Which neighborhoods in the Bronx were the most expensive in 2015? And where are the deals for buyers and investors in 2016?
Find out as we countdown the 10 priciest Bronx neighborhoods:
10. Castle Hill
Median Sale Price: $345,000
Castle Hill, in south-central Bronx, is home to the borough’s only YMCA, features a renovated greenspace with boat ramps and fishing, views over the water, and gave birth to Jennifer Lopez. Castle Hill real estate is made up of apartment buildings, small multifamily properties, row houses, and single-family residences.
Median Sale Price: $347,500
Riverdale is the top selling Bronx neighborhood, with 180 sales closed in 2015, more than double the number of sales of the next-placed neighborhood. This northwest Bronx community borders the Hudson River, and is known for being a leafy suburb which has been attracting Manhattanites seeking country estates for over 100 years.
8. Throggs Neck
Median Sale Price: $372,400
Throggs Neck is the second most popular real estate market in the Bronx, with sales activity only trumped by Riverdale. A total of 72 residential properties were sold in the neighborhood in 2015. Throggs Neck boasts a wealth of eateries, beaches, and both single-family homes and waterfront condos.
7. Pelham Bay
Median Sale Price: $375,000
This neighborhood is most famous for its expansive park, and for being home to the #1 PGA ranked and only 36-hole golf course in NYC. At almost 3,000 acres Pelham Bay Park is the largest public park in NYC, and more than 3 times larger than Central Park. Pelham Bay is a mid-range Bronx neighborhood well-known for its 2-story brick homes.
6. Van Nest
Median Sale Price: $377,500
Van Nest recorded just 8 sales in 2015 which is not that surprising given the small size of this neighborhood. In spite of its working class reputation the neighborhood continues to boast a wide variety of interesting architecture, ranging from Italianate to Art Deco.
5. Locust Point
Median Sale Price: $378,691
Once upon a time it was an island. Now Locust Point offers highly sought after single-family homes, and is home to the Locust Point Yacht Club.
4. Pelham Gardens
Median Sale Price: $414,000
Pelham Gardens is a leafy enclave that makes residents wonder why anyone would want to leave the Bronx. It is mostly dominated by brick single-family homes and some small multifamily properties.
3. City Island
Median Sale Price: $415,000
Home to four yacht clubs, a marina, a buffet of popular seafood restaurants, and a famous filming location, it’s a miracle this small island doesn’t have a far higher average home sale price. Check out historic Victorian architecture and new low rise condos.
2. Spencer Estates – Country Club
Median Sale Price: $427,000
Spencer Estates is surprisingly affordable for a waterfront paradise in NYC. Discover single-family homes, co-ops, and condos, just south of Pelham Bay Park.
1. Morris Park
Median Sale Price: $464,500
This is one of the most famous neighborhoods in the Bronx, known for the Columbus Day parade. The properties here are mostly single- and two-family homes, with a number of co-ops. Even though it’s the most expensive neighborhood in the Bronx, homes for sale in Morris Park in 2016 are still inexpensive compared to those in many central-located NYC neighborhoods. This could well ensure that Morris Park will be one of the busiest Bronx neighborhoods for real estate sales over the next months.
* The median sale prices were calculated based on residential property sales closed in 2015. The residential properties included in the stats are single-family homes, condos and coops.