Despite many New York City boroughs and zip codes experiencing a drop in median sales price, the top four most expensive in The Bronx all showed an increase year over year for the first half of 2020 and it seemed the Covid-19 pandemic hasn’t impacted Bronx real estate at least for now.
Pretty much as expected, 10471 which covers most of Riverdale, including Fieldston, was the most expensive zip code in the borough with a median sales price of just shy of $1 million at $999,000 and placing 39th of the top 100 zip codes in New York City up 16 places from last yea
With the rapid gentrification with thousands of luxury residential units under construction, and close proximity to Manhattan it’s only a matter of time that this zip code reaches the top spot in The Bronx.
Meanwhile, up in the Northeast Bronx is 10475 which covers all of Co-op City and a few parts of Eastchester and Edenwald at third place in The Bronx. Median sales price during the first half the year here hit $735,000 propelling it by 65 places to number 88 on this list—the biggest jump on the list.
Finally, coming in at fourth place in The Bronx on the top 100 most expensive zip codes list is 10461 covering Morris Park, Indian Village, Pelham Parkway South, Westchester Square, Pelham Bay, and Schuylerville with a median sales price of $690,000. This places the zip code at 99th place, up 24 places from last year.
Property values in 10461 may continue to rise after the Morris Park Metro North Station is completed and same with 10475 which will be getting one in Co-op City too.
According to Amast who ran the study, only residential properties like condos, co-ops, single, and two family home sales that closed between January 2020 and June 2020 were considered for this report.
You can check out the entire list and report here.