Alpha Realty’s Q2 2025 report reveals a sharp rise in NYC multifamily transactions, led by strong activity in The Bronx and Brooklyn. Investor demand is shifting toward smaller assets as pricing recalibrates and deal flow rebounds across multiple property types.
-- Alpha Realty has released its Q2 2025 NYC Multifamily Market Report, highlighting a strong rebound in investor activity and evolving pricing dynamics across the five boroughs. The quarter recorded 297 multifamily transactions, reflecting a 52.3% year-over-year increase and a 29.1% gain over Q1 — a clear sign of renewed market momentum.
Despite a nearly 20% drop in average deal size compared to the previous quarter, transaction volume rose across all asset types. Larger buildings with 20 or more units nearly doubled in activity, contributing to a total dollar volume of $972.4 million. Meanwhile, smaller properties under 10 units also gained traction, up 15.2%, as investors gravitated toward more accessible entry points.
“The market is clearly recalibrating around pricing,” said Lev Mavashev, Managing Principal at Alpha Realty. “While dollar volume growth remains modest, deal flow has picked up significantly, and investors are jumping back in, especially at more accessible price levels.”
The Bronx led the recovery, more than doubling its transaction count from Q1 and tripling year-over-year. The borough recorded 74 trades totaling $401.5 million, the highest growth in both volume and units sold citywide. Brooklyn followed with 129 transactions, marking a 29% quarter-over-quarter increase. While Queens saw a dip in total trades, both average pricing and total dollar volume rose. In Manhattan, average deal size dropped 44.5%, but the under-10-unit segment increased in both deal count and value — suggesting a potential investor pivot toward smaller assets in high-barrier neighborhoods.
Alpha Realty anticipates that deal volume will remain strong through the second half of 2025, as investors sharpen their focus on yield and repositioning opportunities.
Read the full Q2 2025 NYC Multifamily Market Report + download the PDF here: https://www.alpharealtyny.com/nyc-multifamily-market-report-q2-2025/
About: Alpha Realty is a New York City–based investment sales brokerage firm specializing in multifamily and mixed-use properties. Founded by Lev Mavashev in 2014, the firm has quickly become one of the most active and respected players in the NYC commercial real estate market. With deep experience across Brooklyn, Manhattan, and the outer boroughs, Alpha Realty combines local market expertise with hands-on deal execution, delivering consistent results across transactions of all sizes.
About the company: Commercial Lending News delivers expert reporting and industry analysis across commercial real estate, lending, banking, finance, and investment sectors. From interest rate trends to major acquisitions and market-shaping technologies, our coverage connects decision-makers to the insights that drive the future of business and investment.
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