Home › NYC Market › Brooklyn › Sheepshead Bay, Gerritsen Beach & Marine Park

Sheepshead Bay, Gerritsen Beach & Marine Park multifamily & commercial real estate market

Recorded sales, prices, construction, lending and ownership for income and commercial property in Sheepshead Bay, Gerritsen Beach & Marine Park, updated monthly from NYC public records. Data through July 2026. Covers Sheepshead Bay, Gerritsen Beach, Marine Park and Manhattan Beach.

Get new sales, permits and off-market deals here in your weekly Pulse brief.
$569.8M300 sales, last 12 months▼ 7.4% YoY
$513Median price / sq ft▼ 3.6% YoY
$500KMedian price / unit (multifamily)▼ 3.9% YoY
50Off-market listings on Crezly now
September 2026 summary

300 income-property sales were recorded in Sheepshead Bay, Gerritsen Beach & Marine Park in the 12 months ending July 2026, down 16.2% from the prior 12 months, with dollar volume of $569.8M, down 7.4%. The median price per square foot was $513, down 3.6%, and the median price per residential unit for multifamily and mixed-use properties was $500K, down 3.9%. DOB construction permits totaled 1,039, down 4.1%. 1.1% of multifamily and mixed-use parcels carried a Motivated-Seller Score of 10 or above, compared with 2.9% citywide. Citizens Bank NA was the most active lender, recording 75 mortgages.

Market trends

Recorded sales volume by month

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

$0$25M$50M$75M$100MAugust 2024: $71.6M in recorded salesSeptember 2024: $44.3M in recorded salesOctober 2024: $74.3M in recorded salesNovember 2024: $46.7M in recorded salesDecember 2024: $42.5M in recorded salesJanuary 2025: $72M in recorded salesFebruary 2025: $40.7M in recorded salesMarch 2025: $29.2M in recorded salesApril 2025: $36.2M in recorded salesMay 2025: $40.7M in recorded salesJune 2025: $70M in recorded salesJuly 2025: $47.1M in recorded salesAugust 2025: $91.3M in recorded salesSeptember 2025: $53M in recorded salesOctober 2025: $22.2M in recorded salesNovember 2025: $46.8M in recorded salesDecember 2025: $28.8M in recorded salesJanuary 2026: $21.6M in recorded salesFebruary 2026: $33M in recorded salesMarch 2026: $74.1M in recorded salesApril 2026: $46.3M in recorded salesMay 2026: $37.7M in recorded salesJune 2026: $59.7M in recorded salesJuly 2026: $55.4M in recorded sales$55.4MOct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
$0$25M$50M$75M$100MAugust 2024: $71.6M in recorded salesSeptember 2024: $44.3M in recorded salesOctober 2024: $74.3M in recorded salesNovember 2024: $46.7M in recorded salesDecember 2024: $42.5M in recorded salesJanuary 2025: $72M in recorded salesFebruary 2025: $40.7M in recorded salesMarch 2025: $29.2M in recorded salesApril 2025: $36.2M in recorded salesMay 2025: $40.7M in recorded salesJune 2025: $70M in recorded salesJuly 2025: $47.1M in recorded salesAugust 2025: $91.3M in recorded salesSeptember 2025: $53M in recorded salesOctober 2025: $22.2M in recorded salesNovember 2025: $46.8M in recorded salesDecember 2025: $28.8M in recorded salesJanuary 2026: $21.6M in recorded salesFebruary 2026: $33M in recorded salesMarch 2026: $74.1M in recorded salesApril 2026: $46.3M in recorded salesMay 2026: $37.7M in recorded salesJune 2026: $59.7M in recorded salesJuly 2026: $55.4M in recorded sales$55.4MJan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthSalesVolume
August 202427$71.6M
September 202428$44.3M
October 202436$74.3M
November 202431$46.7M
December 202430$42.5M
January 202532$72M
February 202529$40.7M
March 202522$29.2M
April 202526$36.2M
May 202527$40.7M
June 202541$70M
July 202529$47.1M
August 202527$91.3M
September 202533$53M
October 202514$22.2M
November 202529$46.8M
December 202522$28.8M
January 202619$21.6M
February 202623$33M
March 202634$74.1M
April 202622$46.3M
May 202625$37.7M
June 202635$59.7M
July 202617$55.4M

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: $528 per sq ft (3-month median)September 2024: $542 per sq ft (3-month median)October 2024: $515 per sq ft (3-month median)November 2024: $521 per sq ft (3-month median)December 2024: $501 per sq ft (3-month median)January 2025: $508 per sq ft (3-month median)February 2025: $514 per sq ft (3-month median)March 2025: $550 per sq ft (3-month median)April 2025: $559 per sq ft (3-month median)May 2025: $562 per sq ft (3-month median)June 2025: $538 per sq ft (3-month median)July 2025: $539 per sq ft (3-month median)August 2025: $524 per sq ft (3-month median)September 2025: $520 per sq ft (3-month median)October 2025: $509 per sq ft (3-month median)November 2025: $514 per sq ft (3-month median)December 2025: $516 per sq ft (3-month median)January 2026: $502 per sq ft (3-month median)February 2026: $502 per sq ft (3-month median)March 2026: $510 per sq ft (3-month median)April 2026: $552 per sq ft (3-month median)May 2026: $549 per sq ft (3-month median)June 2026: $501 per sq ft (3-month median)July 2026: $492 per sq ft (3-month median)$492Oct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
$400$600$800August 2024: $528 per sq ft (3-month median)September 2024: $542 per sq ft (3-month median)October 2024: $515 per sq ft (3-month median)November 2024: $521 per sq ft (3-month median)December 2024: $501 per sq ft (3-month median)January 2025: $508 per sq ft (3-month median)February 2025: $514 per sq ft (3-month median)March 2025: $550 per sq ft (3-month median)April 2025: $559 per sq ft (3-month median)May 2025: $562 per sq ft (3-month median)June 2025: $538 per sq ft (3-month median)July 2025: $539 per sq ft (3-month median)August 2025: $524 per sq ft (3-month median)September 2025: $520 per sq ft (3-month median)October 2025: $509 per sq ft (3-month median)November 2025: $514 per sq ft (3-month median)December 2025: $516 per sq ft (3-month median)January 2026: $502 per sq ft (3-month median)February 2026: $502 per sq ft (3-month median)March 2026: $510 per sq ft (3-month median)April 2026: $552 per sq ft (3-month median)May 2026: $549 per sq ft (3-month median)June 2026: $501 per sq ft (3-month median)July 2026: $492 per sq ft (3-month median)$492Jan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthMedian $/sf (3-mo)
August 2024$528
September 2024$542
October 2024$515
November 2024$521
December 2024$501
January 2025$508
February 2025$514
March 2025$550
April 2025$559
May 2025$562
June 2025$538
July 2025$539
August 2025$524
September 2025$520
October 2025$509
November 2025$514
December 2025$516
January 2026$502
February 2026$502
March 2026$510
April 2026$552
May 2026$549
June 2026$501
July 2026$492

Construction permits issued

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

050100150200August 2024: 76 construction permitsSeptember 2024: 69 construction permitsOctober 2024: 88 construction permitsNovember 2024: 91 construction permitsDecember 2024: 78 construction permitsJanuary 2025: 90 construction permitsFebruary 2025: 70 construction permitsMarch 2025: 112 construction permitsApril 2025: 99 construction permitsMay 2025: 107 construction permitsJune 2025: 88 construction permitsJuly 2025: 115 construction permitsAugust 2025: 98 construction permitsSeptember 2025: 96 construction permitsOctober 2025: 94 construction permitsNovember 2025: 67 construction permitsDecember 2025: 101 construction permitsJanuary 2026: 62 construction permitsFebruary 2026: 65 construction permitsMarch 2026: 77 construction permitsApril 2026: 90 construction permitsMay 2026: 82 construction permitsJune 2026: 113 construction permitsJuly 2026: 94 construction permits94Oct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
050100150200August 2024: 76 construction permitsSeptember 2024: 69 construction permitsOctober 2024: 88 construction permitsNovember 2024: 91 construction permitsDecember 2024: 78 construction permitsJanuary 2025: 90 construction permitsFebruary 2025: 70 construction permitsMarch 2025: 112 construction permitsApril 2025: 99 construction permitsMay 2025: 107 construction permitsJune 2025: 88 construction permitsJuly 2025: 115 construction permitsAugust 2025: 98 construction permitsSeptember 2025: 96 construction permitsOctober 2025: 94 construction permitsNovember 2025: 67 construction permitsDecember 2025: 101 construction permitsJanuary 2026: 62 construction permitsFebruary 2026: 65 construction permitsMarch 2026: 77 construction permitsApril 2026: 90 construction permitsMay 2026: 82 construction permitsJune 2026: 113 construction permitsJuly 2026: 94 construction permits94Jan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthPermits
August 202476
September 202469
October 202488
November 202491
December 202478
January 202590
February 202570
March 2025112
April 202599
May 2025107
June 202588
July 2025115
August 202598
September 202596
October 202594
November 202567
December 2025101
January 202662
February 202665
March 202677
April 202690
May 202682
June 2026113
July 202694

What trades here

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

Multifamily: 249 sales (83%)Multifamily83% · 249Mixed Use: 23 sales (8%)Mixed Use8% · 23Retail: 13 sales (4%)Retail4% · 13Other: 6 sales (2%)Other2% · 6Office: 5 sales (2%)Office2% · 5Development: 4 sales (1%)Development1% · 4
Multifamily: 249 sales (83%)Multifamily83% · 249Mixed Use: 23 sales (8%)Mixed Use8% · 23Retail: 13 sales (4%)Retail4% · 13Other: 6 sales (2%)Other2% · 6Office: 5 sales (2%)Office2% · 5Development: 4 sales (1%)Development1% · 4
Show the data
Asset classSales
Multifamily249
Mixed Use23
Retail13
Other6
Office5
Development4

Seller distress

1.1% of 11,291 multifamily and mixed-use parcels in Sheepshead Bay, Gerritsen Beach & Marine Park carry a Motivated-Seller Score of 10+ as of September 2026, unchanged from 1.1% 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
1630 East 15 StreetOfficeJul 2026$31M
1628 Ocean ParkwayMultifamilyJun 2026$12.3M
2183 Ocean ParkwayMultifamilyJun 2026$7M
2295 Ocean ParkwayMultifamilyJul 2026$4.6M
3696 Nostrand AvenueRetailMay 2026$3.6M

Most active lenders

Institutional mortgages recorded in the last 12 months.

  1. Citizens Bank NA75 loans · $53.4M
  2. JPMorgan Chase Bank, N.A.53 loans · $46.5M
  3. TD Bank NA42 loans · $19.1M
  4. United Wholesale Mortgage, LLC25 loans · $18.3M
  5. Fm Home Loans, LLC23 loans · $18.2M
Lender directory →

Largest owners

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

  1. Coyle St. Realty LLC15 parcels · 3 units
  2. Lee Family Florida, LLC11 parcels · 36 units
  3. Rem Empire Group LLC11 parcels · 1 units
  4. Racmjl Irrevocable Trust10 parcels · 11 units
  5. Paradise Marina & Yacht Club, LLC10 parcels · 1 units
Largest Brooklyn landlords → · Owner directory

Off-market deals in Sheepshead Bay, Gerritsen Beach & Marine Park

$10MDevelopment Site Sheepshead
$2.1MSingle Family Sheepshead
$2.2MDevelopment Site Sheepshead
$2.3MDevelopment Site Sheepshead

All 50 listings in Sheepshead Bay, Gerritsen Beach & Marine Park →

Frequently asked questions

What is the price per square foot for commercial and multifamily property in Sheepshead Bay, Gerritsen Beach & Marine Park?

The median recorded sale was $513 per square foot across 293 priced income-property sales in the 12 months to July 2026, down 3.6% on the prior year.

How much do multifamily buildings sell for per unit in Sheepshead Bay, Gerritsen Beach & Marine Park?

Multifamily and mixed-use buildings sold for a median of $500K per residential unit in the 12 months to July 2026, across 272 recorded sales.

How many commercial real estate sales were there in Sheepshead Bay, Gerritsen Beach & Marine Park last year?

300 income-property sales worth $569.8M 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 Sheepshead Bay, Gerritsen Beach & Marine Park?

The most active institutional lender over the last 12 months was Citizens Bank NA, with 75 recorded mortgages. The Crezly lender directory ranks every lender by recorded loans.

Track Sheepshead Bay, Gerritsen Beach & Marine Park deals as they happen

New sales, permits, off-market listings and distress signals, in one weekly brief.
Open the live WhatsApp deal feed

Nearby neighborhoods

Property records in Sheepshead Bay, Gerritsen Beach & Marine Park

Brooklyn market · 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.