The average price per SF of multifamily buildings this year in Brooklyn was $403 up from 2021’s average of $367. The average price per unit was approximately $368K, up from $320k in 2021.
The Greater Downtown Brooklyn region achieved the highest average price per SF at $708.
550 East 21st Street, 850 East 17th Street, 855 East 19th Street, 3111 Aurelia CourtMidwood
Brooklyn 2022 Market Report Multifamily
2022 Avg Sale Price: $6.4M
Average Sale Price by Region
- Central Brooklyn $8.2M
- East Brooklyn $1.8M
- Greater Downtown Brooklyn $10.5M
- North Brooklyn $8.7M
- North-Central Brooklyn $3.3M
- South Brooklyn $10.4M
- West Brooklyn $3M
Eighth Avenue Portfolio Case Study
Our multifamily team were the sole brokers in the sale $37,00,000 of a 47-unit portfolio on Eighth Avenue in Park Slope.
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