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Explore Pelham Bay Neighborhood in New York City

Real Estate New Developments

General Information

Pelham Bay is a vibrant neighborhood located in the northeastern section of the Bronx, New York. Known for its close proximity to Pelham Bay Park, one of the largest parks in New York City, the area offers residents a unique blend of urban convenience and natural beauty. Pelham Bay is an ideal location for outdoor enthusiasts, with the park providing access to hiking trails, sports facilities, playgrounds, and the scenic Orchard Beach along the Long Island Sound. The neighborhood has a mix of residential and commercial spaces, with tree-lined streets, local shops, and diverse dining options that cater to both families and individuals. Its location provides easy access to public transportation, including the 6 subway line, making it a desirable area for commuters who want a suburban feel while staying connected to the rest of New York City.

Real Estate Information

The real estate market in Pelham Bay consists of a variety of housing options, including single-family homes, multi-family homes, and some apartment buildings. The neighborhood is known for offering more affordable housing compared to Manhattan and other parts of the Bronx, making it attractive to both first-time homebuyers and renters. Many of the homes in Pelham Bay feature traditional architectural styles, with well-maintained brick homes and charming townhouses lining its residential streets. In recent years, Pelham Bay has seen a steady demand for real estate, especially as more buyers seek properties that offer more space and access to green areas like Pelham Bay Park. The area's real estate market provides options that cater to different budgets, which is part of the appeal for families looking for a suburban lifestyle within reach of the city.

Historical/Interesting Facts

Pelham Bay’s history dates back to the early days of New York City’s settlement, with its name derived from Pelham Manor, a historic estate that was part of the lands granted to Thomas Pell, an Englishman who purchased the area from the Native Americans in the 17th century. The neighborhood’s development accelerated in the late 19th and early 20th centuries, following the creation of Pelham Bay Park in 1888. The park’s establishment was part of a broader effort by the city to provide public green spaces for recreation, and it quickly became a central feature of the area. Throughout the 20th century, Pelham Bay saw further residential development, particularly with the expansion of middle-class housing in the post-World War II era. Today, the neighborhood maintains its historical connection to the surrounding parkland, offering a blend of residential charm and historical significance that continues to attract new generations of residents.

Properties Statistics

Total Properties

4

Median Asking

$208,375

Sale Price/ft²

$453.64

Average Home Size

138 ft²

Average Home Age

91 years

Based on results from 4 properties

Buildings in this Sector

FAQ about Pelham Bay