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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 July 2026. Covers Morris Park, Allerton and Van Nest.

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$269.5M223 sales, last 12 months▼ 32.2% YoY
$372Median price / sq ft▲ 2.5% YoY
$390KMedian price / unit (multifamily)▲ 4.6% YoY
23Off-market listings on Crezly now
September 2026 summary

223 income-property sales were recorded in Morris Park, Pelham Parkway & Allerton in the 12 months ending July 2026, totaling $269.5M in dollar volume. The sales count was down 14.2% and dollar volume down 32.2% versus the prior 12 months. Median price per square foot was $372, up 2.5%, while the median price per residential unit across multifamily and mixed-use properties was $390K, up 4.6%. DOB construction permits issued totaled 563, down 12.3%. 2.7% of multifamily and mixed-use parcels carried a Motivated-Seller Score of 10 or above, compared with 2.9% citywide. The most active lender, Rocket Mortgage, LLC, recorded 30 mortgages.

Market trends

Recorded sales volume by month

August 2024 – July 2026. Hover or tap a month for its figure.

$0$20M$40M$60M$80MAugust 2024: $20.1M in recorded salesSeptember 2024: $19.3M in recorded salesOctober 2024: $45.6M in recorded salesNovember 2024: $79.1M in recorded salesDecember 2024: $17.9M in recorded salesJanuary 2025: $16.9M in recorded salesFebruary 2025: $23.3M in recorded salesMarch 2025: $18.2M in recorded salesApril 2025: $18.8M in recorded salesMay 2025: $69.5M in recorded salesJune 2025: $26.2M in recorded salesJuly 2025: $42.9M in recorded salesAugust 2025: $34.3M in recorded salesSeptember 2025: $17.5M in recorded salesOctober 2025: $22.2M in recorded salesNovember 2025: $15M in recorded salesDecember 2025: $27.7M in recorded salesJanuary 2026: $17.7M in recorded salesFebruary 2026: $13.7M in recorded salesMarch 2026: $32.2M in recorded salesApril 2026: $16.1M in recorded salesMay 2026: $15.5M in recorded salesJune 2026: $38.7M in recorded salesJuly 2026: $19M in recorded sales$19MOct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
$0$20M$40M$60M$80MAugust 2024: $20.1M in recorded salesSeptember 2024: $19.3M in recorded salesOctober 2024: $45.6M in recorded salesNovember 2024: $79.1M in recorded salesDecember 2024: $17.9M in recorded salesJanuary 2025: $16.9M in recorded salesFebruary 2025: $23.3M in recorded salesMarch 2025: $18.2M in recorded salesApril 2025: $18.8M in recorded salesMay 2025: $69.5M in recorded salesJune 2025: $26.2M in recorded salesJuly 2025: $42.9M in recorded salesAugust 2025: $34.3M in recorded salesSeptember 2025: $17.5M in recorded salesOctober 2025: $22.2M in recorded salesNovember 2025: $15M in recorded salesDecember 2025: $27.7M in recorded salesJanuary 2026: $17.7M in recorded salesFebruary 2026: $13.7M in recorded salesMarch 2026: $32.2M in recorded salesApril 2026: $16.1M in recorded salesMay 2026: $15.5M in recorded salesJune 2026: $38.7M in recorded salesJuly 2026: $19M in recorded sales$19MJan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthSalesVolume
August 202415$20.1M
September 202421$19.3M
October 202433$45.6M
November 202422$79.1M
December 202421$17.9M
January 202515$16.9M
February 202519$23.3M
March 202522$18.2M
April 202519$18.8M
May 202524$69.5M
June 202515$26.2M
July 202534$42.9M
August 202522$34.3M
September 202516$17.5M
October 202514$22.2M
November 202516$15M
December 202514$27.7M
January 202619$17.7M
February 202615$13.7M
March 202623$32.2M
April 202617$16.1M
May 202618$15.5M
June 202629$38.7M
July 202620$19M

Median price per square foot

Rolling 3-month median of recorded sales with a building area. Gaps mean fewer than five priced sales.

$200$300$400August 2024: $379 per sq ft (3-month median)September 2024: $379 per sq ft (3-month median)October 2024: $358 per sq ft (3-month median)November 2024: $369 per sq ft (3-month median)December 2024: $373 per sq ft (3-month median)January 2025: $370 per sq ft (3-month median)February 2025: $337 per sq ft (3-month median)March 2025: $350 per sq ft (3-month median)April 2025: $354 per sq ft (3-month median)May 2025: $354 per sq ft (3-month median)June 2025: $330 per sq ft (3-month median)July 2025: $367 per sq ft (3-month median)August 2025: $380 per sq ft (3-month median)September 2025: $377 per sq ft (3-month median)October 2025: $360 per sq ft (3-month median)November 2025: $375 per sq ft (3-month median)December 2025: $367 per sq ft (3-month median)January 2026: $367 per sq ft (3-month median)February 2026: $374 per sq ft (3-month median)March 2026: $381 per sq ft (3-month median)April 2026: $386 per sq ft (3-month median)May 2026: $386 per sq ft (3-month median)June 2026: $335 per sq ft (3-month median)July 2026: $372 per sq ft (3-month median)$372Oct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
$200$300$400August 2024: $379 per sq ft (3-month median)September 2024: $379 per sq ft (3-month median)October 2024: $358 per sq ft (3-month median)November 2024: $369 per sq ft (3-month median)December 2024: $373 per sq ft (3-month median)January 2025: $370 per sq ft (3-month median)February 2025: $337 per sq ft (3-month median)March 2025: $350 per sq ft (3-month median)April 2025: $354 per sq ft (3-month median)May 2025: $354 per sq ft (3-month median)June 2025: $330 per sq ft (3-month median)July 2025: $367 per sq ft (3-month median)August 2025: $380 per sq ft (3-month median)September 2025: $377 per sq ft (3-month median)October 2025: $360 per sq ft (3-month median)November 2025: $375 per sq ft (3-month median)December 2025: $367 per sq ft (3-month median)January 2026: $367 per sq ft (3-month median)February 2026: $374 per sq ft (3-month median)March 2026: $381 per sq ft (3-month median)April 2026: $386 per sq ft (3-month median)May 2026: $386 per sq ft (3-month median)June 2026: $335 per sq ft (3-month median)July 2026: $372 per sq ft (3-month median)$372Jan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthMedian $/sf (3-mo)
August 2024$379
September 2024$379
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$372

Construction permits issued

Initial DOB NOW permits for construction work (sheds, fences, scaffolds and signs excluded) — a leading indicator of repositioning and new supply.

020406080August 2024: 68 construction permitsSeptember 2024: 60 construction permitsOctober 2024: 60 construction permitsNovember 2024: 56 construction permitsDecember 2024: 56 construction permitsJanuary 2025: 41 construction permitsFebruary 2025: 45 construction permitsMarch 2025: 52 construction permitsApril 2025: 50 construction permitsMay 2025: 52 construction permitsJune 2025: 45 construction permitsJuly 2025: 57 construction permitsAugust 2025: 53 construction permitsSeptember 2025: 40 construction permitsOctober 2025: 59 construction permitsNovember 2025: 51 construction permitsDecember 2025: 50 construction permitsJanuary 2026: 41 construction permitsFebruary 2026: 38 construction permitsMarch 2026: 34 construction permitsApril 2026: 44 construction permitsMay 2026: 46 construction permitsJune 2026: 69 construction permitsJuly 2026: 38 construction permits38Oct ’24Jan ’25Apr ’25Jul ’25Oct ’25Jan ’26Apr ’26Jul ’26
020406080August 2024: 68 construction permitsSeptember 2024: 60 construction permitsOctober 2024: 60 construction permitsNovember 2024: 56 construction permitsDecember 2024: 56 construction permitsJanuary 2025: 41 construction permitsFebruary 2025: 45 construction permitsMarch 2025: 52 construction permitsApril 2025: 50 construction permitsMay 2025: 52 construction permitsJune 2025: 45 construction permitsJuly 2025: 57 construction permitsAugust 2025: 53 construction permitsSeptember 2025: 40 construction permitsOctober 2025: 59 construction permitsNovember 2025: 51 construction permitsDecember 2025: 50 construction permitsJanuary 2026: 41 construction permitsFebruary 2026: 38 construction permitsMarch 2026: 34 construction permitsApril 2026: 44 construction permitsMay 2026: 46 construction permitsJune 2026: 69 construction permitsJuly 2026: 38 construction permits38Jan ’25Jul ’25Jan ’26Jul ’26
Show the data
MonthPermits
August 202468
September 202460
October 202460
November 202456
December 202456
January 202541
February 202545
March 202552
April 202550
May 202552
June 202545
July 202557
August 202553
September 202540
October 202559
November 202551
December 202550
January 202641
February 202638
March 202634
April 202644
May 202646
June 202669
July 202638

What trades here

Share of recorded sales by asset class, last 12 months.

Multifamily: 189 sales (85%)Multifamily85% · 189Mixed Use: 10 sales (4%)Mixed Use4% · 10Other: 8 sales (4%)Other4% · 8Retail: 6 sales (3%)Retail3% · 6Office: 5 sales (2%)Office2% · 5Development: 4 sales (2%)Development2% · 4Industrial: 1 sales (0%)Industrial0% · 1
Multifamily: 189 sales (85%)Multifamily85% · 189Mixed Use: 10 sales (4%)Mixed Use4% · 10Other: 8 sales (4%)Other4% · 8Retail: 6 sales (3%)Retail3% · 6Office: 5 sales (2%)Office2% · 5Development: 4 sales (2%)Development2% · 4Industrial: 1 sales (0%)Industrial0% · 1
Show the data
Asset classSales
Multifamily189
Mixed Use10
Other8
Retail6
Office5
Development4
Industrial1

Seller distress

2.7% of 7,536 multifamily and mixed-use parcels in Morris Park, Pelham Parkway & Allerton carry a Motivated-Seller Score of 10+ as of September 2026, down from 2.8% in August 2026. Citywide the figure is 2.9%.

The score weighs estimated loan maturity, tax liens, open HPD violations, evictions, ownership tenure and transfer activity. It is a signal, not a prediction.

See the parcels behind this number →

Biggest sales last quarter

PropertyTypeRecordedPrice
2140 Holland AvenueRetailJun 2026$5.5M
1500 Mace AvenueMultifamilyJun 2026$3.9M
1528 Williamsbridge RoadRetailJun 2026$3M
2901 Matthews AvenueMultifamilyJun 2026$2.4M
2008 Eastchester RoadOfficeJun 2026$2.2M

Most active lenders

Institutional mortgages recorded in the last 12 months.

  1. Rocket Mortgage, LLC30 loans · $9.9M
  2. JPMorgan Chase Bank, N.A.28 loans · $12.3M
  3. Homebridge Financial Services, INC.17 loans · $5.8M
  4. Crosscountry Mortgage, LLC16 loans · $8.7M
  5. United Wholesale Mortgage, LLC15 loans · $8M
Lender directory →

Largest owners

Income-property parcels held, public record (companies only).

  1. Albert Einstein College Of Medicine18 parcels · 145 units
  2. Baker Development LLC8 parcels · 3 units
  3. Montefiore Medical Center7 parcels · 16 units
  4. Gemma Rose Realty LLC7 parcels · 15 units
  5. 1911-1913 Bronxdale Avenue Realty LLC5 parcels · 4 units
Largest Bronx landlords → · Owner directory

Off-market deals in Morris Park, Pelham Parkway & Allerton

$1.2M3 Family Van Nest3 units
$950KMultifamily Morris Park1 units
$2.1M4 Family Morris Park4 units
$1.3M3 Family Van Nest3 units

All 23 listings in Morris Park, Pelham Parkway & Allerton →

Frequently asked questions

What is the price per square foot for commercial and multifamily property in Morris Park, Pelham Parkway & Allerton?

The median recorded sale was $372 per square foot across 216 priced income-property sales in the 12 months to July 2026, up 2.5% 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 $390K per residential unit in the 12 months to July 2026, across 198 recorded sales.

How many commercial real estate sales were there in Morris Park, Pelham Parkway & Allerton last year?

223 income-property sales worth $269.5M were recorded in the 12 months to July 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 30 recorded mortgages. The Crezly lender directory ranks every lender by recorded loans.

Track Morris Park, Pelham Parkway & Allerton deals as they happen

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Nearby neighborhoods

Property records in Morris Park, Pelham Parkway & Allerton

Bronx market · NYC market overview · Bronx property records index · Motivated sellers · Lender directory · Property map

Compiled by Crezly from NYC public records: ACRIS deeds and mortgages (recorded through July 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.