NEW YORK, NY – April 4, 2025 – A leader in the investment sales market in the Bronx, Ariel Property Advisors (Ariel) is currently marketing or has in contract nearly 60 properties valued at close to $400 million across the borough. These include 12 new exclusive listings for multifamily, development, and industrial properties valued at nearly $140 million.

The properties are being marketed by Founding Partner Victor Sozio, Senior Director Jason Gold, Director Daniel Mahfar, and Associate Director Gabriel Elyaszadeh, along with President and Founder Shimon Shkury, Founding Partner Michael Tortorici, and Associate Director Jake Brody.

“Ariel Property Advisors is a leader in selling the Affordable Housing asset class and is currently marketing several multifamily portfolios across the Bronx comprising 22 buildings with 1,056 units and located in the neighborhoods of Longwood, Highbridge, West Farms and Hunts Point,” Sozio said.

Gold added, "Although investment sales across the Bronx declined 33% year-over-year to $1.23 billion 2024, the lowest level since 2011, Ariel's robust pipeline, including $140 million in recently listed assets, suggests a more active 2025."

"The new listings feature a mix of well-located multifamily, development and industrial properties,” Mahfar noted. “These include a 38,641-square-foot warehouse/industrial property offering five drive-in doors, freight elevator, and an ideal Central Bronx location one block from the Cross Bronx Expressway and Webster Avenue.”

Select new Bronx listings include the following:

      • The Tegford Portfolio, a 249-unit mixed-use package comprised of nine walk-up buildings encompassing nearly a city block in the Longwood section of the Bronx. The asking price is $22.75 million. The 163,428-square-foot portfolio features 237 residential units and 12 commercial units in the nine, five-story buildings located along Wales Avenue, East 152nd Street, East 151st Street and Tinton Avenue.
      • 4109 Park Avenue and 413 East 175th Street, a 38,641-square-foot warehouse industrial building with an asking price of $8.25 million. The fully sprinklered property includes five drive-in doors, a freight elevator and an adjacent parking lot for tenants. Ceiling heights vary from 11’-16’ throughout the building.
      • 114 Bruckner Boulevard, a development site offering 57,190 BSF as of right with an asking price of $7.95 million. A Dunkin’ Donuts currently sits on the corner site, which is located on a major retail corridor, Bruckner Blvd. The site would be a great candidate to utilize the new “City of Yes” UAP (Universal Affordability Preference) program which would allow for up to 68,400 BSF.
      • 1405-1409 Webster Avenue, a development site commanding 75’ of high-visibility frontage on Webster Avenue, a thriving retail corridor, has an asking price of $6.75 million. The site offers 55,436 BSF including air rights and is a candidate for the 485x tax abatement program and the City of Yes UAP program could bring the total potential to 63,011 BSF.
      • 3522 Webster Avenue, a 27,792 SF vacant commercial building with air rights available for sale or lease. Ceiling heights range from 14’-18’ and the 100’ of frontage on Webster Avenue provides users with a great street presence in the neighborhood. The ground floor is currently a built-out car dealership space, and the asset includes two ramps for cars/trucks to access the second floor and lower level parking areas.

NOTE: For more information about the Bronx investment sales market, please refer to Ariel’s latest research reports covering the New York City investment sales market: Ariel Property Advisors’ 2024 New York City Multifamily Year In Review and Bronx 2024 Year-End Commercial Real Estate Trends report.