May 2026

FORDHAM | MOST ACTIVE NEIGHBORHOOD

The Bronx investment sales market posted a strong May with $129 million across 30 transactions covering 36 properties - a volume increase over April driven by multiple large assemblage transactions and institutional industrial acquisitions.

A Manhattan-based investment firm purchased the retail buildings at 305-309 East Fordham Road for $13,500,000. These buildings previously sold for $36.4 million in December 2014.

The Grun Group and Westbridge Realty Group's $8.6 million acquisition of 2786-2800 Webster Avenue in Fordham Manor, brokered by David Simone of Concourse Realty Partners and Kathy Zamechansky of KZA Realty Group. Grun Group filed plans for a 99-unit residential building. Westbridge bought the adjacent warehouse at 2800 Webster Avenue.

Institutional logistics capital pushed into the Bronx: Realterm paid $10.3 million for an industrial outdoor storage facility at 891 Garrison Avenue in Hunts Point, the firm's fifth Bronx property.

On the development side, 4121 3rd Avenue in Tremont was sold to a local developer for $7.2 million.

May 2026 Summary: 30 transactions totaling $129M across 36 properties and 5 assemblages. Multifamily led with 18 properties ($58.7M). Average multifamily/mixed-use $/SF: $135.