Brooklyn’s funding gross sales market bent in 2025, but it surely didn’t break.
The borough logged $6.6 billion in business property trades throughout 1,191 offers, in response to TerraCRG’s 2025 Brooklyn Market Report. That marked a 16 % drop in greenback quantity from 2024, even because the transaction depend was principally flat.
“The prevailing theme is unquestionably uncertainty,” TerraCRG Dan Marks mentioned throughout a convention name. “There are lots of open questions which might be prone to be resolved … in 2026, and people outcomes are going to have a significant impression and implications for each house owners who’re deciding to promote and patrons relating to deploying capital.”
The yr unfolded amid a swirl of questions on interest rate cuts, mayoral and City Council elections and the passage of a major rezoning of Atlantic Avenue. However momentum constructed towards the tip of the yr as the image grew to become clearer. The fourth quarter closed with practically $1.8 billion in quantity throughout 277 transactions, bolstered by three trades over $100 million, per the report.
Residential improvement fared finest, posting a 24 % improve in greenback quantity year-over-year, or $1.4 billion throughout 58 transactions. The largest deal was Tavros Capital and Charney Firms’ buy of 175 Third Street from Aby Rosen’s RFR Holding for $164 million.
Blended-use posted the very best general greenback quantity at $1.8 billion throughout 445 transactions, regardless of a modest year-over-year decline. The biggest deal was Carlyle Group and Jay Greenberg’s Z+G Property Group’s buy of the 13-story condominium constructing at 130 Second Avenue in Gowanus from a three way partnership of Joyland Administration, Meral Property Group and the Loketch Group.
Multi-family advised a extra nuanced story. Transaction depend rose, at the same time as greenback quantity slid 23 %, signaling robust demand at decrease costs. The yr’s largest multifamily deal got here in Fort Greene, the place Fetner Properties, MCB Actual Property and Farallon Capital Administration paid $210.5 million to Rabsky Group for the 463-unit constructing at 240 Willoughby Avenue.
Different sectors struggled to regain footing. Industrial gross sales plunged 67 % by greenback quantity, reflecting an absence of accessible stock. Retail quantity fell 20 %, although trophy belongings in Williamsburg continued to command record numbers from institutional patrons.
Market headwinds are unlikely to dissipate in a single day, as political shifts proceed to form dealmaking.
Marks mentioned, “2026 goes to be outlined loads by how the brand new administration is behaving and what they’re in a position to get handed.”
Learn extra
Aby Rosen’s RFR selling Gownaus dev site for $160M
Carlyle strikes in Brooklyn again with $105M purchase
Rabsky sells Fort Greene multifamily development for $210M
