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Brooklyn multifamily & commercial real estate market

Recorded sales, prices, construction, lending and ownership for income and commercial property in Brooklyn, updated monthly from NYC public records. Data through July 2026.

Get new sales, permits and off-market deals here in your weekly Pulse brief.
$12.9B5,083 sales, last 12 months▲ 5.7% YoY
$527Median price / sq ft▲ 2.3% YoY
$513KMedian price / unit (multifamily)▲ 2.6% YoY
1,151Off-market listings on Crezly now
6Buyers with an active buy box here
September 2026 summary

5,083 income-property sales were recorded in Brooklyn in the 12 months ending July 2026, down 1% from the prior 12 months, while dollar volume reached $12.9B, up 5.7%. The median price per square foot was $527, up 2.3%, and the median price per residential unit across multifamily and mixed-use properties was $513K, up 2.6%. 18,536 DOB construction permits were issued, down 2.2%. 2.3% of multifamily and mixed-use parcels carried a Motivated-Seller Score of 10 or higher, compared with 2.9% citywide. JPMorgan Chase Bank, N.A. was the most active lender, with 680 mortgages recorded.

Market trends

Recorded sales volume by month

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

$0$500M$1B$1.5B$2BAugust 2024: $1.1B in recorded salesSeptember 2024: $872.3M in recorded salesOctober 2024: $1.2B in recorded salesNovember 2024: $849.2M in recorded salesDecember 2024: $1.3B in recorded salesJanuary 2025: $1.4B in recorded salesFebruary 2025: $685.6M in recorded salesMarch 2025: $818.8M in recorded salesApril 2025: $1B in recorded salesMay 2025: $1.1B in recorded salesJune 2025: $772.8M in recorded salesJuly 2025: $1.1B in recorded salesAugust 2025: $1.2B in recorded salesSeptember 2025: $940.2M in recorded salesOctober 2025: $899.8M in recorded salesNovember 2025: $1B in recorded salesDecember 2025: $1.1B in recorded salesJanuary 2026: $1.2B in recorded salesFebruary 2026: $1.1B in recorded salesMarch 2026: $1.2B in recorded salesApril 2026: $1.3B in recorded salesMay 2026: $950.5M in recorded salesJune 2026: $998.8M in recorded salesJuly 2026: $1B in recorded sales$1BOct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
$0$500M$1B$1.5B$2BAugust 2024: $1.1B in recorded salesSeptember 2024: $872.3M in recorded salesOctober 2024: $1.2B in recorded salesNovember 2024: $849.2M in recorded salesDecember 2024: $1.3B in recorded salesJanuary 2025: $1.4B in recorded salesFebruary 2025: $685.6M in recorded salesMarch 2025: $818.8M in recorded salesApril 2025: $1B in recorded salesMay 2025: $1.1B in recorded salesJune 2025: $772.8M in recorded salesJuly 2025: $1.1B in recorded salesAugust 2025: $1.2B in recorded salesSeptember 2025: $940.2M in recorded salesOctober 2025: $899.8M in recorded salesNovember 2025: $1B in recorded salesDecember 2025: $1.1B in recorded salesJanuary 2026: $1.2B in recorded salesFebruary 2026: $1.1B in recorded salesMarch 2026: $1.2B in recorded salesApril 2026: $1.3B in recorded salesMay 2026: $950.5M in recorded salesJune 2026: $998.8M in recorded salesJuly 2026: $1B in recorded sales$1BJan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthSalesVolume
August 2024373$1.1B
September 2024400$872.3M
October 2024437$1.2B
November 2024400$849.2M
December 2024501$1.3B
January 2025468$1.4B
February 2025395$685.6M
March 2025419$818.8M
April 2025438$1B
May 2025405$1.1B
June 2025428$772.8M
July 2025470$1.1B
August 2025441$1.2B
September 2025459$940.2M
October 2025399$899.8M
November 2025407$1B
December 2025454$1.1B
January 2026413$1.2B
February 2026415$1.1B
March 2026458$1.2B
April 2026451$1.3B
May 2026390$950.5M
June 2026427$998.8M
July 2026369$1B

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: $513 per sq ft (3-month median)September 2024: $510 per sq ft (3-month median)October 2024: $497 per sq ft (3-month median)November 2024: $492 per sq ft (3-month median)December 2024: $494 per sq ft (3-month median)January 2025: $517 per sq ft (3-month median)February 2025: $519 per sq ft (3-month median)March 2025: $520 per sq ft (3-month median)April 2025: $502 per sq ft (3-month median)May 2025: $525 per sq ft (3-month median)June 2025: $530 per sq ft (3-month median)July 2025: $543 per sq ft (3-month median)August 2025: $531 per sq ft (3-month median)September 2025: $546 per sq ft (3-month median)October 2025: $525 per sq ft (3-month median)November 2025: $527 per sq ft (3-month median)December 2025: $528 per sq ft (3-month median)January 2026: $536 per sq ft (3-month median)February 2026: $532 per sq ft (3-month median)March 2026: $512 per sq ft (3-month median)April 2026: $500 per sq ft (3-month median)May 2026: $511 per sq ft (3-month median)June 2026: $525 per sq ft (3-month median)July 2026: $550 per sq ft (3-month median)$550Oct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
$400$600$800August 2024: $513 per sq ft (3-month median)September 2024: $510 per sq ft (3-month median)October 2024: $497 per sq ft (3-month median)November 2024: $492 per sq ft (3-month median)December 2024: $494 per sq ft (3-month median)January 2025: $517 per sq ft (3-month median)February 2025: $519 per sq ft (3-month median)March 2025: $520 per sq ft (3-month median)April 2025: $502 per sq ft (3-month median)May 2025: $525 per sq ft (3-month median)June 2025: $530 per sq ft (3-month median)July 2025: $543 per sq ft (3-month median)August 2025: $531 per sq ft (3-month median)September 2025: $546 per sq ft (3-month median)October 2025: $525 per sq ft (3-month median)November 2025: $527 per sq ft (3-month median)December 2025: $528 per sq ft (3-month median)January 2026: $536 per sq ft (3-month median)February 2026: $532 per sq ft (3-month median)March 2026: $512 per sq ft (3-month median)April 2026: $500 per sq ft (3-month median)May 2026: $511 per sq ft (3-month median)June 2026: $525 per sq ft (3-month median)July 2026: $550 per sq ft (3-month median)$550Jan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthMedian $/sf (3-mo)
August 2024$513
September 2024$510
October 2024$497
November 2024$492
December 2024$494
January 2025$517
February 2025$519
March 2025$520
April 2025$502
May 2025$525
June 2025$530
July 2025$543
August 2025$531
September 2025$546
October 2025$525
November 2025$527
December 2025$528
January 2026$536
February 2026$532
March 2026$512
April 2026$500
May 2026$511
June 2026$525
July 2026$550

Construction permits issued

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

05001,0001,5002,000August 2024: 1,718 construction permitsSeptember 2024: 1,626 construction permitsOctober 2024: 1,663 construction permitsNovember 2024: 1,442 construction permitsDecember 2024: 1,517 construction permitsJanuary 2025: 1,537 construction permitsFebruary 2025: 1,402 construction permitsMarch 2025: 1,613 construction permitsApril 2025: 1,575 construction permitsMay 2025: 1,610 construction permitsJune 2025: 1,505 construction permitsJuly 2025: 1,736 construction permitsAugust 2025: 1,505 construction permitsSeptember 2025: 1,555 construction permitsOctober 2025: 1,730 construction permitsNovember 2025: 1,374 construction permitsDecember 2025: 1,670 construction permitsJanuary 2026: 1,416 construction permitsFebruary 2026: 1,268 construction permitsMarch 2026: 1,561 construction permitsApril 2026: 1,489 construction permitsMay 2026: 1,535 construction permitsJune 2026: 1,790 construction permitsJuly 2026: 1,643 construction permits1,643Oct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
05001,0001,5002,000August 2024: 1,718 construction permitsSeptember 2024: 1,626 construction permitsOctober 2024: 1,663 construction permitsNovember 2024: 1,442 construction permitsDecember 2024: 1,517 construction permitsJanuary 2025: 1,537 construction permitsFebruary 2025: 1,402 construction permitsMarch 2025: 1,613 construction permitsApril 2025: 1,575 construction permitsMay 2025: 1,610 construction permitsJune 2025: 1,505 construction permitsJuly 2025: 1,736 construction permitsAugust 2025: 1,505 construction permitsSeptember 2025: 1,555 construction permitsOctober 2025: 1,730 construction permitsNovember 2025: 1,374 construction permitsDecember 2025: 1,670 construction permitsJanuary 2026: 1,416 construction permitsFebruary 2026: 1,268 construction permitsMarch 2026: 1,561 construction permitsApril 2026: 1,489 construction permitsMay 2026: 1,535 construction permitsJune 2026: 1,790 construction permitsJuly 2026: 1,643 construction permits1,643Jan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthPermits
August 20241,718
September 20241,626
October 20241,663
November 20241,442
December 20241,517
January 20251,537
February 20251,402
March 20251,613
April 20251,575
May 20251,610
June 20251,505
July 20251,736
August 20251,505
September 20251,555
October 20251,730
November 20251,374
December 20251,670
January 20261,416
February 20261,268
March 20261,561
April 20261,489
May 20261,535
June 20261,790
July 20261,643

What trades here

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

Multifamily: 4,022 sales (79%)Multifamily79% · 4,022Mixed Use: 484 sales (10%)Mixed Use10% · 484Retail: 161 sales (3%)Retail3% · 161Other: 147 sales (3%)Other3% · 147Development: 110 sales (2%)Development2% · 110Industrial: 101 sales (2%)Industrial2% · 101Office: 55 sales (1%)Office1% · 55Hospitality: 3 sales (0%)Hospitality0% · 3
Multifamily: 4,022 sales (79%)Multifamily79% · 4,022Mixed Use: 484 sales (10%)Mixed Use10% · 484Retail: 161 sales (3%)Retail3% · 161Other: 147 sales (3%)Other3% · 147Development: 110 sales (2%)Development2% · 110Industrial: 101 sales (2%)Industrial2% · 101Office: 55 sales (1%)Office1% · 55Hospitality: 3 sales (0%)Hospitality0% · 3
Show the data
Asset classSales
Multifamily4,022
Mixed Use484
Retail161
Other147
Development110
Industrial101
Office55
Hospitality3

Seller distress

2.3% of 180,298 multifamily and mixed-use parcels in Brooklyn carry a Motivated-Seller Score of 10+ as of September 2026, down from 2.4% 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
39 Hall StreetOfficeMay 2026$121.4M
101 Pennsylvania AvenueOfficeJul 2026$89.9M
1690 Union StreetMultifamilyJul 2026$57M
452 Keap StreetMultifamilyJun 2026$43M
1080 Mcdonald AvenueRetailJul 2026$40.6M

Most active lenders

Institutional mortgages recorded in the last 12 months.

  1. JPMorgan Chase Bank, N.A.680 loans · $833.5M
  2. Citizens Bank NA658 loans · $530.4M
  3. TD Bank NA324 loans · $160.6M
  4. Rocket Mortgage, LLC296 loans · $110.8M
  5. Broadview Capital LLC223 loans · $408.8M
Lender directory →

Largest owners

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

  1. Townhouse Rental, L.L.C.224 parcels · 959 units
  2. Mhany 2015 Housing Development Fund Corp76 parcels · 332 units
  3. Impacct Housing Development Fund Corporation60 parcels · 498 units
  4. Brooklyn Housing Preservation LP55 parcels · 1,184 units
  5. Hpeny Housing Development Fund Company, INC.45 parcels · 514 units
Largest Brooklyn landlords → · Owner directory

Off-market deals in Brooklyn

$6.2M12 Unit Mixed Use Bushwick12 units · 7% cap
$1.5M4 Family Remsen Village4 units
$11M3 Unit Development Site Brooklyn3 units
$2.6M5 Unit Mixed Use Bushwick5 units

All 1,151 listings in Brooklyn →

Frequently asked questions

What is the price per square foot for commercial and multifamily property in Brooklyn?

The median recorded sale was $527 per square foot across 4,927 priced income-property sales in the 12 months to July 2026, up 2.3% on the prior year.

How much do multifamily buildings sell for per unit in Brooklyn?

Multifamily and mixed-use buildings sold for a median of $513K per residential unit in the 12 months to July 2026, across 4,503 recorded sales.

How many commercial real estate sales were there in Brooklyn last year?

5,083 income-property sales worth $12.9B 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 Brooklyn?

The most active institutional lender over the last 12 months was JPMorgan Chase Bank, N.A., with 680 recorded mortgages. The Crezly lender directory ranks every lender by recorded loans.

Track Brooklyn deals as they happen

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

Property records in Brooklyn

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.