Why Live in Parkchester
Parkchester in the East Bronx is a neighborhood known for its diverse immigrant communities and long-term residents. The area is dominated by the Parkchester residential buildings, originally built by MetLife in 1938, which include both rental units and condominiums managed by Parkchester North and South. The Metropolitan Oval, at the center of these complexes, features various restaurants and retailers, including Macy’s, Starbucks, and Hook & Reel. The neighborhood is home to around 50,000 residents living in 171 large brick buildings adorned with terracotta statues. Housing options include two and three-family brick homes, brick colonial rowhouses, and co-op buildings, with single-family homes being rare. Dining options are diverse, with Dominican fare at Ajo y Oregano, kosher bagels at Zaro’s Family Bakery, and biryani dishes at Khalil Biryani House in Bangla Bazaar. Grocery stores like Key Food, Foodtown, and CTown serve the community. Green spaces include Bronx Unionport Parkchester Park with its large fountain and Oval Park, known for its annual Christmas display. Caserta Playground offers basketball courts and play structures. The Bronx Zoo is about a mile and a half north. The neighborhood has a dedicated police department, and crime rates are comparable to the national average. The 6 train provides access to Manhattan, and buses run to Midtown. The Cross Bronx Expressway facilitates driving through the Bronx and Upper Manhattan. Renovations are ongoing at the Parkchester subway station, and plans are in place to expand Metro-North service with a new Parkchester/Van Nest stop.
Home Trends in Parkchester, NY
On average, homes in Parkchester, Bronx sell after 61 days on the market compared to the national average of 51 days. The median sale price for homes in Parkchester, Bronx over the last 12 months is $235,000, up 11% from the median home sale price over the previous 12 months.
Median Sale Price
$235,000
Median Single Family Sale Price
$149,500
Median Townhouse Sale Price
$712,999
Median 2 Bedroom Sale Price
$275,000
Median 1 Bedroom Sale Price
$220,000
Average Price Per Sq Ft
$332
Number of Homes for Sale
30
Last 12 months Home Sales
124
Median List Price
$248,437
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
11%