In 2019, the average price per buildable SF of development sites was $207, slightly down from 2018’s average of $219.
The North Brooklyn region achieved the highest average price per buildable SF at $484, a 26% increase from 2018.
2019 Avg Sale Price: $3.8m
Average Sale Price by Region
- Bed-Stuy/Bushwick/Crown Heights $3.8m
- Central Brooklyn $3.9m
- East Brooklyn $1.3m
- Greater Downtown Brooklyn $4.6m
- North Brooklyn $7.2m
- South Brooklyn $1.9m
- West Brooklyn $2.7m
10 Nevins Street Case Study
Ofer Cohen and Melissa Warren, along with their team were the sole brokers in the sale of the development site located at 10 Nevins Street in Downtown Brooklyn.
With over 14,000 residential units in Downtown Brooklyn’s development pipeline at the time of the sale, Team Cohen/Warren had to make sure this nearly shovel-ready site stood out in a congested market.
Brooklyn Neighborhood Guides
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