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
AUGUST 2025
HUNTS POINT
THE MOST ACTIVE AREA
The Bronx investment sales market posted a solid August with $113.5 million across 35 transactions covering 50 properties, a 9.8% decrease from July’s $125.8 million. Industrial buildings drew $39.8 million, the most of any asset class, and seven deals were multi-property assemblages or portfolios.
Hunts Point led the way. Jacobs 1260 LLC paid $21.6 million for the 50,000 SF industrial building at 1275 Oak Point Avenue ($432/SF), and on the same day Oak Point Bergson Realty paid $7.8 million for the 22,500 SF building next door at 1260 Oak Point Avenue. PincusCo identified the buyer of 1275 Oak Point as maintenance supplier F&F Supply and the seller as Manhattan Beer & Beverage Distributors, which bought 1260 Oak Point in the other deal: two owner-users trading places.
Multifamily buyers stayed active at value-add pricing. A buyer group tied to 869 58th Street Corp. paid $7.5 million for a three-building, 143-unit portfolio at 2460 Grand Avenue and 636 and 646 East 231st Street, about $52,000 per unit. SH Fordham Bathgate LLC assembled five walk-ups on Bathgate Avenue in Belmont for $5.3 million, and 1820 Tsu LLC paid $4.25 million for the 90,618 SF elevator building at 1820 Loring Place South in Morris Heights.
On the development side, seven sites traded for $18.0 million, about $120 per buildable SF. 3059 Valentine LLC paid $6.65 million for a retail building and adjoining lot at 3059 Valentine Avenue and 234 East 204th Street in Bedford Park, where a 65-unit new building has since been filed. Brady Gardens LLC paid $3.1 million for 800 Brady Avenue, which already carried plans for 99 apartments. Revamp NYC-linked buyers picked up 633 Wales Avenue ($2.4 million) and 3967 Saxon Avenue ($1.55 million), both now filed for 47-unit buildings.
August 2026 Summary: 35 transactions totaling $113.5M across 50 properties and 7 assemblages/portfolios. Multifamily/mixed-use led by count with 16 sales. Industrial led by dollar volume at $39.8M. Average multifamily $/SF: $106, down from $112 in July.
$113.5M
TOTAL DOLLAR VOLUME IN AUGUST
35
TRANSACTIONS
50
PROPERTIES
Multifamily
MOST SOLD PROPERTY TYPE
$106
AVERAGE MULTIFAMILY $/SF
CONTACT US
LOCATION
CONTACT US
Phone: (212) 207-2400