CONCOURSE
REALTY PARTNERS
At the forefront of Concourse Realty Partners' business philosophy is a passion for our client. Having access to extensive market information and longstanding relationships with local property owners and investors, provides for a unique method of pairing sellers with buyers to satisfy their commercial real estate needs.
Concourse Realty combines local market experience with the latest technology to offer our clients the best possible service.
David Simone started Concourse Realty in 2017 after exclusively covering the Bronx market for Massey Knakal and Cushman & Wakefield for fifteen years. Concourse Realty continues this focus by spending all of our time on the Bronx real estate market. Our services are customized to meet the diverse needs of private investors, professionals, and institutions.
Concourse Realty Partners is committed to community outreach throughout the Bronx. Some of the organizations we work with include Bronx River Alliance and City Harvest.
OUR TEAM
EXPERIENCED. PROFESSIONAL. DRIVEN.
PROPERTIES
Market Insights
MAY 2025
FORDHAM
THE MOST ACTIVE AREA
The Bronx investment sales market posted a strong May with $142.5 million across 30 transactions covering 36 properties - a volume increase over April driven by multiple large assemblage deals and institutional industrial acquisitions.
The month's largest trade was a $27 million retail assemblage at 305-309 East Fordham Road, where Fordham Prop CO LLC acquired two adjacent buildings on the bustling Fordham corridor.
The 4th-largest deal of the month and the most closely watched in the brokerage community was 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 paid $6 million for the vacant parcel at 2786 Webster, where plans were filed in January for a 99-unit residential building. Westbridge bought the adjacent warehouse at 2800 Webster from the Rickman family's nearly century-old Apex Mechanical Corp.
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, Artan Prelaj paid $7.2 million for a dev site at 4121 3rd Avenue in Tremont. Joseph Borenstein acquired two multifamily buildings from Jacob Shafran for a combined $12.4 million - 897 Crotona Park North ($6.7M) and 14 Mount Hope Place ($5.7M) -- in a same-day portfolio buy.
May 2026 Summary: 30 transactions totaling $142.5M across 36 properties and 5 assemblages. Multifamily led with 18 properties ($58.7M). Average multifamily/mixed-use $/SF: $135.
$142.54M
TOTAL DOLLAR VOLUME IN APRIL
30
TRANSACTIONS
36
PROPERTIES
Multifamily
MOST SOLD PROPERTY TYPE
$135
AVERAGE MULTIFAMILY $/SF
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LOCATION
2027 Williamsbridge Road,
2nd Floor, Bronx, NY 10461
CONTACT US
Phone: (212) 207-2400