In 2015, TerraCRG verified 605 Retail/Mixed-Use transactions in Brooklyn. The total consideration was over $1.6 billion, an increase of 57% in dollar volume from 2014.

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The retail market saw a significant jump in 2015, almost double the price of the average transaction from 2014.

Peter Matheos, Vice President, Investment Sales

Mixed-Use buildings are ideal investments in Brooklyn because you get both the tremendous upside potential of the retail portion and the reliability and consistent upside of the residential units.

Matt Cosentino, Vice President, Investment Sales

Retail/Mixed-Use Insights

2016 Avg Sale Price: $2.2m

Average Sale Price by Region

  • Bed-Stuy/Bushwick/Crown Heights $2.17m
  • Central Brooklyn $1.33m
  • East Brooklyn $841k
  • Greater Downtown Brooklyn $4.29m
  • North Brooklyn $4.83m
  • South Brooklyn $1.21m
  • West Brooklyn $1.65m

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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