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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 July 2026. Covers Borough Park and Kensington.

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$1B338 sales, last 12 months▲ 20% YoY
$711Median price / sq ft▲ 2.7% YoY
$826KMedian price / unit (multifamily)▲ 3% YoY
60Off-market listings on Crezly now
September 2026 summary

338 income-property sales were recorded in Borough Park & Kensington over the 12 months ending July 2026, down 4.2% from the prior 12 months, while dollar volume reached $1B, up 20%. The median price per square foot was $711, up 2.7%, and the median price per residential unit across multifamily and mixed-use properties was $826K, up 3%. DOB construction permits totaled 1,030, down 5.5%. 1.4% of multifamily and mixed-use parcels carried a Motivated-Seller Score of 10 or higher, compared with 2.9% citywide. Citizens Bank NA was the most active lender, with 92 mortgages recorded.

Market trends

Recorded sales volume by month

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

$0$100M$200M$300M$400MAugust 2024: $69.7M in recorded salesSeptember 2024: $76.5M in recorded salesOctober 2024: $65.7M in recorded salesNovember 2024: $52.5M in recorded salesDecember 2024: $79.6M in recorded salesJanuary 2025: $117.6M in recorded salesFebruary 2025: $48.8M in recorded salesMarch 2025: $68.7M in recorded salesApril 2025: $86.2M in recorded salesMay 2025: $72.2M in recorded salesJune 2025: $44.9M in recorded salesJuly 2025: $85M in recorded salesAugust 2025: $79.6M in recorded salesSeptember 2025: $61.5M in recorded salesOctober 2025: $37.9M in recorded salesNovember 2025: $50.3M in recorded salesDecember 2025: $98.6M in recorded salesJanuary 2026: $68.4M in recorded salesFebruary 2026: $78.4M in recorded salesMarch 2026: $236M in recorded salesApril 2026: $41.7M in recorded salesMay 2026: $94.9M in recorded salesJune 2026: $76.5M in recorded salesJuly 2026: $117.6M in recorded sales$117.6MOct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
$0$100M$200M$300M$400MAugust 2024: $69.7M in recorded salesSeptember 2024: $76.5M in recorded salesOctober 2024: $65.7M in recorded salesNovember 2024: $52.5M in recorded salesDecember 2024: $79.6M in recorded salesJanuary 2025: $117.6M in recorded salesFebruary 2025: $48.8M in recorded salesMarch 2025: $68.7M in recorded salesApril 2025: $86.2M in recorded salesMay 2025: $72.2M in recorded salesJune 2025: $44.9M in recorded salesJuly 2025: $85M in recorded salesAugust 2025: $79.6M in recorded salesSeptember 2025: $61.5M in recorded salesOctober 2025: $37.9M in recorded salesNovember 2025: $50.3M in recorded salesDecember 2025: $98.6M in recorded salesJanuary 2026: $68.4M in recorded salesFebruary 2026: $78.4M in recorded salesMarch 2026: $236M in recorded salesApril 2026: $41.7M in recorded salesMay 2026: $94.9M in recorded salesJune 2026: $76.5M in recorded salesJuly 2026: $117.6M in recorded sales$117.6MJan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthSalesVolume
August 202429$69.7M
September 202431$76.5M
October 202423$65.7M
November 202422$52.5M
December 202436$79.6M
January 202543$117.6M
February 202521$48.8M
March 202531$68.7M
April 202533$86.2M
May 202534$72.2M
June 202521$44.9M
July 202529$85M
August 202530$79.6M
September 202531$61.5M
October 202518$37.9M
November 202519$50.3M
December 202530$98.6M
January 202628$68.4M
February 202635$78.4M
March 202628$236M
April 202619$41.7M
May 202633$94.9M
June 202631$76.5M
July 202636$117.6M

Median price per square foot

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

$400$600$800August 2024: $656 per sq ft (3-month median)September 2024: $651 per sq ft (3-month median)October 2024: $613 per sq ft (3-month median)November 2024: $579 per sq ft (3-month median)December 2024: $613 per sq ft (3-month median)January 2025: $721 per sq ft (3-month median)February 2025: $753 per sq ft (3-month median)March 2025: $721 per sq ft (3-month median)April 2025: $691 per sq ft (3-month median)May 2025: $681 per sq ft (3-month median)June 2025: $711 per sq ft (3-month median)July 2025: $709 per sq ft (3-month median)August 2025: $715 per sq ft (3-month median)September 2025: $677 per sq ft (3-month median)October 2025: $653 per sq ft (3-month median)November 2025: $672 per sq ft (3-month median)December 2025: $705 per sq ft (3-month median)January 2026: $705 per sq ft (3-month median)February 2026: $699 per sq ft (3-month median)March 2026: $717 per sq ft (3-month median)April 2026: $715 per sq ft (3-month median)May 2026: $682 per sq ft (3-month median)June 2026: $718 per sq ft (3-month median)July 2026: $741 per sq ft (3-month median)$741Oct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
$400$600$800August 2024: $656 per sq ft (3-month median)September 2024: $651 per sq ft (3-month median)October 2024: $613 per sq ft (3-month median)November 2024: $579 per sq ft (3-month median)December 2024: $613 per sq ft (3-month median)January 2025: $721 per sq ft (3-month median)February 2025: $753 per sq ft (3-month median)March 2025: $721 per sq ft (3-month median)April 2025: $691 per sq ft (3-month median)May 2025: $681 per sq ft (3-month median)June 2025: $711 per sq ft (3-month median)July 2025: $709 per sq ft (3-month median)August 2025: $715 per sq ft (3-month median)September 2025: $677 per sq ft (3-month median)October 2025: $653 per sq ft (3-month median)November 2025: $672 per sq ft (3-month median)December 2025: $705 per sq ft (3-month median)January 2026: $705 per sq ft (3-month median)February 2026: $699 per sq ft (3-month median)March 2026: $717 per sq ft (3-month median)April 2026: $715 per sq ft (3-month median)May 2026: $682 per sq ft (3-month median)June 2026: $718 per sq ft (3-month median)July 2026: $741 per sq ft (3-month median)$741Jan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthMedian $/sf (3-mo)
August 2024$656
September 2024$651
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$741

Construction permits issued

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

050100150200August 2024: 96 construction permitsSeptember 2024: 102 construction permitsOctober 2024: 86 construction permitsNovember 2024: 69 construction permitsDecember 2024: 74 construction permitsJanuary 2025: 92 construction permitsFebruary 2025: 79 construction permitsMarch 2025: 82 construction permitsApril 2025: 85 construction permitsMay 2025: 106 construction permitsJune 2025: 100 construction permitsJuly 2025: 119 construction permitsAugust 2025: 77 construction permitsSeptember 2025: 85 construction permitsOctober 2025: 78 construction permitsNovember 2025: 87 construction permitsDecember 2025: 93 construction permitsJanuary 2026: 108 construction permitsFebruary 2026: 57 construction permitsMarch 2026: 78 construction permitsApril 2026: 86 construction permitsMay 2026: 87 construction permitsJune 2026: 117 construction permitsJuly 2026: 77 construction permits77Oct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
050100150200August 2024: 96 construction permitsSeptember 2024: 102 construction permitsOctober 2024: 86 construction permitsNovember 2024: 69 construction permitsDecember 2024: 74 construction permitsJanuary 2025: 92 construction permitsFebruary 2025: 79 construction permitsMarch 2025: 82 construction permitsApril 2025: 85 construction permitsMay 2025: 106 construction permitsJune 2025: 100 construction permitsJuly 2025: 119 construction permitsAugust 2025: 77 construction permitsSeptember 2025: 85 construction permitsOctober 2025: 78 construction permitsNovember 2025: 87 construction permitsDecember 2025: 93 construction permitsJanuary 2026: 108 construction permitsFebruary 2026: 57 construction permitsMarch 2026: 78 construction permitsApril 2026: 86 construction permitsMay 2026: 87 construction permitsJune 2026: 117 construction permitsJuly 2026: 77 construction permits77Jan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthPermits
August 202496
September 2024102
October 202486
November 202469
December 202474
January 202592
February 202579
March 202582
April 202585
May 2025106
June 2025100
July 2025119
August 202577
September 202585
October 202578
November 202587
December 202593
January 2026108
February 202657
March 202678
April 202686
May 202687
June 2026117
July 202677

What trades here

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

Multifamily: 271 sales (80%)Multifamily80% · 271Mixed Use: 31 sales (9%)Mixed Use9% · 31Retail: 10 sales (3%)Retail3% · 10Development: 9 sales (3%)Development3% · 9Other: 8 sales (2%)Other2% · 8Industrial: 6 sales (2%)Industrial2% · 6Office: 3 sales (1%)Office1% · 3
Multifamily: 271 sales (80%)Multifamily80% · 271Mixed Use: 31 sales (9%)Mixed Use9% · 31Retail: 10 sales (3%)Retail3% · 10Development: 9 sales (3%)Development3% · 9Other: 8 sales (2%)Other2% · 8Industrial: 6 sales (2%)Industrial2% · 6Office: 3 sales (1%)Office1% · 3
Show the data
Asset classSales
Multifamily271
Mixed Use31
Retail10
Development9
Other8
Industrial6
Office3

Seller distress

1.4% of 12,842 multifamily and mixed-use parcels in Borough Park & Kensington carry a Motivated-Seller Score of 10+ as of September 2026, unchanged from 1.4% 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
1080 Mcdonald AvenueRetailJul 2026$40.6M
996 Ocean ParkwayMultifamilyMay 2026$23.5M
1201 Ocean ParkwayMultifamilyJun 2026$6.7M
3714 15 AvenueSpecial PurposeJul 2026$6.5M
1095 East 10 StreetMultifamilyMay 2026$4.7M

Most active lenders

Institutional mortgages recorded in the last 12 months.

  1. Citizens Bank NA92 loans · $69.9M
  2. TD Bank NA31 loans · $17.9M
  3. Broadview Capital LLC27 loans · $46.9M
  4. United Wholesale Mortgage, LLC23 loans · $20.3M
  5. JPMorgan Chase Bank, N.A.22 loans · $35.3M
Lender directory →

Largest owners

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

  1. Maimonides Medical Center15 parcels · 37 units
  2. Dave Friedman 3, LLC10 parcels · 54 units
  3. 1233-57 St. LLC9 parcels
  4. Libr Corp Of Manhattan8 parcels
  5. Park Affordable HDFC, As Nominee And On Behalf6 parcels · 228 units
Largest Brooklyn landlords → · Owner directory

Off-market deals in Borough Park & Kensington

$2M2 Family Kensington2 units
$2.2M2 Family Kensington2 units
$2.9MDevelopment Site Kensington
$2.5MMixed Use Borough Park

All 60 listings in Borough Park & Kensington →

Frequently asked questions

What is the price per square foot for commercial and multifamily property in Borough Park & Kensington?

The median recorded sale was $711 per square foot across 325 priced income-property sales in the 12 months to July 2026, up 2.7% 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 $826K per residential unit in the 12 months to July 2026, across 302 recorded sales.

How many commercial real estate sales were there in Borough Park & Kensington last year?

338 income-property sales worth $1B 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 Borough Park & Kensington?

The most active institutional lender over the last 12 months was Citizens Bank NA, with 92 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.
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Nearby neighborhoods

Property records in Borough Park & Kensington

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.