Years of efforts by elected officials and community stakeholders to revitalize the business climate and housing prospects in the Kingsbridge section of the Bronx have now paid off.
The realty marketplace StreetEasy, which combines and publishes listings from hundreds of metro NYC brokers, today predicted Kingsbridge would be 2017’s hottest NYC neighborhood, stating that the neighborhood “long overshadowed by Riverdale,” its neighbor to the west, is where “apartment shoppers are expected to turn their attention in the coming year.” StreetEasy’s ranking of Kingsbridge as the hottest neighborhood in the five boroughs was based on a series of key performance indicators, including rising rentals and sales prices, population growth, and customer interest in listings in the area.
Council Member Andrew Cohen and Bronx Borough President Ruben Diaz, Jr. have long advanced business improvements to make the Kingsbridge-Broadway retail corridor more appealing. They convened a working group which studied local conditions and issued a report. In fall 2017, Council Member Cohen announced funding for aesthetic improvements to the streetscape, through two City Council initiatives.
The area has already attracted other large anchor retail stores, including BJ’s and Bob’s Discount Furniture, as well as desirable establishments like Starbucks, Blink Fitness, and Smashburger.
Council Member Cohen said: “It took years of hard work and collaboration by elected officials and community organizations to spur the development of Kingsbridge/Broadway as a destination for shoppers. Now, the interest of New Yorkers seeking to buy or rent real estate here has taken off, as well. Kingsbridge has great transportation options and proximity to Manhattan, as well as numerous Bronx cultural and recreational sites. It is fantastic for the area to receive this recognition from StreetEasy.”
“Kingsbridge is an amazing neighborhood, and has seen considerable interest from developers of all types in recent years. It is no surprise that Kingsbridge is being recognized as possibly the hottest neighborhood in New York City,” said Bronx Borough President Ruben Diaz, Jr. “My office will continue to work with local stakeholders to bring new resources to this burgeoning Bronx neighborhood.”