In 2021, there was a total of 315 multifamily transactions in Brooklyn, representing 4,899 units for a total consideration of $1.53M. In 2020, there was a total of 184 transactions totaling approximately $1.1B.
The North-Central Brooklyn region had the highest number of multifamily transactions with 95 transactions.
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Multifamily Transactions
The multifamily category saw a significant rebound in 2021 with an approximate 65% increase in transaction volume over 2020, with over 70% of these transactions being tax class protected buildings.
Brooklyn 2021 Market Report Multifamily
Multifamily Insights
2021 Avg Sale Price: $4.85M
Average Sale Price by Region
- Central Brooklyn $3.6M
- East Brooklyn $8.4M
- Greater Downtown Brooklyn $9.1M
- North Brooklyn $6.3M
- North-Central Brooklyn $3.3M
- South Brooklyn $2.2M
- West Brooklyn $3M
Eighth Avenue Portfolio Case Study
Our multifamily team were the sole brokers in the sale $37,00,000 of a 47-unit portfolio on Eighth Avenue in Park Slope.
The team conducted three highest and best bidding rounds, increasing the sale price by 15%, which resulted in an additional $6,000,000 for the seller
See Full Case Study >
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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