In 2017, Brooklyn is leading in new condo development with over 3,500 units in the pipeline across 202 properties and over 1.4M SF

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The residential development market showed continued resiliency in 2017, edging towards a volume recovery.

Ofer Cohen, Founder & Partner

Development Insights

2017 Avg Sale Price: $3.92m

Average Sale Price by Region

  • Bed-Stuy/Bushwick/Crown Heights $2.73m
  • Central Brooklyn $2.48m
  • East Brooklyn $927.7k
  • Greater Downtown Brooklyn $15.48m
  • North Brooklyn $8.34m
  • South Brooklyn $1.81m
  • West Brooklyn $2.37m

10 Nevins Street Case Study

Ofer Cohen and Melissa Warren, along with their team were the sole brokers in the sale of the development site located at 10 Nevins Street in Downtown Brooklyn.

With over 14,000 residential units in Downtown Brooklyn’s development pipeline at the time of the sale, Team Cohen/Warren had to make sure this nearly shovel-ready site stood out in a congested market.

In a market dominated by rental units, 10 Nevins is positioned to be one of the largest condo projects in Downtown Brooklyn.

Ofer Cohen, Founder & President

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