City Island sees first large residential project in 15 years

The development will launch sales this fall

TRD New York /
Aug.August 16, 2014 05:00 PM

New developments are rarely proposed on City Island, a 230-acre island on the eastern edge of the Bronx, but the island is now set to receive a 43-unit condo building.

The project is the first large-scale residential development proposed on City Island in about 15 years, according to the New York Times.

Construction is already underway and sales are expected to launch this fall, according to Thomas Ryan, senior vice president of Greystone, the property development company.

The project will feature 21 two-family dwellings, as well as one single-family home and a clubhouse on five waterfront acres at 226 Fordham Place.

“Without doing any marketing whatsoever, just by putting up a construction fence and putting excavators out there, we’ve had a lot of interest,” Ryan said. “There seems to be high demand for what we’re doing.” [NYT] Christopher Cameron


Related Article

arrow_forward_ios

Aggressive iBuyer Opendoor acquires title and escrow company

Here are 5 takeaways from TRD’s deep dive into Eklund-Gomes’ national expansion

Nashville broker posts oral sex selfie alongside kitchen and pool listing pics

From left: Rory Golod, Robert Reffkin and 1328 Fulton Street (Credit: Google Maps)

Compass is growing rapidly in UWS and Brooklyn

Elevated risk: Malfunction at NYCHA is putting public housing residents at greater risk of being injured in its elevators

How do brokers get listings from the Department of Justice?

arrow_forward_ios