In 2021, there was a total of 499 mixed-use transactions in Brooklyn, representing 4,166 units for a total consideration of $2B. In 2020, there was a total of 278 transactions totaling approximately $728M.
The Central Brooklyn region had the highest number of mixed-use transactions with 88 transactions.
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Mixed-Use Transactions
The number of mixed-use transactions increased by 65% over last year, which was the largest percent change in number of transactions for all asset classes. Over 90% of these transactions were tax class protected buildings (under 11 units). We expect the mixed-use category to continue its upward trajectory in 2022 as the residential rental market continues to bounce back and retail rents stabilize.
Brooklyn 2021 Market Report Mixed-Use
Mixed-Use Insights
2021 Avg Sale Price: $4.1M
Average Sale Price by Region
- Central Brooklyn $1.6M
- East Brooklyn $3.2M
- Greater Downtown Brooklyn $3.8M
- North Brooklyn $5M
- North-Central Brooklyn $11.5M
- South Brooklyn $1.6M
- West Brooklyn $1.9M
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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Brooklyn Neighborhood Guides
Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.
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