Borough Park & Kensington multifamily & commercial real estate market
Recorded sales, prices, construction, lending and ownership for income and commercial property in Borough Park & Kensington, updated monthly from NYC public records. Data through September 2026. Covers Borough Park and Kensington.
Get new sales, permits and off-market deals here in your weekly Pulse brief.
$1.1B335 sales, last 12 months▲ 25.2% YoY
$731Median price / sq ft▲ 5.5% YoY
$863KMedian price / unit (multifamily)▲ 7.8% YoY
66Off-market listings on Crezly now
November 2026 summary
335 income-property sales were recorded in Borough Park & Kensington over the 12 months ending September 2026, totaling $1.1B. The sales count was down 5.4% versus the prior 12 months, while dollar volume was up 25.2%. The median price per square foot was $731, up 5.5%, and the median price per residential unit for multifamily and mixed-use properties was $863K, up 7.8%. DOB construction permits totaled 903, down 14.3%. 13.1% of multifamily and mixed-use parcels carried a Motivated-Seller Score of 10 or higher, compared with 16.4% citywide. Citizens Bank NA, the most active lender, recorded 77 mortgages.
Market trends
Recorded sales volume by month
October 2024 – September 2026. Hover or tap a month for its figure.
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Month
Sales
Volume
October 2024
23
$65.7M
November 2024
22
$52.5M
December 2024
36
$79.6M
January 2025
43
$117.6M
February 2025
21
$48.8M
March 2025
31
$68.7M
April 2025
33
$86.2M
May 2025
34
$72.2M
June 2025
21
$44.9M
July 2025
29
$85M
August 2025
30
$79.6M
September 2025
31
$61.5M
October 2025
18
$37.9M
November 2025
19
$50.3M
December 2025
30
$98.6M
January 2026
28
$68.4M
February 2026
35
$78.4M
March 2026
28
$236M
April 2026
19
$41.7M
May 2026
33
$94.9M
June 2026
31
$76.5M
July 2026
37
$119.7M
August 2026
27
$77.4M
September 2026
30
$100.5M
Median price per square foot
Rolling 3-month median of recorded sales with a building area. Gaps mean fewer than five priced sales.
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Month
Median $/sf (3-mo)
October 2024
$613
November 2024
$579
December 2024
$613
January 2025
$721
February 2025
$753
March 2025
$721
April 2025
$691
May 2025
$681
June 2025
$711
July 2025
$709
August 2025
$715
September 2025
$677
October 2025
$653
November 2025
$672
December 2025
$705
January 2026
$705
February 2026
$699
March 2026
$717
April 2026
$715
May 2026
$682
June 2026
$718
July 2026
$739
August 2026
$784
September 2026
$774
Construction permits issued
Initial DOB NOW permits for construction work (sheds, fences, scaffolds and signs excluded) — a leading indicator of repositioning and new supply.
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Month
Permits
October 2024
86
November 2024
69
December 2024
74
January 2025
92
February 2025
79
March 2025
82
April 2025
85
May 2025
106
June 2025
100
July 2025
119
August 2025
77
September 2025
85
October 2025
78
November 2025
87
December 2025
93
January 2026
108
February 2026
57
March 2026
78
April 2026
86
May 2026
87
June 2026
117
July 2026
77
August 2026
35
September 2026
0
What trades here
Share of recorded sales by asset class, last 12 months.
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Asset class
Sales
Multifamily
270
Mixed Use
29
Retail
10
Development
10
Industrial
7
Other
5
Office
4
Seller distress
13.1% of 12,842 multifamily and mixed-use parcels in Borough Park & Kensington carry a Motivated-Seller Score of 10+ as of November 2026, up from 1.4% in August 2026. Citywide the figure is 16.4%.
Borough Park & Kensington
NYC
The score weighs estimated loan maturity, tax liens, open HPD violations, evictions, ownership tenure and transfer activity. It is a signal, not a prediction.
What is the price per square foot for commercial and multifamily property in Borough Park & Kensington?
The median recorded sale was $731 per square foot across 322 priced income-property sales in the 12 months to September 2026, up 5.5% on the prior year.
How much do multifamily buildings sell for per unit in Borough Park & Kensington?
Multifamily and mixed-use buildings sold for a median of $863K per residential unit in the 12 months to September 2026, across 299 recorded sales.
How many commercial real estate sales were there in Borough Park & Kensington last year?
335 income-property sales worth $1.1B were recorded in the 12 months to September 2026 (deeds of $100,000 or more, excluding single-family homes and condo units).
Who lends on commercial property in Borough Park & Kensington?
The most active institutional lender over the last 12 months was Citizens Bank NA, with 77 recorded mortgages. The Crezly lender directory ranks every lender by recorded loans.
Track Borough Park & Kensington deals as they happen
New sales, permits, off-market listings and distress signals, in one weekly brief.
Compiled by Crezly from NYC public records: ACRIS deeds and mortgages (recorded through September 2026), DOB NOW permits, PLUTO and HPD. Sales are recorded deeds of $100,000+ on income and commercial property (multifamily incl. two-family, mixed-use, retail, office, industrial, development, hospitality); single-family homes and condo units are excluded. Staten Island deeds are recorded by the Richmond County Clerk and are not in ACRIS. Neighborhoods follow NYC Community District boundaries. Not legal, financial or investment advice.
