Engel & Völkers Brownstone Brooklyn 4Q20 Market Report

4Q20 BROWNSTONE BROOKLYN MARKET REPORT

Brownstone Brooklyn Market Report 4Q20 Dear Reader, If you are a reader of our Weekly Brooklyn Market Report, it shouldn’t come as a surprise that closed sales activity during the 4th quarter of 2020 has broken out of an overall downward trend that started in the 3rd quarter of 2017. We will of course be paying close attention to see if this new positive trend holds as we move into and through 2021. As always, location, uniqueness and competitive inventory are major contributors to any particular asset’s value.

Townhouses Just over $346MM worth of 1- to 4-family townhouses traded hands in 4Q20, versus $355MM during 4Q19, a decrease of only $9MM, or 2.6%. Over the same time frame transaction volume decreased by 22.6%, but it increased substantially over 3Q20 by 45.7%. The average sales price moved up by 25.9% to $2.53MM. A market-wide overview and notable transactions appear on page 12 of this report.

Condominiums Approximately $228MM worth of condominiums sold in 4Q20, versus $266MM during 4Q19, a decrease of $38MM, or 14.2%. While the number of transactions dropped by 20.9% year-over-year, they were up by 29.1% over 3Q20. The average sales price moved up as well, by 8.5%. 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 both of these 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

4

Brooklyn Heights

5

Cobble Hill

6

Carroll Gardens

7

Columbia Street Waterfront District

8

Boerum Hill

9

Gowanus

10

Fort Greene

11

Clinton Hill

14

Prospect Heights

15

Park Slope

16

Bedford-Stuyvesant (West)

17

Bedford-Stuyvesant (East)

18

Downtown Brooklyn

19

Greenpoint

20

Williamsburg

21

DUMBO

22

Townhouse Market Neighborhood Overview

12

Condominium Market Neighborhood Overview

13

4Q 2020 Market Report | 4

BROWNSTONE BROOKLYN Townhouse Summary The townhouse market saw 137 closed sales

1 to 4 Family Townhouses

this period, which, although is a strong 45% increase over volume from the previous quarter, is still 23% below deal volumes this time in 2019. With that said, average sales price saw strong growth compared with both prior periods. In addition, average PPSF was $881 this quarter, which is 19% above last year. The four-quarter trailing average is

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

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$2,525,874

19.86%

$2,107,348

25.79%

$2,007,969

$881

18.39%

$744

19.09%

$740

$2,154,750

16.16%

$1,855,000

19.77%

$1,799,000

137

94

177

$2.53MM

(in Millions)

$801 PSF and just over $2.2MM 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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

Condo Summary The condominium market saw a moderate

Condominium Units

recovery in transaction volume to 182 this quarter. Although there are less closings, on the quarter and by almost 9% on the year. Average PPSF had similar gains on the quarter but was down 3.17% on the year.

The four-quarter trailing average is $1,124 PSF and just under $1.3MM gross.

$1.26MM AVERAGE SALES PRICE THIS QUARTER

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

(in Millions)

average sales price increased by almost 2%

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,256,552

1.57%

$1,237,158

8.48%

$1,158,303

$1,114

1.95%

$1,093

-3.17%

$1,150

$1,182,000

12.57%

$1,050,000

17.91%

$1,002,500

182

141

230

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0$0

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

4Q 2020 Market Report | 5

BROOKLYN HEIGHTS Townhouse Summary There were three closed townhouse deals

1 to 4 Family Townhouses

this fourth quarter, one of which is the $25.5MM record-breaking, off-market deal at 8 Montague Terrace. Average sales price is highly skewed by this transaction; however, median sales price is $6.25MM, which is 2.5% above levels from the prior quarter.

Average PPSF is up by a similar degree to $1,627 PSF. The four-quarter trailing average

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

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$12,033,333

97.35%

$6,097,500

154.23%

$4,733,333

$1,627

4.91%

$1,551

17.40%

$1,386

$6,250,000

2.50%

$6,097,500

43.68%

$4,350,000

3

2

3

17.40% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

is $1,586 PSF and a healthy $7.4MM gross. $30.0 $30.0

$4000 $4,000

$24.0 $24.0

$3,200 $3200

$18.0 $18.0

$2,400 $2400

$12.0 $12.0

$1,600 $1600

$6.0 $6.0

$800 $800

$0.0 $0.0

2018 4Q2019 1Q2019 4Q 20183Q2018 2018 2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 2020 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

Condo Summary Brooklyn Heights saw 4 condo deals close

Condominium Units

this period, which is level with last year. For these deals, average sales price continued skew from the $5MM closing at 30 Henry St, #5. Average PPSF was $1,423, which increased 5.42% from the prior quarter. The four-quarter trailing average is $1,397 PSF and just over $2.3MM gross.

106.9% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

to increase significantly, with some positive

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$3,083,750

23.33%

$2,500,400

106.86%

$1,490,750

$1,423

5.42%

$1,350

4.92%

$1,356

$2,480,000

24.31%

$1,995,000

54.04%

$1,610,000

4

5

4

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

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

4Q 2020 Market Report | 6

COBBLE HILL Townhouse Summary There were 3 townhouse transactions in

1 to 4 Family Townhouses

Cobble Hill this fourth quarter of 2020.

Average sales price saw further decreases However, average PPSF is moderately up on both periods to $1,199. The four-quarter trailing average is $1,211 PSF and just under $4MM gross.

$3.89MM AVERAGE SALES PRICE OVER TRAILING FOUR QUARTERS

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

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$2,475,000

-37.29%

$3,946,433

-28.76%

$3,474,375

$1,199

11.41%

$1,076

17.97%

$1,017

$2,675,000

-30.52%

$3,850,000

-22.07%

$3,432,500

3

3

8

$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)

by 37.29% this quarter to $2.475MM.

4Q20

$0.0 $0.0.0

2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

Condo Summary The fourth quarter in Cobble Hill saw

Condominium Units

sustained transaction volume at 8 closed sales. Continuing with observations from $1.05MM is down 6.86% but up 72.58% on the year. Average PPSF is $1,064, which is down on the quarter but slightly up on the year. The four-quarter trailing average is $1,155 PSF and just over $1.3MM gross.

59.22% MEDIAN SALES PRICE INCREASE YEAR OVER YEAR

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

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,054,875

-6.86%

$1,132,571

72.58%

$611,250

$1,064

-13.56%

$1,231

3.30%

$1,030

$919,500

-21.74%

$1,175,000

59.22%

$577,500

8

7

4

$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)

last quarter, the average sales price of

4Q20

$0.0 $0.0.0

2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

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

4Q 2020 Market Report | 7

CARROLL GARDENS Townhouse Summary Carroll Gardens saw 7 townhouse

1 to 4 Family Townhouses

transactions this quarter. Average sales price was level on the quarter, and up strongly on to $1,103 PSF, surpassing levels from the prior year by 16.54%. The four-quarter trailing average is $1,102 PSF and just under $3.3MM gross.

47.76% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

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

(in Millions)

the year. Notably, average PPSF improved

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$3,246,250

0.66%

$3,225,000

20.76%

$2,688,167

$1,103

47.76%

$747

16.54%

$947

$3,100,000

-3.88%

$3,225,000

12.16%

$2,764,000

7

2

6

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

Condo Summary Fourteen condo transactions closed in

Condominium Units

Carroll Gardens this quarter, surpassing volume from the year prior. Compared with last quarter, average sales price decreased staunchly by 24.06% to $1.22MM, and PPSF was down to $1,218. However, compared with last year, both metrics are moderately up by an average of 6.95%. The fourquarter trailing average is $1,243 PSF and

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

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,218,857

-24.06%

$1,605,000

7.36%

$1,135,286

$1,218

-9.98%

$1,353

6.53%

$1,143

$1,237,500

-22.90%

$1,605,000

1.02%

$1,225,000

14

2

7

$1,218 AVERAGE PPSF THIS QUARTER

(in Millions)

over $1.3MM gross. $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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

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

4Q 2020 Market Report | 8

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

1 to 4 Family Townhouses

the Columbia Street Waterfront District this quarter. The one-family home at 129 Tiffany Pl traded hands at $1.65MM. The four-

Average Sales Price

quarter trailing average is $1,085 PSF and

Average Price Per Sq Ft

just under $3MM gross.

Median Sales Price

14.02% AVERAGE SALES PRICE DECREASE OVER TRAILING FOUR QUARTERS

(in Millions)

Number of Sales

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,650,000

-

-

-

-

$1,153

-

-

-

-

$1,650,000

-

-

-

-

1

-

1

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

Condo Summary Columbia Street Waterfront District saw 11

Condominium Units

condo transactions this quarter. Average sales price shot up from last quarter’s historic last year. Average PPSF was $1,108, which is moderately up on the quarter and down on the year. The four-quarter trailing average is $1,087 PSF and just under $1.2MM gross.

$1.19MM AVERAGE SALES PRICE THIS QUARTER

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

(in Millions)

low but is still 20.25% below levels from

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,197,500

48.30%

$807,500

-20.25%

$1,501,583

$1,108

18.70%

$934

-11.36%

$1,250

$1,225,000

51.70%

$807,500

-20.58%

$1,542,500

11

2

6

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

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

4Q 2020 Market Report | 9

BOERUM HILL Townhouse Summary In Boerum Hill, there were 10 townhouse

1 to 4 Family Townhouses

transactions this quarter. Average sales price saw slight but further decreases on the below last year’s level. Average PPSF was down this period to $1,035. The four-quarter trailing average is $1,178 PSF and just over $3.1MM gross.

5.87% AVERAGE SALES PRICE DECREASE QUARTER OVER QUARTER

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

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$3,152,440

-5.87%

$3,349,167

-19.68%

$3,925,000

$1,035

-19.44%

$1,285

-13.57%

$1,198

$3,125,000

2.54%

$3,047,500

-20.38%

$3,925,000

10

3

2

$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)

quarter to $3.15MM, putting it almost 20%

4Q20

$0.0 $0.0

2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

Condo Summary Boerum Hill saw 5 condo transactions this

Condominium Units

fourth quarter. Although a steep drop in closing volume from the prior quarter, momentum to $1.8MM. Average PPSF was $1,298, which is 5.87% up on the quarter.

The four-quarter trailing average is $1,271 PSF and just over $1.7MM gross.

37.57% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

average sales price continued its upward

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,802,156

30.57%

$1,380,250

37.57%

$1,310,000

$1,298

5.87%

$1,226

-6.04%

$1,381

$1,328,782

-3.19%

$1,372,500

1.43%

$1,310,000

5

9

2

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

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

4Q 2020 Market Report | 10

GOWANUS Townhouse Summary Gowanus had 6 townhouse transactions

1 to 4 Family Townhouses

this quarter. Although average sales price saw small quarter-over-quarter increases to $1.91MM, average PPSF is up significantly to $1,032. The four-quarter trailing average is $1,016 PSF and just over $2.0MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

18.85% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

(in Millions)

Number of Sales

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,910,833

3.01%

$1,854,950

-2.06%

$1,951,000

$1,032

18.85%

$868

-4.41%

$1,079

$1,677,500

-9.57%

$1,854,950

-20.12%

$2,100,000

6

2

5

$5.0

$2,500

$4.0

$2,000

$3.0

$1,500

$2.0

$1,000

$1.0

$500

$0.0

2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

Condo Summary Gowanus saw 11 condo transactions this

Condominium Units

quarter. Average sales price was up on both periods at $911K. However, average PPSF was down by 2.25% on the quarter to $1,066 PSF. The four-quarter trailing average is $1,064 PSF and just under $900K gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

2.59% AVERAGE PPSF DECREASE YEAR OVER YEAR

(in Millions)

Number of Sales

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$911,781

6.33%

$857,500

6.97%

$852,333

$1,066

-2.25%

$1,090

-2.59%

$1,094

$758,596

-11.53%

$857,500

-10.81%

$850,500

11

2

6

$5.0

$2000 $2,000

$4.0

$1,600 $1600

$3.0

$1,200 $1200

$2.0

$800

$1.0

$400

$0.0

2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

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

4Q 2020 Market Report | 11

FORT GREENE Townhouse Summary Fort Greene saw another 8 closed deals

1 to 4 Family Townhouses

this quarter. On both periods, average sales price is down by around 9% to $2.59MM. However, while average PPSF is down on the quarter, it is up on the year by 6.35%. The four-quarter trailing average is $964 PSF and over $2.7MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

4.36% MEDIAN SALES PRICE DECREASE YEAR OVER YEAR

(in Millions)

Number of Sales

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$2,593,119

-9.60%

$2,868,625

-9.21%

$2,856,094

$891

-5.87%

$947

6.35%

$838

$2,342,477

-25.64%

$3,150,000

-4.36%

$2,449,375

8

8

8

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

Condo Summary Fort Greene saw 8 condo transactions this

Condominium Units

quarter, double of last quarter’s record low.

On both the quarter and year, average sales levels just over $1MM. However, average PPSF experienced gains on both periods at $1,131 PSF. The four-quarter trailing average is $1,094 PSF and under $1.2MM gross.

6.75% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

(in Millions)

price decreased, now trading at average

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,082,783

-13.68%

$1,254,375

-6.25%

$1,155,000

$1,131

11.27%

$1,017

6.75%

$1,060

$1,074,500

-11.38%

$1,212,500

-3.63%

$1,115,000

8

4

4

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

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

4Q 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

Brooklyn Heights

$1,642

$12,115,000

6,621

509

$36,345,000

3

2%

Carroll Gardens

$1,103

$3,246,250

3,028

1,461

$22,723,750

7

5%

Clinton Hill

$1,025

$3,200,600

3,129

1,376

$16,003,000

5

4%

$867

$3,158,750

3,833

925

$12,635,000

4

3%

Boerum Hill

$1,035

$3,152,440

3,106

810

$31,524,400

10

8%

Park Slope

$944

$2,633,470

2,809

5,588

$84,271,037

32

25%

Fort Greene

$891

$2,593,119

2,850

1,260

$20,744,954

8

6%

Cobble Hill

$1,199

$2,475,000

2,172

987

$7,425,000

3

2%

$810

$2,110,833

2,777

3,099

$31,662,495

15

12%

$1,032

$1,910,833

1,961

984

$11,465,000

6

5%

Greenpoint

$901

$1,876,154

2,223

2,199

$24,390,000

13

10%

Bedford-Stuyvesant West

$647

$1,749,000

2,838

4,397

$17,490,000

10

8%

Columbia St Water District

$1,153

$1,650,000

1,431

204

$1,650,000

1

1%

$560

$1,538,042

2,802

6,863

$18,456,500

12

9%

Downtown Brooklyn

-

-

-

75

-

-

-

DUMBO

-

-

-

4

-

-

-

$881

$2,527,662

2,838

30,741

$346,044,711

129

100%

Market*

Prospect Heights

Williamsburg Gowanus

Bedford-Stuyvesant East

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

1

8 Montague Terrace

Brooklyn Heights

$25,500,000

11,580 $2,202

2

154 Hicks St

Brooklyn Heights

$6,250,000

5,444

$1,148

3

31 Prospect Park W

Park Slope

$5,300,000

2,603

$2,036

4

176 N 6th St

Williamsburg

$5,150,000

5,089

5

179 Bergen St

Boerum Hill

$4,850,000

3,104

Rank

Square Feet

Address

Neighborhood

Sales Price

Square Feet

1

8 Montague Terrace

Brooklyn Heights

$25,500,000

11,580 $2,202

2

31 Prospect Park W

Park Slope

$5,300,000

2,603

$2,036

3

379 12th St

Park Slope

$2,850,000

1,764

$1,616

$1,012

4

191 Java St

Greenpoint

$2,500,000

1,564

$1,598

$1,563

5

179 Bergen St

Boerum Hill

$4,850,000

3,104

$1,563

$PSF

Rank

$PSF

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

4Q 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

Brooklyn Heights

$1,423

$3,083,750

2,152

950

$12,335,000

4

2%

Greenpoint

$1,310

$1,070,000

789

1,313

$5,350,000

5

3%

Boerum Hill

$1,298

$1,802,156

1,303

907

$9,010,782

5

3%

DUMBO

$1,269

$1,772,056

1,328

1,266

$15,948,500

9

5%

Carroll Gardens

$1,218

$1,218,857

981

733

$17,064,000

14

8%

Downtown Brooklyn

$1,211

$1,049,132

877

1,742

$6,294,789

6

3%

Park Slope

$1,148

$1,373,936

1,265

3,017

$60,453,182

44

24%

Fort Greene

$1,131

$1,082,783

988

879

$8,662,263

8

4%

Columbia St Water District

$1,108

$1,197,500

1,072

746

$13,172,500

11

6%

Gowanus

$1,066

$911,781

851

610

$10,029,596

11

6%

Prospect Heights

$1,065

$1,106,642

1,048

1,544

$23,239,476

21

12%

Cobble Hill

$1,064

$1,054,875

1,027

669

$8,439,000

8

4%

Clinton Hill

$993

$1,277,500

1,326

1,064

$15,330,000

12

7%

Williamsburg

$975

$1,073,556

1,122

9,805

$17,176,890

16

9%

Bedford-Stuyvesant West

$837

$933,875

1,150

2,675

$3,735,500

4

2%

Bedford-Stuyvesant East

$762

$612,750

838

450

$2,451,000

4

2%

$1,114

$1,256,552

1,136

28,370

$228,692,478

182

100%

Market*

ALL

* Ranked by “Average Price Per Sq Ft�

Top 5 Condominium Sales By Sales Price Rank

Address

Neighborhood

Sales Price

Top 5 Condominium Sales By Price Per Square Foot Square Feet

$PSF

Rank

Address

Neighborhood

Sales Price

Square Feet

$PSF

2,985

$1,725

1

210 Pacific St #3e

Boerum Hill

$3,285,000

1,812

$1,813

1

30 Henry St #5

2

200 Water St #5B

DUMBO

$4,500,000

2,520

$1,786

2

200 Water St #5B

DUMBO

$4,500,000

2,520

$1,786

3

210 Pacific St #3e

Boerum Hill

$3,285,000

1,812

$1,813

3

565 5th St #2

Park Slope

$1,460,000

836

$1,746

4

383 3rd St #2

Park Slope

$2,782,500

1,775

$1,568

4

21 India St #28K

Greenpoint

$1,960,000

1,123

$1,745

360 Furman St #602 Brooklyn Heights $2,660,000

2,499

$1,064

5

30 Henry St #5

Brooklyn Heights $5,150,000

2,985

$1,725

5

Brooklyn Heights $5,150,000

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

4Q 2020 Market Report | 14

CLINTON HILL Townhouse Summary Clinton Hill saw 5 townhouse transactions

1 to 4 Family Townhouses

this quarter. Average sales price is notably up by 15.61% on the quarter. Increases are also reflected on a price per square foot

Average Sales Price

basis, where average PPSF rose impressively

Average Price Per Sq Ft

past pre-Covid levels to $1,025 PSF. The

Median Sales Price

just under $2.7MM gross.

Number of Sales

25.56% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

four-quarter trailing average is $915 PSF and

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$3,200,600

15.61%

$2,768,333

55.63%

$2,056,571

$1,025

7.19%

$956

25.56%

$816

$2,720,000

28.00%

$2,125,000

28.91%

$2,110,000

5

3

7

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

Condo Summary There were 12 condo transaction this quarter

Condominium Units

in Clinton Hill, a rebound to its volume a year ago. Average sales price was up 16.31% on the year, meanwhile, PPSF was only 1.10% down. The four-quarter trailing average is $1,024 PSF and just over $1.2MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$993 AVERAGE PPSF THIS QUARTER

(in Millions)

Number of Sales

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,277,500

-29.03%

$1,800,000

16.31%

$1,098,333

$993

-2.81%

$1,022

-1.10%

$1,004

$1,402,500

-22.08%

$1,800,000

16.88%

$1,200,000

12

1

9

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

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

4Q 2020 Market Report | 15

PROSPECT HEIGHTS Townhouse Summary There

were

another

4

townhouse

1 to 4 Family Townhouses

transactions this quarter in Prospect Heights.

Average sales price increased 31% on the deals occurring above $3MM. Average PPSF was $867, which is 4.86% below last quarter. The four-quarter trailing average is $912 PSF and just over $2.5MM gross.

$3.16MM AVERAGE SALES PRICE THIS QUARTER

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

(in Millions)

quarter, notably due to three of the four

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$3,158,750

31.00%

$2,411,250

16.99%

$2,700,000

$867

-4.86%

$911

-2.14%

$886

$3,447,500

56.70%

$2,200,000

27.69%

$2,700,000

4

4

2

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

Condo Summary Prospect Heights saw 21 transactions this

Condominium Units

quarter. Although strong volume indicates interest in the neighborhood, average sales 20% lower than last quarter. Average PPSF was similarly down comparing against last year, now at $1,065 PSF. The four-quarter trailing average is $1,162 PSF and just under $1.4MM gross.

8.65% AVERAGE SALES PRICE DECREASE YEAR OVER YEAR

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

(in Millions)

price closed at $1.11MM, which is almost

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,106,642

-18.37%

$1,355,646

-8.65%

$1,211,469

$1,065

-10.21%

$1,187

-16.32%

$1,273

$905,000

-31.77%

$1,326,400

-24.90%

$1,205,000

21

10

12

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

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

4Q 2020 Market Report | 16

PARK SLOPE Townhouse Summary Park Slope had another strong quarter with

1 to 4 Family Townhouses

32 townhouse transactions. Average sales price of $2.63MM remained at similar levels from the prior periods. However, PPSF saw a quarter-over-quarter decline of 3.91% to $944. The four-quarter trailing average is $992 PSF and just under $2.8MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$944

(in Millions)

Number of Sales

AVERAGE PPSF THIS QUARTER

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$2,633,470

2.26%

$2,575,188

-3.83%

$2,738,225

$944

-3.91%

$982

-4.14%

$984

$2,476,220

9.08%

$2,270,000

-18.13%

$3,024,500

32

16

18

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

Condo Summary Park Slope saw 44 condo transactions this

Condominium Units

fourth quarter of 2020, a huge increase in volume from prior quarters. Average quarter, despite a third of the closed sales occurring under $1MM. Average PPSF was down on both periods at $1,148 PSF. The four-quarter trailing average is $1,179 PSF and just under $1.4MM gross.

$1.37MM AVERAGE SALES PRICE THIS QUARTER

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

(in Millions)

sales price was only 1.18% below the prior

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,373,936

-1.18%

$1,390,333

6.18%

$1,293,943

$1,148

-6.24%

$1,224

-3.00%

$1,184

$1,417,500

2.16%

$1,387,500

11.09%

$1,276,000

44

12

29

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

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

4Q 2020 Market Report | 17

BEDFORD-STUYVESANT (West) Townhouse Summary There were 10 townhouse transactions in

1 to 4 Family Townhouses

Bedford-Stuyvesant West this fourth quarter, which is a quarter of the volume from the same period a year ago. However, average

Average Sales Price

sales price was up 17.87% on the quarter at

Average Price Per Sq Ft

$1.75MM. Average PPSF was $647, which is

Median Sales Price

four-quarter trailing average is $593 PSF and

Number of Sales

just over $1.6MM gross.

16.74% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

(in Millions)

also above levels from the prior quarter. The

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,749,000

17.87%

$1,483,853

16.74%

$1,498,252

$647

13.57%

$570

15.19%

$562

$1,577,500

10.70%

$1,425,000

12.88%

$1,397,500

10

17

40

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

Condo Summary Condo transaction volume took a steep hit

Condominium Units

in this fourth quarter in Bedford-Stuyvesant West with only 4 deals. However, from a gains of 25.8% on the quarter to $933K, meanwhile average PPSF increased 6.48% to $837 PSF. The four-quarter trailing average is $819 PSF and just over $795K gross.

18.85% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

pricing standpoint, average sales price saw

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$933,875

25.80%

$742,364

18.85%

$785,753

$837

6.48%

$786

7.12%

$782

$910,250

17.00%

$778,000

19.38%

$762,500

4

20

24

$3.75

$2000 $2,000

$3.00

$1,600 $1600

$2.25

$1,200 $1200

$1.50

$800

$0.75

$400

$0.0

2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

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

4Q 2020 Market Report | 18

BEDFORD-STUYVESANT (East) Townhouse Summary Bedford-Stuyvesant East had 12 townhouse

1 to 4 Family Townhouses

transactions this quarter. Average sales price saw strong gains to $1.53MM; furthermore, PPSF increased by a similar degree of 32.53% to $560, performing above levels from the prior year. The four-quarter trailing average is $495 PSF and just under $1.3MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

9.67% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,538,042

34.49%

$1,143,611

14.49%

$1,343,398

$560

32.53%

$423

9.67%

$511

$1,427,500

32.18%

$1,080,000

19.46%

$1,195,000

12

21

47

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

Condo Summary Bedford-Stuyvesant East had 4 condo

Condominium Units

transactions this quarter. Compared with the prior quarter’s 3 transactions, this average almost 30% higher on a price per square foot basis. Compared with the prior year, however, average PPSF increased more significantly at 14.53%. The four-quarter trailing average is $638 PSF and just over $602K gross.

35.78% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

(in Millions)

sales price was 13% lower, despite being

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$612,750

-12.79%

$702,577

14.53%

$535,000

$762

29.62%

$588

35.78%

$561

$653,000

5.32%

$620,000

23.21%

$530,000

4

3

6

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

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

4Q 2020 Market Report | 19

DOWNTOWN BROOKLYN Townhouse Summary There were no townhouse transactions in

1 to 4 Family Townhouses

Downtown Brooklyn this quarter.

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

Average Sales Price

-

-

-

-

-

Average Price Per Sq Ft

-

-

-

-

-

Median Sales Price

-

-

-

-

-

Number of Sales

-

(in Millions)

4Q20

-

-

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

Condo Summary Condominium transactions in Downtown

Condominium Units

Brooklyn saw another 6 closings this quarter.

Although volume remains low and the closings some recovery on the quarter. Average PPSF had strong increases to $1,211 PSF, marking interest in newer high-end developments.

The four-quarter trailing average is $1,193 PSF and over $1.2MM gross.

3.56% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

(in Millions)

were 1-bedrooms, average sales price saw

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,049,132

4.69%

$1,002,167

-9.35%

$1,157,333

$1,211

12.02%

$1,081

3.56%

$1,169

$975,000

5.69%

$922,500

-15.22%

$1,150,000

6

6

18

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

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

4Q 2020 Market Report | 20

GREENPOINT Townhouse Summary Greenpoint saw 13 townhouse transactions

1 to 4 Family Townhouses

this fourth quarter. Average sales price was down by 2.35% on the quarter to $1.88MM. Conversely, average PPSF saw

Average Sales Price

gains of almost 20% in the same time. The

Average Price Per Sq Ft

four-quarter trailing average is $812 PSF and just under $2.0MM gross.

Median Sales Price

$901 AVERAGE PPSF THIS QUARTER

(in Millions)

Number of Sales

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,876,154

-2.35%

$1,921,250

-6.78%

$2,012,626

$901

19.66%

$753

7.28%

$840

$1,750,000

-8.74%

$1,917,500

-6.73%

$1,876,185

13

4

19

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

Condo Summary The fourth quarter in Greenpoint saw only

Condominium Units

5 condo transactions. Average sales price decreased for another quarter, steepening the divide from the prior year. Although average PPSF increased on the quarter to $1,310 PSF, it is still 5.37% below last year’s levels. The four-quarter trailing average is $1,211 PSF and under $1.2MM gross.

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

AVERAGE SALES PRICE THIS QUARTER

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,070,000

-1.56%

$1,086,934

-26.62%

$1,458,260

$1,310

17.61%

$1,114

-5.37%

$1,384

$800,000

-20.00%

$999,999

-34.89%

$1,228,750

5

11

24

$5$5.0

$2000 $2,000

$4$4.0

$1,600 $1600

$3.0 $3

$1,200 $1200

(in Millions)

$1.07MM

4Q20

$2$2.0

$800

$1$1.0

$400

$0.0 $0

2018 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

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

4Q 2020 Market Report | 21

WILLIAMSBURG Townhouse Summary Williamsburg saw a sustained rise in

1 to 4 Family Townhouses

townhouse transactions to 15 this quarter.

Average sales price was up strongly on the levels from last year. Average PPSF was $810 this quarter, which also signals recovery to last year’s PPSF. The four-quarter trailing average is $759 PSF and over $1.9MM gross.

8.45% AVERAGE PPSF DECREASE YEAR OVER YEAR

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

(in Millions)

quarter to $2.11MM and comparable with

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$2,110,833

28.18%

$1,646,747

1.44%

$2,080,818

$810

41.21%

$573

-8.45%

$884

$1,999,995

15.94%

$1,725,000

-9.09%

$2,200,000

15

9

11

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

Condo Summary Williamsburg saw 16 condo transactions

Condominium Units

this quarter, which is a new record low for the neighborhood. Average sales price year. Average PPSF saw declines on both periods, where the decrease on the year was 16.53%. The four-quarter trailing average is $1,135 PSF and just over $1.2MM gross.

$975 AVERAGE PPSF THIS QUARTER

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

(in Millions)

was down on the quarter, but level on the

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,073,556

-11.72%

$1,216,075

-0.68%

$1,080,891

$975

-9.69%

$1,079

-16.53%

$1,168

$982,500

-7.31%

$1,060,000

5.08%

$935,000

16

40

67

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0

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

4Q 2020 Market Report | 22

DUMBO Condo Summary There were 9 condo transactions this quarter

Condominium Units

in DUMBO, another slight increase from this year’s low volume. Average sales price was down on the quarter, but up on the year to $1.77MM. Meanwhile, PPSF was moderately

Average Sales Price

down on both periods at $1,269 PSF. The

Average Price Per Sq Ft

four-quarter trailing average is $1,329 PSF

Median Sales Price

and just under $2MM gross.

7.39% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

4Q20

%∆ (Qtr)

3Q20

%∆ (Yr)

4Q19

$1,772,056

-13.99%

$2,060,259

7.39%

$1,650,039

$1,269

-9.87%

$1,408

-7.58%

$1,373

$1,470,000

-19.67%

$1,830,000

-5.77%

$1,560,000

9

7

11

$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 20183Q2018 20184Q2019 20191Q2019 20192Q2019 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

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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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