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Brooklyn Investment Sales Rebound in 2021
Brooklyn’s total investment sales transactions and dollar volume in 2021 increased over 2020 and pre-pandemic levels, recording $6.1 billion in sales over 1,198 transactions, TerraCRG reported. That’s compared to $4.5 billion in sales and 813 transactions in 2020 and $5.2 billion in sales and 956 transactions in 2019.
“Brooklyn’s investment sales market showed its resilience in 2021, with total transactions reaching pre-pandemic levels,” said Ofer Cohen, founder and CEO of TerraCRG. “After a slow start for the year, 70% of the total dollar volume in 2021 occurred in the latter half of the year parallel to the vaccine rollout and the re-opening of businesses and schools. The fourth quarter saw the most deals – a good indicator of what 2022 should bring.”
Large institutional sales dominated the landscape, with the top 10 deals accounting for more than 25% of the total dollar volume. Seven 2021 transactions exceeded $100 million.
Pictured: The Denizen in Bushwick, which traded for $506 million.
- ◦Sale/Acquisition

