#
BRONX MULTIFAMILY MARKET REPORT 3rd Quarter 2017
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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, 3rd Quarter 2017
Sales volume
Average price/sq.ft.
Average price/unit
$310.7M
$200
$184K
-24% YoY
25% YoY
63% YoY
Transactions
197 -7% YoY
Small multifamily Average price/sq.ft.
$250 $200 $150 $100 $50 $
$150M $196
Sales volume / Transactions
166
150
$111M
$100M
100
$50M
50 0
Q3-2017
Q2-2017
Q1-2017
Q4-2016
Q3-2016
Q2-2016
Q1-2016
Q4-2015
Q3-2015
Q2-2015
$
Q1-2015
200
Medium multifamily Average price/sq.ft.
$250 $200 $150 $100 $50 $
Sales volume / Transactions $149M
28
100 80 60 40 20 0
Q3-2017
Q2-2017
Q1-2017
Q4-2016
Q3-2016
Q2-2016
Q1-2016
Q4-2015
Q3-2015
Q2-2015
Q1-2015
$200
$300M $250M $200M $150M $100M $50M $
Large multifamily Average price/sq.ft.
$250 $200 $150 $100 $50 $
$211
$400M
Sales volume / Transactions
$300M $200M $100M
3
Q3-2017
Q2-2017
Q1-2017
Q4-2016
Q3-2016
Q2-2016
Q1-2016
Q4-2015
Q3-2015
Q2-2015
Q1-2015
$
$51M
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
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Top 25 Multifamily Sales
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30 25 20 15 10 5 0
Top 25 Multifamily Sales Bronx, 3rd Quarter 2017
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#
Address
Sale Price
Sale Date
Sq.ft.
Price/Sq.ft.
Neighborhood
1
1555 Grand Concourse
$29,800,000
27-Sep-17
2
2464 Hoffman St
$26,500,000
06-Jul-17
138,737
$215
Mount Eden
101,174
$262
Belmont
2463 Hughes Ave
$26,500,000
06-Jul-17
101,174
$262
Belmont
2490 Belmont Ave
$26,500,000
06-Jul-17
101,174
$262
Belmont
2481 Hughes Ave
$26,500,000
06-Jul-17
101,174
$262
Belmont
2454 Hoffman St
$26,500,000
06-Jul-17
101,174
$262
Belmont
2462 Belmont Ave
$26,500,000
06-Jul-17
101,174
$262
Belmont
2464 Belmont Ave
$26,500,000
06-Jul-17
101,174
$262
Belmont
2460 Belmont Ave
$26,500,000
06-Jul-17
101,174
$262
Belmont
2468 Belmont Ave
$26,500,000
06-Jul-17
101,174
$262
Belmont
2466 Belmont Ave
$26,500,000
06-Jul-17
101,174
$262
Belmont
3
2018 Monterey Ave
$10,700,000
10-Jul-17
55,272
$194
Tremont
4
41-45 Elliot Pl
$10,000,000
06-Jul-17
45,235
$221
Mount Eden
5
1145 Clay Ave
$7,571,300
19-Jul-17
27,805
$272
Concourse Village
6
631 E 220 St
$7,200,000
03-Aug-17
42,170
$171
Olinville
7
1631 Grand Ave
$6,990,000
18-Jul-17
46,800
$149
Morris Heights
8
2463 Valentine Ave
$6,450,000
20-Jul-17
22,700
$284
Fordham
9
226 W Tremont Ave
$6,300,000
18-Jul-17
54,000
$117
Morris Heights
10
1786 Topping Ave
$6,240,000
18-Jul-17
38,000
$164
Mount Hope
11
704-710 E 138 St
$5,750,000
13-Jul-17
18,640
$308
Mott Haven
12
50 E 172 St
$5,726,700
19-Jul-17
36,948
$155
Mount Eden
13
855 E 217 St
$5,625,000
13-Jul-17
31,914
$176
Williamsbridge
14
2376 Ryer Ave
$5,600,000
20-Jul-17
19,570
$286
Fordham
15
2265 Grand Ave
$5,450,000
20-Jul-17
25,500
$214
University Heights
16
2886 Briggs Ave
$4,960,000
30-Aug-17
30,425
$163
Bedford Park
17
4360 Furman Ave
$4,630,000
23-Aug-17
26,280
$176
Wakefield
18
220 E 178 St
$4,600,000
28-Sep-17
11,435
$402
Mount Hope
225 E 179 St
$4,600,000
28-Sep-17
11,435
$402
Mount Hope
2195 Morris Ave
$4,600,000
28-Sep-17
11,435
$402
Fordham
19
745 Hunts Point Ave
$4,126,000
18-Sep-17
25,000
$165
Hunts Point
20
452 E 187 St
$4,052,000
19-Jul-17
22,000
$184
Belmont
21
41 W 184 St
$3,660,000
18-Jul-17
21,600
$169
University Heights
22
124 St Anns Ave
$3,650,000
18-Jul-17
14,100
$259
Port Morris
23
2627 Webster Ave
$3,600,000
26-Jul-17
11,935
$302
Fordham
24
2322-2324 Grand Ave
$3,580,000
18-Jul-17
20,000
$179
University Heights
25
871 E 217 St
$3,340,000
14-Aug-17
10,119
$330
Williamsbridge
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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, 3rd Quarter 2017 #
Neighborhood
1
Fordham
Average price/sq.ft. $259
Sales volume
No. of
Avg. price/sqft by multifamily size
sales
Small
Medium
Large
$18,789,000
6
$148
$272
-
2
Throggs Neck
$257
$2,150,000
3
$257
-
-
3
Concourse Village
$250
$8,686,300
3
$160
$272
-
4
Mott Haven
$247
$13,510,000
9
$215
$308
-
5
Belmont
$235
$38,037,074
13
$192
$248
-
6
Morris Park
$232
$3,264,000
5
$232
-
-
7
Mount Hope
$219
$12,590,000
5
$327
$164
-
8
Allerton
$210
$2,465,000
3
$210
-
-
9
Clason Point
$206
$3,197,081
6
$206
-
-
10
Mount Eden
$206
$45,526,700
3
-
$155
$216
11
Norwood
$206
$4,240,000
4
$206
-
-
12
Pelham Bay
$204
$4,371,890
7
$204
-
-
13
Westchester Village
$203
$1,920,000
3
$203
-
-
14
Williamsbridge
$201
$18,734,613
17
$190
$213
-
15
University Heights
$193
$18,917,500
6
$228
$192
-
16
Foxhurst
$191
$6,536,712
11
$191
-
-
17
Tremont
$185
$11,485,000
3
$118
-
$194
18
Edenwald
$185
$2,936,000
5
$185
-
-
19
Woodstock
$184
$3,555,163
3
$128
$211
-
20
Wakefield
$182
$11,160,000
12
$186
$176
-
21
High Bridge
$181
$2,281,990
4
$181
-
-
22
Bedford Park
$178
$10,953,000
6
$201
$170
-
23
Olinville
$175
$9,001,938
4
$193
$171
-
24
Van Nest
$173
$2,954,500
6
$173
-
-
25
Park Versailles - Bronx River
$172
$10,539,700
14
$177
$160
-
26
Unionport
$172
$4,140,000
5
$173
$170
-
27
Soundview
$150
$2,947,000
6
$150
-
-
28
Morris Heights
$138
$14,990,000
3
$213
$132
-
29
Morrisania
$122
$1,551,720
4
$122
-
-
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, 3rd Quarter 2017
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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Allerton Bronx, 3rd Quarter 2017
Sales volume Sales volume
$60M $50M $40M $30M $20M $10M $
$2.5M
$2.5M
-95% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$400
$210
$300 $210
$200 $100 $
126% YoY
Number of Transactions Number of Transactions
10 8 6 4 2 0
3
3
-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
$189,615
45%
$210
34%
$2,465,000
3
3
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)
6
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Bedford Park Bronx, 3rd Quarter 2017 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
$11.M
$60M $40M
$11.0M
$20M $
568% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$200
$178
$178
$150 $100 $50 $
7% YoY
Number of Transactions Number of Transactions
20
6
15 10
6
5 0
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
$245,250
94%
$201
21%
$2,943,000
4
4
12
Medium
$170,426
-
$170
-
$8,010,000
2
2
47
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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Belmont Bronx, 3rd Quarter 2017 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 $
$38.M
$38.0M
117% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$235
$235
27% YoY
Number of Transactions Number of Transactions
20
13
13
15 10 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
$159,257
-11%
$192
7%
$7,485,074
11
11
47
Medium
$233,221
46%
$248
32%
$30,552,000
2
11
131
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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Clason Point Bronx, 3rd Quarter 2017 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
$3.2M
$60M $40M $20M
$3.2M
$
-17% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$206
$206
-8% YoY
Number of Transactions Number of Transactions
12 10 8 6 4 2 0
6
6
20% 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
$177,616
10%
$206
-8%
$3,197,081
6
6
18
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, 3rd Quarter 2017 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 $
$8.7M
$8.7M
-74% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$250
$250
42% YoY
Number of Transactions Number of Transactions
15
3
10 3
5 0
-75% 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
$185,833
15%
$160
-8%
$1,115,000
2
2
6
Medium
$172,075
17%
$272
75%
$7,571,300
1
1
44
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, 3rd Quarter 2017 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 $
$2.9M
$2.9M
248% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$185
$185
75% 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
$195,733
39%
$185
75%
$2,936,000
5
5
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)
11
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Fordham Bronx, 3rd Quarter 2017
Sales volume Sales volume
$120M $100M $80M $60M $40M $20M $
$18.8M
$18.8M
-46% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$259
$259
42% YoY
Number of Transactions Number of Transactions
25 20 15 10 5 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
$186,833
60%
$148
-6%
$1,121,000
2
2
6
Medium
$223,646
36%
$272
49%
$17,668,000
4
4
79
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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Foxhurst Bronx, 3rd Quarter 2017 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
$6.5M
$15M $6.5M
$10M $5M $
-50% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$191
$191
13% YoY
Number of Transactions Number of Transactions
12 10 8 6 4 2 0
11
11
22% 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
$186,763
43%
$191
53%
$6,536,712
11
11
35
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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High Bridge Bronx, 3rd Quarter 2017 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
$50M $40M $30M $20M $10M $
$2.3M
$2.3M
-93% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$181
$181
-9% YoY
Number of Transactions Number of Transactions
12 10 8 6 4 2 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
$190,166
-
$181
-
$2,281,990
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)
14
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Morris Heights Bronx, 3rd Quarter 2017 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
$15.M
$30M
$15.0M
$20M $10M $
10238% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$200
$138
$150
$138
$100 $50 $
282% YoY
Number of Transactions Number of Transactions
10 8 6 4 2 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
$188,889
291%
$213
489%
$1,700,000
1
1
9
Medium
$146,044
-
$132
-
$13,290,000
2
2
91
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, 3rd Quarter 2017 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
$25M $20M $15M $10M $5M $
$3.3M
$3.3M
-8% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$232
$232
69% YoY
Number of Transactions Number of Transactions
12 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
$217,600
-4%
$232
35%
$3,264,000
5
5
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)
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Morrisania Bronx, 3rd Quarter 2017 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
$50M $40M $30M $20M $10M $
$1.6M
$1.6M
-72% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$122
$122
-45% YoY
Number of Transactions Number of Transactions
15
4
10 4
5 0
-20% 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
$119,363
-35%
$122
-22%
$1,551,720
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)
17
P: 718-715-1758
www.PropertyShark.com
[email protected]
Mott Haven Bronx, 3rd Quarter 2017 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
$13.5M
$13.5M
$10M $5M $
335% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$247
$247
20% YoY
Number of Transactions Number of Transactions
10 8 6 4 2 0
9
9
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
$189,268
-2%
$215
5%
$7,760,000
8
8
41
Medium
$250,000
-
$308
-
$5,750,000
1
1
23
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
18
P: 718-715-1758
www.PropertyShark.com
[email protected]
Mount Eden Bronx, 3rd Quarter 2017 Mount Eden is one of three neighborhoods that make up the larger Tremont neighborhood in the West Bronx. Apartments in the area are generally five- and six-stories and brownstones are scattered around the neighborhood. The area includes newly refurbished apartments and plenty of eateries and activities including an aquatics center and dance study.
Sales volume Sales volume
$120M $100M $80M $60M $40M $20M $
$45.5M
$45.5M
2246% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$206
$206
36% YoY
Number of Transactions Number of Transactions
8
3
6
3
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
-
-
-
-
$0
0
0
0
Medium
$150,703
-
$155
-
$5,726,700
1
1
38
Large
$183,410
-
$216
-
$39,800,000
2
2
217
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, 3rd Quarter 2017 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
$12.6M
$60M $40M
$12.6M
$20M $
21% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$219
$219
29% YoY
Number of Transactions Number of Transactions
8
5
5
6 4 2 0
-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
$194,444
30%
$327
122%
$6,350,000
4
3
9
Medium
$145,116
-18%
$164
-9%
$6,240,000
1
1
43
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
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Norwood Bronx, 3rd Quarter 2017 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
$4.2M
$30M $20M $4.2M
$10M $
-67% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$206
$206
13% YoY
Number of Transactions Number of Transactions
10 8 6 4 2 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
$212,000
-
$206
-
$4,240,000
4
4
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)
21
P: 718-715-1758
www.PropertyShark.com
[email protected]
Olinville Bronx, 3rd Quarter 2017 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
$12M $10M $8M $6M $4M $2M $
$9.M
$9.0M
959% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$175
$175
25% YoY
Number of Transactions Number of Transactions
5 4 3 2 1 0
4
4
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
$200,215
65%
$193
38%
$1,801,938
3
3
9
Medium
$146,939
-
$171
-
$7,200,000
1
1
49
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
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Park Versailles - Bronx River Bronx, 3rd Quarter 2017 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 $
$10.5M
$10.5M
-2% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$200
$172
$172
$150 $100 $50 $
13% YoY
Number of Transactions Number of Transactions
20
14
14
15 10 5 0
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
$166,413
53%
$177
26%
$7,655,000
13
13
46
Medium
$180,294
22%
$160
-2%
$2,884,700
1
1
16
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]
Pelham Bay Bronx, 3rd Quarter 2017 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
$4.4M
$30M $20M $4.4M
$10M $
-86% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$204
$204
-5% YoY
Number of Transactions Number of Transactions
15
7
10
7
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
$190,082
7%
$204
3%
$4,371,890
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)
24
P: 718-715-1758
www.PropertyShark.com
[email protected]
Soundview Bronx, 3rd Quarter 2017 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
$3.M
$150M $100M $50M
$2.9M
$
-78% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$150
$150
-17% YoY
Number of Transactions Number of Transactions
30 25 20 15 10 5 0
6
6
-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
$122,792
-13%
$150
-5%
$2,947,000
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)
25
P: 718-715-1758
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[email protected]
Throggs Neck Bronx, 3rd Quarter 2017 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
$6M $5M $4M $3M $2M $1M $
$2.2M
$2.2M
55% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$300 $250 $200 $150 $100 $50 $
$257
$257
17% 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
$215,000
-7%
$257
17%
$2,150,000
3
3
10
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)
26
P: 718-715-1758
www.PropertyShark.com
[email protected]
Tremont Bronx, 3rd Quarter 2017 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
$11.5M
$30M $20M
$11.5M
$10M $
67% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$185
$185
38% YoY
Number of Transactions Number of Transactions
12 10 8 6 4 2 0
3
3
-70% 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
$112,143
3%
$118
15%
$785,000
2
2
7
Medium
-
-
-
-
$0
0
0
0
Large
$150,704
-
$194
-
$10,700,000
1
1
71
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
27
P: 718-715-1758
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[email protected]
Unionport Bronx, 3rd Quarter 2017 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
$4.1M
$60M $40M $20M
$4.1M
$
47% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$172
$172
-12% YoY
Number of Transactions Number of Transactions
12 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
$135,938
-13%
$173
-11%
$2,175,000
4
4
16
Medium
$163,750
-
$170
-
$1,965,000
1
1
12
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]
University Heights Bronx, 3rd Quarter 2017 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 $
$18.9M
$18.9M
84% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$193
$193
24% YoY
Number of Transactions Number of Transactions
15
6
10
6
5 0
20% 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
$259,167
66%
$228
71%
$777,500
1
1
3
Medium
$188,958
17%
$192
20%
$18,140,000
5
5
96
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]
Van Nest Bronx, 3rd Quarter 2017 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
$3.M
$15M $10M
$3.0M
$5M $
-29% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$173
$173
-19% YoY
Number of Transactions Number of Transactions
12 10 8 6 4 2 0
6
6
-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
$155,500
-22%
$173
-19%
$2,954,500
6
6
19
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]
Wakefield Bronx, 3rd Quarter 2017 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
$11.2M
$60M $40M
$11.2M
$20M $
77% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$200
$182
$182
$150 $100 $50 $
11% YoY
Number of Transactions Number of Transactions
25 20 15 10 5 0
12
12
-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
$176,486
48%
$186
14%
$6,530,000
11
11
37
Medium
$171,481
-
$176
-
$4,630,000
1
1
27
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]
Westchester Village Bronx, 3rd Quarter 2017 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
$1.9M
$15M $10M $1.9M
$5M $
32% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$203
$203
23% 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
$174,545
32%
$203
23%
$1,920,000
3
3
11
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)
32
P: 718-715-1758
www.PropertyShark.com
[email protected]
Williamsbridge Bronx, 3rd Quarter 2017 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
$18.7M
$18.7M
$15M $10M $5M $
184% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$250 $200 $150 $100 $50 $
$201
$201
31% YoY
Number of Transactions Number of Transactions
20
17
17
15 10 5 0
21% 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
$171,397
27%
$190
24%
$9,769,613
15
15
57
Medium
$203,750
-
$213
-
$8,965,000
2
2
44
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
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Woodstock Bronx, 3rd Quarter 2017 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
$80M
$3.6M
$60M $40M $20M
$3.6M
$
-70% YoY
Average Sale Price per Sq.ft. Average Sale Price per Sq.ft.
$400
$184
$300 $200
$184
$100 $
13% YoY
Number of Transactions Number of Transactions
8
3
6
3
4 2 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
$117,857
-25%
$128
-12%
$825,000
2
2
7
Medium
$170,635
-
$211
-
$2,730,163
1
1
16
Large
-
-
-
-
$0
0
0
0
Small (up to 10 units), Medium (between 10 and 50 units), Large (more than 50 units)
34
P: 718-715-1758
Attractions
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Attractions Bronx, 3rd Quarter 2017
Botanical Garden
Historic mansion
35
P: 718-715-1758
Attractions
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Attractions Bronx, 3rd Quarter 2017
Wave Hill
Yankee Stadium
36
P: 718-715-1758
Attractions
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Attractions Bronx, 3rd Quarter 2017
Fordham University
Van Cortlandt Park
37
P: 718-715-1758
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