Brooklyn has overtaken Manhattan as the top-performing borough for multifamily property sales in the third quarter, according to a new report. The shift reflects a continued trend of rising demand and investment in Brooklyn’s residential market, particularly in high-growth neighborhoods. Analysts attribute the change to affordability compared to Manhattan, as well as the borough’s expanding infrastructure and appeal to developers. The data highlights a broader real estate dynamic where Brooklyn’s multifamily sector is becoming increasingly competitive.
Brooklyn Surpasses Manhattan in Multifamily Sales in Q3: Report Commercial Observer
