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.
718-768-6888
The average price per SF of multifamily buildings in 2021 in Brooklyn was $362, down approximately 2% from 2020’s average of $324. The average price per unit was approximately $312K, up approximately 10% from $320K in 2020. The North-Cental Brooklyn region achieved the highest number of multifamily transactions with 95 out of Brooklyn's 315 total transactions.
The average price per SF of mixed-use building transactions in 2021 in Brooklyn was $508/SF, up from 2020's average of $503, with an average price increase of approximately 2%. The North Brooklyn region achieved the highest average price per SF at $635.
The average price per SF of retail buildings in 2021 in Brooklyn was $609, up from 2020’s average of $574. The average price was approximately $3.6M, down 49% from approximately $7M in 2020. The West Brooklyn region achieved the highest average price per SF at $748.
The average price per SF of industrial buildings in 2021 in Brooklyn was $300, comparable to 2020's average of $338. The West Brooklyn region achieved the highest average price per SF at $428.
In 2021, the average price per buildable SF of development sites was $187, slightly down from 2020’s average of $197. The North Brooklyn region achieved the highest average price per buildable SF at $362.