131. Brooklyn Real Estate: Development, Distress & Opportunity in 2026 featuring Sean R. Kelly, Esq.
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131. Brooklyn Real Estate: Development, Distress & Opportunity in 2026 featuring Sean R. Kelly, Esq.
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In this episode of Coffee & Cap Rates, Shimon Shkury, President and Founder of Ariel Property Advisors, speaks with Sean R. Kelly, Partner at Ariel Property Advisors, about Brooklyn’s commercial real estate market in the first half of 2026.
The conversation covers the borough’s strong development activity, rising land values, the impact of zoning and tax incentives, and growing distress in the rent-stabilized multifamily market.
Key topics include:
- Development: Transaction volume reached approximately $1 billion, up 60% year over year, driven in part by zoning changes and the 485X tax abatement.
- Rent-Stabilized Multifamily: Rising operating costs, regulatory pressures, and 0% rent increases are prompting more long-term and generational owners to consider selling.
- Market Outlook: Sean and Shimon discuss continued activity across development, free-market multifamily, and rent-stabilized assets during the second half of 2026.
More information is available in Ariel Property Advisors’ Brooklyn 2026 Mid-Year Commercial Real Estate Trends report.
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