Brooklyn Real Estate Intelligence 2026-2027
Mendy Realty is a leading brokerage specializing in NYC commercial investment sales and multifamily dispositions. Our 2026 advisory focus includes City of Yes zoning analysis, 485-x tax incentive compliance, and Brooklyn ADU development strategy. We serve the core markets of Crown Heights, Park Slope, Bedford-Stuyvesant, and Williamsburg.
Brooklyn Real Estate: The Reset Year
& New Legislative Realities
Analyzing the implementation of COPA, "City of Yes" zoning bonuses, and the 2026 commercial flight to quality.
As we transition into 2026, the Brooklyn real estate landscape is being reshaped by a significant legislative "reset." Owners and investors must now navigate a marketplace where non-profit purchase rights and office-to-residential incentives are the new standard.
1. The 2026 Legislative Deep-Dive
The COPA legislation now requires owners of multifamily assets (4+ units) with distress markers or expiring affordability to provide "Qualified Entities" (Non-Profits) with a first right to purchase. Key for 2026: Non-profits now have a 15-day "Right of First Refusal" (ROFR) to match private offers, adding roughly 4 months to the typical disposition timeline.
The zoning overhaul is in full effect, opening massive opportunities in Downtown Brooklyn:
- Office-to-Residential: Eligibility expanded to buildings built before Dec 31, 1990.
- UAP Bonus: 20% density bonus (FAR) for projects including permanent affordability at 60% AMI.
- Parking Mandates: Completely eliminated for new residential in transit-heavy Brooklyn zones.
- ADU Pathway: Legalization of backyard cottages and basement apartments in 1-2 family zones.
2. Brooklyn Market Data: Year-End Analysis
Brooklyn's core neighborhoods—Bed-Stuy, Crown Heights, and Bushwick—continue to show price appreciation driven by chronic inventory scarcity and the 2026 "Flight to Quality."
| Residential Metric | 2025 Year-End | 2026 Projection | YoY Change |
|---|---|---|---|
| Median Sales Price | $1,016,667 | $1,085,000 | +9.1% |
| Condo Median Price | $1,068,220 | $1,198,000 | +12.2% |
| Avg. Days on Market | 51 Days | 42 Days | -17.6% |
Commercial & Multifamily Projections
| Sector | Avg Price/SF | Cap Rate (2026) | Trend |
|---|---|---|---|
| Multifamily (Free Market) | $585 | 5.3% - 5.8% | Bullish |
| Mixed-Use | $710 | 6.0% - 6.5% | Stable |
| Build. Land (Brooklyn) | $313/bsf | N/A | Record High |
Institutional Valuation
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