$423,949Average Value$460Average Price per Sq Ft4Homes For Sale
An area of community and lower-priced homes
Undeniably dense and urban, South Bronx’s Melrose neighborhood has a long history of community activism centered around sustainable housing and social justice, with Grassroots organizations such as We Stay / Nos Quedamos partnering with civic and private programs on urban renewal. Such efforts have paid off. Melrose now counts more LEED-certified buildings than anywhere in the whole borough, plus a number of new, amenity-rich, affordable rental buildings, like the 496-unit La Central. Brown Harris Stevens agent Deborah Miller, who has worked in the Bronx for over 10 years, sees Melrose as an area that offers an enviable commute and easy access to places like Laguardia Airport, Yankee Stadium, Lincoln Medical Center and Hunts Point Produce Market. And it also gives buyers the opportunity to get a foothold in the New York City market. “It’s the build-equity borough,” she says. “Value: This is really a neighborhood that speaks to that.”
E 149th and 3rd Ave runs right through the middle of the Melrose neighborhood.
Lincoln Medical Center service the local communities in Melrose.
1/2
Green buildings, income-restricted co-ops and townhouses
Buyers will find condominiums and co-ops in Tudor-inspired multifamily and modern midrise buildings. There are also many income-restricted co-ops, such as those in the LEED Gold-certified mixed-use Via Verde, where units list for about $250,000 to $400,000. One- to three-bedroom condominiums in the area ask in the range of $250,000 to $375,000. Attached and semi-detached homes are priced from $775,000 to $1.5 million. Homeowners are in the minority here, with renters making up 89% of residents in Melrose.
Many of the new complexes in the Melrose community are LEED-certified housing.
The Melrose community has many different types and sizes of homes to choose from.
1/2
Quick commutes by rail, train or car
Miller names fast and easy access to Manhattan and other points uptown as part of Melrose’s appeal. “Find me a better-priced neighborhood where you can get to Midtown Manhattan in 20 minutes,” she says, citing the travel time via the Metro-North, which can be caught at the Melrose station on Park Avenue. In addition, 2 and 5 express trains service the neighborhood, as do several bus lines. It's less than 8 miles to LaGuardia Airport via Interstate-278 and I-87 is also nearby.
Transportation is easy in Melrose. The 2 and the 5 trains run through the neighborhood.
Residents of the Melrose community has access to many different forms of public transportation.
1/2
Parks, libraries and cultural attractions
Yolanda Garcia Park includes playscapes for children of all ages, a splash pad, fitness equipment and an open lawn. To the south in Mott Haven, St. Mary’s Park offers a baseball diamond, basketball courts, running track and open green space. The park’s active recreation center, currently undergoing a more than $8 million renovation, includes a swimming pool and offers a variety of classes. The area’s Woodstock Library recently opened a Teen Center, and a significant renovation of 107-year-old Melrose Library is expected to be completed in 2024. The neighborhood’s Bronx Documentary Center exhibits works dedicated to social change and community building. Additional cultural institutions nearby include the Bronx Museum of the Arts and Yankee Stadium, both to the west in neighboring Concourse. The Hip Hop Museum is slated to open in Concourse in 2025.
Locals of the Melrose community enjoying a game of basketball at St Mary's Park.
Residents of the Melrose community enjoying a beautiful day at Yolanda Garcia Park.
1/2
Bilingual elementary and college credit
The pre-kindergarten through fifth grade P.S. 25 Bilingual School emphasizes science and hands-on learning and is rated C by Niche. Hostos-Lincoln Academy of Science, also a public school, enrolls students in Grades 6 to 12 and offers free college courses to students. Niche gives it a B rating.
P.S. 25 Bilingual School is a high-achieving elementary school offering bilingual education.
Hostos-Lincoln Academy of Science is an “Early College School” in Melrose.
1/2
A hub of activity and international eats
Melrose Avenue is a main corridor for shopping and dining. Xochimilco Family Restaurant is a popular spot for Mexican food. El Salvadoreño serves affordable Salvadoran fare. This commercial strip offers several grocery stores including a Key Food and there is an Aldi nearby on Third Avenue. The intersection of 149th Street and Melrose, Third and Willis Avenues is known as The Hub, named for the area’s cultural, commercial and civic activity in the early 20th century. It remains a busy commercial zone with shops including a Cookies department store, 99 cent pizza shops and a Krispy Kreme.
Residents of the Melrose community visiting the many shops and restaurants in the neighborhood.
Food options are plentiful in Melrose with delicious cuisines of all cultures.
1/2
Important to know
Air quality and associated health issues such as asthma are a concern in Melrose and the South Bronx overall. Efforts to reduce air pollution include a $1.7 billion project to divert truck traffic from the area. Crime also remains an issue: The CAP Index score for Melrose is 6/10, higher than the national average of 4. Melrose also has rates of violent crime that are significantly higher than the national average.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
On average, homes in Melrose, Bronx sell after 12 days on the market compared to the national average of 52 days. The median sale price for homes in Melrose, Bronx over the last 12 months is $380,000, up 3% from the median home sale price over the previous 12 months.
Three family-friendly investment property located in the heart of the Bronx. The first two units have two bedrooms and a full bathroom, as well as an eat-in kitchen. The top-floor unit is spacious and features three bedrooms, a full bathroom, an eat-in kitchen, and a living room. The property boasts a spacious level backyard. All tenants are currently on month-to-month leases. Low taxes!
3-Family Opportunity with Parking and Backyard (Home Business Potential) Located on an oversized, irregular lot in one of the Bronx’s most rapidly developing neighborhoods, this fully legal three-family residence offering exceptional versatility for investors, homeowners, and professionals alike. Whether you’re seeking an owner-occupied investor home with strong rental income or a home base for
Modern 2-bedroom, 1-bath condo located in The Aurora, one of the most sought-after mid-rise buildings in the Bronx. This move-in ready unit features hardwood floors throughout, a spacious open-concept living and dining area, and a private balcony perfect for morning coffee. The kitchen offers generous cabinet and counter space, while both bedrooms are well-sized with ample closet space. Building
This is a rare opportunity to rent a beautifully renovated 4-bedroom apartment nestled on the top floor of a classic walk-up building. Drenched in natural sunlight, this spacious home offers the perfect blend of modern updates and timeless charm.Featuring brand new stainless steel appliances, fresh finishes, and generous living space, this apartment is ideal for those seeking comfort,
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
