NEW YORK, NY – February 10, 2026 – The Bronx investment sales market achieved a significant 46% increase in dollar volume year-over-year, reaching $1.82 billion, according to Ariel Property Advisors’ Bronx 2025 Year-End Commercial Real Estate Trends report. Transactions rose 22% to 269

The multifamily sector remained the borough’s primary engine, accounting for 44% of total dollar volume and 41% of transactions in the Bronx last year, with most of the activity in rent stabilized assets.

“With rent-stabilized pricing hitting a 14-year low, investors are seizing the chance to acquire large-scale multifamily assets,” said Senior Director Jason Gold. “The pricing compression that began with the passage of HSTPA in 2019 has been compounded by threats to freeze stabilized rents for four years. Consequently, owners have accelerated their disposition strategies to mitigate regulatory risk.”

Director Daniel Mahfar added, “The Bronx development market saw the second most transactional year since our firm began tracking the market in 2010. Interest was driven by positive pro-housing policies, including the 485x tax incentive and City of Yes zoning initiatives. Additionally, public infrastructure and policies contributed to the sector’s long-term appeal, led by the $3 billion Metro-North Penn Station Access Project, which will establish four new stations, enabling commuters to reach Midtown in less than 30 minutes.”

Multifamily Highlights

      • The multifamily market surged in 2025, posting a 66% increase in dollar volume for a total of $800.7 million.
      • Of total, 66% of the dollar volume and 72% of the transactions were concentrated in assets with 75%+ rent stabilized units. In a deal that reflected the market, Benevel Management acquired three rent-stabilized properties, totaling nearly 800 units, for $54 million, or approximately $70,000/unit.
      • The affordable housing sector contributed 31% of the multifamily dollar volume and 14% of transactions. In a notable affordable transaction in the second half of the year, RJ Block acquired a 207-unit South Bronx portfolio encompassing two 8-story buildings at 1334 Louis Niñé Boulevard and 870 Jennings Street for $42 million.

Development Highlights

      • The development market posted a 26% increase in dollar volume to $423 million compared to 2024 and a 62% jump compared to 2023. Transactions rose to 74, a 25% increase from the previous year.
      • Pricing dropped slightly to $106/BSF, down from $110/ BSF in 2024. Following the Metro-North Penn Station Access Project announcement in 2024, some developers began strategically land banking sites across the East Bronx, seeing opportunity even though the project won’t be completed until 2027 or beyond.
      • The largest development site traded in H2 2025 was 1185 River Avenue, purchased by Community Access for $25 million, or $123/BSF. Plans call for a 276-unit project.

Industrial, Warehouse, and Self-storage Highlights

      • The industrial, warehouse, and self-storage sector recorded $134 million in dollar volume in 2025, an 18% year-over-year increase, while transactions were flat at 24.
      • Assets traded at an average of $421/GSF, lower than $471/GSF recorded last year.
      • Looking ahead, new federal depreciation incentives, including 100% bonus depreciation and immediate expensing for qualifying improvements, are expected to support renewed investment in the Bronx’s industrial corridors, particularly for modernization, expansion and long-term owner-occupied facilities.

To read the full report, please click here.