Is the Bronx still on the rise?

From the April issue: The Bronx–and the South Bronx in particular–has spent the last couple of years poised to assume the title of the comeback kid of New York real estate. But all may not be completely rosy in the city’s northernmost borough. Despite gentrification, brokers say the rising specter of foreclosures, low returns on investment properties and slowing development in previously active areas like Riverdale pose challenges. “The Bronx is consistently seeing increases in property values, but that increase is much slower than in the [Manhattan] market,” said Adrian Thompkins of the Corcoran Group. The Real Deal spoke to Thompkins and other brokers entrenched in the borough to get their thoughts. more By Melissa Dehncke-McGill