Jackson Heights & East Elmhurst multifamily & commercial real estate market
Recorded sales, prices, construction, lending and ownership for income and commercial property in Jackson Heights & East Elmhurst, updated monthly from NYC public records. Data through July 2026. Covers Jackson Heights.
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$336.3M219 sales, last 12 months▼ 15.6% YoY
$525Median price / sq ft▼ 1.9% YoY
$483KMedian price / unit (multifamily)▲ 7.4% YoY
7Off-market listings on Crezly now
September 2026 summary
219 income-property sales were recorded in Jackson Heights & East Elmhurst over the 12 months ending July 2026, down 11% from the prior 12 months, with dollar volume of $336.3M, down 15.6%. The median price per square foot was $525, down 1.9%, while the median price per residential unit for multifamily and mixed-use properties was $483K, up 7.4%. DOB construction permits totaled 572, down 14.4%. 1.5% of multifamily/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 20 mortgages recorded.
Market trends
Recorded sales volume by month
August 2024 – July 2026. Hover or tap a month for its figure.
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Month
Sales
Volume
August 2024
19
$22.2M
September 2024
20
$29.7M
October 2024
28
$40.2M
November 2024
24
$32.5M
December 2024
20
$31.5M
January 2025
17
$47.9M
February 2025
18
$17.3M
March 2025
23
$37.5M
April 2025
16
$39.5M
May 2025
23
$26.4M
June 2025
21
$53.4M
July 2025
17
$20.4M
August 2025
14
$14.6M
September 2025
13
$20.8M
October 2025
20
$25.8M
November 2025
22
$25.1M
December 2025
16
$18.8M
January 2026
20
$34.5M
February 2026
13
$22.3M
March 2026
22
$26.5M
April 2026
17
$45.2M
May 2026
14
$16.9M
June 2026
28
$56.7M
July 2026
20
$29.2M
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)
August 2024
$539
September 2024
$581
October 2024
$555
November 2024
$545
December 2024
$507
January 2025
$507
February 2025
$496
March 2025
$535
April 2025
$531
May 2025
$546
June 2025
$527
July 2025
$549
August 2025
$520
September 2025
$547
October 2025
$561
November 2025
$610
December 2025
$564
January 2026
$557
February 2026
$507
March 2026
$487
April 2026
$448
May 2026
$475
June 2026
$499
July 2026
$540
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
August 2024
57
September 2024
75
October 2024
61
November 2024
58
December 2024
71
January 2025
61
February 2025
40
March 2025
41
April 2025
58
May 2025
51
June 2025
54
July 2025
41
August 2025
42
September 2025
61
October 2025
52
November 2025
42
December 2025
47
January 2026
33
February 2026
37
March 2026
54
April 2026
55
May 2026
48
June 2026
62
July 2026
39
What trades here
Share of recorded sales by asset class, last 12 months.
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Asset class
Sales
Multifamily
188
Mixed Use
11
Development
7
Retail
5
Other
5
Industrial
2
Office
1
Seller distress
1.5% of 9,853 multifamily and mixed-use parcels in Jackson Heights & East Elmhurst carry a Motivated-Seller Score of 10+ as of September 2026, unchanged from 1.5% in August 2026. Citywide the figure is 2.9%.
Jackson Heights & East Elmhurst
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 Jackson Heights & East Elmhurst?
The median recorded sale was $525 per square foot across 211 priced income-property sales in the 12 months to July 2026, down 1.9% on the prior year.
How much do multifamily buildings sell for per unit in Jackson Heights & East Elmhurst?
Multifamily and mixed-use buildings sold for a median of $483K per residential unit in the 12 months to July 2026, across 199 recorded sales.
How many commercial real estate sales were there in Jackson Heights & East Elmhurst last year?
219 income-property sales worth $336.3M 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 Jackson Heights & East Elmhurst?
The most active institutional lender over the last 12 months was Citizens Bank NA, with 20 recorded mortgages. The Crezly lender directory ranks every lender by recorded loans.
Track Jackson Heights & East Elmhurst 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 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.