The mixed-use asset class saw the largest number of transactions across all asset types with 327 transactions in 2019. Also, in 2019, there was a total of 93 retail transactions in Brooklyn, totaling approximately $669M, a 26% increase from 2018.

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Retail dollar volume is up 27% throughout Brooklyn in 2019 which could symbolize the importance of brick-and-mortar retail as residential developments continue to rise. South Brooklyn saw both the highest number of transactions and dollar volume with $268M across 32 trades which could be influenced by new construction units coming to these already established neighborhoods.

Peter Matheos, Vice President, Investment Sales

The mixed-use asset class saw the largest number of transactions across all asset types with 327 transactions in 2019. Although dollar volume was slightly down from 2018, the average PPSF was up 10% from $433/SF in 2018 to $475/SF in 2019. The Central Brooklyn region saw the highest number of transactions for four years in a row with a total number of 80 transactions for 2019.

Matt Cosentino, Partner

Retail/Mixed-Use Insights

2019 Avg Sale Price: $4.9m

Average Sale Price by Region

  • Bed-Stuy/Bushwick/Crown Heights - Retail $3.2m
  • Bed-Stuy/Bushwick/Crown Heights - Mixed-Use $1.7m
  • Central Brooklyn - Retail $3.3m
  • Central Brooklyn - Mixed-Use $1.7m
  • East Brooklyn - Retail $1.4m
  • East Brooklyn - Mixed-Use $977.1k
  • Greater Downtown Brooklyn - Retail $5.2m
  • Greater Downtown Brooklyn - Mixed- Use $6.3m
  • North Brooklyn - Retail $41m
  • North Brooklyn - Mixed-Use $5.4m
  • South Brooklyn - Retail $8.4m
  • South Brooklyn - Mixed-Use $1.6m
  • West Brooklyn - Retail $3.3m
  • West Brooklyn - Mixed-Use $2.1m

1 Knickerbocker Avenue Case Study

Matt Cosentino, along with his team, were the sole brokers in the sale of a mixed-use building located at 1 Knickerbocker Avenue, in East Williamsburg/Bushwick.

Located on the border of East Williamsburg and Bushwick, this corner property was formerly home to 1 Knickerbocker Bar and Restaurant & Kings County Bar.

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