Friday, April 28, 2017

Brooklyn 2016 Townhouse Report

Brooklyn Townhouse Report Take Aways:

  • Sales activity is a little cooler. 2015 turned out to be a banner year for Brooklyn townhouse sales, so we were unsurprised that buyers were a little less busy in 2016.  The number of townhouse sales in 2016 was down 5%.
  • Strong prices. The median price for a Brooklyn townhouse in 2016 was $1.75M, up 9%, and the average price per square foot was $774, up 5%. Multi-residence townhouses were especially strong, with a 10% rise in median price and 6% in ppsf.
  • Investment opportunities. Speculative investment, restoration, and property flipping are playing a role in the Brooklyn townhouse segment in some neighborhoods, particularly in Bedford-Stuyvesant.
I am delighted to share with you our 2016 Brooklyn Townhouse Report.  Inside you will find a detailed analysis of single-family and multi-residence (four units or less) townhouse sales that closed in Brooklyn last year.

Click Here for the full report.


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