Back to all insights Bronx February 2025 Market Report-
This report provides an in-depth overview of the Bronx real estate market, highlighting recent transactions and sales performance metrics while capturing the trends and opportunities shaping the market.
The Bronx real estate market experienced significant growth in February 2025, with total transactions increasing by 80% year-over-year to 18 deals and total dollar volume surging 183% to $72.25 million. The number of units sold rose 36% to 311, while buildable square footage (BSF) transactions skyrocketed by 554% to 364,123 BSF.
This significant growth underscores a heightened demand for development opportunities and residential properties across various neighborhoods, including Fordham, Norwood, and Mott Haven, which dominated the top 10 transactions by dollar volume. Notably, development sites commanded the highest dollar volume at $38.2 million across six transactions, with standout deals such as 57 East Burnside Avenue ($15 million) and 338-344 Grand Concourse ($8 million), highlighting the premium placed on buildable square footage. Multifamily properties followed with nine transactions totaling $28.7 million, averaging $192 per square foot, while mixed-use assets recorded three deals worth $5.35 million at $342 per square foot.
The year-over-year and month-over-month data illustrate a consistent upward trajectory in both transaction counts and dollar volumes, signaling sustained investor confidence and a thriving real estate market in the Bronx.
Multifamily, Mixed-Use and Development transactions between $1,000,000 – $50,000,000 from January 1, 2025 –
January 31, 2025
Zip Codes: 10454,10451,10455,10474,10459,10456,10452,10453,10457,10460,10468,10458,10467,10463,10471,10470,10466, 10469,10475,10461,10462,10465,10472,10473,10464
Neighborhoods: Allerton, Baychester, Bedford Park, Belmont, Bronxdale, Castle Hill, City Island, Claremont, Claremont Village, Clason Point, Concourse, Concourse Village, Co-OP City, Eastchester, Edenwald, Fairmont – Claremont Village, Fieldston, Fordham, Foxhurst, High Bridge, Hunts Point, Kingsbridge, Kingsbridge Heights – Jerome Park, Laconia, Longwood, Melrose, Morrisania, Morris Heights, Morris Park, Mott Haven, Mount Eden, Mount Hope, North Riverdale, Norwood, Olinville, Parkchester, Park Versailles – Bronx River, Pelham Bay, Pelham Bay Park, Pelham Gardens, Port Morris, Riverdale, Soundview, Spencer Estates – Country Club, Spuyten Duyvil, Throggs Neck, Tremont, Unionport, University Heights, Van Nest, Wakefield, Westchester Village, West Farms, Williamsbridge, Woodlawn, Woodstock
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