


Rent is up in the boogie down.
New York’s only non-island borough has never had a nabe rank among the city’s priciest — until now.
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In a dubious historical moment for The Bronx — known for burning, being home to Yankee Stadium and, until recently, some of NYC’s final shards of relatively affordable homes — real-estate data provider PropertyShark has included one of its neighborhoods in its most recent ranking of the Big Apple’s most expensive areas.
Fieldston, a private, historically designated community within affluent Riverdale, is located on the last gasp of land before The Bronx formally gives way to the Westchester suburbs.
Recently, Fieldston homeowners have watched their median property value surge 149% year-over-year, an anomaly as the city’s overall median sale price trended down (by $58,000 year-over-year), PropertyShark noted in its new report based on 2023’s first quarter. Specifically, median home sale prices in Fieldston soared from $338,000 in the first quarter of 2022 to a whopping $840,000 in the same time frame this year.
“With that surge, Fieldston (and The Bronx) claimed the sharpest price increase among the city’s leading neighborhoods,” the report noted.
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Fieldston is “in the city yet not of it,” the New York Herald noted in 1922 of the community, which was developed in the early 20th century and today counts some 257 structures within its 140 acres, according to Brownstoner. Overall, however, The Bronx’s rate of homeownership is a low 20%.
The Bronx wasn’t the only outer borough to have a significant first this quarter: Vinegar Hill ranked third most expensive neighborhood in the city, the first Brooklyn nabe to make the top three.
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To earn the silver, it beat out Soho, which had a $2.2 million median sale price compared to Vinegar Hill’s $2.6 million.
In first place came Hudson Yards, with an eye-watering $5.72 million median sale price — and in second came Tribeca, with $3.5 million.