#
BRONX MULTIFAMILY MARKET REPORT 4th Quarter 2016
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Multifamily Market Report Overview
Multifamily Market Report Overview Released quarterly, the Bronx Multifamily Market Report is organized in six distinct sections and it is designed as a guide to the borough’s multifamily market. The report includes key market stats, the most up-to-date quarterly sales data, and charts that give a clear picture of current market conditions. The first section - Multifamily Market Overview - shows the borough’s quarterly sales volume and stats on average price per square foot and per unit. Small, medium, and large multifamily buildings are also accounted for separately and sales stats are provided for each category. Following a list of top 25 most expensive multifamily sales, Bronx neighborhoods are ranked by average price per square foot over the past quarter. Each neighborhood has its own one-page snapshot with stats and trends for the local multifamily market.
Table of Contents
1 2 3 4 5 6
Multifamily Market Overview Top 25 Multifamily Sales Map of Neighborhoods Top Neighborhoods Sales Maps Stats by Neighborhood
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Multifamily Market Overview
Multifamily Market Overview Bronx, 4th Quarter 2016
Sales volume
Average price/sq.ft.
Average price/unit
Transactions
$281.1M
$164
$156K
167
-51% YoY
8% YoY
8% YoY
-24% YoY
Small multifamily Average price/sq.ft.
$200
$170
$150 $100
$150M
Q3-2016
$85M
200 150 100 50 0
Q4-2016
Q1-2016
Q2-2016
Q3-2015
Q4-2015
Q1-2015
Q2-2015
$
Q4-2014
$
Q3-2014
$50M
Q2-2014
137
$100M
$50
Q1-2014
Sales volume / Transactions
Medium multifamily Average price/sq.ft.
$250 $200 $150 $100 $50 $
Q3-2016
Sales volume / Transactions
$101M
24
100 80 60 40 20 0
Q4-2016
Q1-2016
Q2-2016
Q3-2015
Q4-2015
Q2-2015
Q1-2015
Q4-2014
Q3-2014
Q2-2014
Q1-2014
$190
$300M $250M $200M $150M $100M $50M $
Large multifamily Average price/sq.ft.
$200
$400M
$150
$140
$100
Q3-2016
$95M
6
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
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Top 25 Multifamily Sales
20 10 0
Q4-2016
Q1-2016
Q2-2016
Q3-2015
Q4-2015
Q2-2015
Q1-2015
$
Q4-2014
$
Q3-2014
30
$200M $100M
Q2-2014
40
$300M
$50
Q1-2014
Sales volume / Transactions
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Top 25 Multifamily Sales Bronx, 4th Quarter 2016 #
Sale Price
Sale Date
Sq.ft.
Price/Sq.ft.
Neighborhood
1
105-149 W 168 St
$38,391,184
01-Nov-16
335,500
$114
High Bridge
2
4345 Webster Ave
$14,500,000
05-Oct-16
72,150
$201
Woodlawn
3
1340-1350 Stratford Ave
$14,183,750
08-Dec-16
95,370
$149
Park Versailles - Bronx River
4
679 Magenta St
$11,015,000
10-Nov-16
61,800
$178
Olinville
5
6211 Broadway
$9,500,000
30-Nov-16
42,500
$224
Fieldston
6
916-918 Faile St
$8,700,000
19-Oct-16
57,840
$150
Hunts Point
7
4040 Bronx Blvd
$8,150,000
19-Oct-16
54,177
$150
Wakefield
8
957-959 Kelly St
$6,250,000
26-Oct-16
38,237
$163
Foxhurst
9
938 Intervale Ave
$6,200,000
19-Oct-16
29,700
$209
Longwood
10
2701 Marion Ave
$5,900,000
16-Nov-16
37,100
$159
Fordham Manor
11
1142 College Ave
$5,750,000
30-Dec-16
25,925
$222
Concourse Village
12
2709 Heath Ave
$5,500,000
07-Nov-16
39,150
$140
Fordham Manor
13
1260 Clay Ave
$5,259,736
20-Dec-16
24,959
$211
Concourse Village
1264 Clay Ave
$5,259,736
20-Dec-16
24,959
$211
Concourse Village
14
663 Crescent Ave
$5,085,000
15-Dec-16
17,862
$285
Belmont
15
219-221 Echo Pl
$4,940,000
26-Oct-16
21,600
$229
Mount Hope
16
3415 Knox Pl
$4,450,000
29-Dec-16
25,200
$177
Norwood
17
2321 Andrews Ave N
$4,450,000
08-Nov-16
23,636
$188
University Heights
18
2235 Gleason Ave
$4,255,000
18-Nov-16
20,750
$205
Unionport
19
1963 Daly Ave
$4,040,000
30-Nov-16
22,619
$179
West Farms
20
1276 Clay Ave
$3,825,264
20-Dec-16
24,959
$153
Concourse Village
1272 Clay Ave
$3,825,264
20-Dec-16
24,959
$153
Concourse Village
21
377 E 153 St
$3,650,000
14-Dec-16
16,742
$218
Melrose
22
232 Cypress Ave
$3,416,385
28-Oct-16
13,780
$248
Mott Haven
23
1656 University Ave
$3,307,000
13-Dec-16
16,500
$200
Morris Heights
24
2406 Westchester Ave
$3,080,000
13-Oct-16
14,632
$210
Westchester Village
25
2
Address
2408 Westchester Ave
$3,080,000
13-Oct-16
14,632
$210
Westchester Village
2461 Elm Pl
$2,940,000
01-Dec-16
12,342
$238
Fordham Heights
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Map of Neighborhoods
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Map of Neighborhoods Average price per square foot (past 3 years)
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Top Neighborhoods
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Top Neighborhoods Bronx, 4th Quarter 2016 #
Neighborhood
Average price/sq.ft.
Sales volume
No. of sales
Avg. price/sqft by multifamily size Small
Medium
Large
1
Mount Hope
$214
$6,175,000
3
$172
$229
-
2
Belmont
$212
$8,475,000
6
$153
$285
-
3
Throggs Neck
$210
$2,753,000
4
$210
-
-
4
Melrose
$204
$6,045,000
5
$186
$218
-
5
Concourse Village
$200
$19,967,233
7
$193
$201
-
6
Fordham Heights
$200
$5,269,826
4
$166
$238
-
7
Morrisania
$196
$3,865,180
5
$196
-
-
8
Mott Haven
$192
$8,945,667
5
$196
$191
-
9
Unionport
$189
$6,713,600
6
$167
$205
-
10
Williamsbridge
$183
$6,809,000
11
$183
-
-
11
Westchester Village
$183
$4,730,000
3
$183
-
-
12
Foxhurst
$174
$9,402,000
6
$201
$163
-
13
Morris Heights
$173
$4,717,000
3
$130
$200
-
14
Edenwald
$170
$4,005,000
7
$170
-
-
15
Van Nest
$168
$4,046,000
6
$168
-
-
16
Pelham Bay
$167
$4,273,534
8
$167
-
-
17
Wakefield
$163
$18,822,700
18
$161
$253
$150
18
Park Versailles - Bronx River
$152
$17,827,750
7
$169
-
$149
19
Hunts Point
$152
$11,053,750
7
$160
-
$150
20
Castle Hill
$150
$2,073,000
4
$150
-
-
21
Fordham Manor
$148
$13,942,500
4
$134
$149
-
22
Bedford Park
$141
$4,600,000
5
$141
-
-
23
Soundview
$138
$2,292,665
5
$138
-
-
24
Clason Point
$128
$1,015,000
3
$128
-
-
25
Tremont
$122
$4,212,100
5
$187
$77
-
This is a ranking of Bronx neighborhoods based on average sale price per sq.ft. Only neighborhoods with a minimum of 3 property sales where square footage is available were considered.
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Sales Maps
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Sales Maps Bronx, 4th Quarter 2016
Recent sales
Price / Sq.ft.
The map displays recent sales activity. The areas in dark blue were the most active in terms of closed sales.
This heat map displays the price per square foot for properties sold in the past 5 years. The areas in dark red are the most expensive.
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Bedford Park Bronx, 4th Quarter 2016 Homeowners on the search for a quiet neighborhood known for its history and greenery would be wise to consider Bedford Park. Located near the Fordham, Norwood, and Kingsbridge neighborhoods, some of the oldest homes in all of the Bronx are located in Bedford Park. Transportation options are plentiful and include trains and express and local buses.
Sales volume Sales volume
$80M
$4.6M
$60M $40M $20M
$4.6M
$
-54% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$200
$141
$150
$141
$100 $50 $
-23% YoY
Number of Transactions Number of Transactions
20
5
15 10
5
5 0
150% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$127,778
-
$141
-
$4,600,000
5
5
36
Medium
-
-
-
-
$0
0
0
0
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
6
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Belmont Bronx, 4th Quarter 2016 Widely referred to as the Little Italy of the Bronx, Belmont offers a small town feel with a rich cultural history and numerous locally owned businesses. Landmarks include Our Lady of Mount Carmel’s Church, the Arthur Avenue Retail Market, Ciccarone Park with its famous Christopher Columbus monument, the Bronx Zoo, and the NY Botanical Garden.
Sales volume Sales volume
$50M $40M $30M $20M $10M $
$8.5M
$8.5M
-41% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$212
$212
11% YoY
Number of Transactions Number of Transactions
20
6
15 10
6
5 0
0% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$135,600
-67%
$153
-22%
$3,390,000
5
5
25
Medium
$211,875
42%
$285
55%
$5,085,000
1
1
24
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
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Castle Hill Bronx, 4th Quarter 2016 Primarily a residential neighborhood, Castile Hill is on the south central area of the Bronx. Historically it has been home to mostly two- and three-story homes but since the ‘90s developers have been building modern two- and three-unit row houses and apartment buildings. It is home to the only YMCA in the Bronx, which includes several pools.
Sales volume Sales volume
$3M $2M $2M $1M $500,000 $
$2.1M
$2.1M
133% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$150
$150
20% YoY
Number of Transactions Number of Transactions
5 4 3 2 1 0
4
4
100% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$172,750
16%
$150
20%
$2,073,000
4
4
12
Medium
-
-
-
-
$0
0
0
0
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
8
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Clason Point Bronx, 4th Quarter 2016 Clason Point has many housing options, including high-rise co-ops, prewar apartment buildings, multi-unit row-houses, and recently constructed two- and three- unit apartment buildings. Residents do much of their shopping at Bruckner Plaza, which contains numerous big box stores, and nearby thoroughfares offer hair salons, bodegas, and other shops.
Sales volume Sales volume
$80M
$1.M
$60M $40M $20M
$1.0M
$
-71% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$128
$128
-10% YoY
Number of Transactions Number of Transactions
12 10 8 6 4 2 0
3
3
-57% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$112,778
-17%
$128
-10%
$1,015,000
3
3
9
Medium
-
-
-
-
$0
0
0
0
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
9
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Concourse Village Bronx, 4th Quarter 2016 Located in the South Bronx next to Concourse, Concourse Village used to be known as Fleetwood. Today it’s a residential neighborhood with a mix of house stock that includes low- and mid-rise apartment buildings and detached row houses. Manhattan is just a short twenty minute train ride away and service is available via the B and D trains.
Sales volume Sales volume
$120M $100M $80M $60M $40M $20M $
$20.M
$20.0M
5% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$200
$200
57% YoY
Number of Transactions Number of Transactions
15
7
10
7
5 0
-30% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$208,750
57%
$193
51%
$2,505,000
3
3
12
Medium
$180,023
47%
$201
62%
$17,462,233
4
6
97
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
10
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Edenwald Bronx, 4th Quarter 2016 Edenwald has a neighborly spirit that residents enjoy. There are plenty of unique eateries to check out, it’s clean and green, and a local gym makes staying in shape a breeze. Like most neighborhoods in the Bronx, parking can be an issue and those looking for a bustling area may want to look elsewhere. Many describe Edenwald as quiet and peaceful.
Sales volume Sales volume
$6M $5M $4M $3M $2M $1M $
$4.M
$4.0M
73% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$200
$170
$170
$150 $100 $50 $
22% YoY
Number of Transactions Number of Transactions
10 8 6 4 2 0
7
7
40% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$190,714
24%
$170
22%
$4,005,000
7
7
21
Medium
-
-
-
-
$0
0
0
0
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
11
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Fordham Heights Bronx, 4th Quarter 2016 Over 95% of the homes in Fordham Heights are renter occupied and both the New York Botanical Garden and the Wildlife Conservation Society’s Bronx Zoo occupy dozens of acres of land within Fordham Heights. Most properties are five or six story buildings and there are tons of eateries to choose from – more per square mile than most NYC neighborhoods.
Sales volume Sales volume
$80M
$5.3M
$60M $40M $20M
$5.3M
$
-84% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$200
$200
43% YoY
Number of Transactions Number of Transactions
12 10 8 6 4 2 0
4
4
-50% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$155,322
90%
$166
100%
$2,329,826
3
3
15
Medium
$183,750
50%
$238
75%
$2,940,000
1
1
16
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
12
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Fordham Manor Bronx, 4th Quarter 2016 Located between the Harlem River and Fordham University, Fordham Manor is best known for its natural beauty, historical buildings, and bustling vibe. Most homes are in pre-war buildings and offers subway service to Manhattan via the B, D, and 4. Two busy commercial strips offer a wealth of dining choices, independent stores, and chain stores.
Sales volume Sales volume
$60M $50M $40M $30M $20M $10M $
$13.9M
$13.9M
-38% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$200
$148
$150
$148
$100 $50 $
3% YoY
Number of Transactions Number of Transactions
15
4
10 4
5 0
33% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$189,167
-1%
$134
-50%
$567,500
1
1
3
Medium
$159,226
30%
$149
18%
$13,375,000
3
3
84
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
13
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Foxhurst Bronx, 4th Quarter 2016 Foxhurst is located in the South Bronx region and is also referred to as East Morisania. The housing stock is made up of older row houses and brand new apartment buildings. Manhattan is just a short subway ride and residents can enjoy a 25 minute trip to Westchester for a rural getaway. Orchard Beach, the only free beach in the Bronx, is close by.
Sales volume Sales volume
$40M
$9.4M
$30M $20M
$9.4M
$10M $
-17% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$174
$174
100% YoY
Number of Transactions Number of Transactions
10 8 6 4 2 0
6
6
0% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$165,895
45%
$201
32%
$3,152,000
5
5
19
Medium
$152,439
132%
$163
107%
$6,250,000
1
1
41
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
14
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Hunts Point Bronx, 4th Quarter 2016 Hunts Point is home to one of the biggest food distribution facilities in the world: Hunts Point Cooperative Market. Most land is used for industry but there is a dense residential pocket made up of older apartment buildings and semi-detached multi-family row houses. A recently developed park, Hunts Point Riverside Park, is a popular destination.
Sales volume Sales volume
$30M $25M $20M $15M $10M $5M $
$11.1M
$11.1M
820% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$200
$152
$150
$152
$100 $50 $
22% YoY
Number of Transactions Number of Transactions
10 8 6 4 2 0
7
7
133% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$130,764
-2%
$160
29%
$2,353,750
6
6
18
Medium
-
-
-
-
$0
0
0
0
Large
$142,623
-
$150
-
$8,700,000
1
1
61
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
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Melrose Bronx, 4th Quarter 2016 Since the ‘90s, the Melrose neighborhood has been in a state of constant revitalization. With incredible amenities, world-class public transportation, and a true New York City community feel, this is a popular neighborhood for good reason. Housing options include residential housing buildings, modern condos, and two- and three-unit row houses.
Sales volume Sales volume
$20M
$6.M
$15M $10M
$6.0M
$5M $
29% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$400
$204
$300 $200
$204
$100 $
-27% YoY
Number of Transactions Number of Transactions
8
5
5
6 4 2 0
67% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$159,667
7%
$186
-16%
$2,395,000
4
4
15
Medium
$146,000
1%
$218
-33%
$3,650,000
1
1
25
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
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Morris Heights Bronx, 4th Quarter 2016 Morris Heights is connected to the rest of the Bronx – and to Manhattan – via numerous express and local buses plus half a dozen subway stops. The housing stock includes five- and six-story buildings, older multi-unit houses, and newly built attached multi-unit townhouses and apartments. Residents enjoy several newly renovated green spaces.
Sales volume Sales volume
$40M
$4.7M
$30M $20M
$4.7M
$10M $
-87% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$200
$173
$173
$150 $100 $50 $
8% YoY
Number of Transactions Number of Transactions
10 8 6 4 2 0
3
3
-25% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$128,182
-43%
$130
0%
$1,410,000
2
2
11
Medium
$143,783
-
$200
-
$3,307,000
1
1
23
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
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[email protected]
Morrisania Bronx, 4th Quarter 2016 The Morrisania neighborhood is located in the Southern Bronx and has a growing population of just shy of 17,000 people. Housing types include multi-unit homes, brownstones, and single-family homes. More than half a dozen local buses run through the neighborhood, though there are no subway lines. Third Avenue is a commercial road with many shops.
Sales volume Sales volume
$100M $80M $60M $40M $20M $
$3.9M
$3.9M
360% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$196
$196
59% YoY
Number of Transactions Number of Transactions
15
5
10
5
5 0
150% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$175,690
25%
$196
59%
$3,865,180
5
5
22
Medium
-
-
-
-
$0
0
0
0
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
18
P: 718-715-1758
www.PropertyShark.com
[email protected]
Mott Haven Bronx, 4th Quarter 2016 There are three historical districts within Mott Haven, each including numerous brownstone-style row houses. Other areas are home to newly built two- and three-unit row houses along with apartment buildings. Transportation options are plentiful and include several subway stops for the 4, 5, and 6 trains, plus local and express bus lines.
Sales volume Sales volume
$15M
$9.M
$8.9M
$10M $5M $
103% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$192
$192
-9% YoY
Number of Transactions Number of Transactions
10 8 6 4 2 0
5
5
150% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$242,857
-
$196
-
$1,700,000
2
2
7
Medium
$157,515
-25%
$191
-10%
$7,245,667
3
3
46
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
19
P: 718-715-1758
www.PropertyShark.com
[email protected]
Mount Hope Bronx, 4th Quarter 2016 The most common housing option in Mount Hope are six-story Depression era apartments but there also wood frame and Queen Anne homes. This neighborhood is one of three to make up Tremont and has recently seen an increase in new construction. Many consider it to be a commuter’s dream with dozens of subway stops and bus lines running through it.
Sales volume Sales volume
$80M
$6.2M
$60M $40M $6.2M
$20M $
-72% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$214
$214
25% YoY
Number of Transactions Number of Transactions
10 8 6 4 2 0
3
3
-50% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$205,833
151%
$172
94%
$1,235,000
2
2
6
Medium
$159,355
12%
$229
21%
$4,940,000
1
1
31
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
20
P: 718-715-1758
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Park Versailles - Bronx River Bronx, 4th Quarter 2016 Located just west of Parkchester, Park Versailles offers a fast commute for both drivers and users of public transportation. Though this is a primarily residential neighborhood there are numerous parks nearby, including Starlight Park with its multipurpose field complete with synthetic turf, basketball courts, walking trails, and playgrounds.
Sales volume Sales volume
$60M $50M $40M $30M $20M $10M $
$17.8M
$17.8M
24% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$200
$152
$150
$152
$100 $50 $
12% YoY
Number of Transactions Number of Transactions
20
7
15 7
10 5 0
-42% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$151,833
21%
$169
28%
$3,644,000
6
6
24
Medium
-
-
-
-
$0
0
0
0
Large
$109,952
-
$149
-
$14,183,750
1
1
129
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
21
P: 718-715-1758
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Pelham Bay Bronx, 4th Quarter 2016 Named after Pelham Bay Park, the largest park in NYC, and located on its northeastern border, Pelham Bay was rezoned in 2006 in order to preserve its character. The neighborhood has countless eateries and stores as well as a wealth of public transit options for its residents.
Sales volume Sales volume
$40M
$4.3M
$30M $20M $4.3M
$10M $
-7% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$167
$167
0% YoY
Number of Transactions Number of Transactions
15
8
8
10 5 0
14% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$147,363
-20%
$167
0%
$4,273,534
8
8
29
Medium
-
-
-
-
$0
0
0
0
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
22
P: 718-715-1758
www.PropertyShark.com
[email protected]
Soundview Bronx, 4th Quarter 2016 Soundview is made up of large residential housing complexes including high rise co-ops and rentals. You’ll also find plenty of five- and six-story pre-war buildings and modern two- and three- unit row houses. On the northern and eastern boundaries there are many commercial establishments including grocers, stores, eateries, and factories.
Sales volume Sales volume
$200M
$2.3M
$150M $100M $50M
$2.3M
$
-92% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$200
$138
$150
$138
$100 $50 $
0% YoY
Number of Transactions Number of Transactions
25 20 15 10 5 0
5
5
-17% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$114,633
-31%
$138
-19%
$2,292,665
5
5
20
Medium
-
-
-
-
$0
0
0
0
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
23
P: 718-715-1758
www.PropertyShark.com
[email protected]
Throggs Neck Bronx, 4th Quarter 2016 Throggs Neck, sometimes spelled Throgs Neck, is located on a bluff 60 feet above the surrounding water. Two beaches and a long trail make this a perfect choice for outdoor-loving residents. Views include the Throggs Neck Bridge and the Manhattan skyline.
Sales volume Sales volume
$5M $4M $3M $2M $1M $
$2.8M
$2.8M
-35% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$210
$210
20% YoY
Number of Transactions Number of Transactions
8
4
6
4
4 2 0
-43% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$211,769
5%
$210
20%
$2,753,000
4
4
13
Medium
-
-
-
-
$0
0
0
0
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
24
P: 718-715-1758
www.PropertyShark.com
[email protected]
Tremont Bronx, 4th Quarter 2016 Also referred to as Mount Hope, Tremont is a largely residential neighborhood in the West Bronx. Housing options include five- and sixstory apartment buildings built on very hilly land. Areas at different elevations are connected by stair streets and residents get to other boroughs via several subway stops and numerous local and express buses.
Sales volume Sales volume
$40M
$4.2M
$30M $20M $4.2M
$10M $
-61% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$200
$122
$150
$122
$100 $50 $
-27% YoY
Number of Transactions Number of Transactions
10 8 6 4 2 0
5
5
67% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$166,381
-50%
$187
5%
$2,662,100
4
4
16
Medium
$77,500
-43%
$77
-53%
$1,550,000
1
1
20
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
25
P: 718-715-1758
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[email protected]
Unionport Bronx, 4th Quarter 2016 Unionport is part of a cluster of Southeast Bronx neighborhoods including Parkchester, Castlepoint, and Schuvlerville. It’s primarily residential but there are pockets of commercial buildings. Small areas of green space are peppered throughout the neighborhood and many varieties and types of eateries, stores, and amenities are available.
Sales volume Sales volume
$80M
$6.7M
$60M $40M $6.7M
$20M $
250% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$189
$189
24% YoY
Number of Transactions Number of Transactions
12 10 8 6 4 2 0
6
6
50% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$144,624
-2%
$167
9%
$2,458,600
5
5
17
Medium
$170,200
-
$205
-
$4,255,000
1
1
25
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
26
P: 718-715-1758
www.PropertyShark.com
[email protected]
Van Nest Bronx, 4th Quarter 2016 Van Nest is known for the many architectural styles of its single-family homes including Art Deco, brick and mortar, Italianate, and Queen Anne. Newly reopened Van Nest Park was renovated in 2015 with a railroad theme and modern playground equipment. Landmarks in the area include Conti’s Bakery, The Morris Park Boxing Club, and Riviera Ravioli.
Sales volume Sales volume
$20M
$4.1M
$15M $10M
$4.0M
$5M $
20% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$168
$168
4% YoY
Number of Transactions Number of Transactions
12 10 8 6 4 2 0
6
6
0% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$192,667
26%
$168
4%
$4,046,000
6
6
21
Medium
-
-
-
-
$0
0
0
0
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
27
P: 718-715-1758
www.PropertyShark.com
[email protected]
Wakefield Bronx, 4th Quarter 2016 Made famous in the movie Love Story, Wakefield is a commuter’s dream. With five subway stations and five express buses, getting to Manhattan takes up to an hour but the simplicity of transportation and the low population density make it worthwhile for residents. The neighborhood is known for well-kept, clean properties and exuberant holiday decorations.
Sales volume Sales volume
$80M
$18.8M
$60M $40M
$18.8M
$20M $
-69% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$200
$163
$163
$150 $100 $50 $
-5% YoY
Number of Transactions Number of Transactions
25 20 15 10 5 0
18
18
-14% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$139,545
16%
$161
12%
$8,372,700
16
16
60
Medium
$164,286
-
$253
-
$2,300,000
1
1
14
Large
$140,517
-15%
$150
-15%
$8,150,000
1
1
58
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
28
P: 718-715-1758
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Westchester Village Bronx, 4th Quarter 2016 There are mix of housing styles in Westchester Village, including Victorian townhomes and detached brick row houses. Westchester Square is the heart of this neighborhood and offers a number of unique local businesses and eateries. Several local buses, an express bus, and the number 6 subway are all accessible in Westchester Village.
Sales volume Sales volume
$20M
$4.7M
$15M $10M
$4.7M
$5M $
8% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$183
$183
16% YoY
Number of Transactions Number of Transactions
10 8 6 4 2 0
3
3
-50% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$168,929
20%
$183
21%
$4,730,000
3
4
28
Medium
-
-
-
-
$0
0
0
0
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
29
P: 718-715-1758
www.PropertyShark.com
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Williamsbridge Bronx, 4th Quarter 2016 Williamsbridge is an ever-changing neighborhood known for the barber shops, bakeries, and clothing stores on virtually every block, the many transportation options, and the fact that it’s buzzing with activity at all hours of the night. Agnes Hayword Playground is in the center of the area and offers a spot for the community to come together.
Sales volume Sales volume
$20M
$6.8M
$15M $6.8M
$10M $5M $
0% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$200
$183
$183
$150 $100 $50 $
8% YoY
Number of Transactions Number of Transactions
20
11
15
11
10 5 0
-8% YoY
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$184,027
23%
$183
9%
$6,809,000
11
11
37
Medium
-
-
-
-
$0
0
0
0
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
30
P: 718-715-1758
Attractions
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Attractions Bronx, 4th Quarter 2016
Botanical Garden
Historic mansion
31
P: 718-715-1758
Attractions
www.PropertyShark.com
[email protected]
Attractions Bronx, 4th Quarter 2016
Wave Hill
Yankee Stadium
32
P: 718-715-1758
Attractions
www.PropertyShark.com
[email protected]
Attractions Bronx, 4th Quarter 2016
Fordham University
Van Cortlandt Park
33
P: 718-715-1758
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