Back to all insights Brooklyn February 2025 Market Report-
This report provides an in-depth overview of the Brooklyn real estate market, highlighting recent transactions and sales performance metrics while capturing the trends and opportunities shaping the market.
The Brooklyn real estate market experienced a slight slowdown in February 2025, with total transactions declining 13% year-over-year to 42 deals and total dollar volume falling 18% to $128.94 million. Despite the decline in sales activity, unit sales remained stable, rising 2% to 244 units.
Regionally, Brownstone Brooklyn led with $33.15 million across 11 transactions, boasting an average price of $1,058 per square foot, indicative of its premium status, while North Brooklyn followed with $29.3 million and a high average of $529 per square foot. The top transaction was a $14 million multifamily sale at 177 Concord Street in Downtown Brooklyn, followed by an $11.2 million mixed-use property in Williamsburg and an $11.15 million multifamily sale in Greenpoint.
Multifamily transactions totaled 23 deals worth $57.74 million, averaging $509 per square foot, while mixed-use properties saw 17 transactions for $47 million at $524 per square foot, and development sites, though fewer at 2 deals, added $10.1 million with an average of $195 per buildable square foot.
While transaction volume and dollar sales declined, Brooklyn remains a highly active investment market, with continued interest in all asset types. Investor confidence is particularly strong in North Brooklyn, Brownstone Brooklyn, and Southwest Brooklyn, where pricing remains competitive, and demand for well-located assets persists.
Multifamily, Mixed-Use and Development transactions between $1,000,000 – $50,000,000 from January 1, 2025 -January 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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