TerraCRG and its multifamily sales teams continue to demonstrate to owners the advantages of utilizing our firm’s sales platform. With record-setting sales transactions completed across the Brooklyn market, including highest price per square foot and price per unit sale prices achieved in Park Slope, Carroll Gardens, Cobble Hill, Crown Heights, Lefferts Gardens, Bushwick and Bedford-Stuyvesant.

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Matthew Cosentino
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The new rent laws created uncertainty in the valuation of rent regulated multifamily assets causing a significant decrease in dollar volume, however the strength of the overall market still produced record price/SF numbers as buyers shifted focus to free market multifamily assets.

Matt Cosentino, Partner

Brooklyn 2019 Market Report Multifamily

Download the 2019 Brooklyn Multifamily Report

Multifamily Insights

2019 Avg Sale Price: $5.8m

Average Price by Region

  • Bed-Stuy/Bushwick/Crown Heights $4.2m
  • Central Brooklyn $6.3m
  • East Brooklyn $2.8m
  • Greater Downtown Brooklyn $6.8m
  • North Brooklyn $18m
  • South Brooklyn $4.5m
  • West Brooklyn $2.6m

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

Ofer Cohen, Founder & CEO

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