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6 EAST FLATBUSH A monthly analysis of residential sales in East Flatbush, Brooklyn July 2018 Warren Lewis Sotheby's International Realty The RATNER Team Market Report o: 718-747-8215 | c: 347-501-0860 | e: [email protected]

EAST FLATBUSH · -2% YoY BROOKLYN MEDIAN SALE PRICE 12% YoY MEDIAN PRICE/SQ.FT.-32% YoY NO. OF TRANSACTIONS 21% YoY Residential Market Report, July 2018 East Flatbush, Brooklyn

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Page 1: EAST FLATBUSH · -2% YoY BROOKLYN MEDIAN SALE PRICE 12% YoY MEDIAN PRICE/SQ.FT.-32% YoY NO. OF TRANSACTIONS 21% YoY Residential Market Report, July 2018 East Flatbush, Brooklyn

6

EAST FLATBUSH

A monthly analysis of residential sales

in East Flatbush, Brooklyn

July 2018

Residential Market Report, July 2018Multifamily Market Report, 1st Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]

Page 2: EAST FLATBUSH · -2% YoY BROOKLYN MEDIAN SALE PRICE 12% YoY MEDIAN PRICE/SQ.FT.-32% YoY NO. OF TRANSACTIONS 21% YoY Residential Market Report, July 2018 East Flatbush, Brooklyn

-2% YoY

BROOKLYN

MEDIAN SALE PRICE

12% YoY

MEDIAN PRICE/SQ.FT.

-32% YoY

NO. OF TRANSACTIONS

21% YoY

MEDIAN SALE PRICE

Residential Market Report, July 2018

East Flatbush, Brooklyn

SUMMARY

$498K 15 $381 $711K

NEIGHBORHOOD BOUNDARIES

Multifamily Market Report, 1st Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]

Page 3: EAST FLATBUSH · -2% YoY BROOKLYN MEDIAN SALE PRICE 12% YoY MEDIAN PRICE/SQ.FT.-32% YoY NO. OF TRANSACTIONS 21% YoY Residential Market Report, July 2018 East Flatbush, Brooklyn

2014

2015

2016

2017

2018

Jan

12

11

15

12

22

12

Year

2013

5

16

Mar

13

18

24

11

22

11

Feb

11

16

12

22

16

13

May

18

12

12

16

14

15

Apr

11

11

14

17

16

23

Jul

21

17

17

16

22

15

Jun

10

9

16

16

16

Sep

13

19

16

20

18

Aug

18

16

21

26

1812

Nov

17

13

16

13

13

Oct

25

21

13

11

Dec

19

21

14

22

Number of Transactions

Median Sale Price by Quarter

Median Sale Price by Month

RESIDENTIAL STATS

$498K

$

$100K

$200K

$300K

$400K

$500K

$600K

$418K

$

$100K

$200K

$300K

$400K

$500K

$600K

12

16

1113

15

23

15

0

5

10

15

20

25

30

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2016 2017 2018

Multifamily Market Report, 1st Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]

Page 4: EAST FLATBUSH · -2% YoY BROOKLYN MEDIAN SALE PRICE 12% YoY MEDIAN PRICE/SQ.FT.-32% YoY NO. OF TRANSACTIONS 21% YoY Residential Market Report, July 2018 East Flatbush, Brooklyn

$400 17% 13

- 0

$370 9% 2

Houses $525,000 22%

Condos -

27%

-

Y-o-YProperty Type Median sale price Median sale price/sqft

Coops $252,500

Y-o-Y Transactions

-

Number of Sales by Building Type

Type of Residential Properties Sold

Median Sale Price per Square Foot

$381

$

$50

$100

$150

$200

$250

$300

$350

$400

$450

RESIDENTIAL SALES BREAKDOWN

13%

87%

Condos

Coops

Houses

Multifamily Market Report, 1st Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]

Page 5: EAST FLATBUSH · -2% YoY BROOKLYN MEDIAN SALE PRICE 12% YoY MEDIAN PRICE/SQ.FT.-32% YoY NO. OF TRANSACTIONS 21% YoY Residential Market Report, July 2018 East Flatbush, Brooklyn

5003215 Avenue H #11B 3-07560-0001 27-Jul-18 $185,000 Coop

$299,457

House

House

Coop

House

1,188

1,280

1,4821331 Brooklyn Ave

3-07724-0023

3-04954-0023

3-07559-0059

3-04970-0077

24-Jul-18

2-Jul-18

5-Jul-18

17-Jul-18

1,701

1,372

1,812

1,312

864

864

891 E 40th St

524 E 38th St

740 E 32nd St #G5

$410,000

$405,000

$320,000

$500,000

$495,000

$445,000

House

House

House

House

House

House

170 E 88th St

450 E 54th St

714 Clarkson Ave

3920 Avenue D

250 E 86th St

258 E 86th St

3-04747-0069

3-04738-0020

3-04850-0003

3-04973-0010

3-07908-0064

3-07908-0068

30-Jul-18

24-Jul-18

5-Jul-18

26-Jul-18

31-Jul-18

23-Jul-18

$600,000

$575,000

$550,000

Sale price

30-Jul-18

835 Maple St

3-04622-0008

26-Jul-18

Sqft

850

House

House

$950,000

$780,000

Sale date Property type

1,635

$750,00076 E 53rd St 1,123

BBL

3-04998-0008

3-04588-0101

Address

3405 Farragut Rd

26-Jul-18 House

LIST OF TRANSACTIONS

Multifamily Market Report, 1st Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]

Page 6: EAST FLATBUSH · -2% YoY BROOKLYN MEDIAN SALE PRICE 12% YoY MEDIAN PRICE/SQ.FT.-32% YoY NO. OF TRANSACTIONS 21% YoY Residential Market Report, July 2018 East Flatbush, Brooklyn

THE RATNER TEAM

Nate Pfa� Residential Sales &

Rental Specialist

Jessie TorresNYC Condo, Co-op &

New Development Expert

David Ratner Commercial & Residential

Brooklyn Expert

Meet the power team for assisting you in selling, buying, renting, and investing in NYC real

estate…

Connect with the leading team for selling, buying, and investing in NYC real estate…

The Ratner Team at Warren Lewis Sotheby's International are your personal NYC real estate

contacts for getting what you want most out of your next transaction.

· Sales & Rental of Homes, Townhouses & Brownstones

· NYC Condo Sales, Purchases & Rentals

· New Developments & Development Sites

· Commercial Property: Multifamily Buildings, Mixed Use, Office Buildings, Retail & Land

· OFF Market Investment Properties in Brooklyn and Manhattan

Read more Read moreRead more

Multifamily Market Report, 1st Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]

Page 7: EAST FLATBUSH · -2% YoY BROOKLYN MEDIAN SALE PRICE 12% YoY MEDIAN PRICE/SQ.FT.-32% YoY NO. OF TRANSACTIONS 21% YoY Residential Market Report, July 2018 East Flatbush, Brooklyn

C L I E N T R E V I E W S"I asked David & his Team to find a tenant for my building. Could not have asked for a more

professional and effective service.” Joseph Fellner

"David, I can't express enough how grateful I am for all your hard work with selling my Cobble

Hill Townhouse! You did an amazing job and achieved a record that I didn't even expect, to be

honest. From now own any real estate related work is yours. Keep up the good work and I am

looking forward working with you again! “ David.K

"David & his Team was incredibly professional and responsive throughout our apartment search

process. He responded to emails promptly and ensured we felt secure about the lease and

apartment. Can't recommend him highly enough. “ Grace. G

"It was a pleasure working with Dave & his Team. Very professional, knowledgable and kept us

informed throughout the proccess. We have used their services before and will do so again in

the future. Halina and Jack (Local Landlords)”

"First and foremost, David is a good guy to deal with. More often then not, it's hard to find a

realtor who's easy going. David is professional, diligent and a good listener. He also doesn't BS.

He tells it like it is when he's creating a strategy for you, yet a smooth-talker with the landlords.

The bottom line is, he has your best interests in mind because he knows that a happy client is a

repeat client- and that will definitely be the case with me.” Spencer Zabiela

"David just recently landed me an amazing place in NYC. I was under a very limited amount of

time to find a new home and David was able to find me an awesome new apartment for a

great price and in an ideal location for work. The man knows how operate in times of pressure

and I'm proud to call him my friend after going through the moving process with him. The man

is honestly among the best of the best in the industry and I'd highly recommend him to anybody

who is serious about finding the right home. “ Tyler Clinton

READ MORE REVIEWS

Multifamily Market Report, 1st Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]

Page 8: EAST FLATBUSH · -2% YoY BROOKLYN MEDIAN SALE PRICE 12% YoY MEDIAN PRICE/SQ.FT.-32% YoY NO. OF TRANSACTIONS 21% YoY Residential Market Report, July 2018 East Flatbush, Brooklyn

Multifamily Market Report, 1st Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]

Page 9: EAST FLATBUSH · -2% YoY BROOKLYN MEDIAN SALE PRICE 12% YoY MEDIAN PRICE/SQ.FT.-32% YoY NO. OF TRANSACTIONS 21% YoY Residential Market Report, July 2018 East Flatbush, Brooklyn

1031 Qualified Intermediary Estate Planing

Interior Designers Restoration SpecialistsAppraisers & Inspectors Expediters

RoofersArchitects Exterminators

Rubbish Removal CompaniesArtist & Artisans Fences & Gates Specialists

Ironwork Professionals

Kitchen & Bathroom Specialists

Landscape Design School ConsultantsAttorneys Fireplaces

Landscapers & GardenersBankers Floor & Carpet Professionals Spiritual Experts

Stair Building & Repair Specialists

Cabinets Furniture

Lighting Experts Stone & Tile ProfessionalsGarage & Driveway

Locksmith Structural EngineersGeneral Contractors

Mortgage Professionals Surveyors

Carpenters

Chimney & Fireplace Specialists

Cleaners Glass & Shower Doors

Moving & Storage Experts Title CompaniesCloset Design

Wealth ManagersCO Experts

Plumbing Contractors Window ProfessionalsDecks & Patios Specialists

Handymen

Home Automation

Specialists

Home Security Professionals Property Compliance Wine CellarsDemolition Experts

Home Stagers Property Managers Zoning & Land Use ExpertsDoor Experts

Hvac Professionals Renewable Energy SpecialistsElectricians

Insurance Agents Renovation Professionals

www.RatnerTeamVendors.com

Painters & Plasterers

Lawn & Sprinklers Experts

Multifamily Market Report, 1st Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]

Page 10: EAST FLATBUSH · -2% YoY BROOKLYN MEDIAN SALE PRICE 12% YoY MEDIAN PRICE/SQ.FT.-32% YoY NO. OF TRANSACTIONS 21% YoY Residential Market Report, July 2018 East Flatbush, Brooklyn

THE BROOKLYN MADE SHOWFrom The Ratner Team, this is the Brooklyn Made Podcast, a show about Brooklyn real estate, entrepreneurs, businesses and the professionals behind one of the hottest real estate markets in the world.

The Brooklyn Made Show is a one-stop shop for anyone interested in New York Real Estate, Entrepreneurship, and Business. On the show, you’ll learn valuable insights from New York’s industry leaders.

State up to date with the latest local real estate and business news. Follow market trends, listen to exciting local stories and much more…

Each month our show will feature local entrepreneurs, professionals and real estate experts that we are eager for you to meet.

www.BrooklynMade.Blog/Podcast

Multifamily Market Report, 1st Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]