The Real Deal | July 13th, 2016
The latest batch of New York City market reports show the average New York City home price reached a record high in the second quarter, the South Bronx saw an 84 percent bump in real estate investment last year and rental rates were down for the third quarter in a row. Check out more in our roundup of the week’s real estate market reports.
South Bronx report: GFI Realty Services
Investors and developers pumped more than $1 billion into South Bronx real estate last year, an 84 percent increase from 2014. The area saw the addition of more than 3.6 million square feet in new development and over 3,000 new homes. Read the full report here.