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 2017 in Brooklyn was $371, up slightly from 2016’s average of $361. The average price per unit was approximately $303K, up 6% from approximately $285K in 2016.
The average price per SF of retail building transactions in 2017 in Brooklyn was $605, down 13% from 2016’s average of $694.
In 2017, there was a total of 80 industrial/ office transactions in Brooklyn, totaling approximately $1.2B. The average price per SF of industrial/ office buildings in 2017 in Brooklyn was $409, up 20% from 2016’s average of $341.
After a two year transactional volume decline, the residential development market seems to be edging towards a volume recovery. While total dollar volume continued to decline slightly in 2017, there was still a robust $1 billion market of total development site sale transactions last year, compared with $2 billion in 2015, with both a slight increase in price per buildable SF, as well as an increase in total number of transactions.
