January 26, 2017
The Bronx will be the hottest of the five boroughs for real estate investment this year, according to two-thirds (66%) of 80 retail, office and multifamily experts surveyed by PropertyShark. Most precisely, these experts favor the South Bronx, and the Mott Haven neighborhood in particular.
“South Bronx developments, especially the residential projects along the water, will be a key driver to the expansion of the Bronx markets,” said Ben Nahmani, an investment sales associate for Berko & Associates, one of the experts surveyed by PropertyShark.
“The Bronx will continue to get stronger as rents keep increasing in the borough, and it will be least affected by the spike in interest rates,” said PropertyShark client Marc Glassman, partner with Bayrock Capital.
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