Bronx New York

[Shad G.]

Hello community: A fellow member here from New York who is very interested in the Bronx market. I believe once the feeding frenzy is done with Brooklyn and Queens, Bronx will be next up if we're not already there.  

[Mike H.]

I am not sure if you all missed the publications in the Real Deal but I looked up the links for you all to read. You'll find this VERY informative. 

Also I wouldn't knock Brooklyn just yet. The amount of sales are up nearly 25% form last years 4th Quarter report from Miller Samuel, which states that a large contribution was from 1-3 family sales. Currently I am representing homebuyers looking to purchase a 1-3 family to live and rent out with a budget of $1.6M. I've been seeing a lot of 2-3 Family homes that are fix n flips and as the market shows they are selling like hot cakes. Keep in mind inventory is also down so its not like the sales are up because of a high inventory spike. With the Median sales price in BK setting historical records its an excellent time for investors. This means the public is comfortable living out in East Brooklyn. The demand is now here.

BRONX MARKET & COMPARISON CAP RATES http://therealdeal.com/issues_articles/the-bronx-f...

TRANSIT IN THE BRONX - DEVELOPERS TARGETING THE HIGHEST TRANSIT AREAS http://therealdeal.com/issues_articles/next-stop-t...

THE MOST ACTIVE DEVELOPERS IN THE BRONX http://therealdeal.com/issues_articles/the-bronx-h...

MARKET REPORTS http://www.elliman.com/reports-and-guides/reports/...

If anyone needs any real estate assistance don't hesitate to reach out. I have access to off-market inventory, contractors, architects and private lenders.