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DOWNTOWN BROOKLYN A monthly analysis of residential sales in Downtown Brooklyn, Brooklyn July 2016
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Residential Market Report, July 2016
Residential Market Report, July 2016 Downtown Brooklyn, Brooklyn
SUMMARY MEDIAN SALE PRICE
NO. OF TRANSACTIONS
MEDIAN PRICE/SQ.FT.
BROOKLYN MEDIAN SALE PRICE
$717K
13
$1,095
$610K
-20% YoY
-43% YoY
-2% YoY
3% YoY
NEIGHBORHOOD BOUNDARIES
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RESIDENTIAL STATS Median Sale Price by Month $1.8M $1.6M $1.4M $1.2M $1.0M $800K $600K $400K $200K $
$717K
Median Sale Price by Quarter $1.0M $900K $800K $700K $600K $500K $400K $300K $200K $100K $
$928K
Number of Transactions Year 2011 2012 2013 2014 2015 2016
Jan 57 7 30 17 33 16
Feb 38 21 15 14 19 14
Mar 58 25 15 12 27 20
Apr 32 21 17 18 33 6
May 44 32 24 19 19 9
Jun 45 28 27 16 32 33
Jul 25 27 20 24 23 13
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
50 40
33
30 16
20
14
20
10
13
9
6
0 Jan
Feb
Mar
Apr
May
Jun 2014 2015
Jul 2016
Aug
Sep
Oct
Nov
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Dec
Median Sale Price per Square Foot $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $
$1,095
RESIDENTIAL SALES BREAKDOWN Type of Residential Properties Sold Property Type Median sale price Condos $787,090 Coops $532,500 Houses -
Y-o-Y -47% -7% -
Median sale price/sqft $1,158 $589 -
Y-o-Y -1% -11% -
Transactions 9 4 0
Number of Sales by Building Type
31% Condos Coops Houses 69%
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LIST OF TRANSACTIONS Address 189 Schermerhorn Street #25E 306 Gold Street #26D 175 Adams St #16C 150 Myrtle Avenue #3104 42 Duffield Street #2B 189 Schermerhorn Street #17C 150 Myrtle Avenue #2307 306 Gold Street #8B 150 Myrtle Avenue #1702 175 Adams St #8C 175 Adams St #4H 175 Adams St #1K
BBL 3-00164-1338 3-00133-1200 3-00086-0011 3-02060-1220 3-00120-1004 3-00164-1264 3-02060-1170 3-00133-1062 3-02060-1123 3-00086-0011 3-00086-0011 3-00086-0011
Sale date 6-Jul-16 12-Jul-16 6-Jul-16 29-Jul-16 29-Jul-16 20-Jul-16 26-Jul-16 26-Jul-16 22-Jul-16 13-Jul-16 19-Jul-16 14-Jul-16
Sale price $1,360,000 $1,300,000 $915,000 $900,000 $825,000 $749,180 $685,000 $635,000 $538,000 $535,000 $530,000 $445,000
Property type Condo Condo Coop Condo Condo Condo Condo Condo Condo Coop Coop Coop
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Sqft 1,037 1,092 1,043 738 791 616 609 580 494 1,043 900