A recent report by PropertyClub looked to see which are the top 50 most affordable streets and neighborhoods for home buyers and Parkchester in The Bronx, the world’s largest condominium development with over 12,000 apartments, dominated the top of both lists.
For those who don’t know the neighborhood, it is one of the most diverse communities in The Bronx and New York City with people from all walks of life living together.
Looking at sales from January through September 2019, PropertyClub identified Unionport Road, Metropolitan Oval, and Metropolitan Avenue in Parkchester as the most affordable streets not just in The Bronx but in New York City.
Parkchester once again topped the list, when looking at neighborhoods as a whole, with a median sales price of $180,000 spread across 233 sales during the same time period.
But with the coming new Metro North Station at Parkchester’s northern end which will provide direct access not just to Manhattan’s Penn Station but also Westchester, let’s see how long its relative affordability remains.
No other Bronx streets made the top 50 affordable streets in the city but several Bronx neighborhoods did and are as follows:
|Rank||Neighborhood||Median Sales Price|
|37||Mott Haven/Port Morris||$518,218|
It’s good to know that The Bronx is still relatively affordable.