New Development Report

*Available inventory includes all units currently on the market as well as those not yet released.

Second Quarter

BROOKLYNMANHATTAN

AVERAGE PRICE PER SQ. FT. CLOSED

$1,216AVERAGE PRICE PER SQ. FT. CLOSED

$2,239

AVAILABLE INVENTORY (UNITS)*

864AVAILABLE INVENTORY (UNITS)*

4,409

AVERAGE PRICE PER SQ. FT. CONTRACT SIGNED

AVERAGE PRICE PER SQ. FT. ACTIVE

$1,369

$1,356

$2,129

$2,547

AVERAGE PRICE PER SQ. FT. CONTRACT SIGNED

AVERAGE PRICE PER SQ. FT. ACTIVE

9% QoQ 14% QoQ

2016

MANHATTAN BROOKLYN

Summary Points

37.3% of all Active new development listings in Manhattan are priced

above $5M, down from 42.6% in Q1 2016, and well below a high of 52% in Q1 2015. 15.4% of Active listings are priced above $10M, down from 19.3% in Q1 2016. This downward trend reflects both repricing of unsold super luxury units as well as an influx of new inventory priced below $3M.

Harlem saw the largest quarter-over-quarter increase

in Average Price per Sq. Ft. In Manhattan at over 39%, rising to $1,373 PSF, due primarily to 285 West 110th Street. Midtown East experienced the second largest quarter-over-quarter increase, rising 6% from Q1 2016 to $2,140 PSF in Q2 2016. (Closed and Contract Signed).

In Manhattan, Average Price per Sq. Ft. for new development units entering contract remained flat for the fourth consecutive quarter at $2,127 PSF, an increase of 0.6% from Q1 2016, and a decrease of 9.5% year-over-year

from $2,351 PSF in Q2 2015. This trend is evidence of increased deal volume at mid-market price points coming off of a record breaking year for pricing in 2015. In Brooklyn, new development entering into contract averaged $1,369 PSF, up 3.4% from Q1 2016, and up 3.7% year-over-year from $1,319 in Q2 2015 indicating ongoing pricing strength in prime neighborhoods.

Both Manhattan and Brooklyn saw sharp increases in the percentage of new development deals signed at mid-market price points in Q2 2016. In Manhattan,

signed deals priced between $1M and $3M accounted for 51.3% of all deals signed in Q2 2016, up from 43.1% in Q1 2016. In Brooklyn, signed deals priced between $1M and $3M totaled 59.2% of all signed deals in the quarter, up from 47.1% in Q1 2016.

• The price point experiencing the most transaction volume in both Manhattan and Brooklyn was the $1M - $2M range. 118 units entered contract (30.2% of all signed deals) in Manhattan, and 33 units sold in Brooklyn (40.7% pf all signed deals). This represents a 28% year-over-

year increase in Manhattan from Q2 2015, while Brooklyn deal volume at this price rage remained essentially flat year-over-year.

HPDM | HPDMNY.COM | 2016 Second Quarter Report | 2

MEDIAN PRICE PER SQ. FT.

Active $2,146 $1,382

Contract Signed $1,946 $1,347

Closed $2,067 $1,209

AVERAGE PRICE PER SQ. FT.

Active $2,547 $1,356

Contract Signed $2,129 $1,369

Closed $2,239 $1,216

MEDIAN PRICE

Active $3,500,000 $1,710,000

Contract Signed $2,549,750 $1,665,000

Closed $3,095,564 $1,175,000

AVERAGE PRICE

Active $6,297,087 $2,110,906

Contract Signed $4,027,084 $2,136,206

Closed $4,607,135 $1,433,868

TOTAL INVENTORY (UNITS)

Total 9,825 1,834

Units Available 4,409 864

% Closed or Contract Signed

55.1% 52.9%

37.3% 39%

$2,127 PSF

$1M-$3M

118Units

HPDM | HPDMNY.COM | 2016 Second Quarter Report | 3

Introduction METHODOLOGY:

§ All data is provided by proprietary

Halstead Property Development

Marketing research.

§ This report tracks new development

projects only, defined as those new

to the market and currently selling

sponsor units. Buildings that have

fully sold out of sponsor units are not

included, even though they may have

recently been built. Resale data is not

included in this report.

§ All listings were compiled as of

6/20/16.

§§ Total§Inventory is defined all units

within new development projects that

are currently listed as Active, Contract

Signed, or Closed, as well as those

units not yet released to the market.

Available§Units is defined as new

development units that are currently

listed as Active as well as those not

yet released to the market. These

numbers include units released prior

to 2016, provided they are in a project

that has not sold out all sponsor units.

By including currently unreleased

units that are not yet listed as Active

this data provides a unique and

comprehensive analysis of the current

new development market.

TABLE OF CONTENTS

MARKET OVERVIEW ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5

MARKET OVERVIEW BY QUARTER ... . . . . . . . . . . . . 6

MANHATTAN NEIGHBORHOOD INSIGHT ... . . . .7

ANALYSIS BY UNIT TYPE ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8

PRICE POINT ANALYSIS ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

TOTAL INVENTORY ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11

FURTHER INSIGHT ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

HPDM is pleased to present our New

Development Report for Q2 2016.

This report focuses exclusively on the

NYC new development condominium

market, and aims to be the only report

of its kind presenting a comprehensive

picture of new development activity.

New development is unique from

the overall real estate market in that

closings often do not occur for 12 to

18 months after a buyer enters into

contract. Therefore, to fully understand

this market it is critical to track active

listings, listings in contract, closed

listings, as well as total inventory. This

report analyzes Q2 2016 as a whole

and is also a snapshot of current new

development market conditions.

In Manhattan, pricing for new

development units entering into

contract in Q2 2016 remained

essentially flat for the second

consecutive quarter at $2,127 PSF, an

increase of 0.6% from Q1 2016. Avg.

PPSF for closed new development

units rose 3.7% to $2,239 quarter-over-

quarter, due largely to delivery of units

at 432 Park Avenue and 150 Charles

Street. In Brooklyn, new development

entering into contract averaged $1,369

PSF, up 3.4% from Q1 2016. Closed

new development deals in Brooklyn

decreased to an average of $1,216 PSF,

down 3.8% from Q1 2016, a number

that fluctuates primarily due to the

timing of occupancy, as in-contract

units often do not close for 12 – 18

months.

THE HENDRIK 509 PACIFIC STREET, BOERUM HILL

www.thehendrik.com

HPDM Q2 2016 Sales• 89 UNITS SOLD IN 12 PROJECTS

TOTALING $136,085,600 IN SALES

• HPDM EXCLUSIVE PROJECTS ACCOUNTED FOR 38% OF ALL NEW DEVELOPMENT CONTRACTS SIGNED IN BROOKLYN IN Q2 2016

HPDM | HPDMNY.COM | 2016 Second Quarter Report | 5

Market OverviewDowntown continued to see the most development activity in Manhattan in Q2 2016 with over 524 units either entering into

contract or closing. Next to Billionaire’s Row, Midtown East shows the highest Avg. Active Price per Sq. Ft. at $2,674, with

Downtown only slightly lower at $2,671 per Sq. Ft. The highest Avg. Price per Sq. Ft. for Contract Signed deals occurred in

Midtown East, averaging $2,395 PSF in Q2 2016, up 14.3% from Q1 2016, due largely to 50 United Nation Plaza and 252 East

57th Street. Brooklyn saw Contract Signed pricing rise 3.4% quarter-over-quarter to an average of $1,369 PSF in Q2 2016.

GROUND-UP VS. CONVERSIONS — AVG. PRICE PER SQ. FT.

ACTIVE, CONTRACT SIGNED, CLOSED — AVG. PRICE PER SQ. FT.

*Billionaire's Row comprised of: 157 W 57th, 20 W 53rd, 432 Park Ave, 21 E 61st, 22 CPS, 53 W 53rd*Brooklyn neighborhoods tracked: Bedford Stuyvesant, Boerum Hill, Brooklyn Heights, Bushwick, Carroll Gardens, Clinton Hill, Crown Heights, Downtown Brooklyn, DUMBO, Greenpoint, Park Slope, Prospect Heights, Redhook, Williamsburg

NUMBER OF UNITS

GROUND UP CONVERSIONS NUMBER OF UNITS

$1,

39

7

$2,3

05

$2,7

60

$2

,12

1

$5

,10

9

$2,14

0

$2,2

64

$9

04

$1,

953

$1,

715

$1,

87

2

$2,3

16

$1,

428

$1,

311 100

200

300

400

500

600

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

Harlem UWS UES MIDTOWN WEST BILLIONAIRE'S ROW MIDTOWN EAST DOWNTOWN BROOKLYN**

Ground Up vs. Conversions - Avg. Price per Sq. Ft.

40

53

106

86

20

57

524

118

ACTIVE CONTRACT SIGNED CLOSED

$2,3

30

$2,1

19

$6

,26

2

$2,5

04

$2,8

79

$1,

96

3

$2,8

86

$1,

75

0

$3

,911

$2,1

43

$2,4

22

$1,

726

$1,

924

$1,

619

$4

,98

2

$1,

90

8

$2,0

17

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$2,2

26$

1,50

0

$1,4

04

$9

86

$2,2

02

$2,19

3

$1,9

76

$2,18

9

$1,7

67

$2,0

45

$1,9

95

$1,8

73

$1,9

48

$5,11

8

$6

,585

$4

,582

$2,6

74

$2,3

95

$1,9

67

$2,6

71

$2,2

86

$2,2

79 $

1,3

56

$1,3

69

$1,2

16

HARLEM UWS UES MIDTOWN WEST BILLIONAIRE'S ROW*

MIDTOWN EAST DOWNTOWN BROOKLYN**

HPDM | HPDMNY.COM | 2016 Second Quarter Report | 6

Market Overview by Quarter

CONTRACT SIGNED, CLOSED — AVG. PRICE PER SQ. FT.

*Billionaire's Row comprised of: 157 W 57th, 20 W 53rd, 432 Park Ave, 21 E 61st, 22 CPS, 53 W 53rd** Brooklyn neighborhoods tracked: Bedford Stuyvesant, Boerum Hill, Brooklyn Heights, Bushwick, Carroll Gardens, Clinton Hill, Crown Heights, Downtown Brooklyn, DUMBO, Greenpoint,

Park Slope, Prospect Heights, Redhook, Williamsburg.

$2,5

48

$2,3

25

$1,

24

5

$8

49

$2,2

12

$2,1

58

$1,

76

9

$4

,98

1

$2,1

06

$2,3

82

$1,

314

$9

94

$1,

89

8

$1,

99

3

$1,

67

4

$4

,84

8

$1,

97

5

$2,2

18

$1,

29

1

$1,

112 $

1,7

45

$2,1

53

$1,

66

9

$5

,40

3

$1,

97

7

$2,3

43

$1,

26

5

$9

86

$2,0

22

$1,

778

$1,

96

4

$4

,35

4

$2,0

18

$2,3

13

$1,

30

8

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

Harlem UWS UES Midtown West Billionaire's Row Midtown East Downtown Brooklyn

Contract Signed and Closed - Avg. Price per Sq. Ft. - QoQ Q2 2015 Q3 2015 Q4 2015 Q1 2016

Q3 2015 Q4 2015 Q1 2016 Q2 2016

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

HARLEM UWS UES MIDTOWN WEST BILLIONAIRE'S ROW*

MIDTOWN EAST DOWNTOWN BROOKLYN**

$9

94

$1,

99

3

$1,

674

$4

,84

8

$1,

975

$2,2

18

$1,

29

1

$1,

112

$2,1

53

$1,

66

9

$5

,40

3

$1,

977

$2,3

43

$1,

26

5

$9

86

$1,

778

$1,

96

4

$4

,35

4

$2,0

18

$2,3

13

$1,

30

8

$1,

373

$1,

922

$1,

910

$5

,10

9

$2,1

40

$2,2

81

$1,

322

$1,

89

8

$1,

74

5

$2,0

22

$2,1

40

The graph below depicts pricing for Contract Signed and Closed units by

quarter. Harlem saw the largest quarter-over-quarter increase in Average

PPSF at over 39%, rising to $1,373 PSF, due primarily to 285 West 110th Street.

Midtown East experienced the second largest quarter-over-quarter increase,

rising 6% from Q1 2016 to $2,140 PSF in Q2 2016.

HPDM | HPDMNY.COM | 2016 Second Quarter Report | 7

Outside of Billionaire’s Row, the highest average Contract Signed pricing in

Manhattan was achieved in the West Village at $3,295 PSF and West Chelsea at

$3,220 for Q2 2016. The highest average Closed pricing outside of Billionaire’s

Row occurred in the West Village at $3,085 PSF followed by Greenwich Village

at $2,550 PSF.

*Billionaire's Row comprised of: 157 W 57th, 20 W 53rd, 432 Park Ave, 21 E 61st, 22 CPS, 53 W 53rd

Manhattan Neighborhood Insight

UPTOWN AND MIDTOWN

MANHATTAN — GROUND-UP VS. CONVERSIONS - AVG. PRICE PER SQ.FT.

DOWNTOWN

MANHATTAN — ACTIVE, CONTRACT SIGNED, CLOSED — AVG. PRICE PER SQ. FT.

Harlem UWS UES MidtownWest

MidtownEast

Chelsea WestChelsea

Hell’sKitchen

GramercyPark

Billionaire’sRow*

ACTIVE CONTRACT SIGNED CLOSED

$2,000

$1,000

$3,000

$4,000

$6,000

$7,000

$5,000

$15

00

$2,2

02

$2,19

3

$1,

976

$2,18

9

$1,76

7

$2,0

45

$2,6

35

$2,4

38

$2,19

8

$5

,118 $

6,5

85

$4

,58

2

$2,6

74

$2,3

95

$1,

96

7

$2,3

93

$2,3

66

$2,0

59 $3

,26

8

$3

,220

$2,2

74

$1,

84

9

$1,

672

$1,721

$1,

53

3

$1,7

15$9

86

$1,

40

4

Flatiron GreenwichVillage

SoHo NoHo LES FinancialDistrict

TriBeCa WestVillage

EastVillage

ACTIVE CONTRACT SIGNED CLOSED

$2,000

$1,000

$3,000

$4,000

$6,000

$7,000

$5,000

$3

,34

6

$2,7

88

$2,5

50

$2,5

03

$2,17

1

$2,4

19 $3

,46

5

$2,6

60

$2,5

43 $3

,727

$3

,29

5

$3

,08

5

$1,

574

$1,

929

$1,

85

6

$1,

518

$2,0

05

$2,4

16

$2,2

17

$2,0

18

$3

,48

4

$2,8

97

$2,116

$2,4

95

$2,4

63

HPDM | HPDMNY.COM | 2016 Second Quarter Report | 8

Analysis by Unit TypeMANHATTAN AND BROOKLYN

MANHATTAN — MEDIAN PRICE PER UNIT TYPE

BROOKLYN — MEDIAN PRICE PER UNIT TYPE

MANHATTAN — TOTAL UNITS BY BEDROOM

BROOKLYN — TOTAL UNITS BY BEDROOM

$4M

$2M

$6M

$8M

$10M

$12M

$14M

$16M

$18M

46

517

662

467225

80

5 BED4 BED3 BED2 BED1 BEDSTUDIO

500

400

300

200

100

600

700

NUMBER OF UNITS

ACTIVE CONTRACT SIGNED CLOSED TOTAL NUMBER OF UNITS

$74

9K

$1.

0M

$1.

14M

$1.

41M

$1.

33

M

$1.

35

M

$3

.03

M

$2.6

6M

$2.7

5M

$5

.37M

$5

.15

M

$5

.95

M $8

.96

M

$7.6

3M

$9

.0M

$17

.03

M

$14

.38

M

$12

.4M

4 BED3 BED2 BED1 BEDSTUDIO

NUMBER OF UNITS

ACTIVE CONTRACT SIGNED CLOSED TOTAL NUMBER OF UNITS

$5

51K

$8

99

K

$1.

56

M

$2.4

7M

$3

.81M

$5

90

K

$8

77K

$1.

50

M $2.7

5M

$3

.53

M

$74

2K

$6

25

K

$1.

32M

$2.4

4M

&'"

0

20

40

60

80

100

120

$1M

$2M

$3M

$4M

$5M

$6M

14

84 112

86

43

$5

.25

M

5 BED4 BED3 BED2 BED1 BEDSTUDIO

22

20

ACTIVE CONTRACT SIGNED CLOSED

25

1

34

7

278

156

129 14

6

73 27

12

137

169

116

4250

100

150

200

250

300

350

400

7 17 48

0

4 BED3 BED2 BED1 BEDSTUDIO

66

ACTIVE CONTRACT SIGNED CLOSED

55

70

58

29

3 16

29

19

1313 13

91 1

80

70

60

50

40

30

20

10

10

In Q2 2016 two bedroom units experienced the most deal volume by unit type in Manhattan, with approximately 315 two

bedroom units entering into contract or closing in Manhattan. Similarly, in Brooklyn two bedroom units saw the most deal

volume by unit type in Q2 2016 with 42 units entering into contract or closing. Median Contract Signed pricing for two

bedrooms in Manhattan declined 7.9% quarter-over-quarter to $2.66M, which also represents a 1.5% decrease year-over-year

from Q2 2015. In Brooklyn, median Contract Signed pricing for two bedrooms rose 2% quarter-over-quarter to $1.5M. In

Manhattan, two bedrooms have the most Active listings at nearly 350, while two bedrooms also comprise the most Active

listings in Brooklyn with 70.

HPDM | HPDMNY.COM | 2016 Second Quarter Report | 9

Price Point Analysis MANHATTAN AND BROOKLYN

$0-1M$1M-2M$2M-3M$3M-4M$4M-5M$5M+

37.3

%

6.9

%

11.5

% 8.2

%

14.2

%%

22.0

%

$0-1M$1M-2M$2M-3M$3M-4M$4M-5M$5M+

28

.4%

30

.7%

20

.3%

9.3

%

4.4

%

6.2

%

$0-1M$1M-2M$2M-3M$3M-4M$4M-5M$5M+

30

.2%

21.

1%

6.9

%

20

.3%

11.7

%

9.9

%

26

.4%

$0-1M$1M-2M$2M-3M$3M-4M$4M-5M$5M+

19.8

%

40

.7%

18.5

%

8.6

%

7.4

%

4.9

%

$0-1M$1M-2M$2M-3M$3M-4M$4M-5M$5M+

7.3

% 14

.9%

14.9

%

8.7

%

26

.6%

27.6

%

2.7

%

0.0

%

5.4

%

13.5

%

$0-1M$1M-2M$2M-3M$3M-4M$4M-5M$5M+

45

.9%

32.4

%

37.3% of all Active new development listings in Manhattan are priced above $5M,

down from 42.6% in Q1 2016, and well below a high of 52% in Q1 2015. 15.4% of

Active listings remain priced above $10M, down from 19.3% in Q1 2016.

Q2 2016 PRICE POINT MANHATTAN — ACTIVE

Q2 2016 PRICE POINT BROOKLYN — ACTIVE

MANHATTAN — CONTRACT SIGNED

BROOKLYN — CONTRACT SIGNED BROOKLYN — CLOSED

MANHATTAN — CLOSED

Both Manhattan and Brooklyn saw a sharp increase in percentage of deals signed

at lower price points. In Manhattan the total percentage of new development

deals entering contract from $1M to $3M rose to 51.3% in Q2 2016 from 43.1% in

Q4 2015. In Brooklyn the total percentage of new development deals entering

contract from $1M to $3M rose to 59.2% in Q2 2016 from 47.1% in Q1 2016.

HPDM | HPDMNY.COM | 2016 Second Quarter Report | 10

318 W 47 318 W 47, HELL’S KITCHEN

www.318w47.com

HPDM | HPDMNY.COM | 2016 Second Quarter Report | 11

Total Inventory MANHATTAN AND BROOKLYN

The largest amount of total inventory in Manhattan is concentrated in the Financial

District, followed closely by the Upper West Side and the Upper East Side. In

Brooklyn the highest total inventory is found in Williamsburg, Prospect Heights, and

Boerum Hill. The graphs below present total inventory by neighborhood along with

the corresponding percentage of units sold.

MANHATTAN TOTAL INVENTORY

BROOKLYN TOTAL INVENTORY

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

FINANCIALDISTRICT

LESWEST EASTVILLAGE VILLAGE

TRIBECANOHOSOHOGREEN.VILLAGE

FLATIRONGRAM.PARK

HELL'SKITCHEN

WESTCHELSEA

CHELSEAMIDTOWNEAST

BN.ROW*

MIDTOWNWEST

UESUWSHARLEM

59%

37%

45%

72%

84%

23%

41% 52%

87%

52%

675

11

45

4

1312

148 18

8

543

84220

23

8

412

162

PERCENTAGE SOLD

79% 39%

54%48%

68%

57%

43%

57%

32%

TOTAL UNITS PERCENT SOLD

125

7

119

6

103

5

114

195

23

5

86

8

200

400

600

800

1000

1200

1400

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

PROSPECTHEIGHTS

GREENPOINTDUMBODOWNTOWNBROOKLYN

BOERUM HILLCROWN HEIGHTS

CLINTON HILLCARROLL GARDENS

BROOKLYNHEIGHTS

78%64%

43%

100%

20

7

18 14

33

9

188

144

3632

19

121

PERCENTAGE SOLD

PARK SLOPE

15%

98

WILLIAMSBURG

47% 44

4

92%88%

15%58%

59%

TOTAL UNITS

50

150

100

200

300

250

400

350

450

500

Total Inventory is defined as all new development units, both currently listed as either

Active, Contract Signed, or Closed, as well as those units not yet released to the

market. Available Units is defined as new development units that are either currently

listed as Active or those not yet released to the market. These numbers include units

released prior to 2016, provided they are in a project that has not sold out all sponsor

units. This data provides a comprehensive look at new development inventory by

including unreleased units.

*Billionaire's Row comprised of: 157 W 57th, 20 W 53rd, 432 Park Ave, 21 E 61st, 22 CPS, 53 W 53rd

HPDM | HPDMNY.COM | 2016 Second Quarter Report | 12

Further Insight

Downtown Manhattan continues to experience the most new development

activity by volume in Q2 2016, followed by Brooklyn and the Upper East Side.

Most notably, closed deal volume increased in Downtown Manhattan by 38%

quarter-over-quarter, rising from 242 units in Q1 2016 to 333 units in Q2 2016.

Deal volume for signed contracts in Downtown Manhattan also increased sharply,

rising from 114 units in the previous quarter to 191 units in Q2 2016, a 68% increase.

Studio and one bedroom units in Brooklyn are becoming more efficiently sized, widening

the square footage gap between Manhattan and Brooklyn in those unit types. Currently,

median sizing for new development studios in Brooklyn is 446 sq. ft., while in Manhattan

the median size is 600 sq. ft. Median size for one bedroom units in Brooklyn is 657 sq.ft.,

while the median for one bedroom units in Manhattan is 791 sq. ft.

NEW DEVELOPMENT LISTINGS BY NEIGHBORHOOD MEDIAN SIZE (SQ. FT.) BY UNIT TYPE

BKLYN**UPPERMANHATTAN

DOWNTOWNBNROW*

MIDTOWNWEST

MIDTOWNEAST

UWSUES

ACTIVE CONTRACT SIGNED CLOSED

166

80 91

81

63

54

9

77

225

47

41

23 34 44

42

5

191

43

81

59

12 15

33

3

9

37 100

200

300

400

500

600

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

5 BR4 BR3 BR2 BR1 BRSTUDIO

MANHATTAN BROOKLYN

60

0

79

1

2,2

45

44

6

65

7

1,73

7

1,4

18

1,10

3

3,1

81

4,5

21

2,8

59

2,5

80

*Billionaire's Row comprised of: 157 W 57th, 20 W 53rd, 432 Park Ave, 21 E 61st, 22 CPS** Brooklyn neighborhoods tracked: Bedford Stuyvesant, Boerum Hill, Brooklyn Heights, Bushwick, Carroll Gardens, Clinton Hill, Crown Heights, Downtown Brooklyn, DUMBO, Greenpoint,

Park Slope, Prospect Heights, Redhook, Williamsburg.

MANHATTAN AND BROOKLYN

Contact

445 Park Avenue, 10th Floor | New York, NY 10022

HPDMNY.com

212 521 5757

COMING THIS QUARTER

19 Park Place

TriBeCa

www.19pptribeca.com

610 Warren

Boerum Hill

www.610Warren.com

Prepared by Matthew Petrallia, Director of Market Research and AnalyticsThe information presented here has been gathered from resources deemed reliable and refined by HPDM internal research, though it may be subject to errors, omissions, changes or withdrawal without notice. This information may not be copied, commercially used or distributed without HPDM’s prior consent.

For questions or comments regarding this report please contact research@hpdmny.com