Crown Heights North & Prospect Heights multifamily & commercial real estate market
Recorded sales, prices, construction, lending and ownership for income and commercial property in Crown Heights North & Prospect Heights, updated monthly from NYC public records. Data through September 2026. Covers Crown Heights and Prospect Heights.
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$614.3M201 sales, last 12 months▲ 33.4% YoY
$511Median price / sq ft▼ 6.9% YoY
$588KMedian price / unit (multifamily)▲ 6.8% YoY
112Off-market listings on Crezly now
1Buyers with an active buy box here
October 2026 summary
201 income-property sales were recorded in Crown Heights North & Prospect Heights over the 12 months ending September 2026, totaling $614.3M in dollar volume, with the sales count up 3.6% and dollar volume up 33.4% versus the prior 12 months. The median price per square foot was $511, down 6.9%, while the median price per residential unit for multifamily and mixed-use properties was $588K, up 6.8%. 611 DOB construction permits were issued, down 17%. 5.3% of multifamily and mixed-use parcels carried a Motivated-Seller Score of 10 or higher, compared with 2.8% citywide. JPMorgan Chase Bank, N.A. recorded 21 mortgages, the most of any lender.
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
15
$31.5M
November 2024
15
$39.7M
December 2024
16
$26M
January 2025
16
$30.4M
February 2025
9
$29.2M
March 2025
12
$21.3M
April 2025
16
$30.3M
May 2025
15
$38.9M
June 2025
17
$44.3M
July 2025
18
$70.2M
August 2025
22
$45.6M
September 2025
23
$53M
October 2025
15
$46.6M
November 2025
18
$25.8M
December 2025
14
$45.2M
January 2026
16
$36.3M
February 2026
15
$23.7M
March 2026
16
$108.5M
April 2026
22
$120M
May 2026
17
$45.3M
June 2026
18
$55.1M
July 2026
15
$32.5M
August 2026
15
$31.7M
September 2026
20
$43.6M
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
$520
November 2024
$521
December 2024
$523
January 2025
$479
February 2025
$519
March 2025
$553
April 2025
$575
May 2025
$573
June 2025
$573
July 2025
$550
August 2025
$523
September 2025
$598
October 2025
$525
November 2025
$486
December 2025
$421
January 2026
$425
February 2026
$460
March 2026
$419
April 2026
$404
May 2026
$477
June 2026
$515
July 2026
$521
August 2026
$587
September 2026
$593
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
71
November 2024
55
December 2024
57
January 2025
65
February 2025
51
March 2025
52
April 2025
54
May 2025
47
June 2025
69
July 2025
77
August 2025
66
September 2025
72
October 2025
67
November 2025
47
December 2025
53
January 2026
53
February 2026
52
March 2026
65
April 2026
55
May 2026
50
June 2026
73
July 2026
74
August 2026
22
September 2026
0
What trades here
Share of recorded sales by asset class, last 12 months.
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Asset class
Sales
Multifamily
151
Mixed Use
22
Other
16
Development
5
Industrial
3
Retail
3
Office
1
Seller distress
5.3% of 6,434 multifamily and mixed-use parcels in Crown Heights North & Prospect Heights carry a Motivated-Seller Score of 10+ as of October 2026, down from 5.8% in August 2026. Citywide the figure is 2.8%.
Crown Heights North & Prospect Heights
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 Crown Heights North & Prospect Heights?
The median recorded sale was $511 per square foot across 192 priced income-property sales in the 12 months to September 2026, down 6.9% on the prior year.
How much do multifamily buildings sell for per unit in Crown Heights North & Prospect Heights?
Multifamily and mixed-use buildings sold for a median of $588K per residential unit in the 12 months to September 2026, across 173 recorded sales.
How many commercial real estate sales were there in Crown Heights North & Prospect Heights last year?
201 income-property sales worth $614.3M 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 Crown Heights North & Prospect Heights?
The most active institutional lender over the last 12 months was JPMorgan Chase Bank, N.A., with 21 recorded mortgages. The Crezly lender directory ranks every lender by recorded loans.
Track Crown Heights North & Prospect Heights 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.
