EVERYTHING REAL ESTATE

Nov. 1, 2019

The Bronx Real Estate Market is Red Hot

Welcome to the Bronx 

Recent new construction projects are shattering the former stigmas of the most affordable borough in New York City, The Bronx. 

Beyond Manhattan

Excerpt from this week's edition of the New York Times (Real Estate Section)

Katherine Marks for The New York Times

Beyond Manhattan

Two-bedrooms need not be million-dollar investments in New York, especially outside of Manhattan. In the Kingsbridge Heights section of the Bronx, Daniel D’Amico of Damico Group Real Estate is listing an 878-square-foot, two-bedroom apartment in a 2006 condo for $349,000.

“What we’re seeing right now, in the Bronx at least, is the market is super hot,” Mr. D’Amico said. “If it’s priced right, it’s going to sell in the first week or so.” The apartment was listed in late September and already has an accepted offer, he said.

 

The Bronx is no longer to be ignored as a real estate powerhouse. The market in the Bronx is at an all-time high. "We've seen Single Family homes prices rise an additional 8.5% more than this time last year. Condominium sale prices are also up 12% over the past year". The Bronx is seeing a major influx of development as everyone is vying for a piece of the last affordable borough in the city.

Credit- The Team at:

Damico Group Real Estate 

347-773-2900

22 Second Street, Yonkers NY 10710

Ridge Hill Shopping Center

Posted in Market Updates
March 12, 2019

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Posted in Market Updates