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Queens multifamily & commercial real estate market

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

Get new sales, permits and off-market deals here in your weekly Pulse brief.
$7.9B4,137 sales, last 12 months▲ 15.3% YoY
$502Median price / sq ft▲ 3.5% YoY
$472KMedian price / unit (multifamily)▲ 4.8% YoY
176Off-market listings on Crezly now
2Buyers with an active buy box here
September 2026 summary

4,137 income-property sales were recorded in Queens in the 12 months ending July 2026, down 1.1% from the prior 12 months, while dollar volume reached $7.9B, up 15.3%. The median price per square foot was $502, up 3.5%, and the median price per residential unit for multifamily and mixed-use properties was $472K, up 4.8%. DOB construction permits totaled 14,268, down 7.6%. 1.1% 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 555 mortgages recorded.

Market trends

Recorded sales volume by month

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

$0$250M$500M$750M$1BAugust 2024: $431.8M in recorded salesSeptember 2024: $573.4M in recorded salesOctober 2024: $476.2M in recorded salesNovember 2024: $562.1M in recorded salesDecember 2024: $610.3M in recorded salesJanuary 2025: $576.6M in recorded salesFebruary 2025: $501.2M in recorded salesMarch 2025: $581.9M in recorded salesApril 2025: $540.9M in recorded salesMay 2025: $540.7M in recorded salesJune 2025: $766M in recorded salesJuly 2025: $652M in recorded salesAugust 2025: $569.5M in recorded salesSeptember 2025: $515.8M in recorded salesOctober 2025: $546.9M in recorded salesNovember 2025: $635.9M in recorded salesDecember 2025: $795.9M in recorded salesJanuary 2026: $889M in recorded salesFebruary 2026: $627.9M in recorded salesMarch 2026: $774.8M in recorded salesApril 2026: $571M in recorded salesMay 2026: $652.7M in recorded salesJune 2026: $790.4M in recorded salesJuly 2026: $484.8M in recorded sales$484.8MOct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
$0$250M$500M$750M$1BAugust 2024: $431.8M in recorded salesSeptember 2024: $573.4M in recorded salesOctober 2024: $476.2M in recorded salesNovember 2024: $562.1M in recorded salesDecember 2024: $610.3M in recorded salesJanuary 2025: $576.6M in recorded salesFebruary 2025: $501.2M in recorded salesMarch 2025: $581.9M in recorded salesApril 2025: $540.9M in recorded salesMay 2025: $540.7M in recorded salesJune 2025: $766M in recorded salesJuly 2025: $652M in recorded salesAugust 2025: $569.5M in recorded salesSeptember 2025: $515.8M in recorded salesOctober 2025: $546.9M in recorded salesNovember 2025: $635.9M in recorded salesDecember 2025: $795.9M in recorded salesJanuary 2026: $889M in recorded salesFebruary 2026: $627.9M in recorded salesMarch 2026: $774.8M in recorded salesApril 2026: $571M in recorded salesMay 2026: $652.7M in recorded salesJune 2026: $790.4M in recorded salesJuly 2026: $484.8M in recorded sales$484.8MJan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthSalesVolume
August 2024329$431.8M
September 2024335$573.4M
October 2024358$476.2M
November 2024348$562.1M
December 2024389$610.3M
January 2025329$576.6M
February 2025319$501.2M
March 2025369$581.9M
April 2025332$540.9M
May 2025352$540.7M
June 2025333$766M
July 2025390$652M
August 2025316$569.5M
September 2025329$515.8M
October 2025370$546.9M
November 2025350$635.9M
December 2025405$795.9M
January 2026331$889M
February 2026336$627.9M
March 2026349$774.8M
April 2026354$571M
May 2026294$652.7M
June 2026375$790.4M
July 2026328$484.8M

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: $478 per sq ft (3-month median)September 2024: $484 per sq ft (3-month median)October 2024: $479 per sq ft (3-month median)November 2024: $479 per sq ft (3-month median)December 2024: $471 per sq ft (3-month median)January 2025: $476 per sq ft (3-month median)February 2025: $476 per sq ft (3-month median)March 2025: $488 per sq ft (3-month median)April 2025: $488 per sq ft (3-month median)May 2025: $492 per sq ft (3-month median)June 2025: $491 per sq ft (3-month median)July 2025: $498 per sq ft (3-month median)August 2025: $502 per sq ft (3-month median)September 2025: $506 per sq ft (3-month median)October 2025: $500 per sq ft (3-month median)November 2025: $500 per sq ft (3-month median)December 2025: $502 per sq ft (3-month median)January 2026: $510 per sq ft (3-month median)February 2026: $505 per sq ft (3-month median)March 2026: $497 per sq ft (3-month median)April 2026: $495 per sq ft (3-month median)May 2026: $494 per sq ft (3-month median)June 2026: $505 per sq ft (3-month median)July 2026: $507 per sq ft (3-month median)$507Oct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
$400$600$800August 2024: $478 per sq ft (3-month median)September 2024: $484 per sq ft (3-month median)October 2024: $479 per sq ft (3-month median)November 2024: $479 per sq ft (3-month median)December 2024: $471 per sq ft (3-month median)January 2025: $476 per sq ft (3-month median)February 2025: $476 per sq ft (3-month median)March 2025: $488 per sq ft (3-month median)April 2025: $488 per sq ft (3-month median)May 2025: $492 per sq ft (3-month median)June 2025: $491 per sq ft (3-month median)July 2025: $498 per sq ft (3-month median)August 2025: $502 per sq ft (3-month median)September 2025: $506 per sq ft (3-month median)October 2025: $500 per sq ft (3-month median)November 2025: $500 per sq ft (3-month median)December 2025: $502 per sq ft (3-month median)January 2026: $510 per sq ft (3-month median)February 2026: $505 per sq ft (3-month median)March 2026: $497 per sq ft (3-month median)April 2026: $495 per sq ft (3-month median)May 2026: $494 per sq ft (3-month median)June 2026: $505 per sq ft (3-month median)July 2026: $507 per sq ft (3-month median)$507Jan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthMedian $/sf (3-mo)
August 2024$478
September 2024$484
October 2024$479
November 2024$479
December 2024$471
January 2025$476
February 2025$476
March 2025$488
April 2025$488
May 2025$492
June 2025$491
July 2025$498
August 2025$502
September 2025$506
October 2025$500
November 2025$500
December 2025$502
January 2026$510
February 2026$505
March 2026$497
April 2026$495
May 2026$494
June 2026$505
July 2026$507

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: 1,339 construction permitsSeptember 2024: 1,419 construction permitsOctober 2024: 1,542 construction permitsNovember 2024: 1,309 construction permitsDecember 2024: 1,197 construction permitsJanuary 2025: 1,255 construction permitsFebruary 2025: 1,160 construction permitsMarch 2025: 1,187 construction permitsApril 2025: 1,318 construction permitsMay 2025: 1,189 construction permitsJune 2025: 1,271 construction permitsJuly 2025: 1,262 construction permitsAugust 2025: 1,209 construction permitsSeptember 2025: 1,247 construction permitsOctober 2025: 1,422 construction permitsNovember 2025: 1,144 construction permitsDecember 2025: 1,243 construction permitsJanuary 2026: 1,051 construction permitsFebruary 2026: 800 construction permitsMarch 2026: 1,121 construction permitsApril 2026: 1,269 construction permitsMay 2026: 1,156 construction permitsJune 2026: 1,347 construction permitsJuly 2026: 1,259 construction permits1,259Oct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
05001,0001,5002,000August 2024: 1,339 construction permitsSeptember 2024: 1,419 construction permitsOctober 2024: 1,542 construction permitsNovember 2024: 1,309 construction permitsDecember 2024: 1,197 construction permitsJanuary 2025: 1,255 construction permitsFebruary 2025: 1,160 construction permitsMarch 2025: 1,187 construction permitsApril 2025: 1,318 construction permitsMay 2025: 1,189 construction permitsJune 2025: 1,271 construction permitsJuly 2025: 1,262 construction permitsAugust 2025: 1,209 construction permitsSeptember 2025: 1,247 construction permitsOctober 2025: 1,422 construction permitsNovember 2025: 1,144 construction permitsDecember 2025: 1,243 construction permitsJanuary 2026: 1,051 construction permitsFebruary 2026: 800 construction permitsMarch 2026: 1,121 construction permitsApril 2026: 1,269 construction permitsMay 2026: 1,156 construction permitsJune 2026: 1,347 construction permitsJuly 2026: 1,259 construction permits1,259Jan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthPermits
August 20241,339
September 20241,419
October 20241,542
November 20241,309
December 20241,197
January 20251,255
February 20251,160
March 20251,187
April 20251,318
May 20251,189
June 20251,271
July 20251,262
August 20251,209
September 20251,247
October 20251,422
November 20251,144
December 20251,243
January 20261,051
February 2026800
March 20261,121
April 20261,269
May 20261,156
June 20261,347
July 20261,259

What trades here

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

Multifamily: 3,395 sales (82%)Multifamily82% · 3,395Mixed Use: 241 sales (6%)Mixed Use6% · 241Retail: 163 sales (4%)Retail4% · 163Other: 106 sales (3%)Other3% · 106Industrial: 97 sales (2%)Industrial2% · 97Development: 71 sales (2%)Development2% · 71Office: 56 sales (1%)Office1% · 56Hospitality: 8 sales (0%)Hospitality0% · 8
Multifamily: 3,395 sales (82%)Multifamily82% · 3,395Mixed Use: 241 sales (6%)Mixed Use6% · 241Retail: 163 sales (4%)Retail4% · 163Other: 106 sales (3%)Other3% · 106Industrial: 97 sales (2%)Industrial2% · 97Development: 71 sales (2%)Development2% · 71Office: 56 sales (1%)Office1% · 56Hospitality: 8 sales (0%)Hospitality0% · 8
Show the data
Asset classSales
Multifamily3,395
Mixed Use241
Retail163
Other106
Industrial97
Development71
Office56
Hospitality8

Seller distress

1.1% of 143,193 multifamily and mixed-use parcels in Queens carry a Motivated-Seller Score of 10+ as of September 2026, down from 1.2% 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
96-05 Queens BoulevardRetailMay 2026$229.6M
157-15 19 AvenueSpecial PurposeJun 2026$58.2M
153-15 Cross Island ParkwayRetailJul 2026$56M
92-02 165 StreetSpecial PurposeJun 2026$46.1M
30-05 Farrington StreetSpecial PurposeJun 2026$45M

Most active lenders

Institutional mortgages recorded in the last 12 months.

  1. JPMorgan Chase Bank, N.A.555 loans · $373.5M
  2. Rocket Mortgage, LLC529 loans · $166M
  3. United Wholesale Mortgage, LLC460 loans · $297.8M
  4. Citizens Bank NA451 loans · $170.8M
  5. TD Bank NA272 loans · $110.9M
Lender directory →

Largest owners

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

  1. Seagis Jfk LLC40 parcels · 39 units
  2. Gdc Lic Owner LLC38 parcels · 76 units
  3. Le Havre Owners Corp33 parcels · 993 units
  4. Balsam Village 1 LLC32 parcels · 192 units
  5. Shore View LLC31 parcels · 93 units
Largest Queens landlords → · Owner directory

Off-market deals in Queens

$2.1M3 Family Astoria3 units
$4.2MDevelopment Site Long Island City
$12MMixed Use Ozone Park
$775K2 Family Elmhurst2 units

All 176 listings in Queens →

Frequently asked questions

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

The median recorded sale was $502 per square foot across 4,036 priced income-property sales in the 12 months to July 2026, up 3.5% on the prior year.

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

Multifamily and mixed-use buildings sold for a median of $472K per residential unit in the 12 months to July 2026, across 3,635 recorded sales.

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

4,137 income-property sales worth $7.9B 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 Queens?

The most active institutional lender over the last 12 months was JPMorgan Chase Bank, N.A., with 555 recorded mortgages. The Crezly lender directory ranks every lender by recorded loans.

Track Queens deals as they happen

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

Property records in Queens

NYC market overview · Queens 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.