113. Inside the Bronx CRE Market: $1.07B and Growing featuring Jason M. Gold & Daniel Mahfar
Update: 2025-09-08
Description
In this episode of Coffee & Cap Rates, Shimon Shkury, President and Founder of Ariel Property Advisors, discusses Ariel’s Bronx 2025 Mid-Year Commercial Real Estate Trends report with the Bronx market experts Senior Director Jason Gold and Director Daniel Mahfar.
Key findings include:
- 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.
- Multifamily sales totaled $565 million across 60 transactions in 1H 2025, driven by investors seeking low-basis, high-cash-flow opportunities in rent-stabilized assets.
- 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. - Dollar volume in the development market was up 50% year-over-year, as developers became more comfortable with the UAP City of Yes initiative and 485-x tax abatement to underwrite larger projects.
For a deeper dive, read the full report: Bronx 2025 Mid-Year Commercial Real Estate Trends report.
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