Each of our Investment Sales teams focus on specific asset types in Brooklyn. This specialized approach pairs clients with the most knowledgeable brokers, ensuring a successful process.
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The average price per SF of multifamily buildings in 2019 in Brooklyn was $367, up 91% from 2018’s average of $192. The average price per unit was approximately $308K, up 55% from approximately $199K in 2018. The North Brooklyn region achieved the highest average price per SF at $640.
The average price per SF of retail building transactions in 2019 in Brooklyn was $590/SF, a slight decrease from $609/SF in 2018. The North Brooklyn region achieved the highest average price per SF at $1,868, down 15% from 2018.
The average price per SF of industrial/office buildings in 2019 in Brooklyn was $467, comparable to $491 in 2018. The West Brooklyn region achieved the highest average price per SF at $665.
In 2019, the average price per buildable SF of development sites was $207, slightly down from 2018’s average of $219. The North Brooklyn region achieved the highest average price per buildable SF at $484, a 26% increase from 2018.
