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 September 2026.
Get new sales, permits and off-market deals here in your weekly Pulse brief.
$8.2B4,203 sales, last 12 months▲ 19.6% YoY
$505Median price / sq ft▲ 3.3% YoY
$475KMedian price / unit (multifamily)▲ 4.4% YoY
219Off-market listings on Crezly now
3Buyers with an active buy box here
November 2026 summary
4,203 income-property sales were recorded in Queens over the 12 months ending September 2026, up 0.9% from the prior 12 months, with dollar volume of $8.2B, up 19.6%. The median price per square foot was $505, up 3.3%, while the median price per residential unit for multifamily and mixed-use properties was $475K, up 4.4%. DOB construction permits totaled 12,165, down 19.7%. 11.3% of multifamily and mixed-use parcels carried a Motivated-Seller Score of 10 or above, compared with 16.4% citywide. JPMorgan Chase Bank, N.A. was the most active lender, with 474 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
358
$476.2M
November 2024
348
$562.1M
December 2024
389
$610.3M
January 2025
329
$576.6M
February 2025
319
$501.2M
March 2025
369
$581.9M
April 2025
332
$540.9M
May 2025
352
$540.7M
June 2025
333
$766M
July 2025
390
$652M
August 2025
316
$569.5M
September 2025
329
$515.8M
October 2025
370
$546.9M
November 2025
350
$635.9M
December 2025
405
$795.9M
January 2026
332
$889.4M
February 2026
336
$627.9M
March 2026
349
$774.8M
April 2026
357
$573.3M
May 2026
294
$652.7M
June 2026
375
$790.4M
July 2026
378
$637.8M
August 2026
355
$603.8M
September 2026
302
$714.7M
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
$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
$494
May 2026
$494
June 2026
$505
July 2026
$508
August 2026
$517
September 2026
$517
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
1,542
November 2024
1,309
December 2024
1,197
January 2025
1,255
February 2025
1,160
March 2025
1,187
April 2025
1,318
May 2025
1,189
June 2025
1,271
July 2025
1,262
August 2025
1,209
September 2025
1,247
October 2025
1,422
November 2025
1,144
December 2025
1,243
January 2026
1,051
February 2026
800
March 2026
1,121
April 2026
1,269
May 2026
1,156
June 2026
1,347
July 2026
1,259
August 2026
353
September 2026
0
What trades here
Share of recorded sales by asset class, last 12 months.
Show the data
Asset class
Sales
Multifamily
3,422
Mixed Use
260
Retail
175
Other
115
Industrial
96
Development
69
Office
58
Hospitality
8
Seller distress
11.3% of 143,193 multifamily and mixed-use parcels in Queens carry a Motivated-Seller Score of 10+ as of November 2026, up from 1.2% in August 2026. Citywide the figure is 16.4%.
Queens
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 Queens?
The median recorded sale was $505 per square foot across 4,099 priced income-property sales in the 12 months to September 2026, up 3.3% 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 $475K per residential unit in the 12 months to September 2026, across 3,681 recorded sales.
How many commercial real estate sales were there in Queens last year?
4,203 income-property sales worth $8.2B 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 Queens?
The most active institutional lender over the last 12 months was JPMorgan Chase Bank, N.A., with 474 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.
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.
