HOUSING BLOCK

Bronx rent slides, Riverdale rises

Posted

The average monthly rental price for Bronx apartments dropped by nearly 2 percent in October compared to the month before, creating a market where a family may now typically pay a little more than $2,000 per month.

Studio rental pricing may have been the main driver of that decrease, according to MNS Real Estate, with rents diving 7 percent.

The average rental price for a one-bedroom unit slid a bit to $1,941, while two-bedroom units ticked up slightly to $2,453.

However, when compared to this time last year, the average rental price for all apartments shot up nearly 5 percent.

Studio pricing remained stable, according to MNS, while two-bedrooms jumped 8 percent.

Riverdale rents are mostly stable, pushing up slightly overall. Studio rentals increased by $19 to $1,750.

Two-bedrooms rose to just over $2,900, making them most expensive in the borough, according to MNS.

However, it was the average rental price for a one-bedroom that experienced the biggest increase, shooting up $29 to just over $2,150. 

Year-over-year, Riverdale apartments are up more than 6 percent in October, with two-bedrooms now costing an extra $105 per month, while one-bedrooms jumped nearly $175.

 

Residential real estate transactions

Some of the notable residential real estate transactions from city property records:

• 4926 Goodridge Ave. — Joshua Mandel to Stefanie Sandel for $3.1 million

• 3805 Orloff Ave. — Dart Westphal to Maaza Mengiste for $850,000

• 3031 Scenic Place — Pearl Tytell to 3031 Scenic LLC for $925,000

• 5623 Mosholu Ave. — Barbara Miller to Randy Bowen for $950,000

• 5 Ploughmans Bush — Miriam David to Jaclyn Blake for $1.295 million

• 443 W. 259th St. — Leonard B. Guttman to Jeremy Blanden for $880,000

Comments