Downtown Brooklyn Report

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Downtown Brooklyn Report Downtown Brooklyn FEBRUARY 2016 in Downtown Brooklyn, Brooklyn

#N/A

Downtown Brooklyn Report A monthly analysis of residential sales in Downtown Brooklyn, Brooklyn FEBRUARY 2016

Borough

Neighborhood

Brooklyn

Year

Downtown Brooklyn Month

2016

2

Residential Market Report, February 2016 Downtown Brooklyn, Brooklyn

SUMMARY MEDIAN SALE PRICE

NO. OF TRANSACTIONS

MEDIAN PRICE/SQ. FT.

14 $685K

BOROUGH MEDIAN SALE PRICE

$1,104 $600K

$685K

14

$1,104

$600K

-26% Y-o-Y

-26% Y-o-Y

-1% Y-o-Y

17% Y-o-Y

NEIGHBORHOOD BOUNDARIES

2 www.propertyshark.com

RESIDENTIAL STATS Median Sale Price by Month $1,200K $1,000K

$925K

$800K

$685K

$600K $400K

$200K 0

Median Sale Price by Quarter $1,000K $900K $800K $700K $600K $500K $400K $300K $200K $100K 0

$683K

$640K

Number of Transactions Month Jan

2011 57

2012 7

2013 30

2014 17

Feb Mar

2015 33

2016 14

38

21

15

58

25

15

14

19

14

12

27 33

Apr

32

21

17

18

May

44

32

24

19

19

Jun

45

28

27

16

32

Jul

25

27

20

24

23

Aug

37

33

32

19

31

Sep

19

22

26

15

5

Oct

20

20

19

13

19

Nov

17

23

19

13

8

Dec

17

27

16

39

16

45 40 35

30 25 20 14

15

14

10 5

0 Jan

Feb

Mar

Apr

May

Jun 2014

2015

Jul 2016

3 www.propertyshark.com

Aug

Sep

Oct

Nov

Dec

Median Price per Square Foot $1,400 $1,200 $1,000 $800 $600 $400 $200 $0

$1,111

$1,104

CO-OP VERSUS CONDO SALES Type of Residential Properties Sold

Property type

Median Price

Median price per sq. ft.

Y-o-Y change -12%

Price $1,114

Y-o-Y change 0%

No. of sales

Condos

Condos

Price $855,000

8

57.1%

Co-ops

Co-ops

$440,877

-41%

$999

39%

6

42.9%

Houses

n/a

n/a

n/a

n/a

n/a

Number of Sales by Building Type

Co-ops 42.9%

Condos 57.1%

4 www.propertyshark.com

14

LIST OF TRANSACTIONS Address 1 110 Livingston Street #7D 2 306 Gold Street #22E

BBL 3-00269-1107 3-00133-1173

Sale date 05-Feb-16 24-Feb-16

Sale price $1,435,000 $899,000

Property type Condo Condo

Sqft 1,232 765

3 197 Bridge Street #7C

3-00108-1025

29-Feb-16

$895,000

Condo

796

4 306 Gold Street #9F

3-00133-1080

02-Feb-16

$880,000

Condo

779

5 110 Livingston Street #4F

3-00269-1041

19-Feb-16

$830,000

Condo

760

6 189 Schermerhorn Street #7D

3-00164-1177

23-Feb-16

$755,000

Condo

684

7 38 Livingston St #34

3-00268-0030

05-Feb-16

$699,000

Coop

n/a

8 189 Schermerhorn Street #24F

3-00164-1330

24-Feb-16

$670,000

Condo

729

9 77-95 Livingston St #18K

3-00266-0012

08-Feb-16

$660,000

Coop

n/a

10 150 Myrtle Avenue #304

3-02060-1008

25-Feb-16

$585,000

Condo

563

11 99 Clinton St #1

3-00255-0025

18-Feb-16

$441,754

Coop

n/a

12 65-75 Court St #15L

3-00266-0020

17-Feb-16

$440,000

Coop

n/a

13 77-95 Livingston St #9J

3-00266-0012

16-Feb-16

$350,000

Coop

n/a

14 77-95 Livingston St #15A

3-00266-0012

09-Feb-16

$339,000

Coop

n/a

5 www.propertyshark.com