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MarketWatch: Weekly Real Estate Update for Riverdale, Bronx – 2/6/2023 – 2/13/2023

Let’s see what the market’s doing this week in the Riverdale area of the Bronx.

In the News

From the Bronx Times:

Office-to-residential conversion growing steam in NYC; 3 Bronx community boards join the ‘movement’

The city estimates office-to-residential conversions could create as many as 20,000 new homes for around 40,000 people over the next decade. Photo Mark Kauzlarich/Bloomberg via Getty Images

A push to convert vacant or unused commercial office space into residential housing is gaining rapid support, including from three Bronx community boards, and proponents of the plan hope it can lead to momentum that changes decades-old laws that restrict these conversions.

From the New York Times:

She Left New York for a New Life, and Then Found It in the Bronx

Judy Anderson is happy to be back in New York, running her own virtual bakery, and living in an apartment that she and her son, Vincent, both love.Credit…Andrea Mohin/The New York Times