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EAST NEW YORK
A monthly analysis of residential sales
in East New York, Brooklyn
November 2018
Residential Market Report, November 2018Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
1% YoY
BROOKLYN
MEDIAN SALE PRICE
12% YoY
MEDIAN PRICE/SQ.FT.
-56% YoY
NO. OF TRANSACTIONS
-9% YoY
MEDIAN SALE PRICE
Residential Market Report, November 2018
East New York, Brooklyn
SUMMARY
$370K 8 $379 $675K
NEIGHBORHOOD BOUNDARIES
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Year
2013
2014
2015
2016
2017
2018
Jan
21
27
9
18
21
19
Feb
12
15
19
12
15
10
Mar
18
14
14
11
24
20
Apr
49
9
22
19
17
14
May
25
14
18
18
17
12
Jun
28
16
10
11
31
21
Jul
42
17
22
19
17
22
27
8
Sep
27
21
14
20
22
10
Aug
28
20
12
18
Dec
15
29
18
16
17
13
13
11
Nov
20
14
10
19
18
8
Oct
28
23
15
Number of Transactions
Median Sale Price by Quarter
Median Sale Price by Month
RESIDENTIAL STATS
$370K
$
$50K
$100K
$150K
$200K
$250K
$300K
$350K
$400K
$450K
$500K
$358K
$
$50K
$100K
$150K
$200K
$250K
$300K
$350K
$400K
$450K
19
10
20
1412
21 22
810 11
8
0
5
10
15
20
25
30
35
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 2017 2018
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Houses $487,500
- - - 0
15% $370 7% 4
Condos $292,500 $379
Y-o-YProperty Type Median sale price Median sale price/sqft
Coops -
Y-o-Y Transactions
-3% 16% 4
Number of Sales by Building Type
Type of Residential Properties Sold
Median Sale Price per Square Foot
$379
$
$50
$100
$150
$200
$250
$300
$350
$400
RESIDENTIAL SALES BREAKDOWN
50%50%
Condos
Coops
Houses
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
896
896
622
1,017
Condo
Condo
Condo
Condo
$345,000
$335,000
$250,000
$214,915
9-Nov-18
9-Nov-18
9-Nov-18
21-Nov-18
3-04423-1067
3-04415-1068
3-04415-1228
3-08235-1055
971 Jerome St #2H
1065 Vermont St #52J
12205 Flatlands Ave #75F
592 Louisiana Ave #1
House 1,308
104 Grant Ave
3-04049-0111
20-Nov-18
$465,000577 Cleveland St
$395,000
Address
41 Logan St
$510,000
3-04503-0046 15-Nov-18585 Milford St
1,134
BBL
3-04102-0004
3-04111-0095
29-Nov-18 House
SqftSale price
15-Nov-18
Sale date Property type
1,604
1,326
House
House
$570,000
LIST OF TRANSACTIONS
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
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, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
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, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
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Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
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, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
