Riverdale

Playing cricket at Van Cortlandt Park

Come Play in Van Cortlandt Park

Let’s take a taste of the great New York City melting pot at Van Cortlandt Park, where on a typical weekend people from all around the world come together to play. A crown jewel of The Bronx park system covering 1,146 acres at the end of the 1 train, the park is home to the country’s first public golf course, the oldest house in The Bronx, and the borough’s largest freshwater lake. Immigrants drawn to the world’s beacon of freedom play soccer and cricket on the Parade Ground where troops trained from The Revolution to World War 1.

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Lifestyle
1869 White Plains Rd

Bronx Benchmarks Hang Tough

The number of Bronx real estate transactions thus far in 2023 is only a third of last year’s. The dramatic slowdown has not been fully reflected in valuations that cling to recent records. The darkest clouds looming over apartment valuations are clearing favorably as demand for other asset classes has been enough to satisfy lower supply. Troubled regional banks and moderating inflation could signal the top of the interest rate cycle which would remove another cloud from The Bronx real estate market. 13 metrics remain unchanged after our benchmark review which resulted in 4 increases and 9 reductions.

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Market
727 Ladd Rd, Bronx, NY

Updated Bronx Benchmark Values

Tighter monetary policy and the stagnant economy have dealt severe headwinds to national real estate but The Bronx has fared better than most markets in recent months. The BuyTheBronx.com valuation benchmarks have been updated to reflect the current market of sale and lease transactions in the context of longer trends. The strong have held onto record values, as weaker sectors bear the brunt of macro pressures. The improving benchmarks outnumber those we cut, but even more remain unchanged at this time.

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Market
Cityscape from the New York Botanical Gardens 2022 Holiday Train Show

Favorite Bronx Holiday Traditions

‘Tis the season to close your deals or push them into next year. Between that and supporting our local retailers, try to leave time to celebrate the season with some classic Bronx holiday traditions. Most of the local BIDs have already lit their displays so take a stroll to see your favorite neighborhood aglow in holiday splendor. Santa is making regular visits to the major shopping areas with other special family activities. Menorah lightings and Kwanza celebrations will close out the month. Among so much local merriment, The Bronx also enjoys these enduring holiday traditions.

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Lifestyle
BuyTheBronx.com Numbers Page

Introducing the BuyTheBronx.com Numbers Page

Introducing the BuyTheBronx.com Numbers Page, providing benchmark values for your favorite asset classes in The Bronx real estate market. Most data sources report highly skewed simple averages based on popular search criteria. This gets worse with the great dispersion in size, quality and neighborhoods that affect the values of all the submarkets in The Bronx.

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