The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: People
For many reasons, Riverdale Ave / Greystone Ave is rated by NeighborhoodScout
as one of the top 0.1% of ideal neighborhoods for first-time
home buyers in the state of New York. Homes here are priced below
median housing values in the state, yet the neighborhood has a track
record according to NeighborhoodScout's exclusive neighborhood home
appreciation rates of above average real estate appreciation over the
last five years compared to other NY neighborhoods, protecting
your investment in your first home, while simultaneously making it
less risky for your lender. Not only does this neighborhood stand out
for combining price and home value stability or increases, it also is
a neighborhood with a high quality resident population according exclusive
data, meaning this is likely a good place to buy, live, and enjoy. While
many first time home buyers focus purely on low cost and convenient location,
which can risk your investment in your first home and put you in a less
than desirable neighborhood, this neighborhood is a true standout for
a lot of reasons, and definitely worth a look if you are a first time home buyer.
In addition to being an excellent choice for first-time home buyers, this
neighborhood is also a very good choice for urban sophisticates and highly educated executives.
Notable & Unique: Diversity
Did you know that the Riverdale Ave / Greystone Ave neighborhood has more
Eastern European and Jamaican ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 4.6% of
this neighborhood's residents have Eastern European ancestry and 6.2% have Jamaican ancestry.
Riverdale Ave / Greystone Ave is also pretty special linguistically. Significantly, 1.6% of its residents five years old and above primarily
speak Hebrew at home. While this may seem like a small percentage, it is higher
than 98.9% of the neighborhoods in America.
Notable & Unique: Modes of Transportation
In the Riverdale Ave / Greystone Ave neighborhood, 1.0% of people ride
a ferry to work each day. This is a very high percentage compared to most places.
In fact, NeighborhoodScout's analysis reveals that this is a higher level of ferry
ridership than in 99.2% of the neighborhoods in America.
Also, in the Riverdale Ave / Greystone Ave neighborhood, 49.0% of people
ride the train to work each day. This is a very high percentage compared
to most places. In fact, NeighborhoodScout's analysis reveals that this
is a higher level of train ridership than in 98.7% of the
neighborhoods in America.
Notable & Unique: Real Estate
The Riverdale Ave / Greystone Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 47,133 persons per square mile in the neighborhood, it is more packed with people than 98.4% of the nation's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Riverdale Ave / Greystone Ave neighborhood is one of the most walkable neighborhoods in America.
In addition, one of the really unique and interesting things about the look and setting of the Riverdale Ave / Greystone Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 87.1% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.2% of all neighborhoods in America.
Furthermore, the Riverdale Ave / Greystone Ave neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 83.3% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Notable & Unique: Car Ownership
Most American households own a car or other vehicle. Many own two cars
or perhaps three. In the United States, it is useful to have an automobile
not only for commuting, but also for shopping and getting to other services
one needs. But NeighborhoodScout's analysis revealed that households in
the Riverdale Ave / Greystone Ave neighborhood have a highly unusual car ownership.
26.0% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
96.0% of U.S. neighborhoods.