Downtown Brooklyn at a Glance
Since its rezoning in 2004, Downtown Brooklyn has undergone a complete transformation, with several large-scale commercial and residential development projects including Barclays Center, Pacific Park, City Point, and the Brooklyn Cultural District. Home to New York City's 3rd largest business district and major corporate tenants like Chase and National Grid, the neighborhood also features a vibrant retail corridor centered along Fulton Street and numerous hotels. Downtown Brooklyn is a major college town comprised of highly-respected educational institutions, including NYU Tandon School of Engineering, LIU Brooklyn, New York City College of Technology, and St. Francis College. The neighborhood's transit access is unparalleled, with 13 subway lines, the LIRR, and many bus routes servicing it.
There were 14 transactions in 2021 with an average sale price of $25,603,557
6,054 Residential Units in the Development pipeline
More than 36,000 people work in Downtown Brooklyn
Residential Market: 2020
Avg Residential Rent
$3,000
Avg Price for Condo Sellouts
$1,300,000
Approx No. of Residential Units in the Development Pipeline
6,054
Investment Sales: 2021
Total Dollar Volume of Investment Sales
$358,450,080
Avg Office Sale PPSF
$688
Avg Multifamily Sale PPSF
$764
Avg Retail PPSF
$1,139
Avg Development Site Sale PPBSF
$236
Additional Demographics: 2020
Avg Household Income
$186,984
Total Population
63,378
Transportation
Subways
Other Transportation
Long Island Rail Road
Neighborhood Vibes
In addition to its many large office buildings, Downtown Brooklyn contains a core of highly-respected educational institutions, including NYU Tandon School of Engineering, New York City College of Technology, and LIU Brooklyn, to name just a few. Serving this growing population, both local and national chain restaurants and stores line many of the major streets.
MetroTech Commons
An outdoor oasis in the middle of an office and educational hub, MetroTech Commons hosts exhibits, live performances, and special events year-round.
Junior's
You may know it for its world-famous cheesecake, but Junior's is also a Downtown Brooklyn establishment and the perfect corner spot to grab a drink and watch the neighborhood pass by along DeKalb or Flatbush Avenues.
Neighborhood Attractions
