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 September 2026.
Get new sales, permits and off-market deals here in your weekly Pulse brief.
$13B5,082 sales, last 12 months▲ 5.9% YoY
$536Median price / sq ft▲ 3.1% YoY
$525KMedian price / unit (multifamily)▲ 5% YoY
1,259Off-market listings on Crezly now
9Buyers with an active buy box here
November 2026 summary
5,082 income-property sales were recorded in Brooklyn in the 12 months ending September 2026, down 3.4% from the prior 12 months, while dollar volume reached $13B, up 5.9%. The median price per square foot was $536, up 3.1%, and the median price per residential unit for multifamily and mixed-use properties was $525K, up 5%. DOB construction permits totaled 15,954, down 14.5%. 17.1% of multifamily and mixed-use parcels carried a Motivated-Seller Score of 10 or higher, compared with 16.4% citywide. JPMorgan Chase Bank, N.A. was the most active lender, with 575 mortgages recorded.
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
437
$1.2B
November 2024
400
$849.2M
December 2024
501
$1.3B
January 2025
468
$1.4B
February 2025
395
$685.6M
March 2025
419
$818.8M
April 2025
438
$1B
May 2025
405
$1.1B
June 2025
428
$772.8M
July 2025
470
$1.1B
August 2025
441
$1.2B
September 2025
459
$940.2M
October 2025
399
$899.8M
November 2025
407
$1B
December 2025
454
$1.1B
January 2026
413
$1.2B
February 2026
415
$1.1B
March 2026
458
$1.2B
April 2026
451
$1.3B
May 2026
390
$950.5M
June 2026
431
$1B
July 2026
454
$1.2B
August 2026
453
$1.1B
September 2026
357
$955.4M
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
$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
$552
August 2026
$575
September 2026
$571
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
1,663
November 2024
1,442
December 2024
1,517
January 2025
1,537
February 2025
1,402
March 2025
1,613
April 2025
1,575
May 2025
1,610
June 2025
1,505
July 2025
1,736
August 2025
1,505
September 2025
1,555
October 2025
1,730
November 2025
1,374
December 2025
1,670
January 2026
1,416
February 2026
1,268
March 2026
1,561
April 2026
1,489
May 2026
1,535
June 2026
1,790
July 2026
1,643
August 2026
478
September 2026
0
What trades here
Share of recorded sales by asset class, last 12 months.
Show the data
Asset class
Sales
Multifamily
4,026
Mixed Use
486
Retail
159
Other
142
Development
106
Industrial
102
Office
58
Hospitality
3
Seller distress
17.1% of 180,298 multifamily and mixed-use parcels in Brooklyn carry a Motivated-Seller Score of 10+ as of November 2026, up from 2.4% in August 2026. Citywide the figure is 16.4%.
Brooklyn
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 Brooklyn?
The median recorded sale was $536 per square foot across 4,938 priced income-property sales in the 12 months to September 2026, up 3.1% 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 $525K per residential unit in the 12 months to September 2026, across 4,510 recorded sales.
How many commercial real estate sales were there in Brooklyn last year?
5,082 income-property sales worth $13B 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 Brooklyn?
The most active institutional lender over the last 12 months was JPMorgan Chase Bank, N.A., with 575 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.
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.
