From left: 4941 Arlington Avenue, 5000 Iselin Avenue and 421 West 250th Street in Riverdale While the New York City luxury real estate market has long bounced back since the recession, one high-end corner of the Bronx still lags behind. From 2009 to 2013, properties priced at and above $1 million in the western Bronx neighborhood of Riverdale saw 30 percent fewer sales than they enjoyed before the market bottomed out in 2008, according to New York City Department of Finance data cited by the New York Observer. Currently, at least several dozen listings of homes in that price range have sat…
Languishing Listings: It seems that no one wants…
It seems that no one wants to move to fancy-schmancy Bronx neighborhoods like Riverdale and Fieldston. We’ve seen more than a few multi-million dollar mansions in those areas hit the market, but many of these languish on the market for six months of more. The Manhattan market is booming, but the Riverdale area has seen 30 percent less sales from 2009 to 2013 than it saw in the five years prior. NYO