townhouse Summary There was another single townhouse

1 to 4 Family Townhouses

transaction in the Columbia Street Waterfront District this quarter. The threefamily home traded hands at $1.975MM, or

Average Sales Price

$914 PSF. The four-quarter trailing average

Average Price Per Sq Ft

is $1,084 PSF and just under $2.5MM gross.

Median Sales Price

15.02% AVERAGE SALES PRICE DECREASE OVER TRAILING FOUR QUARTERS

(in Millions)

Number of Sales

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,975,000

19.70%

$1,650,000

-36.29%

$3,100,000

$914

-20.70%

$1,153

-8.74%

$1,002

$1,975,000

19.70%

$1,650,000

-36.29%

$3,100,000

$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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Columbia Street Waterfront District saw 7

Condominium Units

condo transactions this quarter. Average sales price was level with the prior quarter $1,166, which is moderately up on the quarter and on the year. The four-quarter trailing average is $1,101 PSF and just over $1.1MM gross.

5.24% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

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

(in Millions)

at $1.21MM. However, average PPSF was

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,207,679

0.85%

$1,197,500

-7.39%

$1,304,000

$1,166

5.24%

$1,108

3.77%

$1,124

$1,225,000

0.00%

$1,225,000

-3.92%

$1,275,000

$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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2021 Market Report | 9

BOERUM HILL Townhouse Summary In Boerum Hill, there were 6 townhouse

1 to 4 Family Townhouses

transactions this quarter. Average sales price saw continued decreases on the quarter year’s level. However, average PPSF was up this period to $1,072 PSF. The four-quarter trailing average is $1,066 PSF and just under $3.0MM gross.

40.27% GROSS TRANSACTION VOLUME YEAR OVER YEAR

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

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$2,281,704

-30.62%

$3,288,600

-29.87%

$3,253,333

$1,072

4.82%

$1,023

-37.80%

$1,724

$2,300,000

-31.34%

$3,350,000

-29.23%

$3,250,000

$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)

to $2.28MM, putting it at 30% below last

1Q21

$0.0 $0.0

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Boerum Hill saw another 18 condo

Condominium Units

transactions this first quarter. Average sales price dropped to $1.35MM. Average PPSF was $1,325, which is level on the quarter but down on the year. The four-quarter trailing average is $1,288 PSF and just under $1.4MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

2.29% AVERAGE SALES PRICE DECREASE QUARTER OVER QUARTER

(in Millions)

Number of Sales

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,352,287

-2.29%

$1,383,932

-52.41%

$2,841,750

$1,325

-0.61%

$1,333

-13.80%

$1,537

$1,290,000

-5.32%

$1,362,500

-45.11%

$2,350,000

$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 2021 1Q 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 2021 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2021 Market Report | 10

GOWANUS Townhouse Summary Gowanus had 10 townhouse transactions

1 to 4 Family Townhouses

this quarter. Although average sales price saw significant quarter-over-quarter increases to $2.23MM, average PPSF was still down on both periods by almost 12%. The four-quarter trailing average is $958 PSF and just over $2.0MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

97.09% GROSS TRANSACTION VOLUME INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$2,233,011

16.86%

$1,910,833

-1.46%

$2,266,000

$916

-11.18%

$1,032

-11.64%

$1,037

$2,243,500

33.74%

$1,677,500

16.85%

$1,920,000

$5.0

$2,500

$4.0

$2,000

$3.0

$1,500

$2.0

$1,000

$1.0

$500

$0.0

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Gowanus saw 9 condo transactions this

Condominium Units

quarter, a huge return beyond levels this time last year. Average sales price was up on the quarter, but down on the year. Meanwhile, average PPSF was up on both periods. The four-quarter trailing average is $1,082 PSF and just under $890K gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

4.19% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,030,878

13.06%

$911,781

-19.54%

$1,281,250

$1,159

8.79%

$1,066

4.19%

$1,113

$1,070,000

41.05%

$758,596

-12.11%

$1,217,500

$5.0

$2000 $2,000

$4.0

$1,600 $1600

$3.0

$1,200 $1200

$2.0

$800

$1.0

$400

$0.0

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2021 Market Report | 11

FORT GREENE Townhouse Summary Fort Greene saw 5 closed deals this

1 to 4 Family Townhouses

quarter. From the rather limited supply and overwhelming demand of buyers looking in this neighborhood, this period’s average sales price was up significantly on both periods at $3.35MM. With that said, average PPSF was skewed down by two gut renos trading at just over $500 PSF. The four-quarter trailing average is $906 PSF and

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

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$3,354,000

29.34%

$2,593,119

28.02%

$2,620,000

$829

-6.93%

$891

-31.07%

$1,203

$3,050,000

30.20%

$2,342,477

27.08%

$2,400,000

28.02% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

(in Millions)

over $2.92MM gross. $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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Fort Greene saw 11 condo transactions

Condominium Units

this quarter, a continued upwards climb in volume from last year’s historic low. On both increased. However, average PPSF declined by an average of 9.65% on both periods at $1,020 PSF. The four-quarter trailing average is $1,058 PSF and under $1.2MM gross.

$1.17MM AVERAGE SALES PRICE THIS QUARTER

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

(in Millions)

the quarter and year, average sales price

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,172,273

8.26%

$1,082,783

6.67%

$1,098,988

$1,020

-9.86%

$1,131

-9.44%

$1,126

$1,125,000

4.70%

$1,074,500

5.09%

$1,070,540

$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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2021 Market Report | 12

Townhouse Market Neighborhood Overview Average Price Per Sq Ft

Average Sales Price

Average SF

Total # of Properties

Gross Transaction Volume

# of Transactions

% of Total Transactions

Brooklyn Heights

$1,188

$5,626,167

4,885

509

$33,757,000

Cobble Hill

$1,386

$4,529,800

3,441

987

$22,649,000

Carroll Gardens

$1,039

$3,480,000

3,339

1,461

$24,360,000

$829

$3,354,000

4,435

1,260

$16,770,000

$1,057

$3,083,458

3,050

925

$37,001,500

Clinton Hill

$929

$2,679,143

2,945

1,376

$18,754,000

Park Slope

$1,064

$2,670,926

2,665

5,588

$72,115,000

15%

Boerum Hill

$1,072

$2,281,704

2,123

810

$13,690,226

Gowanus

$916

$2,233,011

2,583

984

$22,330,108

Columbia Water District

$914

$1,975,000

2,160

204

$1,975,000

Williamsburg

$905

$1,923,600

2,253

3,099

$28,853,999

Bedford-Stuyvesant West

$572

$1,731,934

3,052

4,397

$48,494,150

15%

Greenpoint

$732

$1,721,923

2,432

2,199

$22,385,000

Bedford-Stuyvesant East

$544

$1,416,279

2,710

6,863

$62,316,269

24%

Downtown Brooklyn

DUMBO

$822

$2,287,372

2,861

30,741

$425,451,252

186

100%

Market*

Fort Greene Prospect Heights

ALL

* Ranked by “Average Sales Price”

Top 5 Townhouse Sales By Sales Price

Top 5 Townhouse Sales By Price Per Square Foot

Address

Neighborhood

Sales Price

Square Feet

$PSF

38 Monroe Pl

Brooklyn Heights

$7,650,000

7,260

$1,054

59 Middagh St

Brooklyn Heights

$7,200,000

6,024

19 Strong Pl

Cobble Hill

$6,500,000

161 Warren St

Cobble Hill

48 Willow Pl

Brooklyn Heights

Rank

Address

Neighborhood

Sales Price

Square Feet

$PSF

58 Tompkins Pl

Cobble Hill

$4,500,000

2,295

$1,961

$1,195

244 12th St

Park Slope

$2,400,000

1,440

$1,667

6,080

$1,069

135 Clinton St

Brooklyn Heights

$4,150,000

2,760

$1,504

$6,400,000

4,800

$1,333

1635 8th Ave

Park Slope

$2,999,000

2,048

$1,464

$5,800,000

5,000

$1,160

356 A Prospect Ave

Park Slope

$2,365,000

1,628

$1,453

Rank

1Q 2021 Market Report | 13

Condominium Market Neighborhood Overview Average Price Per Sq Ft

Average Sales Price

Average SF

Total # of Properties

Gross Transaction Volume

# of Transactions

% of Total Transactions

Downtown Brooklyn

$1,504

$1,440,896

952

1,742

$144,089,592

100

22%

DUMBO

$1,434

$1,366,571

733

1,266

$47,830,000

Brooklyn Heights

$1,424

$2,742,387

1,967

950

$24,681,479

Cobble Hill

$1,341

$1,455,571

1,096

669

$10,189,000

Boerum Hill

$1,325

$1,352,287

1,025

907

$24,341,173

Carroll Gardens

$1,274

$1,339,688

1,035

733

$10,717,500

Greenpoint

$1,242

$1,104,848

902

1,313

$16,572,715

Prospect Heights

$1,231

$1,469,361

1,168

1,544

$33,795,310

Park Slope

$1,189

$1,294,750

1,084

3,017

$44,021,500

Columbia Water District

$1,166

$1,207,679

1,026

746

$8,453,750

Gowanus

$1,159

$1,030,878

917

610

$9,277,904

Williamsburg

$1,085

$1,099,235

1,077

9,805

$129,709,740

118

26%

Clinton Hill

$1,075

$1,075,013

988

1,064

$12,900,151

Fort Greene

$1,020

$1,172,273

1,212

879

$12,894,999

Bedford-Stuyvesant East

$759

$711,963

1,010

450

$4,983,743

Bedford-Stuyvesant West

$715

$935,496

1,378

2,675

$43,968,297

10%

$1,204

$1,257,450

1,065

28,370

$578,426,853

460

100%

Market*

ALL

* Ranked by “Average Price Per Sq Ft”

Top 5 Condominium Sales By Sales Price Rank

Address

167 Columbia Hts #TH

98 Front St, PH1G

Neighborhood

Sales Price

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

Rank

Address

Neighborhood

Sales Price

Square $PSF Feet

138 Willoughby St, #65a Downtown Brooklyn $2,756,329 1,181 $2,334

$4,650,000 2,115 $2,199

138 Willoughby St, #68c Downtown Brooklyn $2,643,433 1,142 $2,315

50 Bridge Park Dr, Unit 10B Brooklyn Heights $3,550,000 2,057 $1,726

138 Willoughby St, #62a Downtown Brooklyn $2,625,993 1,181 $2,224

138 Willoughby St, #56a Downtown Brooklyn $2,625,993 1,182 $2,222

138 Willoughby St, #59a Downtown Brooklyn $2,613,774 1,181 $2,213

181 Park Pl #2

85 N 3rd St #505

Brooklyn Heights $4,999,995 4,434 $1,128 DUMBO

Prospect Heights $3,400,000 1,993 $1,706 Williamsburg

$3,220,000 2,250 $1,431

1Q 2021 Market Report | 14

CLINTON HILL Townhouse Summary Clinton

Hill

saw

townhouse

1 to 4 Family Townhouses

transactions at 7 this quarter. Although average sales price was down from last quarter, it is still 2.54% up from the prior

Average Sales Price

year. Average PPSF followed a similar suit,

Average Price Per Sq Ft

decreasing moderately on the quarter to

Median Sales Price

is $915 PSF and just over $2.7MM gross.

Number of Sales

2.54% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

(in Millions)

$929 PSF. The four-quarter trailing average

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$2,679,143

-16.29%

$3,200,600

2.54%

$2,612,857

$929

-9.34%

$1,025

-0.06%

$930

$2,657,000

-2.32%

$2,720,000

2.19%

$2,600,000

$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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary There were another 12 condo transactions

Condominium Units

this quarter in Clinton Hill, surpassing its volume a year ago. Average sales price was average PPSF was up on both periods, notably by 8.27% on the quarter. The fourquarter trailing average is $1,039 PSF and just over $1.2MM gross.

8.56% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

down 15.85% on the quarter. However,

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,075,013

-15.85%

$1,277,500

8.56%

$990,222

$1,075

8.27%

$993

3.41%

$1,040

$1,025,250

-26.90%

$1,402,500

20.76%

$849,000

$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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2020 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2021 Market Report | 15

PROSPECT HEIGHTS Townhouse Summary There was an impressive 12 townhouse

1 to 4 Family Townhouses

transactions this quarter in Prospect Heights. Although the average sales price quarter, it was almost 40% above levels from the prior year. Average PPSF increased strongly to $1,057 this quarter. The fourquarter trailing average is $998 PSF and over $2.8MM gross.

24.94% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

(in Millions)

of $3.08MM was marginally down on the

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$3,083,458

-2.38%

$3,158,750

37.71%

$2,239,167

$1,057

22.00%

$867

24.94%

$846

$2,832,000

-17.85%

$3,447,500

17.27%

$2,415,000

$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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Prospect Heights saw 23 transactions this

Condominium Units

quarter. Continued strong interest in the neighborhood saw average sales prices average PPSF increase by 15.53% to $1,231 PSF. With that said, the two metrics are still down compared with levels from the prior year. The four-quarter trailing average is $1,162 PSF and under $1.4MM gross.

9.50% AVERAGE PPSF DECREASE YEAR OVER YEAR

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

(in Millions)

increase by 32.78% to $1.47MM, and

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,469,361

32.78%

$1,106,642

-25.35%

$1,968,389

$1,231

15.53%

$1,065

-9.50%

$1,360

$1,300,000

43.65%

$905,000

-25.36%

$1,741,626

$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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2021 Market Report | 16

PARK SLOPE Townhouse Summary Park Slope had strong quarter with 27

1 to 4 Family Townhouses

townhouse transactions. Average sales price of $2.67MM increased on the quarter but PPSF saw strong recovery to levels from last year, increasing to $1,064 PSF this quarter. The four-quarter trailing average is $1,000 PSF and just over $2.72MM gross.

12.81% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

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

(in Millions)

was 5.48% down on the year. However,

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$2,670,926

1.42%

$2,633,470

-5.48%

$2,825,920

$1,064

12.81%

$944

2.72%

$1,036

$2,400,000

-3.08%

$2,476,220

-17.17%

$2,897,500

$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

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

$0 $0

Condo Summary Park Slope saw 34 condo transactions this

Condominium Units

first quarter, a modest drop-off in volume from prior quarters. Average sales price was the year. However, average PPSF was up 3.57% on the quarter and level on the year. The four-quarter trailing average is $1,177 PSF and just under $1.34MM gross.

$1.29MM AVERAGE SALES PRICE THIS QUARTER

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

(in Millions)

down on the quarter and even more so on

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,294,750

-5.76%

$1,373,936

-9.21%

$1,426,133

$1,189

3.57%

$1,148

-0.41%

$1,194

$1,155,000

-18.52%

$1,417,500

-17.94%

$1,407,500

$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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2021 Market Report | 17

BEDFORD-STUYVESANT (West) Townhouse Summary There were 28 townhouse transactions in

1 to 4 Family Townhouses

Bedford-Stuyvesant West this first quarter, which is almost triple the volume from last quarter. Average sales price was level on the

Average Sales Price

quarter at $1.73MM, but average PPSF was

Average Price Per Sq Ft

down moderately to $572 PSF. The four-

Median Sales Price

$1.6MM gross.

Number of Sales

11.64% AVERAGE PPSF DECREASE QUARTER OVER QUARTER

(in Millions)

quarter trailing average is $585 PSF and over

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,731,934

-0.98%

$1,749,000

3.76%

$1,669,223

$572

-11.64%

$647

-3.52%

$593

$1,660,000

5.23%

$1,577,500

3.75%

$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

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Condo transaction volume came back

Condominium Units

stronger than ever this first quarter in Bedford-Stuyvesant West with 47 deals. From consistent with levels from the prior quarter, despite average PPSF decreasing to $715. The four-quarter trailing average is $742 PSF and just over $881K gross.

18.20% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

a pricing standpoint, average sales price was

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$935,496

0.17%

$933,875

18.20%

$791,476

$715

-14.60%

$837

-5.11%

$754

$945,000

3.82%

$910,250

32.39%

$713,794

$3.75

$2000 $2,000

$3.00

$1,600 $1600

$2.25

$1,200 $1200

$1.50

$800

$0.75

$400

$0.0

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2021 Market Report | 18

BEDFORD-STUYVESANT (East) Townhouse Summary Bedford-Stuyvesant East had 44 townhouse

1 to 4 Family Townhouses

transactions this quarter, marking a full bounce back to levels from the prior year. the quarter, it was up notably on the year. Average PPSF followed a similar trend. The four-quarter trailing average is $525 PSF and over $1.3MM gross.

19.23% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

While average sales price was down on

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,416,279

-7.92%

$1,538,042

19.23%

$1,187,890

$544

-3.00%

$560

15.32%

$471

$1,325,000

-7.18%

$1,427,500

15.22%

$1,150,000

$3.75

$1500 $1,500

$3.0 $3.00

$1,200 $1200

$2.25

$900 $900

$1.50 $1.50

$600 $600

$0.75

$300 $300

$0.0 $0.00

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

$0 $0

Condo Summary Bedford-Stuyvesant East had 7 condo

Condominium Units

transactions this first quarter, which is level with last quarter’s activity. Average sales price continued its upward climb, now at $711K. Meanwhile, average PPSF remained level on the period. The four-quarter trailing average is $723 PSF and just over $666K gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

23.41% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$711,963

16.19%

$612,750

23.41%

$576,911

$759

-0.32%

$762

29.55%

$586

$764,105

17.01%

$653,000

41.63%

$539,500

$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

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2021 Market Report | 19

DOWNTOWN BROOKLYN Townhouse Summary There were no townhouse transactions in

1 to 4 Family Townhouses

Downtown Brooklyn this quarter.

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

Average Sales Price

Average Price Per Sq Ft

Median Sales Price

Number of Sales

(in Millions)

1Q21

$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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Condominium transactions in Downtown

Condominium Units

Brooklyn saw 100 closes this quarter, which is on trend for the neighborhood. Average sales price was positively skewed by closings at two new development condo buildings, Brooklyn Point and 11 Hoyt. Furthermore, average PPSF was $1,504, which is reflective of sponsor unit pricing. The four-quarter trailing average is $1,216 PSF and just over

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

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,440,896

15.31%

$1,249,611

17.30%

$1,228,413

$1,504

56.76%

$959

21.44%

$1,238

$1,245,621

6.69%

$1,167,540

8.31%

$1,150,000

100

108

$1.44MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

$1.3MM gross. $5$5.0

$2000 $2,000

$4$4.0

$1,600 $1600

$3.0 $3

$1,200 $1200

$2$2.0

$800

$1$1.0

$400

$0.0 $0

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2021 Market Report | 20

GREENPOINT Townhouse Summary Greenpoint saw another 13 townhouse

1 to 4 Family Townhouses

transactions this quarter. Average sales price was down by 8.22% on the quarter to $1.72MM. Although average PPSF declined

Average Sales Price

significantly from the prior quarter’s high, it

Average Price Per Sq Ft

is still up on the year at $732 PSF. The four-

Median Sales Price

under $2.0MM gross.

Number of Sales

2.04% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

(in Millions)

quarter trailing average is $803 PSF and

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,721,923

-8.22%

$1,876,154

2.04%

$1,687,500

$732

-18.82%

$901

3.23%

$709

$1,450,000

-17.14%

$1,750,000

-20.66%

$1,827,500

$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

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary The first quarter in Greenpoint saw 15

Condominium Units

condo transactions. Average sales price at $1.10MM was slightly up on the quarter, The reverse of this was observed for average PPSF, where it was 2.50% higher than levels from the prior year. The four-quarter trailing average is $1,240 PSF and under $1.2MM gross.

$1,242 AVERAGE PPSF THIS QUARTER

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

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,104,848

0.11%

$1,103,625

-2.54%

$1,133,664

$1,242

-8.54%

$1,358

2.50%

$1,212

$1,075,000

10.88%

$969,500

-9.28%

$1,185,000

$5$5.0

$2000 $2,000

$4$4.0

$1,600 $1600

$3.0 $3

$1,200 $1200

(in Millions)

but down by a similar degree on the year.

1Q21

$2$2.0

$800

$1$1.0

$400

$0.0 $0

2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2021 Market Report | 21

WILLIAMSBURG Townhouse Summary Williamsburg saw another 15 townhouse

1 to 4 Family Townhouses

transactions this quarter. Average sales price was down on both periods by an average on the quarter to $905, even increasing slightly above levels from last year. The fourquarter trailing average is $779 PSF and just over $1.9MM gross.

2.59% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

(in Millions)

of 8.05%. However, average PPSF saw gains

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,923,600

-8.87%

$2,110,833

-7.22%

$2,073,309

$905

11.82%

$810

2.59%

$883

$1,700,000

-15.00%

$1,999,995

-8.11%

$1,850,000

$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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

Condo Summary Williamsburg saw a new record high of 118

Condominium Units

condo transactions this quarter, with over 70% of the deals occurring below $900K. Although average sales price was slightly up on the quarter, it was significantly down on the year. However, on a price-per-squarefoot basis, the studios and 1-bedrooms that traded did at 11.32% above the last quarter. The four-quarter trailing average is $1,092

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

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,099,235

2.39%

$1,073,556

-16.83%

$1,321,705

$1,085

11.32%

$975

-8.80%

$1,190

$991,000

0.87%

$982,500

-13.64%

$1,147,500

118

78.79% GROSS TRANSACTION VOLUME YEAR OVER YEAR

(in Millions)

PSF and under $1.2MM gross. $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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

PPSF PRICE

1Q 2021 Market Report | 22

DUMBO Condo Summary There were 35 condo transactions this

Condominium Units

quarter in DUMBO. Although average sales price was slightly up on the quarter, it is significantly down on the year at $1.36MM. With that said, the outperformance of

Average Sales Price

2-bedroom sponsor condos propped up

Average Price Per Sq Ft

average PPSF to $1,434 this quarter. The

Median Sales Price

and just over $1.4MM gross.

10.57% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

Number of Sales

(in Millions)

four-quarter trailing average is $1,353 PSF

1Q21

%∆ (Qtr)

4Q20

%∆ (Yr)

1Q20

$1,366,571

1.18%

$1,350,606

-40.44%

$2,294,500

$1,434

10.57%

$1,297

3.95%

$1,380

$1,085,000

-10.70%

$1,215,000

-51.07%

$2,217,500

$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 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 20211Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

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.

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Engel & Völkers Brownstone Brooklyn 1Q21 Market Report