Selling Brooklyn

TerraCRG's approach to investment sales is strategically designed for the Brooklyn market with each of our team members focused on a specific asset type and neighborhood.

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Each of our Investment Sales teams focus on specific asset types in Brooklyn. This specialized approach pairs clients with the most knowledgeable brokers, ensuring a successful process.

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Multifamily

The average price per SF of multifamily buildings in 2021 in Brooklyn was $362, down approximately 2% from 2020’s average of $324. The average price per unit was approximately $312K, up approximately 10% from $320K in 2020. The North-Cental Brooklyn region achieved the highest number of multifamily transactions with 95 out of Brooklyn's 315 total transactions.

Multifamily Data & Transactions >
Mixed-Use

The average price per SF of mixed-use building transactions in 2021 in Brooklyn was $508/SF, up from 2020's average of $503, with an average price increase of approximately 2%. The North Brooklyn region achieved the highest average price per SF at $635.

Mixed-Use Data & Transactions >
Retail

The average price per SF of retail buildings in 2021 in Brooklyn was $609, up from 2020’s average of $574. The average price was approximately $3.6M, down 49% from approximately $7M in 2020. The West Brooklyn region achieved the highest average price per SF at $748.

Retail Data & Transactions >
Industrial/Office

The average price per SF of industrial buildings in 2021 in Brooklyn was $300, comparable to 2020's average of $338. The West Brooklyn region achieved the highest average price per SF at $428.

Industrial/Office Data & Transactions >
Development

In 2021, the average price per buildable SF of development sites was $187, slightly down from 2020’s average of $197. The North Brooklyn region achieved the highest average price per buildable SF at $362.

Development Data & Transactions >

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  • Multifamily
  • Mixed-Use
  • Retail
  • Industrial/Office
  • Development
  • Loan/Note Sale

Brooklyn Neighborhood Guides

Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.

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