#
BRONX MULTIFAMILY MARKET REPORT 2nd Quarter 2018
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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 Bronx, 2nd Quarter 2018
Sales volume
Average price/sq.ft.
$273.5M
$182
-37% YoY
11% YoY
Average price/unit
$166K
Transactions
196
10% YoY
-13% YoY
Small multifamily $250 $200 $150 $100 $50 $
Average price/sq.ft.
$150M $202
Sales volume / Transactions $120M
$100M
160
200 150 100
$50M
50
$
0
Medium multifamily $250 $200 $150 $100 $50 $
Average price/sq.ft. $168
$300M $250M $200M $150M $100M $50M $
Sales volume / Transactions $127M
33
100 80 60 40 20 0
Large multifamily $250 $200 $150 $100 $50 $
Average price/sq.ft.
$400M $176
Sales volume / Transactions
$300M $200M $100M $
3 $26M
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
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25 20 15 10 5 0
Top 25 Multifamily Sales Bronx, 2nd Quarter 2018
2
#
Address
Sale Price
Sale Date
Sq.ft.
Price/Sq.ft.
Neighborhood
1
263 E Gun Hill Rd
$20,550,000
25-Apr-18
93,252
$220
Norwood
3508 Kings College Pl
$20,550,000
25-Apr-18
93,252
$220
Norwood
2
456 E 149th St
$8,500,000
10-May-18
15,060
$564
Mott Haven
3
3188 Riverdale Ave
$8,100,000
31-May-18
29,309
$276
Kingsbridge
4
3447 Dekalb Ave
$7,628,111
24-Apr-18
49,000
$156
Norwood
5
2537 Valentine Ave
$6,800,000
31-May-18
43,270
$157
Fordham
6
2541 Aqueduct Ave W
$6,314,000
09-May-18
27,250
$232
Fordham
7
1060 Sheridan Ave
$5,220,000
15-Jun-18
30,385
$172
Concourse Village
8
1468 Bryant Ave
$5,200,000
07-Jun-18
16,575
$314
Fairmont - Claremont Village
9
1484-1494 Watson Ave
$5,000,000
27-Apr-18
52,800
$95
Soundview
10
162 W Kingsbridge Rd
$4,594,535
23-May-18
28,370
$162
Fordham
11
6125 Broadway
$4,500,000
31-May-18
21,375
$211
Fieldston
12
1095 Prospect Ave
$4,180,000
24-Apr-18
15,020
$278
Morrisania
13
830 Elton Ave
$3,900,000
10-May-18
17,150
$227
Melrose
14
495-497 Claremont Pkwy
$3,500,000
24-Apr-18
14,480
$242
Claremont
15
320 Beekman Ave
$3,375,000
10-Apr-18
14,364
$235
Mott Haven
16
1064 Sheridan Ave
$3,211,000
15-Jun-18
16,155
$199
Concourse Village
17
1056 Sheridan Ave
$3,092,000
15-Jun-18
17,600
$176
Concourse Village
18
1052 Sheridan Ave
$2,823,000
15-Jun-18
17,600
$160
Concourse Village
19
2430 Lyvere St
$2,625,000
07-May-18
10,534
$249
Westchester Village
20
2055-2057 Davidson Ave
$2,610,400
29-Jun-18
39,300
$66
University Heights
2059-2061 Davidson Ave
$2,610,400
29-Jun-18
39,300
$66
University Heights
21
1048 Sheridan Ave
$2,554,000
15-Jun-18
17,600
$145
Concourse Village
22
927 Avenue St John
$2,500,000
12-Jun-18
10,325
$242
Longwood
23
535 E 148th St
$2,500,000
25-Apr-18
11,345
$220
Mott Haven
24
769 Melrose Ave
$2,450,000
10-May-18
12,586
$195
Melrose
25
864 E 221st St
$2,300,000
28-Jun-18
11,688
$197
Williamsbridge
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Map of Neighborhoods Average price per square foot (past 3 years)
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Top Neighborhoods Bronx, 2nd Quarter 2018 #
Neighborhood
1
Pelham Bay
2 3 4
Average price/sq.ft.
Sales volume
No. of
Avg. price/sqft by multifamily size
sales
Small
Medium
Large
$270
$2,207,150
3
$270
-
-
North Riverdale
$270
$4,318,500
4
$270
-
-
Throggs Neck
$259
$5,061,450
7
$259
-
-
Belmont
$254
$5,554,800
6
$254
-
-
5
Van Nest
$251
$3,060,000
4
$251
-
-
6
Morris Park
$237
$5,715,000
7
$237
-
-
7
Fairmont - Claremont Village
$232
$7,965,000
6
$155
$314
-
8
Unionport
$221
$1,735,000
3
$221
-
-
9
Clason Point
$221
$3,680,000
5
$221
-
-
10
Morris Heights
$210
$2,190,000
3
$210
-
-
11
Park Versailles - Bronx River
$208
$7,635,083
11
$208
-
-
12
Norwood
$198
$31,350,000
4
$233
$196
-
13
Foxhurst
$197
$5,644,484
9
$197
-
-
14
Westchester Village
$194
$4,890,000
4
$154
$249
-
15
Mott Haven
$191
$18,895,000
6
$290
$181
-
16
Wakefield
$188
$6,947,989
10
$188
-
-
17
Williamsbridge
$182
$8,830,820
12
$205
$147
-
18
Fordham
$182
$19,248,535
5
$219
$232
$159
19
Woodstock
$180
$2,303,200
4
$180
-
-
20
High Bridge
$178
$5,105,000
5
$178
-
-
21
Laconia
$172
$2,978,301
6
$172
-
-
22
Concourse Village
$168
$22,963,000
11
$169
$168
-
23
Tremont
$164
$6,678,000
8
$216
$105
-
24
Melrose
$151
$8,775,000
5
$184
$146
-
25
Soundview
$147
$12,291,186
10
$236
$95
-
26
University Heights
$105
$7,624,649
4
$152
$89
-
27
Olinville
$96
$4,187,456
5
$96
-
-
28
Mount Hope
$86
$7,053,108
6
$164
$78
-
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 Bronx, 2nd Quarter 2018
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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Belmont Bronx, 2nd Quarter 2018 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 $
$5.6M
$5.6M
-87% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$254
$254
46% YoY
Number of Transactions Number of Transactions
20
6
15 10
6
5 0
-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
$222,192
4%
$254
2%
$5,554,800
6
6
25
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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Clason Point Bronx, 2nd Quarter 2018 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
$3.7M
$60M $40M $20M
$3.7M
$
-2% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$221
$221
13% YoY
Number of Transactions Number of Transactions
12 10 8 6 4 2 0
5
5
-29% 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
$184,000
7%
$221
13%
$3,680,000
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)
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Concourse Village Bronx, 2nd Quarter 2018 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
$80M
$23.M
$60M $40M
$23.0M
$20M $
-66% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$168
$168
5% YoY
Number of Transactions Number of Transactions
15
11
11
10 5 0
-15% 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
$153,345
-8%
$169
0%
$4,447,000
5
5
29
Medium
$174,679
25%
$168
3%
$18,516,000
6
6
106
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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Fairmont - Claremont Village Bronx, 2nd Quarter 2018 Depending on which map you look at, the neighborhood located between the Crotona Park East neighborhood and the Bronx River may be called Claremont Village or Fairmont. There are many housing styles in the area, including gated, single row houses from the ‘70s and pre-war six-story buildings. Subway access is only available on the outskirts.
Sales volume Sales volume
$15M
$8.M
$8.0M
$10M $5M $
625% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$400
$232
$300
$232
$200 $100 $
52% YoY
Number of Transactions Number of Transactions
8
6
6
6 4 2 0
200% 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
$184,333
17%
$155
2%
$2,765,000
5
5
15
Medium
$208,000
-
$314
-
$5,200,000
1
1
25
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
9
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Fordham Bronx, 2nd Quarter 2018
Sales volume Sales volume
$120M $100M $80M $60M $40M $20M $
$19.3M
$19.2M
-35% YoY
Average Sale Price per Sq.ft.
$182
Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$182
-8% 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
$256,667
367%
$219
185%
$1,540,000
2
2
6
Medium
$170,649
-6%
$232
21%
$6,314,000
1
1
37
Large
$111,711
-33%
$159
-26%
$11,394,535
2
2
102
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
10
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Foxhurst Bronx, 2nd Quarter 2018 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
$20M
$5.6M
$15M $10M
$5.6M
$5M $
-15% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$197
$197
1% YoY
Number of Transactions Number of Transactions
12 10 8 6 4 2 0
9
9
-10% 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
$176,390
-2%
$197
1%
$5,644,484
9
9
32
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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High Bridge Bronx, 2nd Quarter 2018 Dominated by townhouses and five- and six-story apartment buildings, High Bridge is just over one square mile. It’s an elevated, hilly area with stair streets connecting different elevations. There’s no subway or express bus service but there are three local buses. Since it is a predominately residential neighborhood, eateries are mostly take-out.
Sales volume Sales volume
$60M $50M $40M $30M $20M $10M $
$5.1M
$5.1M
-35% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$178
$178
7% YoY
Number of Transactions Number of Transactions
12 10 8 6 4 2 0
5
5
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
$189,074
35%
$178
9%
$5,105,000
4
4
27
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)
12
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Laconia Bronx, 2nd Quarter 2018 Right in the middle of some of the Bronx’s most respected greenspaces, Laconia is within a mile and a half of the NY Botanical Garden, Pelham Bay, Van Cortlandt, and Seton Falls Park. Somewhere between urban and suburban, this neighborhood has two subway stops and its own express bus. Homes are mostly brick row houses and single family homes.
Sales volume Sales volume
$4M
$3.M
$3.0M
$3M $2M $1M $
358% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$172
$172
-20% YoY
Number of Transactions Number of Transactions
8
6
6
6 4 2 0
500% 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
$124,096
-24%
$172
-20%
$2,978,301
6
6
24
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)
13
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Melrose Bronx, 2nd Quarter 2018 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
$8.8M
$15M
$8.8M
$10M $5M $
21% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$400
$151
$300 $200
$151
$100 $
-9% YoY
Number of Transactions Number of Transactions
8
5
5
6 4 2 0
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
$158,333
-22%
$184
-4%
$1,425,000
2
2
9
Medium
$111,364
-2%
$146
-9%
$7,350,000
3
3
66
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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Morris Heights Bronx, 2nd Quarter 2018 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
$2.2M
$30M $20M $10M
$2.2M
$
222% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$210
$210
26% YoY
Number of Transactions Number of Transactions
5 4 3 2 1 0
3
3
200% 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
$243,333
7%
$210
26%
$2,190,000
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)
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Morris Park Bronx, 2nd Quarter 2018 The housing in Morris Park is single- and two-family homes in a variety of styles with a few large apartment buildings scattered in between. Though the total land area is just over 1/3 of a square mile, there’s a strong neighborhood vibe with a less than 1% annual turnover rate. Many of the small shops have had the same owners for decades.
Sales volume Sales volume
$15M
$5.7M
$10M
$5.7M
$5M $
85% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$237
$237
10% 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
$228,600
18%
$237
10%
$5,715,000
7
7
25
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)
16
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Mott Haven Bronx, 2nd Quarter 2018 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
$25M $20M $15M $10M $5M $
$18.9M
$18.9M
4859% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$400
$191
$300 $200
$191
$100 $
28% YoY
Number of Transactions Number of Transactions
10 8 6 4 2 0
6
6
500% 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
$210,000
65%
$290
94%
$2,520,000
2
2
12
Medium
$146,205
-
$181
-
$16,375,000
4
5
112
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
17
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Mount Hope Bronx, 2nd Quarter 2018 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
$7.1M
$60M $40M $7.1M
$20M $
-69% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$86
$86
-60% 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
$213,333
12%
$164
10%
$1,280,000
2
2
6
Medium
$63,441
-
$78
-
$5,773,108
4
4
91
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]
North Riverdale Bronx, 2nd Quarter 2018 North Riverdale lies on a ridge that separates it from the rest of the city. It’s a sleepy, cozy, safe neighborhood comprised of both private homes and apartment buildings. Bordered by both the Hudson River and the Palisades cliffs, this is a neighborhood with no shortage of spectacular views and is the crossroads of suburban and rural life.
Sales volume Sales volume
$100M
$4.3M
$80M $60M $40M $20M
$4.3M
$
234% YoY
Q1-2015 Q2-2015 Q4-2015 Q1-2016 Q2-2016 Q1-2017 Q2-2017 Q3-2017 Q1-2018 Q2-2018
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$500
$270
$400 $300
$270
$200 $100 $
-34% YoY
Q1-2015 Q2-2015 Q4-2015 Q1-2016 Q2-2016 Q1-2017 Q2-2017 Q3-2017 Q1-2018 Q2-2018
Number of Transactions Number of Transactions
6 5 4 3 2 1 0
4 300% YoY
4
Q1-2015 Q2-2015 Q4-2015 Q1-2016 Q2-2016 Q1-2017 Q2-2017 Q3-2017 Q1-2018 Q2-2018
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$287,900
-11%
$270
-34%
$4,318,500
4
4
15
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)
19
P: 718-715-1758
www.PropertyShark.com
[email protected]
Norwood Bronx, 2nd Quarter 2018 Known as a neighborhood that’s always evolving, Norwood was once known as Bainsbrige and offers some of the most affordable rents in the area. When you add the exceptional transportation options, dog runs, numerous sporting fields, and one of the best hospitals in NYC, it’s easy to see why this is a highly-sought after Bronx neighborhood.
Sales volume Sales volume
$40M
$31.4M
$31.4M
$30M $20M $10M $
-
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$198
$198
-
Number of Transactions Number of Transactions
10 8 6 4 2 0
4
4
-
Type of Properties Sold Multifamily size
Avg. price/unit
Y-o-Y
Avg. price/sqft
Y-o-Y
Sales volume
Sales
Buildings
Units
Small
$175,000
-
$233
-
$1,400,000
1
1
8
Medium
$203,741
-
$196
-
$29,950,000
3
4
147
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
www.PropertyShark.com
[email protected]
Olinville Bronx, 2nd Quarter 2018 These days Olinville is generally considered to be a part of the Williamsbridge neighborhood and is served by both the 2 and 5 trains, as well as several buses and the Metro-North Harlem Line. Housing options are dominated by multi-unit homes of a variety of types, though there are also numerous two- and three-story private homes in the area.
Sales volume Sales volume
$15M
$4.2M
$10M $4.2M
$5M $
227% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$96
$96
-50% YoY
Number of Transactions Number of Transactions
8
5
5
6 4 2 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
$200,667
-6%
$96
-50%
$4,187,456
5
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)
21
P: 718-715-1758
www.PropertyShark.com
[email protected]
Park Versailles - Bronx River Bronx, 2nd Quarter 2018 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
$25M $20M $15M $10M $5M $
$7.6M
$7.6M
-48% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$208
$208
18% YoY
Number of Transactions Number of Transactions
20
11
15
11
10 5 0
10% 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
$173,525
37%
$208
33%
$7,635,083
11
11
44
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]
Pelham Bay Bronx, 2nd Quarter 2018 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
$2.2M
$30M $20M $10M
$2.2M
$
-41% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$270
$270
42% YoY
Number of Transactions Number of Transactions
15
3
10 3
5 0
-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
$245,239
25%
$270
42%
$2,207,150
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)
23
P: 718-715-1758
www.PropertyShark.com
[email protected]
Soundview Bronx, 2nd Quarter 2018 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
$12.3M
$150M $100M $50M
$12.3M
$
86% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$147
$147
-22% YoY
Number of Transactions Number of Transactions
30 25 20 15 10 5 0
10
10
-9% 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
$191,873
25%
$236
25%
$7,291,186
9
9
38
Medium
$104,167
-
$95
-
$5,000,000
1
1
48
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]
Throggs Neck Bronx, 2nd Quarter 2018 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
$30M $25M $20M $15M $10M $5M $
$5.1M
$5.1M
95% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$259
$259
38% 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
$220,063
27%
$259
38%
$5,061,450
7
7
23
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)
25
P: 718-715-1758
www.PropertyShark.com
[email protected]
Tremont Bronx, 2nd Quarter 2018 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
$6.7M
$30M $20M
$6.7M
$10M $
-29% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$164
$164
-17% YoY
Number of Transactions Number of Transactions
15
8
8
10 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
$212,636
7%
$216
7%
$4,678,000
7
7
22
Medium
$100,000
-31%
$105
-46%
$2,000,000
1
1
20
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
26
P: 718-715-1758
www.PropertyShark.com
[email protected]
Unionport Bronx, 2nd Quarter 2018 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
$1.7M
$60M $40M $20M
$1.7M
$
-83% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$221
$221
141% YoY
Number of Transactions Number of Transactions
12 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
$192,778
20%
$221
5%
$1,735,000
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)
27
P: 718-715-1758
www.PropertyShark.com
[email protected]
University Heights Bronx, 2nd Quarter 2018 There are many property types in University Heights including older multi-unit houses, five- and six-story buildings, newly constructed townhomes, co-ops, and apartment buildings. Fordham Road is the main commercial thoroughfare and is home to River Plaza, a mall with a Target, Marshall’s Starbucks, and other stores. There are numerous train lines.
Sales volume Sales volume
$50M $40M $30M $20M $10M $
$7.6M
$7.6M
-73% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$105
$105
-6% 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
$237,083
135%
$152
-7%
$2,845,000
2
2
12
Medium
$88,512
-53%
$89
-49%
$4,779,649
2
3
54
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
28
P: 718-715-1758
www.PropertyShark.com
[email protected]
Van Nest Bronx, 2nd Quarter 2018 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
$12M $10M $8M $6M $4M $2M $
$3.1M
$3.1M
-49% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$251
$251
11% YoY
Number of Transactions Number of Transactions
12 10 8 6 4 2 0
4
4
-60% 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
$235,385
17%
$251
11%
$3,060,000
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)
29
P: 718-715-1758
www.PropertyShark.com
[email protected]
Wakefield Bronx, 2nd Quarter 2018 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
$7.M
$60M $40M $6.9M
$20M $
-13% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$188
$188
11% YoY
Number of Transactions Number of Transactions
25 20 15 10 5 0
10
10
-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
$178,154
23%
$188
11%
$6,947,989
10
10
39
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
www.PropertyShark.com
[email protected]
Westchester Village Bronx, 2nd Quarter 2018 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
$12M $10M $8M $6M $4M $2M $
$4.9M
$4.9M
-10% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$194
$194
-1% YoY
Number of Transactions Number of Transactions
10 8 6 4 2 0
4
4
-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
$188,750
-3%
$154
-26%
$2,265,000
3
3
12
Medium
$201,923
21%
$249
36%
$2,625,000
1
1
13
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
31
P: 718-715-1758
www.PropertyShark.com
[email protected]
Williamsbridge Bronx, 2nd Quarter 2018 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
$40M
$8.8M
$30M $20M
$8.8M
$10M $
-7% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$182
$182
21% YoY
Number of Transactions Number of Transactions
20
12
12
15 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
$186,119
14%
$205
3%
$5,955,820
10
10
32
Medium
$125,000
149%
$147
92%
$2,875,000
2
2
23
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
32
P: 718-715-1758
www.PropertyShark.com
[email protected]
Woodstock Bronx, 2nd Quarter 2018 Located just ten blocks from Yankee Stadium, Woodstock is known for its many neighborhood parks, public transit options, medical center, and the numerous locally owned shops. There’s a Carnegie Library here, built in 1914 and a part of the New York Public Library, and popular ethnic restaurants and many bars provide plenty for residents to do.
Sales volume Sales volume
$20M
$2.3M
$15M $10M
$2.3M
$5M $
412% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$180
$180
19% YoY
Number of Transactions Number of Transactions
8
4
6
4
4 2 0
300% 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
$177,169
18%
$180
19%
$2,303,200
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)
33
P: 718-715-1758
www.PropertyShark.com
[email protected]
