BRONX RESIDENTIAL MARKET REPORT. February P:

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1 # BRONX RESIDENTIAL MARKET REPORT February 216 P:

2 About Bronx Market Report The Bronx Market Report is designed to provide an overview of the borough s residential market. It includes in a single place: key market stats, the most up-to-date monthly sales data, and charts that give a clear picture of current market conditions. Organized in six distinct sections, the market report provides both a broad perspective on Bronx s residential market as well as neighborhood profiles. The first section - Residential Market Overview - shows the borough s median sale price per property and per square foot, together with trends and changes over the past year. Single-family, condos, and coops are accounted for separately in order to better capture the peculiarities of each market. The second section informs on the borough s Top 1 Residential Sales for each residential property type included. Then, the last four sections of the report take a closer look at Bronx s neighborhoods: informative sales maps are complemented by a section dedicated to the borough s most expensive neighborhoods by median sales price per square foot. Each Bronx neighborhood has its own snapshot in the last section of the market report. The one-page spotlight starts with a brief description of the neighborhood s profile. Useful sales stats at neighborhood level are available: median sale price, median sale price per square foot, number of transactions or type of residential properties sold. Table of Contents Residential Market Overview Top 1 Residential Sales Map of Neighborhoods List of Neighborhoods Bronx Overview Neighborhoods Snapshots P: support@propertyshark.com

3 Residential Market Overview Median Price/Sq.ft. No. of Transactions 235K % YoY 15% YoY -1% YoY Single family Median price/sq.ft. 23 4K 3K 36K 34K 32K 3K Median price / No. of Transactions 3K Condo Median price/sq.ft K 1K 5K Median price / No. of Transactions 11K Coop Median price/sq.ft. 21 2K 15K 1K 5K Median price / No. of Transactions 173K

4 Top 1 Residential Sales Single family # Address Sale Price Sale Date Sq.ft. Price/Sq.ft. Neighborhood Iselin Ave 2,3, 9-6, Fieldston 2 45 Fieldston Rd 2,15, 5-4, Fieldston 3 24 E 17 St 1,215, 4-3, Mount Hope Arlington Ave 1,14, 3-2, Riverdale Palisade Ave 1,4, 3-2, North Riverdale Fieldston Rd 795, 1-2, North Riverdale E 141 St 635, 24-2, Mott Haven 52 Spencer Ave 565, 16-1, 565 North Riverdale Byron Ave 527, , Wakefield Hering Ave 525, 9-1, Morris Park Condo # Address Sale Price Sale Date Sq.ft. Price/Sq.ft. Neighborhood 1 54 Ellsworth Avenue #B2 37, Throggs Neck Johnson Avenue #9D 316, Spuyten Duyvil Surf Dr 275, 17-1,26 22 Clason Point 4 16 Metropolitan Avenue #3E 115, Parkchester Mc Graw Avenue #11E 115, Parkchester Mc Graw Avenue #ME 11, Parkchester Metropolitan Avenue #5E 19, Parkchester 7 Metropolitan Oval #3H 16, Parkchester 9 16 Parkview Avenue #2B 1, Pelham Bay 1 34 Metropolitan Oval #4E 7, Parkchester Coop # Address Sale Price Sale Date Sq.ft. Price/Sq.ft. Neighborhood Johnson Ave #4B 749, Spuyten Duyvil Henry Hudson Pkwy W #12Y 625, Riverdale Henry Hudson Pkwy W #5B 41, Riverdale Henry Hudson Pkwy W #11 4, Riverdale 5 12 Grand Concourse #16U 3, Concourse Village 6 57 Arlington Ave #2V 377, North Riverdale Independence Ave #4J 365, Riverdale 611 W 239 St #4G 35, Riverdale 9 12 Grand Concourse #15G 322, Concourse Village Sylvan Ave #6H 32, Riverdale 2

5 Map of Neighborhoods 3

6 List of Neighborhoods # Neighborhood Median Median sale No. of Median sale price price/sq.ft. price sales Condo Coop Single family 1 North Riverdale , , 795, 2 Throggs Neck 335 4, 37, - 43, 3 Spuyten Duyvil , ,5 215,75-4 Pelham Bay ,5 1, 219, 3, 5 Morris Park , , 6 Riverdale , 13-29, 1,14, 7 Wakefield , ,5 City Island 2 372, ,5 9 Laconia 23 34, , 1 Parkchester ,5 17,5 - - This is a ranking of Bronx neighborhoods based on median sale price per sq.ft. Only neighborhoods with a minimum of 3 property sales where square footage is available were considered. 4

7 Bronx Overview Home Price Changes by Neighborhood The map displays the median sale price changes in the last 1 years. The analysis is based only on residential sales. Price / Sq.ft. The map displays Price per sq.ft. for properties sold in the last 5 years. 5

8 City Island City Island offers some of the most affordable waterfront properties in NYC, and much of the mile-and-a-half by half-mile-wide island has high enough elevations that flood insurance isn t required. Property types include bungalows, picturesque cottages, shingle-style homes, and Victorian-style properties. The main road is home to a wide range of quaint stores. 373K -1% YoY per Sq.ft. 2-12% YoY 3-57% YoY K 6K 4K 2K Type of Properties Sold per Sq.ft. Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions Condos Coops Houses 372,5-31% 2-33% 3 373K 2 3 6

9 Laconia 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. 34K -9% YoY per Sq.ft % YoY 5 15% YoY 5K 4K 3K 2K 1K Type of Properties Sold per Sq.ft. Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions Condos Coops Houses 34, -9% 23-19% 5 34K

10 Morris Park 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. 36K -1% YoY per Sq.ft % YoY 3-25% YoY 6K 5K 4K 3K 2K 1K Type of Properties Sold per Sq.ft. Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions Condos Coops Houses 36, -1% % 3 36K 231 3

11 North Riverdale 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. 255K 2% YoY per Sq.ft % YoY % YoY 6K 5K 4K 3K 2K 1K Type of Properties Sold per Sq.ft. Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions Condos Coops 215, 24% 27 29% Houses 795, -1% K

12 Parkchester The Parkchester neighborhood is a planned development created by MetLife in the 193s and was used by returning WWII veterans. It is made up of 171 four-sided brick buildings, each between and 13 stories high. Today these buildings stand along with multi-unit private homes. Landmarks include the 193s American Theater and Zaro s Bakery, opened in K 15K 1K 5K 1K 12% YoY per Sq.ft % YoY -43% YoY Type of Properties Sold per Sq.ft. Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions Condos 17,5 12% % Coops Houses

13 Pelham Bay Named after Pelham Bay Park, the largest park in NYC, and located on its northeastern border, Pelham Bay was rezoned in 26 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. 37K 5% YoY per Sq.ft. 25 % YoY 167% YoY 5K 4K 3K 2K 1K Type of Properties Sold per Sq.ft. Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions Condos 1, Coops 219, Houses 3, 5% % 6 37K 25 11

14 Riverdale The northern most point in NYC is located in Riverdale, a neighborhood with a population of more than 47,. Unlike most of the Bronx, the majority of housing there is owner-occupied. Several historic buildings are located there, including Greyston, Stonehurst, and Oaklawn. In the last ten years, many new mid and high-rise condos have been built. 32K 2% YoY per Sq.ft % YoY 13 % YoY 5K 4K 3K 2K 1K Type of Properties Sold per Sq.ft. Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions Condos Coops 29, -4% 26 37% 12 Houses 1,14, -16% % 1 32K

15 Spuyten Duyvil Spuyten Duyvil is an interesting neighborhood and is home to several landmarks including Henry Hudson Memorial Park and Villa Charlotte Bronte. Homes in this area have stunning views of the Harlem and Hudson Rivers and residents are served by the Hudson Line of the Metro-North railroad, which offers direct service to Grand Central Terminal. 219K -5% YoY per Sq.ft. 294 % YoY 13 44% YoY 5K 4K 3K 2K 1K Type of Properties Sold per Sq.ft. Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions Condos 316,5-16% 36-2% 1 Coops 215,75 23% 276 1% 12 Houses K

16 Throggs Neck Throggs Neck, sometimes spelled Throgs Neck, is located on a bluff 6 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. 4K 4% YoY per Sq.ft % YoY 5K 4K 3K 2K 1K per Sq.ft. 4K % YoY Type of Properties Sold Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions Condos 37, Coops Houses 43, 12% 332-3% 7 14

17 Wakefield 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. 322K 15% YoY per Sq.ft % YoY 4-56% YoY 4K 3K 2K 1K Type of Properties Sold per Sq.ft. Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions Condos Coops Houses 321,5 15% 217 1% 4 322K

18 Attractions Botanical Garden Historic mansion 16

19 Attractions Wave Hill Yankee Stadium 17

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