Morris Park, Pelham Parkway & Allerton multifamily & commercial real estate market
Recorded sales, prices, construction, lending and ownership for income and commercial property in Morris Park, Pelham Parkway & Allerton, updated monthly from NYC public records. Data through September 2026. Covers Morris Park, Allerton and Van Nest.
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$251M221 sales, last 12 months▼ 38.8% YoY
$377Median price / sq ft▲ 4.7% YoY
$380KMedian price / unit (multifamily)▲ 1.3% YoY
26Off-market listings on Crezly now
November 2026 summary
221 income-property sales were recorded in Morris Park, Pelham Parkway & Allerton over the 12 months ending September 2026, totaling $251M in dollar volume. Sales count fell 15.6% and dollar volume fell 38.8% versus the prior 12 months. Pricing moved the other way: the median price per square foot was $377, up 4.7%, and the median price per residential unit across multifamily and mixed-use properties was $380K, up 1.3%. 486 DOB construction permits were issued, down 19.9%. 13.4% of multifamily and mixed-use parcels carry a Motivated-Seller Score of 10 or higher, compared with 16.4% citywide. Rocket Mortgage, LLC recorded 27 mortgages, the most of any lender.
Market trends
Recorded sales volume by month
October 2024 – September 2026. Hover or tap a month for its figure.
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Month
Sales
Volume
October 2024
33
$45.6M
November 2024
22
$79.1M
December 2024
21
$17.9M
January 2025
15
$16.9M
February 2025
19
$23.3M
March 2025
22
$18.2M
April 2025
19
$18.8M
May 2025
24
$69.5M
June 2025
15
$26.2M
July 2025
34
$42.9M
August 2025
22
$34.3M
September 2025
16
$17.5M
October 2025
14
$22.2M
November 2025
16
$15M
December 2025
14
$27.7M
January 2026
19
$17.7M
February 2026
15
$13.7M
March 2026
23
$32.2M
April 2026
17
$16.1M
May 2026
18
$15.5M
June 2026
29
$38.7M
July 2026
25
$23M
August 2026
22
$21.6M
September 2026
9
$7.6M
Median price per square foot
Rolling 3-month median of recorded sales with a building area. Gaps mean fewer than five priced sales.
Show the data
Month
Median $/sf (3-mo)
October 2024
$358
November 2024
$369
December 2024
$373
January 2025
$370
February 2025
$337
March 2025
$350
April 2025
$354
May 2025
$354
June 2025
$330
July 2025
$367
August 2025
$380
September 2025
$377
October 2025
$360
November 2025
$375
December 2025
$367
January 2026
$367
February 2026
$374
March 2026
$381
April 2026
$386
May 2026
$386
June 2026
$335
July 2026
$378
August 2026
$374
September 2026
$394
Construction permits issued
Initial DOB NOW permits for construction work (sheds, fences, scaffolds and signs excluded) — a leading indicator of repositioning and new supply.
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Month
Permits
October 2024
60
November 2024
56
December 2024
56
January 2025
41
February 2025
45
March 2025
52
April 2025
50
May 2025
52
June 2025
45
July 2025
57
August 2025
53
September 2025
40
October 2025
59
November 2025
51
December 2025
50
January 2026
41
February 2026
38
March 2026
34
April 2026
44
May 2026
46
June 2026
69
July 2026
38
August 2026
16
September 2026
0
What trades here
Share of recorded sales by asset class, last 12 months.
Show the data
Asset class
Sales
Multifamily
186
Mixed Use
11
Other
8
Retail
5
Development
5
Office
5
Industrial
1
Seller distress
13.4% of 7,536 multifamily and mixed-use parcels in Morris Park, Pelham Parkway & Allerton carry a Motivated-Seller Score of 10+ as of November 2026, up from 2.8% in August 2026. Citywide the figure is 16.4%.
Morris Park, Pelham Parkway & Allerton
NYC
The score weighs estimated loan maturity, tax liens, open HPD violations, evictions, ownership tenure and transfer activity. It is a signal, not a prediction.
What is the price per square foot for commercial and multifamily property in Morris Park, Pelham Parkway & Allerton?
The median recorded sale was $377 per square foot across 213 priced income-property sales in the 12 months to September 2026, up 4.7% on the prior year.
How much do multifamily buildings sell for per unit in Morris Park, Pelham Parkway & Allerton?
Multifamily and mixed-use buildings sold for a median of $380K per residential unit in the 12 months to September 2026, across 196 recorded sales.
How many commercial real estate sales were there in Morris Park, Pelham Parkway & Allerton last year?
221 income-property sales worth $251M were recorded in the 12 months to September 2026 (deeds of $100,000 or more, excluding single-family homes and condo units).
Who lends on commercial property in Morris Park, Pelham Parkway & Allerton?
The most active institutional lender over the last 12 months was Rocket Mortgage, LLC, with 27 recorded mortgages. The Crezly lender directory ranks every lender by recorded loans.
Track Morris Park, Pelham Parkway & Allerton deals as they happen
New sales, permits, off-market listings and distress signals, in one weekly brief.
Compiled by Crezly from NYC public records: ACRIS deeds and mortgages (recorded through September 2026), DOB NOW permits, PLUTO and HPD. Sales are recorded deeds of $100,000+ on income and commercial property (multifamily incl. two-family, mixed-use, retail, office, industrial, development, hospitality); single-family homes and condo units are excluded. Staten Island deeds are recorded by the Richmond County Clerk and are not in ACRIS. Neighborhoods follow NYC Community District boundaries. Not legal, financial or investment advice.
