Back to all insights Queens entered 2025 with steady investor activity recording 32 transactions totaling $102.5 million in sales volume—up 7% in transaction count year-over-year. While total units sold declined 22%, the amount of buildable square footage sold rose by 26%, reaching nearly 170,000 buildable SF, highlighting developers’ long-term confidence in Queens as a growth market.
Mixed-use assets led the market with $27.73 million across 13 transactions, followed closely by multifamily ($32.6 million), development ($30.45 million), and industrial ($11.68 million). Top neighborhoods attracting capital included Long Island City, South Astoria, Jackson Heights, and Ridgewood—each offering diverse investment profiles and value-add potential.
Queen’s Q1 performance reflects a broader NYC trend: while Manhattan continues to command attention at the core of the city’s real estate market, outer boroughs like Queens are increasingly viewed as vital areas for strategic expansion, particularly for investors focused on scalability, redevelopment, and emerging neighborhood upside.
Multifamily, Mixed-Use and Development transactions between $1,000,000 – $50,000,000 from January 1, 2025 – March 31, 2025
Zip Codes: 11101, 11102, 11103, 11104, 11105, 11106, 11369, 11370, 11372, 11377, 11385
Neighborhoods: : Astoria Heights, Ditmars Steinway, East Elmhurst, Hunter’s Point, Jackson Heights, Long Island City, Old Astoria, Ridgewood, South Astoria, Sunnyside, Sunnyside Gardens, Woodside
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