The Insiders' Guide to The Bronx Real Estate Market

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Happy Holidays, Let’s Shop The Bronx 
Asset Class

Happy Holidays, Let’s Shop The Bronx 

No place is more resilient than The Bronx. After years of online shopping threatened the existence of bricks and mortar retailing, the pandemic was a knockout blow for several national chains with a local presence. However, a recent rebirth has seen large spaces vacated by bankrupt companies get acquired by thriving national retailers building their presence in America’s third most densely populated county. Beyond the malls and power centers, local shopping corridors throughout the borough are…
Election Impact on Bronx Real Estate
Issues

Election Impact on Bronx Real Estate

Most New York Democrats breathed a sigh of relief last week despite Republican gains in Congress and Albany. While the power structure remains status quo, the ideological center moved slightly to the right. Real estate developers support Democrats over Republicans by a wide margin and they will need to leverage that influence to address several issues looming over The Bronx real estate market.
Run For Your Lives!
Lifestyle

Run For Your Lives!

This is not a post about Mayor Adams’ anti-crime initiatives. On Sunday 50,000 athletes of all backgrounds and abilities from around the world will compete in the 51st annual New York City Marathon. It will run at full capacity again after last year’s half sized roster and 2020’s cancelation. Mile 20 of the 26.2 mile course will bring them through the South Bronx, which is more mileage than Staten Island gets. Long time contestants have…
Investing in Small Multifamily Properties
Asset Class

Investing in Small Multifamily Properties

If you’re looking to invest in Bronx real estate, there’s a good chance you’re targeting the small multifamily sector. Multifamily properties with 2 to 4 units comprised around half of third quarter Bronx real estate sales and more than a quarter of principal value. The sector is a favorite for budding real estate investors following the age old advice to invest in middle class housing.
Bronx Industrial Real Estate Focus
Asset Class

Bronx Industrial Real Estate Focus

At the geographic and logistical center of the New York metropolitan area, The Bronx is a natural location for a thriving industrial asset base. Train lines and a working waterfront brought the industrial revolution to the south Bronx in the early 20th century and defined those neighborhoods. Until recently, the industrial real estate sector has been transitioning into residential development to meet New York City’s persistent housing shortage.
Top Ten Third Quarter Bronx Real Estate Deals
Market

Top Ten Third Quarter Bronx Real Estate Deals

All but one of the third quarter’s top ten Bronx real estate transactions traded above $10 million. Retail, Industrial and specialty assets continued to support record values while commercial apartment metrics were under pressure. Five of the top ten are near the 2 and 5 subway line serving both the east and west sides of Manhattan. This spine of The Bronx enjoys widespread demand from developers, retailers, and apartment hunters.
A New Transformation Where It All Began
Neighborhoods

A New Transformation Where It All Began

Bronck’s land changed hands a few times before being sold to the Morris family in 1670. Jordan Mott purchased it in 1828 and built an ironworks and a canal, which gave Mott Haven its name and launched The Bronx as the industrial center it remains today. Almost two centuries later, another transformation is bringing thousands of luxury apartments to the site of Jonas Bronck’s original farmhouse.