News: Brokerage

The Bronx Beat: Riverdale Avenue rocks giving the high five to little shops around the corner

Fieldston Road - The Hip, Hop, Hooray Activity Center at the Crossroads of NoMa. Without debate, traveling up from the Kingsbridge valley on Riverdale Ave.'s roller coaster ride, passing the dividing fieldstone wall to the exclusive neighborhoods of Riverdale you'll be greeted by a breath of fresh air, an open space, before reaching the crossroads of Riverdale Avenue market set-point starting at Palombo's Italian Bakery and Café which features panoramic views from their duplex lounge. No esoteric hoopla in NoMa (Not Manhattan it's North of Manhattan) so here it goes... The central Riverdale Ave. business area is the heart and main street of the can-do American spirit, it's the mom and pop owned and operated family business at its best! No, it's not a Norman Rockwell picture but - nowhere else will you find a more diverse offering of retail shopping than on this uphill curving tree lined street set with planters, choice of outside dining and easy seating park benches. No nation-wide franchise here, just the real thing. Must read! For a long time there was an un-seen, forgotten flip-side, just a shadow of Riverdale Ave., a secret hide-a-way that has unfolded new this spring. Yes, Fieldston Rd. the once quiet, little "back" street, it being only a short one block has become the new hot happening place to be. Coming of age with the mind- body connection you'll find that Fieldston Rd. has blossomed into being the health, fitness, beauty and children friendly activity center of the NoMa. Go to Riverdale Karate Kenshikai for martial arts instruction starting at age 4 up to 16... Get your spa treatments at Nails on Riverdale offering not only the basic mani-pedi but has now involved into a full service luxury body spa. Need of a kids play-time space? Go to Kidaroo - a space for children ages 0-10 for creative play, enrichment classes, after school programs, birthday parties and starting this July half day summer camp, fun! And the newest wellness center is - Riverdale Midtown Physical Therapy, a feel-good studio which features two private therapy rooms. Per the therapist partners, Julie Sherry P.T., CYI and Rachel Williams M.S.P.T., they have been practicing outpatient physical therapy for over 10 years in Manhattan. After seeing the need for quality, individualized care in their home town, they decided to relocate their Midtown Physical Therapy to Riverdale and provide Riveralians with Manhattan standards of care in their own community. Conditions treated are all disorders of the musculoskeletal system and they accept all insurances and are an in-network Medicare provider. Hooray! And for roof top al fresco Kosher dining from breakfast to dinner and dessert overlooking the quiet bus free Fieldston Road is now being offered by both The Corner Café Restaurant and Bakery and Pizza Plus whose entrance is on Riverdale Avenue. Check-it-out and give the high five to crossroads of NoMa - It's awesome! Susan Seidner Chasky, ABR, GRI, SRES, is an associate broker at Exclusive Properties Sotheby's International Realty, Riverdale, N.Y.
MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced