Back to all insights Brooklyn Q4 2024 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 Brooklyn real estate market in Q4 2024 showcased significant growth and strong investor confidence, with a total transaction volume of $796.1 million—a 96% increase from the previous year. The number of transactions also surged by 43%, demonstrating heightened market activity across multifamily, mixed-use, and development properties. Multifamily sales accounted for $256.35 million, while mixed-use transactions totaled $279.75 million, reflecting strong demand for residential and commercial assets. Development activity remained robust, with nearly 880,000 buildable square feet sold, signaling continued expansion and investment in the borough’s future. The market’s overall performance highlights Brooklyn’s appeal as a premier investment destination, driven by rising property values, steady demand, and ongoing development opportunities.
Multifamily, Mixed-Use and Development transactions between $1,000,000 – $50,000,000 from October 1, 2024 – December 31, 2024
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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