PORT MORRIS | THE MOST ACTIVE NEIGHBORHOOD
In January, The Bronx market saw a total dollar volume of $78,347,500, which is an almost 50% decrease compared to the $158,202,005 recorded in December, with 14 sales and 17 properties across the borough.
Development sites that qualify for the 421a tax abatement are in high demand with 84 W 174th Street in Morris Heights selling for $2,400,000.
In January, the most active property type was multifamily averaging $256 per square foot, and the most popular neighborhood was Port Morris.
The most notable sale in January was a multifamily portfolio; 1695 Grand Avenue, 44 and 47 W 175th Street purchased for $26,500,000 by Camber Property Group.