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4Q21

BROWNSTONE BROOKLYN MARKET REPORT

Brownstone Brooklyn Market Report 4Q21 Dear Reader, After a record breaking 3rd quarter, the market is catching its breath, which is a good thing. While gross transaction volume for both townhouses and condominiums retreated from the previous quarter’s highs, townhouse volume was still beyond levels from all previous 4th quarters. Turnkey townhouses with generous amounts of private outdoor space and wide open main floor living areas were particularly in high demand.

Townhouses Just over $526MM worth of 1- to 4-family townhouses traded hands in 4Q21, versus $345MM during 4Q20, an increase of $181MM, or 52.6%. Over the same time frame transaction volume, 211 sales, increased by 65%, but sustained a decrease from 291 in 3Q21, which was a record. The average sales price moved up down by 7.4% to $2.495MM, year-over-year. A market-wide overview and notable transactions appear on page 12 of this report.

Condominiums Approximately $633MM worth of condominiums sold in 4Q21, versus $205MM during 4Q20, a significant increase of $428MM, or 209%. The number of transactions rose by 154%, year-over-year, but down by 36% over 3Q21. The average sales price increased by 21.5%. 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 me on Instagram @donaldbrennan.trustedadvisor where I 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 824 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

4Q 2021 Market Report | 4

BROWNSTONE BROOKLYN Townhouse Summary The townhouse market saw 211 closed sales

1 to 4 Family Townhouses

this period, which is lull from the prior quarter but still almost double the low from this time in both our price metrics, particularly by a 7.40% year-over-year decrease in average sales price to $2.49MM. The four-quarter trailing average is $889 PSF and just under $2.5MM gross.

$2.49MM AVERAGE SALES PRICE THIS QUARTER

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

(in Millions)

last year. This mild slowdown was reflected

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$2,495,544

-8.08%

$2,714,875

-7.40%

$2,694,998

$899

-5.41%

$950

1.56%

$885

$2,100,000

-7.69%

$2,275,000

-2.43%

$2,152,375

211

291

128

$30.0

$2500 $2,500

$24.0

$2,000 $2000

$18.0

$1,500 $1500

$12.0

$1,000 $1000

$6.0 $0.0

PPSF PRICE

$500 $500 $0

2019 3Q2020 4Q2021 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 2020 2020 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

Condo Summary Transaction volume in the condominium

Condominium Units

market took a moderate breather from last quarter’s highs at 422 deals this period. stop. Average sales price increased another 1.03% quarter-over-quarter, while average PPSF grew 4.01% to $1,330 PSF. The fourquarter trailing average is $1,259 PSF and over $1.4MM gross.

$1.50MM AVERAGE SALES PRICE THIS QUARTER

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

(in Millions)

However, gains on pricing metrics did not

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$1,500,798

1.03%

$1,485,429

21.53%

$1,234,929

$1,330

4.01%

$1,279

19.76%

$1,111

$1,233,970

-1.28%

$1,250,000

8.96%

$1,132,500

422

658

166

$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

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 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 2021 Market Report | 5

BROOKLYN HEIGHTS Townhouse Summary There were six closed townhouse deals this

1 to 4 Family Townhouses

fourth quarter. Average sales price decreased from the last quarter to $6.22MM, where between $4.95MM and $7.58MM. Average PPSF remained level at $1,591 PSF. The fourquarter trailing average is $1,537 PSF and under $6.6MM gross.

$1,591 AVERAGE PPSF THIS QUARTER

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

(in Millions)

the deals were 1- to 2-family resales closing

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$6,219,167

-12.00%

$7,067,500

-59.62%

$15,400,000

$1,591

-0.05%

$1,592

-10.14%

$1,771

$6,187,500

-7.99%

$6,725,000

-61.02%

$15,875,000

$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

2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

Condo Summary Brooklyn Heights saw 29 condo deals close

Condominium Units

this period, where the bulk of transactions were resales. Average sales price remained on the year. Meanwhile, average PPSF of $1,496 PSF was marginally down on the quarter, but up on the year. The four-quarter trailing average is $1,538 PSF and under $2.8MM gross.

$2.45MM AVERAGE SALES PRICE THIS QUARTER

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

(in Millions)

level on the quarter but was down 20.41%

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$2,454,490

0.20%

$2,449,607

-20.41%

$3,083,750

$1,496

-0.95%

$1,510

5.13%

$1,423

$2,233,000

-7.63%

$2,417,500

-9.96%

$2,480,000

$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

20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 2019 1Q2021 2Q2021 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

4Q 2021 Market Report | 6

COBBLE HILL Townhouse Summary There were seven townhouse transactions

1 to 4 Family Townhouses

in Cobble Hill this quarter, where another 3 deals occurred in the realm of $6.5MM. Average sales price was $4.82MM, propped up by continued demand in the neighborhood. Average PPSF dipped 2.61% on the quarter but was still strongly above levels the prior year at $1,378 PSF. The fourquarter trailing average is $1,335 PSF and

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

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$4,816,498

-1.76%

$4,902,636

94.61%

$2,475,000

$1,378

-2.61%

$1,415

14.90%

$1,199

$4,700,000

9.30%

$4,300,000

75.70%

$2,675,000

over $4.4MM 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)

14.90%

$9.0.0 $9.0

$0.0 $0.0.0

2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary The fourth quarter in Cobble Hill saw 8 closed

Condominium Units

sales. The introduction of new development product, especially those with unique private outdoor spaces, positively skewed our price metrics. The penthouse deal at 5 River Park is the top notable deal listed on page 13. Average sales price increased to $2.50MM, while average PPSF was $1,598 PSF. The four-quarter trailing average is $1,366 PSF

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

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$2,500,743

35.44%

$1,846,369

142.44%

$1,031,500

$1,598

15.19%

$1,388

39.65%

$1,144

$1,275,000

-0.97%

$1,287,500

38.66%

$919,500

and over $1.7MM gross.

AVERAGE PPSF INCREASE YEAR OVER YEAR

$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)

39.65%

$7.0

$0.0 $0.0.0

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

4Q 2021 Market Report | 7

CARROLL GARDENS Townhouse Summary Carroll Gardens saw another strong period

1 to 4 Family Townhouses

on the townhouse front at 14 recorded deals. Average sales price decreased 16.11% on the quarter to return to levels comparable with the prior year at $3.11MM, readjusting from last quarter’s positive skew from three fully rebuilt properties trading north of $6MM. A similar adjustment was seen for average PPSF back to $1,140 PSF. The four-

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

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$3,112,407

-16.11%

$3,710,033

-1.19%

$3,149,792

$1,140

-14.69%

$1,336

5.92%

$1,076

$3,089,350

-0.34%

$3,100,000

8.40%

$2,850,000

quarter trailing average is $1,180 PSF and

5.92% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

just under $3.5MM gross.

$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

2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Fourteen condo transactions closed in

Condominium Units

Carroll Gardens this quarter, showing persisting strength in its condo market. on the quarter to $1.28MM, it was due to an increase of smaller unit sizes trading. As a result, average PPSF was up 12.50% to $1,327 PSF. The four-quarter trailing average is $1,247 PSF and over $1.4MM gross.

$1,327 AVERAGE PPSF THIS QUARTER

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

(in Millions)

While average sales price decreased 21.18%

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$1,278,857

-21.18%

$1,622,462

4.92%

$1,218,857

$1,327

12.50%

$1,179

9.85%

$1,208

$1,220,000

-6.15%

$1,300,000

-1.41%

$1,237,500

$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

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

4Q 2021 Market Report | 8

COLUMBIA STREET WATERFRONT DISTRICT Townhouse Summary There were no townhouse transactions in

1 to 4 Family Townhouses

CSWD this quarter. The four-quarter trailing

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

Average Sales Price

-100.00%

$2,662,500

-100.00%

$1,650,000

Average Price Per Sq Ft

-100.00%

$1,437

-100.00%

$1,153

Median Sales Price

-100.00%

$2,662,500

-100.00%

$1,650,000

Number of Sales

-100.00%

gross.

$1,189 AVERAGE PPSF TRAILING OVER FOUR QUARTERS

(in Millions)

average is $1,189 PSF and just over $2.2MM

$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

2019 3Q2020 4Q2021 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 2020 2020 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Columbia Street Waterfront District saw 9

Condominium Units

condo transactions this quarter. Average sales price was $1.12MM, which was quarter’s flurry of deals. With that said, average PPSF was level on the quarter and marginally up on the year. The four-quarter trailing average is $1,139 PSF and just under $1.3MM gross.

$1,133 AVERAGE PPSF THIS QUARTER

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

(in Millions)

25.61% lower than levels from the prior

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$1,115,394

-25.61%

$1,499,320

-5.79%

$1,184,000

$1,133

0.48%

$1,128

2.77%

$1,103

$953,000

-33.36%

$1,430,000

-21.72%

$1,217,500

$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

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2021 Market Report | 9

BOERUM HILL Townhouse Summary In Boerum Hill, there were only 2 recorded

1 to 4 Family Townhouses

townhouse transactions this quarter. Between the two deals, average sales price which were both significant decreases from the prior quarter’s highs. The four-quarter trailing average is $1,189 PSF and over $3.2MM gross.

8.31% AVERAGE PPSF DECREASE YEAR OVER YEAR

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

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$2,835,000

-25.71%

$3,816,077

-16.30%

$3,387,175

$964

-26.69%

$1,314

-8.31%

$1,051

$2,835,000

-10.00%

$3,150,000

-18.42%

$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)

was $2.84MM and average PPSF was $964,

4Q21

$0.0 $0.0

2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Boerum Hill saw 23 condo transactions this

Condominium Units

fourth quarter. Average sales price was down 6.07% on the quarter, and even more so on the year. While average PPSF was down 2.82% on the quarter, it was up 1.10% on the year. The four-quarter trailing average is $1,329 PSF and under $1.6MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

$1.48MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

Number of Sales

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$1,477,188

-6.07%

$1,572,714

-18.03%

$1,802,156

$1,312

-2.82%

$1,350

1.10%

$1,298

$1,235,356

-20.04%

$1,545,000

-7.03%

$1,328,782

$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

2019 2021 1Q 2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2021 Market Report | 10

GOWANUS Townhouse Summary Gowanus had another 6 townhouse

1 to 4 Family Townhouses

transactions this quarter. Compared with last quarter, average sales price and average with the last year, both were still significantly up, 20.71% and 11.54%, respectively. The four-quarter trailing average is $1,042 PSF and over $2.3MM gross.

$1,151 AVERAGE PPSF THIS QUARTER

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

(in Millions)

PPSF were both down. However, compared

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$2,306,500

-12.44%

$2,634,210

20.71%

$1,910,833

$1,151

-5.93%

$1,223

11.54%

$1,032

$1,987,500

-28.05%

$2,762,500

18.48%

$1,677,500

$5.0

$2,500

$4.0

$2,000

$3.0

$1,500

$2.0

$1,000

$1.0

$500

$0.0

2019 3Q2020 4Q2021 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 2020 2020 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Gowanus saw only 3 condo transactions

Condominium Units

this fourth quarter, one of which was a 3-bedroom transaction at 337 Carroll St average sales price and average PPSF are explained by the outlier’s presence in the small sample. The four-quarter trailing average is $1,161 PSF and just over $1.0MM gross.

6.61% AVERAGE PPSF INCREASE QUARTER OVER QUARTER

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

(in Millions)

closing at $2.2MM. Strong increases in

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$1,245,167

17.45%

$1,060,126

43.46%

$867,960

$1,197

6.61%

$1,122

13.92%

$1,050

$810,500

-25.64%

$1,090,000

7.45%

$754,298

$5.0

$2000 $2,000

$4.0

$1,600 $1600

$3.0

$1,200 $1200

$2.0

$800

$1.0

$400

$0.0

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2021 Market Report | 11

FORT GREENE Townhouse Summary Fort Greene had only 7 closed deals

1 to 4 Family Townhouses

this quarter, a drop in volume from the third quarter’s frenzy. The calming of decreasing average sales price to $2.30MM and average PPSF to $951. The four-quarter trailing average is $990 PSF and just under $3.2MM gross.

16.39% AVERAGE PPSF DECREASE QUARTER OVER QUARTER

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

(in Millions)

this neighborhood was also reflected in

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$2,302,857

-35.59%

$3,575,208

-8.38%

$2,513,565

$951

-16.39%

$1,137

6.42%

$893

$1,999,999

-43.06%

$3,512,500

-8.05%

$2,175,000

$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

2019 3Q2020 4Q2021 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 2020 2020 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Fort Greene saw 8 condo transactions this

Condominium Units

quarter, which were 1- and 2-bedrooms. Average sales price increased on both PPSF increased by 18.89% quarter-overquarter to $1,284 PSF. The four-quarter trailing average is $1,103 PSF and under $1.2MM gross.

9.74% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

periods to $1.19MM. Furthermore, average

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$1,188,250

5.64%

$1,124,808

9.74%

$1,082,783

$1,284

18.89%

$1,080

13.49%

$1,131

$973,000

-0.71%

$980,000

-9.45%

$1,074,500

$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

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 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

$1,591

$6,219,167

3,929

509

$37,315,000

Cobble Hill

$1,378

$4,816,498

3,479

987

$33,715,488

Park Slope

$1,052

$3,156,201

3,014

5,588

$116,779,435

18%

Carroll Gardens

$1,140

$3,112,407

2,905

1,461

$43,573,700

Prospect Heights

$1,261

$3,045,000

2,443

925

$18,270,000

Boerum Hill

$964

$2,835,000

2,949

810

$5,670,000

Clinton Hill

$879

$2,376,667

2,712

1,376

$28,520,000

Greenpoint

$871

$2,343,750

2,805

2,199

$28,124,999

$1,151

$2,306,500

2,363

984

$13,839,000

Fort Greene

$951

$2,302,857

2,511

1,260

$16,119,999

Williamsburg

$913

$2,217,568

2,774

3,099

$48,786,500

10%

Bedford-Stuyvesant West

$667

$1,859,600

2,872

4,397

$52,068,800

13%

Bedford-Stuyvesant East

$629

$1,611,095

2,605

6,863

$83,776,935

25%

Downtown Brooklyn

Columbia Water District

204

DUMBO

$899

$2,495,544

2,822

30,741

$526,559,856

211

100%

Market*

Gowanus

ALL

* Ranked by “Average Sales Price”

Top 5 Townhouse Sales By Sales Price Rank

Address

Neighborhood Sales Price

Top 5 Townhouse Sales By Price Per Square Foot Square Feet

$PSF

Rank

Address

Neighborhood

Sales Price

Square Feet

$PSF

43 Garden Pl

Brooklyn Heights

$7,575,000

4,920

$1,540

132 S 1st St

Williamsburg

$3,650,000

2,400

$2,535

20 Prospect Park W

Park Slope

$7,125,000

4,717

$1,510

28 2nd St

Carroll Gardens

$5,200,000

2,995

$2,281

143 Willow St

Brooklyn Heights

$7,100,000

4,160

$1,707

148 Baltic St

Cobble Hill

$6,250,000

3,200

$1,953

13 Pineapple St

Brooklyn Heights

$6,700,000

4,265

$1,571

184 11th St

Gowanus

$2,150,000

2,400

$1,920

31 Strong Pl

Cobble Hill

$6,500,000

4,947

$1,314

4 Hunts Ln

Brooklyn Heights

$5,315,000

3,000

$1,772

4Q 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

Cobble Hill

$1,598

$2,500,743

1,330

669

$20,005,947

DUMBO

$1,536

$2,303,208

1,422

1,266

$59,883,395

Brooklyn Heights

$1,496

$2,454,490

1,590

950

$71,180,196

Downtown Brooklyn

$1,474

$1,374,907

927

1,742

$120,991,850

21%

Prospect Heights

$1,348

$1,856,571

1,313

1,544

$25,992,000

Williamsburg

$1,346

$1,495,480

1,110

9,805

$143,566,094

23%

Greenpoint

$1,337

$1,177,433

884

1,313

$17,661,500

Carroll Gardens

$1,327

$1,278,857

963

733

$17,904,000

Park Slope

$1,316

$1,481,689

1,095

3,017

$44,450,667

Boerum Hill

$1,312

$1,477,188

1,114

907

$33,975,328

Fort Greene

$1,284

$1,188,250

915

879

$9,506,000

Gowanus

$1,197

$1,245,167

1,003

610

$3,735,500

Columbia Water District

$1,133

$1,115,394

966

746

$10,038,549

Clinton Hill

$1,121

$1,044,400

921

1,064

$15,666,000

Bedford-Stuyvesant East

$899

$815,667

946

450

$4,894,000

Bedford-Stuyvesant West

$868

$891,731

1,064

2,675

$33,885,785

$1,330

$1,500,798

1,100

28,370

$633,336,811

422

100%

Market*

ALL

* Ranked by “Average Price Per Sq Ft”

Top 5 Condominium Sales By Sales Price

Top 5 Condominium Sales By Price Per Square Foot

Address

Neighborhood

Sales Price

347 Henry St #PH

Cobble Hill

$7,890,397

3,346 $2,358

1 138 Willoughby St #65C Downtown Brooklyn $2,138,079

2 50 Bridge Park Dr #PH3B Brooklyn Heights $7,000,000

2,904 $2,410

2 50 Bridge Park Dr #PH3B

3 168 Plymouth St #PHA

$6,800,000

3,062 $2,221

347 Henry St #PH

Cobble Hill

$7,890,397 3,346 $2,358

4 550 Vanderbilt Ave #PHW Prospect Heights $5,850,000

2,859 $2,046

168 Plymouth St #PHB

DUMBO

$4,450,000 1,922 $2,315

5 168 Plymouth St #PHB

1,922 $2,315

5 280 Metropolitan Ave #PHD

Williamsburg

$3,800,000 1,698 $2,238

Rank 1

DUMBO

$4,450,000

Square $PSF Feet

Rank

Address

Neighborhood

Sales Price

Square $PSF Feet 750 $2,851

Brooklyn Heights $7,000,000 2,904 $2,410

4Q 2021 Market Report | 14

CLINTON HILL Townhouse Summary Clinton Hill saw 12 townhouse transactions

1 to 4 Family Townhouses

this quarter. Average sales price saw increases of 2.31% on the quarter but was still down substantially on the year. Average

Average Sales Price

PPSF was 1.09% higher quarter-over-

Average Price Per Sq Ft

quarter. The four-quarter trailing average is $885 PSF and just over $2.5MM gross.

Median Sales Price

$2.38MM AVERAGE SALES PRICE THIS QUARTER

(in Millions)

Number of Sales

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$2,376,667

2.31%

$2,323,077

-19.80%

$2,963,250

$879

1.09%

$870

-9.95%

$977

$2,275,000

-7.14%

$2,450,000

-13.66%

$2,635,000

$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

2019 3Q2020 4Q2021 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 2020 2020 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary There were 15 condo transactions this

Condominium Units

quarter in Clinton Hill. Although average sales price was down on the quarter and on the year at $1.04MM, average PPSF was up on both periods at $1,121 PSF. The fourquarter trailing average is $1,086 PSF and over $1.1MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

12.67% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$1,044,400

-15.62%

$1,237,750

-14.32%

$1,219,000

$1,121

2.60%

$1,093

12.67%

$995

$930,000

-22.50%

$1,200,000

-27.77%

$1,287,500

$3.75 $3.75

$2000 $2,000

$3.00 $3.00

$1,600 $1600

$2.25 $2.25

$1,200 $1200

$1.50 $1.50

$800

$0.75 $0.75

$400

$0.0 $0.00

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2021 Market Report | 15

PROSPECT HEIGHTS Townhouse Summary There were 6 townhouse transactions this

1 to 4 Family Townhouses

quarter in Prospect Heights. Average sales price of $3.05MM increased for another More significantly, average PPSF continued its strong climb up over levels from last year to $1,261 PSF. The four-quarter trailing average is $1,110 PSF and just over $2.9MM gross.

45.47% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

(in Millions)

quarter but was down 3.60% on the year.

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$3,045,000

3.75%

$2,935,000

-3.60%

$3,158,750

$1,261

2.71%

$1,227

45.47%

$867

$2,960,000

-1.33%

$3,000,000

-14.14%

$3,447,500

$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

2019 3Q2020 4Q2021 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 2020 2020 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Prospect Heights only saw 14 condo transactions

this

quarter.

Condominium Units

Although

transaction volume decreased, it appears that buyers were shifting towards purchasing larger unit sizes at higher price points. As such, average sales price was up 16.95% on the quarter to $1.86MM, meanwhile average PPSF increased 5.37% to $1,348 PSF. The four-quarter trailing average is

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

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$1,856,571

16.95%

$1,587,526

77.26%

$1,047,392

$1,348

5.37%

$1,280

28.71%

$1,048

$1,656,000

7.18%

$1,545,000

90.73%

$868,250

$1.57MM AVERAGE SALES PRICE OVER TRAILING FOUR QUARTERS

(in Millions)

$1,253 PSF and over $1.5MM gross. $6.0

$2000 $2,000

$4.8

$1,600 $1600

$3.6

$1,200 $1200

$2.4

$800

$1.2

$400

$0.0 $0.0

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2021 Market Report | 16

PARK SLOPE Townhouse Summary Park Slope had 37 recorded townhouse deals

1 to 4 Family Townhouses

this fourth quarter, which was almost 40% less than last quarter’s volume. Average sales but was significantly up on the year. Average PPSF at $1,052 PSF was also down on the quarter and up on the year, but by lesser degrees. The four-quarter trailing average is $1,101 PSF and over $3.1MM gross.

5.63% AVERAGE PPSF DECREASE QUARTER OVER QUARTER

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

(in Millions)

price decreased moderately on the quarter

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$3,156,201

-4.17%

$3,293,672

22.31%

$2,580,388

$1,052

-5.63%

$1,115

11.97%

$940

$3,300,000

10.00%

$3,000,000

34.56%

$2,452,440

$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

2019 3Q2020 4Q2021 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 2020 2020 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

Condo Summary Park Slope saw only 30 condo transactions

Condominium Units

this fourth quarter, which was 60% less than last period’s volume. However, pricing wise, sales price was up on the year to $1.48MM, meanwhile average PPSF was up 15.87% to $1,316 PSF. The four-quarter trailing average is $1,269 PSF and over $1.4MM gross.

$1,316 AVERAGE PPSF THIS QUARTER

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

(in Millions)

the neighborhood saw increases. Average

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$1,481,689

-1.38%

$1,502,435

9.53%

$1,352,723

$1,316

1.33%

$1,299

15.87%

$1,136

$1,360,000

-6.21%

$1,450,000

-2.86%

$1,400,000

$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

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2021 Market Report | 17

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

1 to 4 Family Townhouses

in Bedford-Stuyvesant West this fourth quarter, which was half as many of the strong resurgence of activity last quarter.

Average Sales Price

That said, average sales price continued to

Average Price Per Sq Ft

climb, now to $1.86MM. Average PPSF also

Median Sales Price

four-quarter trailing average is $645 PSF

Number of Sales

and over $1.7MM gross.

5.03% AVERAGE SALES PRICE INCREASE QUARTER OVER QUARTER

(in Millions)

increased, but marginally, to $667 PSF. The

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$1,859,600

5.03%

$1,770,585

6.32%

$1,749,000

$667

1.62%

$657

3.16%

$647

$1,616,500

1.41%

$1,593,969

2.47%

$1,577,500

$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

2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Condo transaction volume in Bedford-

Condominium Units

Stuyvesant West fell further this quarter to 38. However, while average sales price decreased moderately on both periods to $891K, average PPSF increased to $868 PSF. The four-quarter trailing average is $822 PSF and just over $951K gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

3.62% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$891,731

-9.59%

$986,369

-4.51%

$933,875

$868

4.04%

$834

3.62%

$837

$887,500

-0.28%

$890,000

-2.50%

$910,250

$3.75

$2000 $2,000

$3.00

$1,600 $1600

$2.25

$1,200 $1200

$1.50

$800

$0.75

$400

$0.0

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2021 Market Report | 18

BEDFORD-STUYVESANT (East) Townhouse Summary Bedford-Stuyvesant East had 52 townhouse

1 to 4 Family Townhouses

transactions this quarter, which is an increase from last quarter. Across the two and average PPSF, the neighborhood also saw increases in price, most notably when compared with the prior year. The fourquarter trailing average is $591 PSF and just over $1.5MM gross.

4.75% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$1,611,095

4.62%

$1,539,910

4.75%

$1,538,042

$629

5.02%

$599

12.29%

$560

$1,600,000

7.56%

$1,487,500

12.08%

$1,427,500

$3.75 $3.75

$1500 $1,500

$3.0 $3.00

$1,200 $1200

$2.25 $2.25

$900 $900

$1.50 $1.50

$600 $600

$0.75 $0.75

$300 $300

(in Millions)

periods we look at for average sales price

4Q21

$0.0 $0.00

2019 3Q2020 4Q2021 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 2020 2020 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

$0 $0

Condo Summary Bedford-Stuyvesant East had only 6 condo

Condominium Units

transactions this fourth quarter. Across the few deals, average sales price increased Meanwhile, average PPSF saw further gains over last quarter to $899 PSF. The fourquarter trailing average is $835 PSF and just over $731K gross.

33.12% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

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

(in Millions)

by 10.11% quarter-over-quarter to $816K.

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$815,667

10.11%

$740,755

33.12%

$612,750

$899

4.73%

$858

17.97%

$762

$834,000

9.88%

$759,000

27.72%

$653,000

$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

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2021 Market Report | 19

DOWNTOWN BROOKLYN Townhouse Summary There were no townhouse transactions in

1 to 4 Family Townhouses

Downtown Brooklyn this quarter. The four-

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

Average Sales Price

-100.00%

$2,700,000

Average Price Per Sq Ft

-100.00%

$748

Median Sales Price

-100.00%

$2,700,000

Number of Sales

just under $3.5MM gross.

$1,177 AVERAGE PPSF TRAILING OVER FOUR QUARTERS

(in Millions)

quarter trailing average is $1,177 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

2019 3Q2020 4Q2021 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 2020 2020 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Condominium transactions in Downtown

Condominium Units

Brooklyn saw 88 closes this quarter, again largely led by the new development condo buildings at 11 Hoyt and Brooklyn Point. Approaching tax abatement expirations contributed to a release of resales as investors look to divest. Average sales price was down on the quarter, but up significantly on the year. Average PPSF was

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

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$1,374,907

-7.21%

$1,481,679

31.05%

$1,049,132

$1,474

0.07%

$1,473

21.75%

$1,211

$1,161,948

-12.31%

$1,325,000

19.17%

$975,000

123

level on the quarter, and up on the year. The four-quarter trailing average is $1,485 PSF

21.75%

AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

and just under $1.5MM 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

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2021 Market Report | 20

GREENPOINT Townhouse Summary Greenpoint saw another drop in townhouse

1 to 4 Family Townhouses

transactions this quarter to 12. Average sales price was $2.34MM, which was substantially up on both periods. Average PPSF increased

Average Sales Price

14.45% to $871 PSF from the prior quarter.

Average Price Per Sq Ft

The four-quarter trailing average is $836 PSF and just over $1.9MM gross.

Median Sales Price

27.90% AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$2,343,750

27.90%

$1,832,500

27.90%

$1,832,500

$871

14.45%

$761

-2.25%

$891

$2,000,000

6.95%

$1,870,000

14.29%

$1,750,000

$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

2019 3Q2020 4Q2021 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 2020 2020 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary The fourth quarter in Greenpoint saw 15

Condominium Units

condo transactions. Although average sales price was down moderately on the quarter, it was up on the year by 10.04%. Average PPSF was $1,337, which increased on both periods. The four-quarter trailing average is $1,266 PSF and just over $1.2MM gross.

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

AVERAGE SALES PRICE THIS QUARTER

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$1,177,433

-9.20%

$1,296,789

10.04%

$1,070,000

$1,337

5.71%

$1,265

2.11%

$1,310

$1,170,000

0.43%

$1,165,000

46.25%

$800,000

$5$5.0

$2000 $2,000

$4$4.0

$1,600 $1600

$3.0 $3

$1,200 $1200

(in Millions)

$1.18MM

4Q21

$2$2.0

$800

$1$1.0

$400

$0.0 $0

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2021 Market Report | 21

WILLIAMSBURG Townhouse Summary Williamsburg

saw

townhouse

1 to 4 Family Townhouses

transactions this quarter. Average sales price increased 15.10% on the quarter a similar degree on the quarter but was markedly up on the year to $913 PSF. The four-quarter trailing average is $836 PSF and just over $1.9MM gross.

17.28% AVERAGE PPSF INCREASE YEAR OVER YEAR

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

(in Millions)

to $2.22MM. Average PPSF increased by

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$2,217,568

15.10%

$1,926,704

4.22%

$2,127,678

$913

10.47%

$826

17.28%

$778

$1,945,000

5.14%

$1,850,000

-6.83%

$2,087,498

$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

2019 3Q2020 4Q2021 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 2020 2020 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

Condo Summary Williamsburg saw 96 condo transactions this

Condominium Units

quarter, which, while significantly less than last quarter’s highs, is still largely up from pandemic lows. Average sales price and PPSF have continued to rise, notably average PPSF to $1,346. The four-quarter trailing average is $1,227 PSF and just over $1.3MM gross.

Average Sales Price Average Price Per Sq Ft Median Sales Price

36.44% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

Number of Sales

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$1,495,480

3.08%

$1,450,837

44.80%

$1,032,758

$1,346

2.57%

$1,312

36.44%

$986

$1,352,659

8.21%

$1,250,000

39.45%

$970,000

150

$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

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

PPSF PRICE

4Q 2021 Market Report | 22

DUMBO Condo Summary There were an impressive 26 condo

Condominium Units

transactions this quarter in DUMBO. The strong activity was brought on by numerous 2- and 3-bedroom deals occurring at the new development project, 168 Plymouth,

Average Sales Price

which translated to increases on average

Average Price Per Sq Ft

sales price to $2.30MM and average PPSF

Median Sales Price

to $1,536 for the neighborhood. The fourquarter trailing average is $1,469 PSF and

Number of Sales

4Q21

%∆ (Qtr)

3Q21

%∆ (Yr)

4Q20

$2,303,208

13.88%

$2,022,402

30.45%

$1,765,625

$1,536

14.67%

$1,340

24.34%

$1,236

$2,171,335

30.80%

$1,660,000

60.54%

$1,352,500

24.34% AVERAGE PPSF INCREASE YEAR OVER YEAR

(in Millions)

just under $2.0MM gross. $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

2019 1Q2021 2Q2021 20193Q2019 20194Q2020 20201Q2020 20202Q2020 20203Q2020 20204Q2021 2021 2021 20213Q2021 20214Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

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 824 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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Cover Photo by Peter Peirce

Engel & Völkers Brownstone Brooklyn 4Q21 Market Report