Engel & Völkers Brownstone Brooklyn 4Q22 Market Report

Brownstone Brooklyn Market Report 4Q22

Dear Reader,

As we closed out the 2022 year, the 4th quarter in our Brooklyn townhouse and condominium sectors saw declines in both pricing and transaction volume. For the townhouse sector, the average sales price retreated to more consistent levels with the prior two years, coming down from 3Q22’s record high which broke the $3MM and $1,000 PSF mark for the first time. For condominiums, the average sales price declined by almost 6% on the quarter, and transaction volume saw just over 300 deals close, the lowest recorded since 1Q21.

Townhouses

Just over $481MM worth of 1- to 4-family townhouses traded hands in 4Q22, versus $526MM during 4Q21, a decrease of $45MM, or 8.5%. Over the same time frame, transaction volume, 179 sales, decreased by 15.2%. The average sales price retreated from the prior quarter’s record high over $3.1M, by 15.4% to $2.6MM, year-over-year. A market-wide overview and notable transactions appear on page 12 of this report.

Condominiums

Approximately $462MM worth of condominiums sold in 4Q22, versus $633MM during 4Q21, a significant decrease of $171MM, or 26.9%. Similarly, the number of transactions decreased, but to even a greater degree, 28.7%, year-over-year. The average sales price was -5.6% down from the prior quarter in 3Q22, but still a 2.5% increase year-over-year. A market-wide overview and other notable condominium transactions appear on page 13 of this report.

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 nstagram: @donaldbrennan.trustedadvisor

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

Townhouse Summary

The townhouse market saw 179 closed sales this period, a 24.47% decrease from the third quarter, a sharp cry from 3Q21’s record high of 291 deals mid-pandemic. Breaking the trend of four straight quarters of price increases, this quarter’s average sales price and PPSF both turned the notch back down to $2.69MM and $943 PSF, respectively. The four-quarter trailing average is $977 PSF and just over $2.8MM gross.

1 to 4 Family Townhouses

Average Sales Price

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

$2,691,777 -15.35% $3,179,774 7.86% $2,495,544

Average Price Per Sq Ft $943 -11.27% $1,062 4.90% $899

Median Sales Price $2,325,000 -13.73% $2,695,000 10.71% $2,100,000

Number of Sales 179 237 211

AVERAGE SALES PRICE THIS QUARTER

Condo Summary

Transaction volume in the condominium market saw 301 recorded deals this quarter, a 42.78% decrease in volume versus the prior quarter. While average price metrics came down on the quarter, both were still up on the year by an average of 2.78%. The fourquarter trailing average is $1,368 PSF and under $1.6MM gross.

(in Millions) $2.69MM

$2000

$1500

$12.0 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

Condominium Units

$6.0

$2500 $2,500 $2,000 $1,500 $1,000 $500 $0

$30.0 $24.0 $18.0 PPSF PRICE 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q

$1000

$500

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $1,538,176 -5.59% $1,629,241 2.49% $1,500,798 Average Price Per Sq Ft $1,371 -1.02% $1,386 3.08% $1,330

Median Sales Price $1,290,000 -7.86% $1,400,000 4.54% $1,233,970

$16

$12

$20.0 $16.0 $12.0 $8.0 $4.0 $0.0 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q $1.54MM

$1600

$1200

$8

$800

$2000 $2,000 $1,600 $1,200 $ 800 $400 $0 BROWNSTONE BROOKLYN AVERAGE SALES PRICE THIS QUARTER

(in Millions) PPSF PRICE $0

$20 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

$4

$400

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.

BROOKLYN HEIGHTS

Townhouse Summary

There were five recorded townhouse sales this quarter, where over half occurred under $6MM. On average, these closed homes were much smaller than the prior quarter, so the average sales price was cut in half to just over $5.4MM. Without the same scale and grandeur, average PPSF was just $1,310 PSF this quarter, which is a sign of the cooling townhouse market. The four-quarter trailing average is $1,808 PSF and over $7.57MM gross.

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $5,420,000 -50.83% $11,021,875 -12.85% $6,219,167

Average Price Per Sq Ft $1,310 -43.64% $2,324 -17.70% $1,591

Median Sales Price $4,200,000 -60.00% $10,500,000 -32.12% $6,187,500

Number of Sales 5 8 6

Condo Summary

Brooklyn Heights saw 13 condo deals close this period, with the majority still coming from the new developments at One Clinton and Quay Tower. Larger units like 3+ bedrooms on higher floors trading resulted in a continued rise in our average sales price and PPSF pricing metrics to $3.36MM and $1,722 PSF, respectively. The four-quarter trailing average is $1,570 PSF and over $2.9MM gross.

$12 SALES PRICE

$16 QUARTER

$20 $5.42MM AVERAGE PPSF THIS QUARTER

Condominium Units

$3200

$4000 $30.0 $24.0 $18.0 $12.0 $6.0 $0.0

$2400

$4,000 $3,200 $2,400 $1,600 $800 $0

$1600

$800

PPSF PRICE 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $3,357,031 22.09% $2,749,693 36.77% $2,454,490 Average Price Per Sq Ft $1,722 10.18% $1,563 15.15% $1,496

Median Sales Price $3,000,000 28.56% $2,333,488 34.35% $2,233,000

Number of Sales 13 18 29

2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 $1,722

$1,600

$1,200 $

(in Millions) PPSF PRICE $0

2021 1Q 2020 4Q 2020 3Q $0 $400 $800 $1200 $1600 $2000 $20.0 $16.0 $12.0 $8.0 $4.0 $0.0 $2,000

$8 2Q

800

$4

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.

COBBLE HILL

Townhouse Summary

There were only three townhouse transactions in Cobble Hill this quarter, all 3- to 4-family townhouses. Unsurprisingly, compared to last quarter’s closed sales with only renovated 1- to 2-family townhouses, average sales price was significantly down on the quarter to just over $3.6MM. Average PPSF was also down significantly, by 42.22%, quarter-over-quarter to just over $1,000 PSF. The four-quarter trailing average is $1,386 PSF and just over $4.65MM gross.

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $3,633,000 -39.72% $6,027,000 -24.57% $4,816,498

Average Price Per Sq Ft $1,066 -42.22% $1,845 -22.62% $1,378

Median Sales Price $2,949,000 -49.59% $5,850,000 -37.26% $4,700,000

Number of Sales 3 5 7

$2,500 $1,066

$2,000 $1,500 $1,000 $500

$2500 $9.0 $7.2 $5.4 $3.6 $1.8 $0.0 AVERAGE PPSF THIS QUARTER

Condo Summary

Cobble Hill saw only 7 closed condo sales this quarter, less than half as many than the prior quarter. Average sales price saw decreases by 15.37% on the quarter to $1.53MM, and average PPSF to $1,303 PSF. Compared with pricing from the prior year, this quarter shows signs of continued cooling. The four-quarter trailing average is $1,465 PSF and just over $2MM gross.

Condominium Units

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $1,533,857 -15.37% $1,812,368 -38.66% $2,500,743

Average Price Per Sq Ft $1,303 -3.88% $1,356 -18.47% $1,598

Median Sales Price $1,550,000 4.55% $1,482,500 21.57% $1,275,000

Number of Sales 7 18 8

$0 PPSF PRICE 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q (in Millions) PPSF PRICE 2022 4q 2022 3Q 2022

3Q 2021 4Q 2022 2Q 2022 3Q (in Millions)

$0 $400 $800 $1200 $1600 $2000 $8.0 $6.4 $4.8 $3.2 $1.6 $0.0 $2,000 $1,600 $1,200 $ 800 $400 $0 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q

2022 1Q

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.

CARROLL GARDENS

Townhouse Summary

Carroll Gardens saw half as many deals on the townhouse front at 9 recorded deals this quarter. While average sales price and PPSF degreased versus the prior third quarter, the averages are notably higher than this time last year. The average Carroll Gardens townhouse this quarter was just over $3.3MM. The fourquarter trailing average is $1,253 PSF and just over $3.7MM gross.

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $3,302,111 -22.62% $4,267,333 6.10% $3,112,407

Average Price Per Sq Ft $1,298 -2.29% $1,328 13.82% $1,140

Median Sales Price $3,125,000 -20.13% $3,912,500 1.15% $3,089,350

Number of Sales 9 18 14

Condo Summary

Ten condo transactions closed in Carroll Gardens this quarter. While average sales price and PPSF decreased on the quarter, both metrics were up on the year, most notably average sales price by 44.88%. The four-quarter trailing average is $1,348 PSF and just over $1.75MM gross.

$8.0

$10.0 $0

$2000

$6.0

$1500

$2,500 $2,000 $1,500 $1,000 $500 $0

$2500 $10.0 $8.0 $6.0 $4.0 $2.0 $0.0

Condominium Units

$1000

PPSF PRICE 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q

$500

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $1,852,750 -13.11% $2,132,286 44.88% $1,278,857

Average Price Per Sq Ft $1,419 -2.64% $1,458 6.99% $1,327

Median Sales Price $1,805,000 -0.14% $1,807,500 47.95% $1,220,000

Number of Sales 10 14 14

$5.0

$1600 $1.85MM

$4.0

$3.0

$2000 $5.0 $4.0 $3.0 $2.0 $1.0 $0.0 AVERAGE PPSF THIS QUARTER

(in Millions) PPSF PRICE $0.0

2022 2Q 2022 3Q (in Millions)

$1200 AVERAGE SALES PRICE THIS QUARTER

$2.0 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q

$1.0

$400

$0

$2,000 $1,600 $1,200 $ 800 $400 $0 2022 $1,298

1Q 2022 4Q 2020 3Q 2020 4Q 2021

2022 4q 2022 3Q 2022

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.

COLUMBIA STREET WATERFRONT DISTRICT

Townhouse Summary

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price - - $2,897,500 - -

Average Price Per Sq Ft - - $1,133 - -

Median Sales Price - - $2,897,500 - -

There were no townhouse transactions in CSWD this quarter. The four-quarter trailing average is $1,064 PSF and just under $2.6MM gross. Columbia Street Waterfront District saw only 6 condo transactions this quarter. Average sales price declined, for the first time in two years to under $1MM, at $914K. Average PPSF saw a modest decrease on the quarter to $1,177 PSF, but was still up over levels on the year. The four-quarter trailing average is $1,232 PSF and over $1.2MM gross.

Condo Summary

$1,177

(in Millions) $1,064 AVERAGE PPSF THIS QUARTER

$4.0

$3.0

$2.0

$1.0

$5.0 2022 4Q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q

$4.0 $3.0 $2.0 $1.0 $0.0

PPSF PRICE 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q AVERAGE PPSF TRAILING OVER FOUR QUARTERS

$0.0

Condominium Units

Number of Sales - - 2 -4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $914,083 -30.16% $1,308,909 -18.05% $1,115,394

Average Price Per Sq Ft $1,177 -6.22% $1,255 3.87% $1,133

Median Sales Price $918,250 -34.41% $1,400,000 -3.65% $953,000

$3.00

$2.25

$1.50

$0.75

$0.00

$3.75 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

$1600

Number of Sales 6 11 9 (in Millions)

$1200

$800

$2000 $3.75 $3.00 $2.25 $1.50 $0.75 $0.00

$2,000 $1,600 $1,200 $ 800 $400 $0 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q

$400

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.

BOERUM HILL

Townhouse Summary

Boerum Hill’s burgeoning third quarter activity came to a halt this fourth quarter with only 4 closed townhouse transactions.

Average sales price was almost 30% below levels last quarter, but notably is still 25.97% above levels this time last year. The same was observed for average PPSF, where it decreased over the quarter but saw increased over the year. The four-quarter trailing average is $1,210 PSF and just over $4.03MM gross.

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $3,571,250 -28.87% $5,020,928 25.97% $2,835,000

Average Price Per Sq Ft $1,219 -7.39% $1,316 26.47% $964

Median Sales Price $3,525,000 -21.67% $4,500,000 24.34% $2,835,000

Number of Sales 4 11 2

Condo Summary

Boerum Hill saw only 11 condo transactions this fourth quarter, a continued slowdown in activity as the notable new development projects in the neighborhood close out sales. Average sales price was down by 13.13% on the quarter and down by a lesser degree on the year. Average PPSF saw modest increases on both periods, now to $1,370 PSF. The fourquarter trailing average is $1,469 PSF and just under $1.7MM gross.

AVERAGE PPSF THIS QUARTER

$8.0

$6.0

$4.0

$10.0 $0

$2000

$1500

$2.0

$10.0 $8.0 $6.0 $4.0 $2.0 $0.0

$0.0

Condominium Units

$2500 $2,500 $2,000 $1,500 $1,000 $500 $0

$1000

$500

PPSF PRICE 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $1,355,578 -13.13% $1,560,398 -8.23% $1,477,188 Average Price Per Sq Ft $1,370 2.92% $1,331 4.42% $1,312

Median Sales Price $1,410,000 -2.83% $1,451,006 14.14% $1,235,356

Number of Sales 11 19 23

(in Millions) PPSF PRICE

$7.5

$6.0 $4.5 $3.0 $1.5

$1,600

800

2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0 $400 $800 $1200 $1600 $2000 $7.5

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.

GOWANUS

Townhouse Summary

Gowanus had 8 townhouse transactions this quarter, one of the few neighborhoods this quarter to see an increase in activity over the third quarter. With a three-family townhouse trading at $4.275MM and a two-family townhouse trading at $3.275MM, which are big numbers for the neighborhood, it is no surprise the average pricing was strongly above levels the prior quarter. The fourquarter trailing average is $1,069 PSF and under $2.2MM gross.

$2.28MM

AVERAGE SALES PRICE THIS QUARTER

Condo Summary

Gowanus saw only 5 condo transactions this quarter, a second quarter of decreasing activity. Average sales price and PPSF followed similar trends, decreasing on the quarter but increasing versus the year. The four-quarter trailing average is $1,301 PSF and just over $1.45MM gross.

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $2,280,875 34.57% $1,694,900 -1.11% $2,306,500

Average Price Per Sq Ft $1,101 37.94% $798 -4.31% $1,151

Median Sales Price $2,173,500 67.19% $1,300,000 9.36% $1,987,500

Number of Sales 8 5 6

$4.0

$3.0

$2.0

$1.0

$5.0 2022 4Q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q

$4.0 $3.0 $2.0 $1.0 $0.0

$0.0

PPSF PRICE 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q

Condominium Units

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $1,498,800 -4.06% $1,562,222 20.37% $1,245,167

Average Price Per Sq Ft $1,317 -8.30% $1,436 10.08% $1,197

Median Sales Price $1,265,000 -3.44% $1,310,000 56.08% $810,500

Number of Sales 5 9 3

(in Millions) $1.50MM

$4.0

$3.0

$5.0 $4.0 $3.0 $2.0 $1.0 $0.0 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q AVERAGE SALES PRICE THIS QUARTER

$2.0

$1.0

$5.0 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

$1600

$1200

$800

(in Millions) PPSF PRICE $0.0

$2000 $2,000 $1,600 $1,200 $ 800 $400 $0

$400

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.

FORT GREENE

Townhouse Summary

Fort Greene had 7 closed townhouse deals this fourth quarter of 2022. While the neighborhood saw a moderate decrease in pricing this quarter compared with the prior quarter, it is still on a rise from the prior year. Average PPSF was just over $1,000 PSF. The four-quarter trailing average is $1,042 PSF and just over $3.2MM gross.

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $3,190,286 -12.65% $3,652,153 38.54% $2,302,857

Average Price Per Sq Ft $1,001 -10.89% $1,124 5.34% $951

Median Sales Price $2,750,000 -15.38% $3,250,000 37.50% $1,999,999

Number of Sales 7 9 7

AVERAGE PPSF

Condo Summary

Fort Greene saw 8 condo transactions this quarter, half as many deals as the prior quarter. Average sales price was level on the quarter, but up 5.64% on the year. Average PPSF saw decreases on both periods we measure, notably by 9.54% on the year, to $1,161 PSF. The four-quarter trailing average is $1,149 PSF and under $1.3MM gross.

$6.0

YEAR OVER YEAR

$4.5

$2000

$7.5 $6.0 $4.5 $3.0 $1.5 $0.0

$7.5 2022 4Q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

$1500

$3.0

$1.5

$2,500$2500 $2,000 $1,500 $1,000 $500 $0

Condominium Units

$1000

$1600 DECREASE

PPSF PRICE 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q

$500

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $1,255,222 0.30% $1,251,441 5.64% $1,188,250

Average Price Per Sq Ft $1,161 -3.19% $1,200 -9.54% $1,284

Median Sales Price $1,200,889 -6.73% $1,287,500 23.42% $973,000

(in Millions) $1.26MM

$3.00

$2.25

$1.50

$0.75

$3.75 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

$1200

$800

$2000 $2,000 $1,600 $1,200 $ 800 $400 $0 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q 5.34% AVERAGE SALES PRICE THIS QUARTER

(in Millions) PPSF PRICE $0.00

$400

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.

Townhouse Market Neighborhood Overview

Market*

Brooklyn Heights $1,310 $5,420,000 4,036 509 $27,100,000 5 3%

Clinton Hill $1,164 $4,075,000 3,595 1,376 $36,674,999 9 5%

Prospect Heights $940 $3,775,125 4,051 925 $15,100,500 4 2%

Cobble Hill $1,066 $3,633,000 3,396 987 $10,899,000 3 2%

Boerum Hill $1,219 $3,571,250 3,164 810 $14,285,000 4 2%

Park Slope $1,121 $3,321,320 3,024 5,588 $102,960,919 31 17%

Carroll Gardens $1,298 $3,302,111 2,548 1,461 $29,719,000 9 5%

Fort Greene $1,001 $3,190,286 3,074 1,260 $22,332,000 7 4%

Williamsburg $945 $2,867,683 3,151 3,099 $48,750,611 17 9%

Greenpoint $927 $2,323,643 2,575 2,199 $32,531,000 14 8%

Gowanus $1,101 $2,280,875 2,100 984 $18,247,000 8 4%

Bedford Stuyvesant West $831 $2,253,167 2,807 4,397 $54,076,000 24 13%

Bedford Stuyvesant East $651 $1,571,636 2,476 6,863 $69,152,000 44 25%

Downtown Brooklyn - - - 75 - - 0%

Columbia Water District - - - 204 - - 0%

DUMBO - - - 4 - - 0%

ALL $943 $2,691,777 2,863 30,741 $481,828,029 179 100% Rank

Rank Address Neighborhood Sales Price Square Feet $PSF

1 13 Cranberry St Brooklyn Heights $9,000,000 4,900 $1,837 2 627 3rd St Park Slope $6,987,500 4,691 $1,490 3 13 S Portland Ave Fort Greene $6,500,000 4,913 $1,323 4 158 Clinton St Brooklyn Heights $6,200,000 4,200 $1,476 5 828 President St Park Slope $6,200,000 3,144 $1,972

Top 5 Townhouse Sales By Price Per Square Foot

Address Neighborhood Sales Price Square Feet $PSF

1 630 Grand St Williamsburg $4,800,000 2,040 $2,353 2 828 President St Park Slope $6,200,000 3,144 $1,972 3 433 5th St Park Slope $3,895,000 2,120 $1,837 4 13 Cranberry St Brooklyn Heights $9,000,000 4,900 $1,837 5 185 President St Carroll Gardens $5,320,000 3,006 $1,770

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.

Market*

Market Neighborhood Overview

Average Price Per Sq Ft Average Sales Price Average SF

Condominium * Ranked by “Average Price Per Sq Ft” Rank Rank

Total # of Properties

Gross Transaction Volume

# of Transactions % of Total Transactions

Brooklyn Heights $1,722 $3,357,031 1,886 950 $43,641,400 13 4%

Greenpoint $1,527 $1,639,313 1,064 1,313 $13,114,500 8 3%

DUMBO $1,519 $1,818,449 1,213 1,266 $54,553,471 30 10%

Downtown Brooklyn $1,494 $1,439,549 948 1,742 $53,263,311 37 12%

Williamsburg $1,433 $1,547,462 1,050 9,805 $94,395,205 61 20%

Carroll Gardens $1,419 $1,852,750 1,331 733 $18,527,500 10 3%

Boerum Hill $1,370 $1,355,578 963 907 $14,911,356 11 4%

Park Slope $1,367 $1,597,981 1,146 3,017 $78,301,090 49 16%

Prospect Heights $1,356 $1,252,088 904 1,544 $21,285,500 17 6%

Gowanus $1,317 $1,498,800 1,063 610 $7,494,000 5 2%

Cobble Hill $1,303 $1,533,857 1,200 669 $10,737,000 7 2%

Columbia Water District $1,177 $914,083 781 746 $5,484,500 6 2%

Clinton Hill $1,163 $1,031,925 900 1,064 $14,446,955 14 5%

Fort Greene $1,161 $1,255,222 1,076 879 $10,041,776 8 3%

Bedford Stuyvesant East $950 $805,000 917 450 $2,415,000 3 1%

Bedford Stuyvesant West $880 $926,298 1,114 2,675 $20,378,561 22 7%

2,200 $2,423

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.

CLINTON HILL

Townhouse Summary

Clinton Hill saw 9 townhouse transactions this quarter, 6 of which closed above $4MM. As a result, average sales price saw strong increases on both periods, but by over 70% on the year. While average PPSF was down 4.01% on the quarter, it was up over 30% on the year. The four-quarter trailing average is $1,109 PSF and just under $3.4MM gross.

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price

$4,075,000 14.73% $3,551,667 71.46% $2,376,667

Average Price Per Sq Ft $1,164 -4.01% $1,213 32.35% $879

Median Sales Price $4,575,000 31.56% $3,477,500 101.10% $2,275,000

Number of Sales 9 12 12

AVERAGE SALES PRICE THIS QUARTER

Condo Summary

There were 14 condo transactions this quarter in Clinton Hill. Average sales price was just over $1MM, which, while was a 20.28% decrease from the prior quarter, was just 1.19% down from the prior year. Average PPSF remained level on the quarter, but was slightly up on the year. The four-quarter trailing average is $1,175 PSF and just over $1.2MM gross.

AVERAGE PPSF

YEAR OVER YEAR

$6.0

$2000

$7.5 2022 4Q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

$7.5 $6.0 $4.5 $3.0 $1.5 $0.0

$4.5

$3.0

Condominium Units

$1500

$2500 $2,500 $2,000 $1,500 $1,000 $500 $0

$1600 $4.08MM

$1000

$500

PPSF PRICE 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $1,031,925 -20.28% $1,294,510 -1.19% $1,044,400

Average Price Per Sq Ft $1,163 -0.78% $1,173 3.76% $1,121

Median Sales Price $1,022,500 -19.65% $1,272,500 9.95% $930,000

(in Millions)

$3.00

$2.25

$1.50

$0.75

$3.75 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

$1200

$800

$2000 $3.75 $3.00 $2.25 $1.50 $0.75 $0.0 INCREASE

(in Millions) PPSF PRICE $0.00

$2,000 $1,600 $1,200 $ 800 $0 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q 3.76%

$400

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.

PROSPECT HEIGHTS

Townhouse Summary

There were half as many townhouse transactions this quarter in Prospect Heights. Coming down from last quarter’s record high pricing, average sales price was $3.78MM and average PPSF was under $1,000 PSF. With that said, the average sales price of a Prospect Heights townhouse is still over $3.5MM, which is territory paved by activity this past year from the pandemic. The four-quarter trailing average is $1,114 PSF and over $3.6MM gross.

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $3,775,125 -12.09% $4,294,171 23.98% $3,045,000

Average Price Per Sq Ft $940 -26.85% $1,286 -25.40% $1,261

Median Sales Price $3,655,000 -22.27% $4,701,875 23.48% $2,960,000

Number of Sales 4 8 6

Condo Summary

Prospect Heights saw 17 condo transactions this quarter, decent numbers for the neighborhood on the year but less volume than what was seen the prior quarter. As the prior quarter saw more larger units trading which skewed to higher average sales prices, this quarter’s gross sales price came down significantly, but average PPSF remained level. The four-quarter trailing average is $1,305 PSF and just under $1.4MM gross.

$1.25MM

(in Millions) 23.98% AVERAGE SALES PRICE THIS QUARTER

$6.0

$4.5

$3.0

$7.5 $6.0 $4.5 $3.0 $1.5 $0.0

$7.5 2022 4Q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

$2000

$1500

$1.5

Condominium Units

$1000

$2500 $2,500 $2,000 $1,500 $1,000 $500 $0

PPSF PRICE 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q

$500

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $1,252,088 -21.12% $1,587,326 -32.56% $1,856,571 Average Price Per Sq Ft $1,356 0.27% $1,352 0.57% $1,348

Median Sales Price $1,163,500 -21.12% $1,475,000 -29.74% $1,656,000

Number of Sales 17 23 14

$3.6

$6.0 $3.6 $0.0 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q AVERAGE PPSF INCREASE YEAR OVER YEAR

$2.4

$1.2

$4.8 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

$1600

$1200

$800

(in Millions) PPSF PRICE $0.0

$2000 $2,000 $1,600 $1,200 $ 800 $400 $0

$400

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.

SLOPE

Townhouse Summary

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $3,321,320 -1.92% $3,386,194 5.23% $3,156,201

Average Price Per Sq Ft $1,121 -12.71% $1,285 6.58% $1,052

Median Sales Price $3,295,000 -4.15% $3,437,500 -0.15% $3,300,000

Number of Sales 31 36 37

$16.0

Condo Summary

Park Slope saw 49 condo transactions this fourth quarter, which, while is fewer transactions than the prior quarter, is more aligned with past transaction volume. Average sales price came down from last quarter’s highs, but at $1.59MM was still above pricing from the prior year. The fourquarter trailing average is $1,424 PSF and just over $1.8MM gross.

(in Millions) 5.23% AVERAGE PPSF THIS QUARTER

$12.0

$1,367

$8.0

$4.0

$20.0 2022 4Q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q

$2000

$1500

$0.0

Condominium Units

$1000

$2500 $2,500 $2,000 $1,500 $1,000 $500 $0

PPSF PRICE 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q AVERAGE SALES PRICE INCREASE YEAR OVER YEAR

$0

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $1,597,981 -14.73% $1,874,104 7.85% $1,481,689

Average Price Per Sq Ft $1,367 -4.24% $1,428 3.91% $1,316

Median Sales Price $1,535,000 -3.58% $1,592,000 12.87% $1,360,000

$4.5

$3.0

$1.5

$6.0 $7.5 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

$1600

$1200

$2000 $7.5 $4.5 $3.0 $1.5 $0.0 PARK

Number of Sales 49 66 30 (in Millions)

$800

$400

$2,000 $1,600 $1,200 $ 800 $400 $0 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q

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.

Townhouse Summary

There were 24 townhouse transactions in Bedford-Stuyvesant West this fourth quarter of 2022, a sharp drop from the prior period. With that said, average sales price increased by 4.43% on the quarter, and even more so on the year, to $2.25MM. Average PPSF saw similar growth on both periods, now to $831 PSF. The four-quarter trailing average is $768 PSF and just over $2.09MM gross.

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $2,253,167 4.43% $2,157,500 21.16% $1,859,600

Average Price Per Sq Ft $831 11.92% $742 24.44% $667

Median Sales Price $2,149,000 2.33% $2,100,000 32.94% $1,616,500

Number of Sales 24 37 28

Condo Summary

Condo transaction volume in BedfordStuyvesant West was almost cut in half from the prior quarter at 22. Average sales price and PPSF both decreased minimally on the quarter but were up on the year. The fourquarter trailing average is $919 PSF and just over $962K gross.

$6.0

$7.5 $0

$2000

$4.5

Condominium Units

$1500

$1000

$500

PPSF PRICE 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q AVERAGE SALES PRICE THIS QUARTER

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $926,298 -4.28% $967,698 3.88% $891,731

Average Price Per Sq Ft $880 -7.27% $949 1.48% $868

Median Sales Price $892,697 1.67% $878,000 0.59% $887,500

Number of Sales 22 39 38

3Q 2021 4Q 2022 2Q 2022 3Q (in Millions)

(in Millions) PPSF PRICE $2.25MM AVERAGE PPSF THIS QUARTER

$7.5 $6.0 $4.5 $3.0 $1.5 $0.0 2021 1Q 2021 2Q 2021

$2500 $2,500 $2,000 $1,500 $1,000 $500 $0 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q

$1,200 $ 800 $400 $0 $3.75 $3.00 $2.25 $1.50 $0.75 $0.0 2022 1Q 2022 4Q 2020 3Q 2020 4Q

$2,000 $1,600

$0 $400 $800 $1200 $1600 $2000 $880

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.

All materials presented herein are prepared by Brennan Realty Services LLC, and are intended for informational purposes only.

BEDFORD-STUYVESANT (East)

Townhouse Summary

Bedford-Stuyvesant East had a quieter quarter with 44 townhouses closing. Pricing was only marginally down on the quarter, which is a positive sign for a stabilizing market. Average sales price saw small decreases on the year, but had a 3.52% growth in average PPSF levels. The four-quarter trailing average is $630 PSF and under $1.6MM gross.

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $1,571,636 -2.82% $1,617,239 -2.45% $1,611,095

Average Price Per Sq Ft $651 -0.46% $654 3.52% $629

Median Sales Price $1,512,500 -11.03% $1,700,000 -5.47% $1,600,000

Number of Sales 44 54 52

Condo Summary

Bedford-Stuyvesant East had only 3 condo transactions this fourth quarter. Average sales price came down to $805K from last quarter’s high of $841K. Average PPSF remained above the $900 PSF threshold this quarter. The fourquarter trailing average is $888 PSF and just under $790K gross.

$1200

$900

2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

Condominium Units

$1,500 $1,200 $900 $600 $300 $0

$1500 $3.75 $3.0 $2.25 $1.50 $0.75 $0.0

$600

$300

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $805,000 -4.32% $841,343 -1.31% $815,667

Average Price Per Sq Ft $950 4.99% $905 5.73% $899

Median Sales Price $735,000 -18.33% $900,000 -11.87% $834,000

Number of Sales 3 17 6

$0 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q (in Millions)

$900 $

2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q (in Millions) PPSF PRICE $0.0 $0.8 $1.2 $1.6 $2.0 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0 $300 $600 $900 $1200 $1500 $2.0 $1.6 $1.2 $1.8 $0.4 $0.0 $1,500

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.

Townhouse Summary

There were no townhouse transactions in Downtown Brooklyn this quarter. The fourquarter trailing average is $765 PSF and over $3.6MM gross.

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price - - - - -

Average Price Per Sq Ft - - - - -

Median Sales Price - - - - -

Number of Sales - - - - -

Millions)

Condo Summary

Downtown Brooklyn saw 37 closed deals recorded this quarter, a majority belonging, for the third quarter in a row, to the two new development condo buildings at 11 Hoyt and Brooklyn Point. The third most deals occurred at 110 Livingston. Both pricing metrics we measure were minimally up on the year, but down on the quarter. The four-quarter trailing average is $1,507 PSF and just over $1.6MM gross.

$6.4

$4.8

$3.2

$1.6

$6.4 $4.8 $3.2 $1.6

$0.0

$8.0 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q

$2,000 $1,500 $1,000 $500 $0

Condominium Units

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $1,439,549 -22.67% $1,861,657 4.70% $1,374,907

Average Price Per Sq Ft $1,494 -6.25% $1,594 1.36% $1,474

Median Sales Price $1,322,633 -19.72% $1,647,500 13.83% $1,161,948

Number of Sales 37 66 88

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.

Townhouse Summary

Greenpoint saw a small increase in townhouse transactions this quarter to 14. Average sales price remained level on the year, but decreased by almost 15% on the quarter to $2.32MM. Average PPSF dropped below $1,000 PSF, coming down from two quarters of elevated pricing. The four-quarter trailing average is $991 PSF and just over $2.5MM gross.

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $2,323,643 -14.76% $2,725,875 -0.86% $2,343,750

Average Price Per Sq Ft $927 -11.86% $1,052 6.50% $871

Median Sales Price $2,050,000 -20.00% $2,562,500 2.50% $2,000,000

Condo Summary

The third quarter in Greenpoint saw only 8 condo transactions, the least recorded since 4Q20. Despite the low volume, the homes that traded occurred at much higher-thanaverage prices. Average sales price was $1.64MM and average PPSF was $1,527 PSF. The four-quarter trailing average is $1,342 PSF and over $1.2MM gross.

$6.0

$4.5

$2000

$1500

Number of Sales 14 12 12 $0.0

$7.5 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

$7.5 $6.0 $4.5 $3.0 $1.5 $0.0

$3.0

$1.5

Condominium Units

$2500 $2,500 $2,000 $1,500 $1,000 $500 $0

$1000

$500

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $1,639,313 28.95% $1,271,235 39.23% $1,177,433

Average Price Per Sq Ft $1,527 15.91% $1,317 14.17% $1,337

Median Sales Price $1,613,750 21.79% $1,325,000 37.93% $1,170,000

Number of Sales 8 34 15

(in Millions) (in Millions)

$4

$2

$1

$5 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q

$3

$5.0 $4.0 $3.0 $2.0 $1.0 $0.0 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q

$1600

$1200

$800

PPSF PRICE 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q PPSF PRICE $0

$400

$0

$2000 $2,000 $1,600 $1,200 $ 800 $400 $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.

WILLIAMSBURG

Townhouse Summary

Williamsburg saw 17 townhouse transactions this quarter. Notably, the homes that traded this quarter were much larger in size than the prior quarter, so the average sales price remained level on the quarter, but saw decreases in average PPSF. Both price metrics increased on the year. The four-quarter trailing average is $949 PSF and just under $2.5MM gross.

1 to 4 Family Townhouses

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $2,867,683 -0.03% $2,868,499 29.32% $2,217,568

Average Price Per Sq Ft $945 -16.93% $1,137 3.50% $913

Median Sales Price $2,480,000 -9.67% $2,745,500 27.51% $1,945,000

Number of Sales 17 20 22

Condo Summary

Williamsburg saw only 61 condo transactions this quarter. However, similarly to Greenpoint, the deals that did occur traded at higher prices than prior quarters. Average sales price increased 5.04% on the quarter to $1.55M. Average PPSF was $1,433 PSF. The fourquarter trailing average is $1,387 PSF and just over $1.5MM gross.

$6.0

$4.5

$3.0

$1.5

$7.5 $6.0 $4.5 $3.0 $1.5 $0.0

$7.5 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

$2000

$0.0

Condominium Units

$1500

$2500 $2,500 $2,000 $1,500 $1,000 $500 $0

$1000

$500

PPSF PRICE 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

Average Sales Price $1,547,462 5.04% $1,473,243 3.48% $1,495,480

Average Price Per Sq Ft $1,433 0.78% $1,422 6.52% $1,346

Median Sales Price $1,230,000 -8.89% $1,350,000 -9.07% $1,352,659

Number of Sales 61 105 96

$6.0

$2,000 $1,600

(in Millions) PPSF PRICE

800 $400

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.

Condo Summary

There were 30 condo transactions recorded in DUMBO this quarter. The two new development buildings (98 Front St and Front & York) that fed the bulk of the deals this past year are slowly wrapping up their sales effort, where this quarter they saw more lower floor units close. Average sales price dropped to $1.82MM, and average PPSF decreased to $1,519 PSF. The four-quarter trailing average is $1,587 PSF and just under $2.0MM gross.

Condominium Units

Average Sales Price

4Q22 %∆ (Qtr) 3Q22 %∆ (Yr) 4Q21

$1,818,449 -17.56% $2,205,914 -21.05% $2,303,208

Average Price Per Sq Ft $1,519 -8.88% $1,667 -1.11% $1,536

Median Sales Price

$1,773,750 -17.02% $2,137,500 -18.31% $2,171,335

Number of Sales 30 46 26

(in Millions)

$16

$12

$8

$4

$20 2022 4q 2022 3Q 2022 2Q 2022 1Q 2021 4Q 2021 3Q 2021 2Q 2021 1Q 2020 4Q 2020 3Q $0

$1600

$1200

$2000 $20.0 $16.0 $12.0 $8.0 $4.0 $0.0

Would You Like To Know What Your Property Is Worth?

$800

$400

PPSF PRICE $0

$2,000 $1,600 $1,200 $ 800 $400 $0 2022 1Q 2022 4Q 2020 3Q 2020 4Q 2021 1Q 2021 2Q 2021 3Q 2021 4Q 2022 2Q 2022 3Q

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

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.

All