NEW YORK, NY – July 23, 2025 – The Bronx investment sales market experienced a significant recovery in the first half of 2025 with dollar volume rising to $1.07 billion and transactions to 126, year-over-year increases of 106% and 18%, respectively, according to Ariel Property Advisors’ Bronx 2025 Mid-Year Commercial Real Estate Trends report.

"Institutional investors are decisively re-entering the Bronx market, driving the most significant sales volume we've seen since the first half of 2022,” said Senior Director Jason Gold. “Much of this activity stems from the multifamily sector, where pressure on owners of rent-stabilized assets is creating compelling opportunities for well-capitalized buyers to acquire properties at a favorable basis."

Director Daniel Mahfar continued, "The long-term outlook for the Bronx is exceptionally bright, thanks to a powerful convergence of factors. Pro-housing policies like City of Yes and the 485-x abatement are laying the groundwork for development, while the transformative $3 billion Metro-North expansion will anchor the borough as a hub for future growth and investment."

Multifamily Highlights

      • The Bronx’s multifamily sales totaled $565 million across 60 transactions in 1H 2025, comprising about half the borough’s dollar volume and transactions. Compared to 2024, the $/SF in the first six months of the year fell 32% to $126 and the $/unit fell 27% to $111,380.
      • The surge of multifamily activity was largely driven by the sale of rent-stabilized buildings, which constituted 76% of the multifamily dollar volume and 74% of its transactions. The most significant rent stabilized transaction was the sale of Related Companies’ 36-building, 2,021-unit Bronx portfolio to PH Realty Capital LLC for $189 million, discounted from $253 million paid by Related in 2014.
      • The affordable housing sector constituted 21% of the market’s dollar volume and 15% of transaction volume. Highlighting this activity was Phoenix Realty Group’s $54.5 million acquisition of the 314-unit Soundview complex from Camber Property Group in May.

Development Highlights

      • The Bronx development market showed remarkable strength in the first half of 2025, with dollar volume soaring 46% to $283.7 million compared to the same period in 2024. This growth was largely triggered by City and State pro-housing policies including the 485x tax incentive and the City of Yes zoning changes.
      • Pricing saw a minor dip from $110/BSF at the end of 2024 to $101/BSF in the first half of 2025, however, the latest figure is the second-highest price recorded in the last six years, underscoring the enduring value of land in the Bronx.
      • In the largest deal of the first half, David Templer purchased the Express Builders Soundview Development Portfolio, a 421-a vested multi-lot residential site at 1580 Story Avenue for $60 million.
      • The second-largest transaction was the acquisition of a development site at 2740-2768 Webster Avenue. Ariel Property Advisors arranged the $55 million joint venture between Stagg Group and Madd Equities. The developers will utilize additional air rights from adjacent MTA tracks to construct an 800,000 SF project featuring over 500 dormitory units and 485 affordable housing units.

Industrial Highlights

      • The industrial, warehouse, and self-storage market saw an increase in dollar volume to $95 million, up 194% from $32 million in 1H 2024.
      • The average $/SF for trades in H1 2025 rose to $472, although this figure is skewed by two of the largest transactions, 1101 Oak Point Avenue and 158-164 Locust Avenue, which accounted for 61% of the total dollar volume and traded at over $1,000/SF. Excluding these deals, the average price was $286/SF.
      • The half-year’s largest transaction was Bridge Investment Group’s $37.6 million purchase of 1101 Oak Point Avenue, a 2.15-acre Frito-Lay distribution facility in Hunts Point. This off-market sale-leaseback marks Bridge’s second acquisition of a Frito-Lay facility in NYC in the past year.
      • Looking forward, the new federal “Big Beautiful Bill” may spur significant industrial development. Its depreciation incentives, which allow for the immediate write-off of new facilities and 100% bonus depreciation for upgrades, are expected to make investment in the Bronx’s industrial zones more desirable.

Ariel Property Advisors’ Bronx 2025 Mid-Year Commercial Real Estate Trends report is available here.