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East New York & Cypress Hills multifamily & commercial real estate market

Recorded sales, prices, construction, lending and ownership for income and commercial property in East New York & Cypress Hills, updated monthly from NYC public records. Data through July 2026. Covers East New York and Cypress Hills.

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$633.8M461 sales, last 12 months▲ 7.5% YoY
$366Median price / sq ft▼ 0.5% YoY
$344KMedian price / unit (multifamily)▲ 0.2% YoY
92Off-market listings on Crezly now
September 2026 summary

461 income-property sales were recorded in East New York & Cypress Hills over the 12 months ending July 2026, up 14.4% from the prior 12 months, with dollar volume of $633.8M, up 7.5%. The median price per square foot was $366, down 0.5%, while the median price per residential unit for multifamily and mixed-use properties was $344K, up 0.2%. DOB construction permits totaled 856, down 10.6%. 2.9% of multifamily and mixed-use parcels carried a Motivated-Seller Score of 10 or higher, matching the citywide share of 2.9%. Rocket Mortgage, LLC was the most active lender, recording 31 mortgages.

Market trends

Recorded sales volume by month

August 2024 – July 2026. Hover or tap a month for its figure.

$0$50M$100M$150M$200MAugust 2024: $29.9M in recorded salesSeptember 2024: $20.7M in recorded salesOctober 2024: $30.4M in recorded salesNovember 2024: $24.6M in recorded salesDecember 2024: $71.6M in recorded salesJanuary 2025: $142.7M in recorded salesFebruary 2025: $31M in recorded salesMarch 2025: $45.7M in recorded salesApril 2025: $40.8M in recorded salesMay 2025: $93.1M in recorded salesJune 2025: $24.2M in recorded salesJuly 2025: $35.1M in recorded salesAugust 2025: $49.7M in recorded salesSeptember 2025: $31.4M in recorded salesOctober 2025: $49.1M in recorded salesNovember 2025: $47.8M in recorded salesDecember 2025: $49.4M in recorded salesJanuary 2026: $40.7M in recorded salesFebruary 2026: $34.9M in recorded salesMarch 2026: $104.7M in recorded salesApril 2026: $47M in recorded salesMay 2026: $32.5M in recorded salesJune 2026: $29.3M in recorded salesJuly 2026: $117.3M in recorded sales$117.3MOct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
$0$50M$100M$150M$200MAugust 2024: $29.9M in recorded salesSeptember 2024: $20.7M in recorded salesOctober 2024: $30.4M in recorded salesNovember 2024: $24.6M in recorded salesDecember 2024: $71.6M in recorded salesJanuary 2025: $142.7M in recorded salesFebruary 2025: $31M in recorded salesMarch 2025: $45.7M in recorded salesApril 2025: $40.8M in recorded salesMay 2025: $93.1M in recorded salesJune 2025: $24.2M in recorded salesJuly 2025: $35.1M in recorded salesAugust 2025: $49.7M in recorded salesSeptember 2025: $31.4M in recorded salesOctober 2025: $49.1M in recorded salesNovember 2025: $47.8M in recorded salesDecember 2025: $49.4M in recorded salesJanuary 2026: $40.7M in recorded salesFebruary 2026: $34.9M in recorded salesMarch 2026: $104.7M in recorded salesApril 2026: $47M in recorded salesMay 2026: $32.5M in recorded salesJune 2026: $29.3M in recorded salesJuly 2026: $117.3M in recorded sales$117.3MJan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthSalesVolume
August 202430$29.9M
September 202424$20.7M
October 202435$30.4M
November 202422$24.6M
December 202436$71.6M
January 202542$142.7M
February 202536$31M
March 202535$45.7M
April 202543$40.8M
May 202528$93.1M
June 202528$24.2M
July 202544$35.1M
August 202543$49.7M
September 202537$31.4M
October 202549$49.1M
November 202537$47.8M
December 202543$49.4M
January 202637$40.7M
February 202641$34.9M
March 202641$104.7M
April 202644$47M
May 202633$32.5M
June 202631$29.3M
July 202625$117.3M

Median price per square foot

Rolling 3-month median of recorded sales with a building area. Gaps mean fewer than five priced sales.

$300$400August 2024: $371 per sq ft (3-month median)September 2024: $371 per sq ft (3-month median)October 2024: $368 per sq ft (3-month median)November 2024: $357 per sq ft (3-month median)December 2024: $368 per sq ft (3-month median)January 2025: $364 per sq ft (3-month median)February 2025: $364 per sq ft (3-month median)March 2025: $358 per sq ft (3-month median)April 2025: $354 per sq ft (3-month median)May 2025: $368 per sq ft (3-month median)June 2025: $388 per sq ft (3-month median)July 2025: $388 per sq ft (3-month median)August 2025: $368 per sq ft (3-month median)September 2025: $359 per sq ft (3-month median)October 2025: $355 per sq ft (3-month median)November 2025: $359 per sq ft (3-month median)December 2025: $366 per sq ft (3-month median)January 2026: $374 per sq ft (3-month median)February 2026: $375 per sq ft (3-month median)March 2026: $366 per sq ft (3-month median)April 2026: $368 per sq ft (3-month median)May 2026: $374 per sq ft (3-month median)June 2026: $382 per sq ft (3-month median)July 2026: $389 per sq ft (3-month median)$389Oct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
$300$400August 2024: $371 per sq ft (3-month median)September 2024: $371 per sq ft (3-month median)October 2024: $368 per sq ft (3-month median)November 2024: $357 per sq ft (3-month median)December 2024: $368 per sq ft (3-month median)January 2025: $364 per sq ft (3-month median)February 2025: $364 per sq ft (3-month median)March 2025: $358 per sq ft (3-month median)April 2025: $354 per sq ft (3-month median)May 2025: $368 per sq ft (3-month median)June 2025: $388 per sq ft (3-month median)July 2025: $388 per sq ft (3-month median)August 2025: $368 per sq ft (3-month median)September 2025: $359 per sq ft (3-month median)October 2025: $355 per sq ft (3-month median)November 2025: $359 per sq ft (3-month median)December 2025: $366 per sq ft (3-month median)January 2026: $374 per sq ft (3-month median)February 2026: $375 per sq ft (3-month median)March 2026: $366 per sq ft (3-month median)April 2026: $368 per sq ft (3-month median)May 2026: $374 per sq ft (3-month median)June 2026: $382 per sq ft (3-month median)July 2026: $389 per sq ft (3-month median)$389Jan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthMedian $/sf (3-mo)
August 2024$371
September 2024$371
October 2024$368
November 2024$357
December 2024$368
January 2025$364
February 2025$364
March 2025$358
April 2025$354
May 2025$368
June 2025$388
July 2025$388
August 2025$368
September 2025$359
October 2025$355
November 2025$359
December 2025$366
January 2026$374
February 2026$375
March 2026$366
April 2026$368
May 2026$374
June 2026$382
July 2026$389

Construction permits issued

Initial DOB NOW permits for construction work (sheds, fences, scaffolds and signs excluded) — a leading indicator of repositioning and new supply.

0255075100August 2024: 84 construction permitsSeptember 2024: 89 construction permitsOctober 2024: 88 construction permitsNovember 2024: 90 construction permitsDecember 2024: 86 construction permitsJanuary 2025: 93 construction permitsFebruary 2025: 66 construction permitsMarch 2025: 87 construction permitsApril 2025: 81 construction permitsMay 2025: 71 construction permitsJune 2025: 46 construction permitsJuly 2025: 77 construction permitsAugust 2025: 82 construction permitsSeptember 2025: 61 construction permitsOctober 2025: 86 construction permitsNovember 2025: 50 construction permitsDecember 2025: 100 construction permitsJanuary 2026: 82 construction permitsFebruary 2026: 50 construction permitsMarch 2026: 55 construction permitsApril 2026: 71 construction permitsMay 2026: 73 construction permitsJune 2026: 82 construction permitsJuly 2026: 64 construction permits64Oct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
0255075100August 2024: 84 construction permitsSeptember 2024: 89 construction permitsOctober 2024: 88 construction permitsNovember 2024: 90 construction permitsDecember 2024: 86 construction permitsJanuary 2025: 93 construction permitsFebruary 2025: 66 construction permitsMarch 2025: 87 construction permitsApril 2025: 81 construction permitsMay 2025: 71 construction permitsJune 2025: 46 construction permitsJuly 2025: 77 construction permitsAugust 2025: 82 construction permitsSeptember 2025: 61 construction permitsOctober 2025: 86 construction permitsNovember 2025: 50 construction permitsDecember 2025: 100 construction permitsJanuary 2026: 82 construction permitsFebruary 2026: 50 construction permitsMarch 2026: 55 construction permitsApril 2026: 71 construction permitsMay 2026: 73 construction permitsJune 2026: 82 construction permitsJuly 2026: 64 construction permits64Jan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthPermits
August 202484
September 202489
October 202488
November 202490
December 202486
January 202593
February 202566
March 202587
April 202581
May 202571
June 202546
July 202577
August 202582
September 202561
October 202586
November 202550
December 2025100
January 202682
February 202650
March 202655
April 202671
May 202673
June 202682
July 202664

What trades here

Share of recorded sales by asset class, last 12 months.

Multifamily: 366 sales (79%)Multifamily79% · 366Mixed Use: 31 sales (7%)Mixed Use7% · 31Other: 18 sales (4%)Other4% · 18Development: 18 sales (4%)Development4% · 18Industrial: 12 sales (3%)Industrial3% · 12Retail: 11 sales (2%)Retail2% · 11Office: 4 sales (1%)Office1% · 4Hospitality: 1 sales (0%)Hospitality0% · 1
Multifamily: 366 sales (79%)Multifamily79% · 366Mixed Use: 31 sales (7%)Mixed Use7% · 31Other: 18 sales (4%)Other4% · 18Development: 18 sales (4%)Development4% · 18Industrial: 12 sales (3%)Industrial3% · 12Retail: 11 sales (2%)Retail2% · 11Office: 4 sales (1%)Office1% · 4Hospitality: 1 sales (0%)Hospitality0% · 1
Show the data
Asset classSales
Multifamily366
Mixed Use31
Other18
Development18
Industrial12
Retail11
Office4
Hospitality1

Seller distress

2.9% of 14,009 multifamily and mixed-use parcels in East New York & Cypress Hills carry a Motivated-Seller Score of 10+ as of September 2026, unchanged from 2.9% in August 2026. Citywide the figure is 2.9%.

The score weighs estimated loan maturity, tax liens, open HPD violations, evictions, ownership tenure and transfer activity. It is a signal, not a prediction.

See the parcels behind this number →

Biggest sales last quarter

PropertyTypeRecordedPrice
101 Pennsylvania AvenueOfficeJul 2026$89.9M
1118 Pennsylvania AvenueRetailJun 2026$4M
3513 Atlantic AvenueRetailMay 2026$3.6M
1003 Liberty AvenueRetailMay 2026$3.6M
3400 Atlantic AvenueIndustrial / WarehouseJul 2026$3.5M

Most active lenders

Institutional mortgages recorded in the last 12 months.

  1. Rocket Mortgage, LLC31 loans · $10.3M
  2. United Wholesale Mortgage, LLC29 loans · $18M
  3. JPMorgan Chase Bank, N.A.25 loans · $16.4M
  4. Nationwide Mortgage Bankers, INC.23 loans · $16.1M
  5. Citizens Bank NA21 loans · $58.7M
Lender directory →

Largest owners

Income-property parcels held, public record (companies only).

  1. Mhany 2015 Housing Development Fund Corp53 parcels · 196 units
  2. Hpeny Housing Development Fund Company, INC.45 parcels · 514 units
  3. Clarendon Holding Coinc32 parcels · 2 units
  4. Nehemiah Spring Creek 4c Housing Development Fund30 parcels · 240 units
  5. Sapphire Amber LLC20 parcels · 2 units
Largest Brooklyn landlords → · Owner directory

Off-market deals in East New York & Cypress Hills

$3.4MPortfolio Crown Heights
$725K2 Family Brownsville2 units
Inquire2 Family East New York2 units
$750K2 Family East NY2 units

All 92 listings in East New York & Cypress Hills →

Frequently asked questions

What is the price per square foot for commercial and multifamily property in East New York & Cypress Hills?

The median recorded sale was $366 per square foot across 440 priced income-property sales in the 12 months to July 2026, down 0.5% on the prior year.

How much do multifamily buildings sell for per unit in East New York & Cypress Hills?

Multifamily and mixed-use buildings sold for a median of $344K per residential unit in the 12 months to July 2026, across 397 recorded sales.

How many commercial real estate sales were there in East New York & Cypress Hills last year?

461 income-property sales worth $633.8M were recorded in the 12 months to July 2026 (deeds of $100,000 or more, excluding single-family homes and condo units).

Who lends on commercial property in East New York & Cypress Hills?

The most active institutional lender over the last 12 months was Rocket Mortgage, LLC, with 31 recorded mortgages. The Crezly lender directory ranks every lender by recorded loans.

Track East New York & Cypress Hills deals as they happen

New sales, permits, off-market listings and distress signals, in one weekly brief.
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Nearby neighborhoods

Property records in East New York & Cypress Hills

Brooklyn market · NYC market overview · Brooklyn property records index · Motivated sellers · Lender directory · Property map

Compiled by Crezly from NYC public records: ACRIS deeds and mortgages (recorded through July 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.