In 2021, there was a total of 315 multifamily transactions in Brooklyn, representing 4,899 units for a total consideration of $1.53M. In 2020, there was a total of 184 transactions totaling approximately $1.1B.

The North-Central Brooklyn region had the highest number of multifamily transactions with 95 transactions.

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The multifamily category saw a significant rebound in 2021 with an approximate 65% increase in transaction volume over 2020, with over 70% of these transactions being tax class protected buildings.

Matt Cosentino, Partner

Brooklyn 2021 Market Report Multifamily

Download the 2021 Brooklyn Multifamily Report

Multifamily Insights

2021 Avg Sale Price: $4.85M

Average Sale Price by Region

  • Central Brooklyn $3.6M
  • East Brooklyn $8.4M
  • Greater Downtown Brooklyn $9.1M
  • North Brooklyn $6.3M
  • North-Central Brooklyn $3.3M
  • South Brooklyn $2.2M
  • 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.

The team conducted three highest and best bidding rounds, increasing the sale price by 15%, which resulted in an additional $6,000,000 for the seller

Ofer Cohen, Founder & CEO

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