Brook Brokers publishes ongoing Brooklyn market reports focused on multifamily, mixed-use, and development site transactions across the borough. These reports track actual recorded sales, providing insight into pricing trends, transaction volume, and shifts in buyer demand.
Our analysis emphasizes building classes such as walk-up multifamily, elevator buildings, and mixed-use properties, with a focus on how these assets are trading in today’s market environment. Given the current challenges in rent-stabilized assets and the relative strength in mixed-use properties, these reports help owners, investors, and lenders understand where the market is active.
Each report is based on recorded data and supplemented with our interpretation of market conditions, including capital markets activity, financing trends, and deal structure.
Dear Owner / Investor,
Below is a snapshot of the Brooklyn multifamily and mixed-use market, along with select transactions recorded in July 2026.
Brooklyn recorded 21 qualifying multifamily transactions during July 2026, totaling approximately $55.6 million in sales volume and encompassing 238 residential units. The analysis includes rental apartment buildings with five or more residential units that sold for at least $1 million.
The median transaction price during the month was $2.25 million. On a per-unit basis, the median was approximately $281,500, while the aggregate price per unit across all qualifying transactions was approximately $233,500. The difference between these measures reflects the variation in building size and pricing among properties sold during the month.
July activity was overwhelmingly concentrated in walk-up apartment buildings. Twenty of the 21 qualifying transactions were walk-ups, with only one elevator apartment building meeting the criteria. The median property contained eight residential units, demonstrating that transaction activity during July was concentrated primarily in Brooklyn’s smaller and mid-sized multifamily properties rather than large apartment complexes.
The 21 transactions were distributed across 15 Brooklyn neighborhoods, indicating that sales activity was geographically dispersed rather than concentrated in only a few submarkets.
| Address | Neighborhood | Sale Date | Sale Price | Building Size (SF) | Price / SF |
|---|---|---|---|---|---|
| 1277 Lincoln Pl, Brooklyn, NY 11213 | Crown Heights | 07/01/2026 | $4,800,000 | 7,308 | $657 |
| 1255 Decatur St, Brooklyn, NY 11207 | Bushwick | 07/09/2026 | $4,950,000 | 5,737 | $863 |
| 1051 New York Ave, Brooklyn, NY 11203 | East Flatbush | 07/13/2026 | $2,550,000 | 5,602 | $455 |
| 596 Humboldt St, Brooklyn, NY 11222 | Greenpoint | 07/01/2026 | $1,689,000 | 3,750 | $450 |
| 395 Washington Ave, Brooklyn, NY 11238 | Clinton Hill | 07/02/2026 | $3,410,000 | 11,445 | $298 |
| 364 Hooper St, Brooklyn, NY 11211 | Williamsburg | 07/09/2026 | $2,250,000 | 3,840 | $586 |
1277 Lincoln Pl, Brooklyn, NY 11213
Crown Heights
1255 Decatur St, Brooklyn, NY 11207
Bushwick
1051 New York Ave, Brooklyn, NY 11203
East Flatbush
596 Humboldt St, Brooklyn, NY 11222
Greenpoint
395 Washington Ave, Brooklyn, NY 11238
Clinton Hill
364 Hooper St, Brooklyn, NY 11211
Williamsburg
| Address | Neighborhood | Sale Date | Sale Price | Building Size (SF) | Price / SF |
|---|---|---|---|---|---|
| 1144 Halsey St, Brooklyn, NY 11207 | Bushwick | 07/01/2026 | $1,765,000 | 3,960 | $446 |
| 709 Fulton St, Brooklyn, NY 11217 | Fort Greene | 07/10/2026 | $3,000,000 | 4,350 | $690 |
| 451 Classon Ave, Brooklyn, NY 11238 | Bedford-Stuyvesant | 07/02/2026 | $1,500,000 | 2,946 | $509 |
| 219 Court St, Brooklyn, NY 11201 | Cobble Hill | 07/15/2026 | $3,915,000 | 4,075 | $961 |
| 122 Montague St, Brooklyn, NY 11201 | Brooklyn Heights | 07/01/2026 | $5,100,000 | 6,800 | $750 |
| 39 Clifton Pl, Brooklyn, NY 11238 | Clinton Hill | 07/28/2026 | $4,450,000 | 4,200 | $1060 |
1144 Halsey St, Brooklyn, NY 11207
Bushwick
709 Fulton St, Brooklyn, NY 11217
Fort Greene
451 Classon Ave, Brooklyn, NY 11238
Bedford-Stuyvesant
219 Court St, Brooklyn, NY 11201
Cobble Hill
122 Montague St, Brooklyn, NY 11201
Brooklyn Heights
39 Clifton Pl, Brooklyn, NY 11238
Clinton Hill
Brooklyn Market Overview
The Federal Reserve’s July 2026 Beige Book points to a more cautious commercial mortgage lending environment in the New York region. Small- and medium-sized regional banks reported that demand for commercial mortgages declined during the reporting period. Refinancing activity also fell, suggesting that many property owners may be delaying transactions or remaining on the sidelines amid elevated borrowing costs.
At the same time, banks tightened credit standards slightly for commercial mortgages. This indicates that even though financing remains available, lenders are becoming somewhat more selective when evaluating new loans. Loan performance, however, generally remained steady, an important indication that the tightening does not appear to be driven by a broad deterioration in existing loan portfolios.
For Brooklyn commercial property owners, the report suggests that borrowers seeking acquisition financing or approaching a loan maturity should expect a more disciplined lending process. With commercial mortgage and refinancing demand declining while underwriting standards tighten, owners may find meaningful differences among lenders in their willingness to finance a particular property.
The Federal Reserve does not provide specific commercial mortgage rates, spreads, LTV requirements, or DSCR requirements in this report. Therefore, the Beige Book’s primary message for borrowers is not that financing has become unavailable, but rather that regional banks have become somewhat more cautious about extending commercial real estate credit.
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