Real Estate Investor · New York City, NY · Member since 2014 · 21 posts · 5 votes
I am looking at residential real estate in the Bronx. Ideally 3 plus multi-family units or small apartment blocks.
Can anyone recommend areas which they believe have the most short to medium term potential for rental growth and capital appreciation. In other words, areas that are expected to be "up and coming".
My wife and I have been scanning the area, and just put in an offer on a place in the Longwood neighborhood.
I would suggest looking anywhere in the South Bronx going up the east side.
Mott Haven (Probably the most 'Up & Coming')
Throggs Neck
Cypress
Longwood
Those are the places I would check out. Grand Concourse has great train access, but lacks some of the neighborhood feel that you get in these other areas. Either way, the Bronx is the place to look.