I don’t know much about The Bronx, but I do like what I’ve seen. Last year, a friend of mine bought an investment condo in Parkchester and dragged me there to show me his acquisition and to try to entice me into splitting another unit with him. I couldn’t afford it, but if I had a few dollars to scrape together, I just might have.
1 Bedrooms in the complex start at about $115k and 2 bedrooms are as low as $165k. Rents are approximately $900-$1300 and maintenance is a bit over $600 on the 2 BR units, under $500 for 1BRs.
Parkchester is a village unto itself, kinda like Starrett City, only cooler and less smelly. You’ve got your Starbucks, Macy’s, diners, dry cleaners, etc. It’s serviced by the 6 train, which will get you into midtown in about 40 minutes.
There’s nothing overly exciting about Parkchester, but it’s convenient, safe and clean, which makes it a good bang for the buck.
Wiki Parkchester
Parkchester.com
Parkchester Info
2003 Village Voice Article
3 Comments
almost makes me consider moving back to NY (from Maine). steep maintenance fees it seems. definitely hipper looking than starrett city and no landfill!
sounds pretty awesome. lots of great stuff going on in the bronx these days, lots of people with roots in the bronx are moving back in too, i hear. gotta keep the spirit alive!
I know Parkchester well and ReclaimedHome is right. It is an undiscovered gem. The maintenance is a little high, but it covers 24 hour security and maintenance. Also, Parchester has a 4-screen movie theater, Post Office, and a million shops. I’m sorry I left!