Yorkville Neighborhood Makes A Comeback

By
Real Estate Agent with Halstead Property, LLC

For the last few years, the wonderful neighborhood of Yorkville has been an eyesore due to the Second Avenue subway construction. Now it’s making a great comeback!

With approximately 78,000 residents, Yorkville is one of Manhattan’s more modest little neighborhoods between 79th and 96th Streets from Third Avenue to the East River, boasting
Coops, new condos, high-rise rental complexes and walk-up apartments in former tenements.

Buyers and renters find Yorkville homes a great value with many more listings to choose from. While you’ll find more Coops in the area, there are still many condos and great rental buildings.

Yorkville’s prices have risen despite the Second Avenue subway construction and planned Marine Transfer station at 91st Street on the East River.

Studios range from $320,000 to $549,000; one-bedrooms from $600,000 to $1 million; two-bedrooms from $1.2 to $2 million; three-bedrooms from $2 million to $5.5 million; and apartments with four or more bedrooms, priced at over $5 million.

Some assume that Yorkville offers nothing of interest, but many really wonderful restaurants have opened in recent years. The neighborhood’s gem is picturesque Carl Schurz Park one of the city’s best-concealed secrets. It offers 15 acres with a riverfront promenade, two dog runs, playgrounds, basketball courts, roller hockey and a playground at the end of the park for kids of all ages. Nearby is Asphalt Green, a recreation center with an Olympic-size pool and John Jay Park, with 3.3 acres and an outdoor pool. Lovely little enclaves of shops can be found in Yorkville and its specialty food shops are tops in the city … not to mention Fairway Market on East 86th Street and Whole Foods opening on Third Avenue and 87th Street later this month.

Co-ops are more prevalent than condos, with studios generally ranging from $350,000 to $500,000; one-bedrooms from $600,000 to $1 million; two-bedrooms from $1.2 to $1.9 million; three-bedrooms from $2 million to $5 million; and apartments with four or more bedrooms, typically made by combining apartments, priced at over $5 million, said Andrea D’Amico, an associate broker with the Corcoran Group who has lived in Yorkville for 15 years.

The average price for condos is “generally 20 to 50 percent higher, depending on building age, amenities and unit condition with new construction being more expensive.

Yorkville also has great schools, both public and private.

Buses run crosstown and the M15 running up First Avenue and down Second. The M31 runs on York Avenue, and numerous buses run along Third Avenue.

Check out Yorkville’s comeback! You’ll be pleasantly surprised!

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