Archives For Bronx Real Estate

Articles on Bronx real estate. Read distressed properties stats, market trends and more.

How has the Bronx real estate market developed in the course of the past five years? Our analysts pulled out all sales data on single- & two-family homes, condos, and coops recorded in the 2008 – 2013 timeframe, putting together a quick overview of the Bronx housing market.

Despite a sizable drop in the number of sales, slightly bigger prices have stepped in to compensate for the slower sales pace. A total of 2,071 homes were sold in 2013, compared to 3,059 in 2008. However, the median sale price jumped 3% from 2008’s median of $300,000 to $310,000 in 2013.

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January 2014 Sees 1,000,000+ Unique Visitors on PropertyShark

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We’ve proudly shared our previous milestone with you (when the number of registered members passed the one million mark), so we thought you’d join us in celebrating the fact that PropertyShark.com now registers more than one million unique visitors per month!

1mil uniques logoPropertyShark kicked off 2014 on a strong note, having grown (traffic-wise) 42% from last year, and a striking 264% from the year before.

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It’s December. Year-end lists are bound to be heading your way. So we thought we’d do something a little different: we’ve looked back at the past ten years, and added up all NYC property sales (commercial, residential, and industrial) collected by PropertyShark throughout the past decade, in order to determine the market size.

In case you’ve ever wondered how much the NYC real estate sales volume accounted for in terms of $ in each of the past ten years, here are the numbers, placed right next to the overall NYC City Budget, for a broader perspective:

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map of Toxic sites in NYC

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See Past the LLC Part 2: Find the Real Owner of an NYC Property

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In our previous blog post called See Past the LLC: 3 Ways to Unmask the Real Owner of an NYC Property, we talked about the three easiest ways to find out the real name of a  property owner. As promised, here’s a follow-up to that article, detailing three alternative ways to get behind an LLC:

1. Look at Building Permits

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Before & After Satellite Images of Major NYC Developments

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Our sister company, Point2Homes, has compiled a nifty collection of satellite images that reveal just how radically some major developments have changed a number of iconic NYC sites.

Initially featured as part of an exclusive story in the popular NYC publication Gothamist, these images show how growth and new developments have changed the scenery in the past 5 years. Look for The World Trade Center, Barclay’s Center, The Yankee Stadium, the (before-and-after-Sandy) Rockaway Beach, and a couple more in the latest Point2Homes blog post.

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NYC Unaffordability Map Puts Fast Gentrifying Areas in the Limelight

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Unaffordability Map Identifies Fast Gentrifying Neighborhoods

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One of the (very) early signs that new construction is about to start is that old buildings are being demolished. In New York City, the total number of demolition permits issued in all boroughs has been on an upward trend, although it’s a slow rise.

NYC Demolition Permits See a 5% Uptick

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Home Sales in the Bronx Down to a 5-Year Low

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Real estate in the Bronx might not be on every home buyer’s tour these days as closed sales in 2012 hit a 5-year low. 2,339 homes in this borough found a new owner last year, a 4% drop compared to both 2011 and  2009 and a larger drop compared to 2008 and 2010.

The median sale price was $288,990, inching up by only 1% year-over-year, but still down compared to 2009 ($296,976) and 2010 ($320,000).

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Chart of the week: Tallest NYC residential towers by borough

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NYC renters with “high aspirations” (literally!), we invite you to have a look at our chart of the week, featuring the tallest residential towers in each borough in NYC. Unfortunately, the limit is not really the sky, but somewhere around 870 feet or 76 floors high. In Manhattan, at least.

870 feet is how high NYC’s (and the world’s) tallest residential tower goes. 8 Spruce Street, the Manhattan tower designed by Frank Gehry, boasts 76 floors and 890 residential units to choose from. Just be reminded that the higher you want to go, the more money you’ll have to take out of your pockets for the view—at the end of last year, rents in Gehryland were going as high as $60,000/month.

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