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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Brooklyn's retail market continues to show strength in 2017 with a 36% uptick in sales volume, while the total number of transactions decreased market-wide.

Peter Matheos, Vice President, Investment Sales

Most Brooklyn neighborhoods experienced an increase in the average price per square foot for mixed-use assets as investors anticipate the potential for strong retail rent growth.

Matt Cosentino, Partner

Retail/Mixed-Use Insights

2017 Avg Sale Price: $2.80m

Average Sale Price by Region

  • Bed-Stuy/Bushwick/Crown Heights - Retail $3.61m
  • Bed-Stuy/Bushwick/Crown Heights - Mixed-Use $1.71m
  • Central Brooklyn - Retail $4.07m
  • Central Brooklyn - Mixed-Use $1.78m
  • East Brooklyn - Retail $1.55m
  • East Brooklyn - Mixed-Use $881.8k
  • Greater Downtown Brooklyn - Retail $2.39m
  • Greater Downtown Brooklyn - Mixed- Use $3.71m
  • North Brooklyn - Retail $7.12m
  • North Brooklyn - Mixed-Use $3.31m
  • South Brooklyn - Retail $2.38m
  • South Brooklyn - Mixed-Use $1.36m
  • West Brooklyn - Retail $5.28m
  • West Brooklyn - Mixed-Use $1.99m

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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