Back to all insights Brooklyn’s real estate market continued to show strength and diversity in Q1 2025, with notable gains in transaction volume and a major spike in development activity. A total of 170 transactions were recorded, representing a 5% year-over-year increase, while the total dollar volume surged 41% to $685.7 million. Although total units sold declined slightly (-5%), the volume of buildable square footage sold grew a remarkable 344%, totaling over 683,000 buildable SF, an indicator of bullish long-term investor sentiment.
Mixed-use assets led the market with $285.92 million across 72 transactions, followed by multifamily ($210.53 million), development ($147.26 million), and industrial ($35.14 million). Prominent neighborhoods like Williamsburg, Park Slope, Greenpoint, and Downtown Brooklyn remained key investment hot spots. The sale of large portfolios and development sites highlights the appetite for scale and repositioning potential across asset classes.
This performance reflects Brooklyn’s resilience and evolution, positioning it as both a complement and a competitive alternative to other New York City Markets, like Manhattan. The borough’s diverse asset mix, range of emerging neighborhoods, and accelerating development interest suggest that Brooklyn remains a dynamic and strategic target for investors seeking both stability and upside in NYC real estate
Multifamily, Mixed-Use, Industrial and Development transactions between $1,000,000 – $100,000,000 from January 1, 2025 – March 31, 2025
Zip Codes: 11201, 11203, 11204, 11205, 11205, 11206, 11207, 11209, 11210, 11211, 11213, 11213, 11214, 11215, 11216, 11216, 11217, 11218, 11218, 11219, 11220, 11221, 11222, 11225, 11226, 11228, 11231, 11232, 11232, 11233, 11236, 11237, 11238, 11249, 12206
Neighborhoods: Bath Beach, Bay Ridge, Bed-Stuy, Bensonhurst, Boerum Hill, Borough Park, Brooklyn Heights, Bushwick, Carroll Gardens, City Line, Clinton Hill, Cobble Hill, Columbia Waterfront, Crown Heights North, Crown Heights South, Cypress Hill, Downtown Brooklyn, Dyker Heights, East Flatbush, East New York, Flatbush, Fort Greene, Gowanus, Greenpoint, Greenwood Heights, Kensington, Park Slope, Prospect Heights, Prospect-Lefferts-Gardens, Prospect Park, Red Hook, Sunset Park, Williamsburg, Windsor Terrace
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