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 October 2026. Covers East New York and Cypress Hills.
Get new sales, permits and off-market deals here in your weekly Pulse brief.
$597.6M432 sales, last 12 months▼ 6.5% YoY
$374Median price / sq ft▲ 3% YoY
$355KMedian price / unit (multifamily)▲ 1.6% YoY
95Off-market listings on Crezly now
Market trends
Recorded sales volume by month
November 2024 – October 2026. Hover or tap a month for its figure.
Show the data
Month
Sales
Volume
November 2024
22
$24.6M
December 2024
36
$71.6M
January 2025
42
$142.7M
February 2025
36
$31M
March 2025
35
$45.7M
April 2025
43
$40.8M
May 2025
28
$93.1M
June 2025
28
$24.2M
July 2025
44
$35.1M
August 2025
43
$49.7M
September 2025
37
$31.4M
October 2025
49
$49.1M
November 2025
37
$47.8M
December 2025
43
$49.4M
January 2026
37
$40.7M
February 2026
41
$34.9M
March 2026
41
$104.7M
April 2026
44
$47M
May 2026
33
$32.5M
June 2026
32
$30.5M
July 2026
33
$125.1M
August 2026
28
$28.1M
September 2026
34
$29.9M
October 2026
29
$27M
Median price per square foot
Rolling 3-month median of recorded sales with a building area. Gaps mean fewer than five priced sales.
Show the data
Month
Median $/sf (3-mo)
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
$383
July 2026
$393
August 2026
$389
September 2026
$379
October 2026
$373
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
November 2024
90
December 2024
86
January 2025
93
February 2025
66
March 2025
87
April 2025
81
May 2025
71
June 2025
46
July 2025
77
August 2025
82
September 2025
61
October 2025
86
November 2025
50
December 2025
100
January 2026
82
February 2026
50
March 2026
55
April 2026
71
May 2026
73
June 2026
82
July 2026
64
August 2026
9
September 2026
0
October 2026
0
What trades here
Share of recorded sales by asset class, last 12 months.
Show the data
Asset class
Sales
Multifamily
340
Mixed Use
32
Other
15
Industrial
14
Development
14
Retail
12
Office
4
Hospitality
1
Seller distress
21.4% of 14,009 multifamily and mixed-use parcels in East New York & Cypress Hills carry a Motivated-Seller Score of 10+ as of November 2026, up from 2.9% in August 2026. Citywide the figure is 16.4%.
East New York & Cypress Hills
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 East New York & Cypress Hills?
The median recorded sale was $374 per square foot across 415 priced income-property sales in the 12 months to October 2026, up 3% 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 $355K per residential unit in the 12 months to October 2026, across 372 recorded sales.
How many commercial real estate sales were there in East New York & Cypress Hills last year?
432 income-property sales worth $597.6M were recorded in the 12 months to October 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 26 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.
Compiled by Crezly from NYC public records: ACRIS deeds and mortgages (recorded through October 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.
