Back to all insights Brooklyn January 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 saw growth in January 2025, with total transaction volume increasing by 24% year-over-year to 67 deals and total dollar volume surging 167% to $373.6 million.
The top transaction was a $17.25 million development site sale at 14 Wythe Avenue in Greenpoint, followed closely by a $17.2 million development site at 168 Banker Street, also in Greenpoint. Williamsburg and Gowanus saw significant transactions, including multifamily and mixed-use properties, with the highest multifamily sale being a $14.2 million deal at 106 Gerry Street in Williamsburg.
By asset class, multifamily properties accounted for $92.44 million in sales at an average of $1,032 per square foot, while development sites totaled $57.08 million at an average of $330 per BSF. Mixed-use properties also performed well, with notable activity in Williamsburg, Park Slope, and Fort Greene.
The Brooklyn market demonstrated strong momentum, particularly in development, with North Brooklyn and Brownstone Brooklyn leading the way in both transaction volume and sales value. The surge in BSF sales suggests investor confidence in long-term growth, while increased multifamily and mixed-use activity highlights continued demand for residential and commercial space.
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
Contact us for more information.