NYC Commercial Property Market Overview
New York City remains one of the most active commercial real estate investment markets in the world. Investment sales volume across all property types has historically exceeded $30 billion annually, driven by institutional capital, private investors, and 1031 exchange buyers seeking stable, income-producing assets in a market with deep tenant demand.
Cap rate compression across core Manhattan assets has pushed more investors toward Brooklyn, Queens, and the Bronx, where value-add and repositioning opportunities offer stronger risk-adjusted returns. The diversity of commercial property types available, from net-leased retail to last-mile industrial, makes NYC a market where nearly every investment strategy can find a fit.
5+
Property Types
4-7%
Avg Cap Rate
All 5
Boroughs
8M+
Population Served
Commercial Property Types Available
Retail
Street-level storefronts, strip centers, and net-leased retail across high-traffic corridors in Manhattan, Brooklyn, and Queens.
Office
Class A through C office buildings, from Midtown towers to boutique creative office spaces in Brooklyn and Lower Manhattan.
Industrial
Warehouses, distribution centers, and manufacturing facilities concentrated in Queens, Brooklyn, and the Bronx industrial corridors.
Mixed-Use
Properties combining retail, office, or residential components. Common throughout NYC, offering diversified income streams and redevelopment upside.
Commercial Property by Borough
Manhattan
The densest concentration of office and retail assets in the country. Manhattan attracts institutional capital and trades at the lowest cap rates, with core assets in Midtown, the Financial District, and SoHo commanding premium pricing.
Brooklyn
A market that has matured significantly over the past decade, Brooklyn offers a mix of industrial conversions, retail corridors along Atlantic and Flatbush Avenues, and emerging office submarkets in DUMBO and Downtown Brooklyn.
Queens
Home to the largest industrial inventory in NYC, Queens also features growing retail and mixed-use corridors in Long Island City, Astoria, and Flushing. Strong transportation access and comparatively lower basis attract value-oriented buyers.
Bronx
The Bronx provides the most affordable entry point for commercial property in NYC. Industrial assets in Hunts Point, retail along Fordham Road, and development sites near transit hubs offer strong value-add potential.
Staten Island
The least dense borough features suburban-style retail, small industrial facilities, and development land. Lower competition and pricing make it attractive for owner-occupiers and local investors.
Commercial Property Listings
1611 active listings
MULTI-FAMILY
34-32 43RD STREET, LONG ISLAND CITY, NY 11101
34-32 43RD STREET, Long Island City
Undisclosed
Contact for Details
MIXED-USE
29-02 23RD AVENUE, ASTORIA, NY 11105
29-02 23RD AVENUE, Astoria
Undisclosed
Contact for Details
RETAIL/ COMMERCIAL
196-33 NORTHERN BLVD, FLUSHING, NY 11358
196-33 NORTHERN BLVD, Flushing
Undisclosed
Contact for Details
INDUSTRIAL
94 DENTON AVENUE, NEW HYDE PARK, NY 11040
94 DENTON AVENUE, New Hyde Park
Undisclosed
7,500 SF
RETAIL
31-35 31ST STREET, ASTORIA, NY 11106
31-35 31ST STREET, Astoria
Undisclosed
1,388 SF
RETAIL/OFFICE
33-20 34TH AVENUE, ASTORIA, NY 11106
33-20 34TH AVENUE, Astoria
Undisclosed
380 SF
DEVELOPMENT SITE
44-15 COLLEGE POINT BLVD, FLUSHING, NY 11355
44-15 COLLEGE POINT BLVD, Flushing
Undisclosed
Contact for Details
RETAIL/OFFICE
33-02 34TH AVENUE, ASTORIA, NY 11106
33-02 34TH AVENUE, Astoria
Undisclosed
400 SF
INDUSTRIAL
26-33 2ND STREET, ASTORIA, NY 11102
26-33 2ND STREET, Astoria
Undisclosed
6,200 SF
RETAIL/ DEVELOPMENT
207-02 NORTHERN BLVD, BAYSIDE, NY 11361
207-02 NORTHERN BLVD, Bayside
Undisclosed
16,075 SF
LAND
35-11 41ST STREET, LONG ISLAND CITY, NY 11101
35-11 41ST STREET, Long Island City
Undisclosed
5,000 SF
INDUSTRIAL
35-17 42ND STREET, LONG ISLAND CITY, NY 11101
35-17 42ND STREET, Long Island City
Undisclosed
5,000 SF
INDUSTRIAL
1003 METROPOLITAN AVE, BROOKLYN, NY 11231
1003 METROPOLITAN AVE, Brooklyn
Undisclosed
9,500 SF
INDUSTRIAL
53-33 97TH PLACE, CORONA, NY 11368
53-33 97TH PLACE, Corona
Undisclosed
21,500 SF
INDUSTRIAL
2-15 26TH AVENUE, ASTORIA, NY 11102
2-15 26TH AVENUE, Astoria
Undisclosed
13,938 SF
RETAIL/OFFICE
45-06 64TH STREET, WOODSIDE, NY 11377
45-06 64TH STREET, Woodside
Undisclosed
1,780 SF
RETAIL/OFFICE
25-88 STEINWAY STREET, ASTORIA, NY 11103
25-88 STEINWAY STREET, Astoria
Undisclosed
1,500 SF
MULTI-FAMILY
24-56 44TH STREET, ASTORIA, NY 11103
24-56 44TH STREET, Astoria
Undisclosed
Contact for Details
RETAIL/OFFICE
28-16 21ST STREET, ASTORIA, NY 11102
28-16 21ST STREET, Astoria
Undisclosed
2,000 SF
MIXED-USE
26-20 DITMARS BLVD, ASTORIA, NY 11105
26-20 DITMARS BLVD, Astoria
Undisclosed
3,450 SF
LAND
46TH STREET - DITMARS BLVD/ASTORIA BLVD., ASTORIA, NY 11105
46TH STREET - DITMARS BLVD/ASTORIA BLVD., Astoria
Undisclosed
5,000 SF
RETAIL/OFFICE
58-06 FRANCIS LEWIS BLVD, BAYSIDE, NY 11364
58-06 FRANCIS LEWIS BLVD, Bayside
Undisclosed
Contact for Details
LAND
57-63 58TH PLACE, MASPETH, NY 11378
57-63 58TH PLACE, Maspeth
Undisclosed
2,892 SF
OFFICE
32-01 COLLEGE POINT BLVD., FLUSHING, NY 11354
32-01 COLLEGE POINT BLVD., Flushing
Undisclosed
Contact for Details
Market data provided by LoopNet and CommercialCafe. Listing information is deemed reliable but not guaranteed.
Why Work With a Broker for Commercial Property Acquisitions
NYC's commercial real estate market is fragmented across thousands of owners, property types, and submarkets. Many of the best acquisition opportunities never reach public listing platforms. A broker with established relationships and local market knowledge provides access to off-market deal flow that significantly expands your options.
Beyond sourcing, a commercial broker manages the full transaction lifecycle: comparable sale analysis, offer strategy, contract negotiation, due diligence coordination, and closing execution. For income-producing properties, lease audit and tenant credit analysis are critical steps that require experienced oversight.
At SymCRG, we combine on-the-ground borough knowledge with a proprietary data platform covering 850,000+ NYC parcels. Whether you are acquiring a single retail asset or assembling a portfolio across boroughs, we provide the market intelligence and execution discipline to close with confidence.
Frequently Asked Questions
What types of commercial property are available for sale in NYC?
NYC offers a wide range of commercial property types including retail storefronts, office buildings, industrial warehouses, mixed-use properties, development sites, and special-purpose buildings like parking garages or medical offices. Each borough has a distinct inventory mix, with Manhattan skewing toward office and retail, Brooklyn and Queens offering more industrial and mixed-use stock, and the Bronx providing value-oriented industrial and retail opportunities.
What are typical cap rates for commercial property in New York City?
Cap rates in NYC vary by asset type, location, and condition. Manhattan office and retail assets typically trade between 4% and 5.5%. Brooklyn and Queens commercial properties range from 5% to 7%, depending on tenant quality and lease terms. Industrial assets have compressed to 4.5% to 6.5% due to strong demand. Value-add and repositioning opportunities in outer boroughs can offer higher initial yields, particularly for properties with below-market leases or vacancy.
How do I finance a commercial property purchase in NYC?
Commercial property financing in NYC typically requires 25% to 35% down for conventional loans. Options include traditional bank loans, SBA 504 loans (for owner-occupied properties), CMBS loans for larger transactions, and bridge financing for value-add deals. Lenders evaluate the property net operating income, debt service coverage ratio, and borrower experience. Pre-approval and proof of funds are essential in competitive bidding situations.
What due diligence is required when buying commercial real estate in NYC?
Due diligence for NYC commercial purchases includes title search and insurance, zoning verification with the Department of City Planning, environmental Phase I assessment (and Phase II if warranted), building code and certificate of occupancy review, rent roll and lease audit for tenanted properties, property tax and assessment analysis, and physical inspection of structural, mechanical, and roof systems. Most buyers also commission a property condition report and survey.