Brooklyn investment sales in Q1 2025 rose 25% in total dollar volume year-over-year, compared to Q1 2024. However, volume was down 61% from the previous quarter (Q4 2024). The average transaction size also increased year-over-year, rising 25% from $3.6 million to $4.5 million.
Brooklyn 2025
Q1 Report
Market Report
In 2024, the Brooklyn investment sales market recorded a total dollar volume of $7.8 Billion with a total of 1,198 investment sales transactions. The results show a 51% increase in dollar volume and a 12% increase in transactional volume compared to the same period last year. The average transaction size in 2024 was $6.5M which was a 35% increase compared to the average of $4.8M in 2023.
Brooklyn 2024
Full Report
Market Report
In Brooklyn, the total commercial transaction volume year-to-date has exceeded $4.8 billion, marking a $1 billion increase compared to the same period last year. There have been 869 investment sale transactions.
Brooklyn 2023
Market Report
Last year office buildings dollar sales volume in Brooklyn had increased, but prices were down as distressed office transactions trade at significant discounts. Average price per square foot has dropped 44% where properties such as The Whale building in Sunset Park and 1000 Dean Street in Crown Heights have transacted in 2023 at nearly half the value in years past. Vacancies due to post-pandemic hybrid work scenarios continue to contribute to the devaluation and distress of large office buildings.
Brooklyn 2023
Office
Market Report
Multifamily had over $1.1 Billion worth of building sales in 2023 and saw the lowest average PPSF over the last five years at $293/PSF. However, the 2019 Rent Laws continue to drive demand for free market multifamily deals often creating aggressive pricing on these deals.
Brooklyn 2023
Multifamily
Market Report
here were over $1 Billion worth of Mixed-Use building sales in 2023. Average PPSF of Mixed-Use building sales have seen slow steady growth over the last five years and a 10% increase since 2019. TerraCRG sold 27% of all Park Slope mixed use transactions in 2023.
Brooklyn 2023
Mixed-Use
Market Report
Average $/BSF has been trending upward since 2021 as demand for free-market new construction product remains strong. The expired 421a program has and will continue to stunt the growth of the development market which has been propped up by increased transaction activity for small to medium size sites optimal for boutique condo development.
Brooklyn 2023
Resi Development
Market Report
Retail investment sales in Brooklyn are down 21% comparing 2023 to 2022, however the average transaction price per square foot is up 5% looking back at the last 5 years.
Brooklyn 2023
Retail
Market Report
Looking at industrial transactions over the last 5 years, average price per square foot has been consistent. Demand continues to be strong for small to mid-size industrial buildings and these buildings continue to trade at record pricing.
Brooklyn 2023
Industrial
Market Report
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