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25+ years experience · 1,000+ transactions · 5-star reviews
Bronx · New York, NY
1 active listings · Median $275K
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A primarily condo submarket with strong rent growth and rising sale prices.
Median asking rent in Parkchester is $2,400/month, $125 below the 5-year high set in May 2025. Rents are up +15.7% year over year and +58.5% over the past 5 years. Median sale price stands at $275K, 17.3% below the 5-year high recorded in Oct 2025. Sale prices are up +5.8% year over year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Nov 2025.
Parkchester is a Bronx neighborhood centered on one of the largest planned residential developments in the United States: the Parkchester complex of 171 brick apartment buildings set on landscaped grounds with internal streets, fountains, and retail space. The 6 train at Parkchester station provides...
Stations: Bus service available
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Based on active listings in Parkchester
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Properties in Parkchester
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 1/1/1970.
Experience across NYC
Transactions closed
Active in Bronx
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Parkchester buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
Bronx median prices rose 16.8% YoY to $730K. Riverdale, Mott Haven, and Parkchester offer the best value in NYC.
NYC cap rates range from 3.2% in Manhattan to 6.1% in the Bronx. Here's where the ROI numbers work for investors in 2026.
Bronx median prices rose 16.8% YoY to $730K. Riverdale, Mott Haven, and Parkchester offer the best value in NYC.
NYC cap rates range from 3.2% in Manhattan to 6.1% in the Bronx. Here's where the ROI numbers work for investors in 2026.
The median sale price in Parkchester is $275K. Condo sales make up the bulk of activity, with a median of $266K. Sale prices are up 5.8% year over year.
No. The median sale price in Parkchester is currently 17.3% below the 5-year high recorded in October 2025. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Parkchester is primarily a condo market, with the median sale price at $266K. Co-op inventory is limited.
Roughly 7 homes change hands each month in Parkchester across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Parkchester is $2,400/month. Rents are up 15.7% year over year.
Median asking rent in Parkchester is currently $125 below the 5-year high set in May 2025. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Parkchester has risen 58.5% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Parkchester, median sale prices range across Morris Park at $900K, Van Nest at $754K, Bronx at $680K, Westchester Village at $553K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Parkchester is served by the Bus service. The commute to Midtown Manhattan runs roughly 133 minutes from Nearest bus stop.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Parkchester, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: mcoste@kwnyc.com.
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Licensed Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Parkchester, I will guide you every step of the way.
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