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Explore Belmont Neighborhood in New York City

Real Estate New Developments

General Information

Belmont is a vibrant and culturally rich neighborhood located in the Bronx, New York City. Known for its strong Italian-American heritage, the area has become synonymous with Little Italy of the Bronx, where a diverse mix of families and long-time residents creates a welcoming community atmosphere. Belmont offers a unique blend of residential spaces, commercial districts, and popular cultural spots. The neighborhood is particularly well-known for its proximity to the famous Arthur Avenue, often referred to as the "Real Little Italy," which is home to authentic Italian restaurants, markets, and bakeries. With its lively ambiance, historical charm, and tight-knit community, Belmont remains one of the Bronx's most iconic and sought-after neighborhoods for both residents and visitors.

Real Estate Information

Real estate in Belmont is primarily comprised of multifamily homes, apartment buildings, and row houses, with a variety of housing options available for renters and buyers. The neighborhood’s housing market tends to be more affordable compared to other parts of New York City, offering great value for families and first-time homebuyers. While the real estate market has remained relatively stable, the area is slowly experiencing revitalization efforts as demand for housing in the Bronx grows. The proximity to public transportation, including the 2 and 5 subway lines, makes Belmont an appealing location for commuters, as residents can easily access the rest of the city, including Manhattan. As the neighborhood continues to grow and modernize, Belmont is expected to see property values rise, especially in areas closer to Arthur Avenue and other key commercial hubs.

Historical/Interesting Facts

Belmont’s history traces back to the late 19th century when the area was primarily farmland and rural homes. It began to develop as an urban neighborhood in the early 1900s with the arrival of Italian immigrants, who brought their cultural traditions, architecture, and culinary influences to the area. By the 1920s, Belmont had earned its reputation as the Bronx’s Italian-American heart, with a robust Italian community centered around Arthur Avenue. The neighborhood saw significant development during the mid-20th century, including the construction of several apartment buildings and commercial spaces. Belmont’s cultural heritage is still very much alive today, with Arthur Avenue continuing to serve as a major hub for Italian food, festivals, and cultural events. The neighborhood’s legacy as a vibrant Italian-American community remains an important part of its identity, and it continues to attract new generations of residents while preserving its rich history.

Properties Statistics

Total Properties

4

Median Asking

$312,508.75

Average Home Age

119 years

Based on results from 4 properties

Buildings in this Sector

FAQ about Belmont