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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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.

Isaiah Thomas, Associate

Brooklyn 2021 Market Report Mixed-Use

Download the 2021 Brooklyn Mixed-Use Report

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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