For buyers looking for a condo in the Melrose section of the Bronx, The Aurora, built in 2008, is one of the few options. The 92-unit, eight-story building is located north of the neighborhood’s bustling area known as “The Hub” and is a 10-minute bus ride to Yankee Stadium in Concourse.
The condo offers relative affordability, and according to the NYU Furman Center for Real Estate and Urban Policy, prices of residential properties have increased 92 percent in Mott Haven-Melrose since 2009.
Brown Harris Stevens agent Deborah Miller, who has worked in the Bronx for over 10 years, sees it as an area where first-time buyers can gain a foothold in the competitive New York City real estate market. “It’s the build-equity borough,” she says. “Value: This is really a neighborhood that speaks to that.”
One- and two-bedrooms, some with private outdoor spaces
Homes in the Aurora include one- and two-bedrooms. One-bedrooms up to 688 square feet list for $260,000 and higher, and prices for two-bedrooms measuring 900 square feet or more start at $369,000.
Apartments feature an open living and dining area, with many including a kitchen island. Homes have hardwood floors and high ceilings, and kitchens have granite countertops and dishwashers. Some units are equipped with washer/dryer hookups. Many homes offer oversized bedrooms. Closets are spacious, and some units include walk-in closets. Homes feature through-the-wall air-conditioning and heating units. Select units offer outdoor spaces, including terraces, which can be quite large, and balconies.
Intercom entrance, landscaped courtyard, gym and parking
The Aurora has a video intercom system and a live-in super. Amenities include an outdoor landscaped patio, a windowed gym, a recreation room that can be rented for parties and events and a shared laundry room. The building has a bike room, storage facilities and parking. Pets are permitted, and a 421a tax abatement is in place until 2034. A Mexican restaurant, furniture store and medical office are ground-floor tenants.
Near shopping, small parks and the neighborhood center
The condo is in a lively area with similar newer mid-rise buildings. Third Avenue to the south is home to many businesses, including Foodtown of Third Avenue and ALDI. The 42nd Precinct of the New York City Police Department is across the Street. The busy center of Melrose, The Hub, is about a 15-minute walk from the building. Nearby green spaces include Flynn Park and Yolanda Garcia Park, which hosts community events and has a playground, splash pad and exercise equipment.
The CAP Index score for Melrose is 6/10, higher than the national average of 4. Melrose also has significantly higher rates of violent crime than the national average. Air quality is also an issue in the area, and there are ongoing initiatives to improve environmental factors.
Two subway trains nearby, Metro-North and close to LaGuardia Airport
For public transportation, the 2 and 5 trains stop at 3rd Ave. - 149th Street, which is about a 12-minute walk from the condo. The Metro-North Harlem line can be caught at the Melrose station, which can be reached in about 10 minutes on foot, and the travel time to Midtown Manhattan is around 30 minutes. Buses can be caught along 161st Street to connect to the 4 train at 161st Street-Yankee Stadium. Third Avenue provides easy access to major highways, including FDR Drive and Interstate 87, and Interstate 278 is a short drive to the east. LaGuardia Airport can be reached in about 20 minutes by car.
Collateral AnalyticsCollateral Analytics
Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.
Black Knight®Black Knight
Black Knight’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
First AmericanFirst American
First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.
Quantarium
Current List Price
Sold Price
Area Factors
Moderate Crime
Crime Score®
6/ 10
Bikeable
Bike Score®
69/ 100
Walker's Paradise
Walk Score®
92/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Flynn Playground
2 min walk
Playground
Railroad Park
6 min walk
Trails
Playground
Melrose Playground
8 min walk
Playground
Waterpark
Morgan Playground
15 min walk
Basketball
Playground
Basil Behagen Playground
15 min walk
Basketball
Bike Trails
Picnic Area
McKinley Square Park
4 min drive
Playground
Joyce Kilmer Park
4 min drive
Playground
St Mary's Park
4 min drive
Baseball/Softball
Basketball
Bike Trails
Bill Rainey Park
4 min drive
Baseball/Softball
Football
Multi-Purpose Field
Schools
Source:
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
Disclaimer: Please note that this building may not be in these schools' attendance zones.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.
