As the third part of a four-part series on the real estate market in The Bronx’s Riverdale, The Riverdale Press began with the success story of the most expensive co-op sold in the community to date.
"From 2003 to 2008, the most expensive co-ops in Riverdale rose in price each year, jumping 167 percent. Even the least expensive homes rose from $90,000 in 2005 to $530,000 in 2007."
Seller Albert Cruz said of his four-bedroom Penthouse “because of the outrageous prices in Manhattan, Riverdale gives you a much better bang for your buck.”
After the jump is the March 13, 2008 article that was based on a Microsoft Excel analysis of real estate statistics published in The Riverdale Press between 2000 and 2008.