$593,987Average Value$829Average Price per Sq Ft2Homes For Sale
The largest affordable housing cooperative in the world
Co-Op City is the largest cooperative housing community in the world, consisting of affordable, limited-equity apartments priced well below market rate with plenty of on-site amenities and green space. This unique Bronx neighborhood, commonly referred to as a ‘city within a city,’ was completed in 1973 as part of the Mitchell-Lama program and has over 15,000 residential units. There are income restrictions, both minimums and maximums to qualify for a residence. Unlike other co-ops in the city—in which buyers own their unit, but are subject to co-op board rules—Co-Op City functions a bit differently: “The difference with Co-op City is you don’t own your individual apartment, you own a piece of the co-op as a whole. As a result, you don’t have the right to just say ‘Hey I’m going to sell my apartment on the open market or to a family member,’” says Annemarie Sammartino, author of “Freedomland: Co-Op City and the Story of New York” and a professor of History at Oberlin College. Residents pay an initial equity deposit and then pay a carrying charge each month, which is determined by the number of rooms and includes the maintenance, heat and hot water. “It has a different feel than most parts of the city. The structure of it makes it impervious to gentrification, which is both the good and the bad thing about it—it can't change over with the same speed that other neighborhoods do,” she says.
High-rise condos make up the majority of living space in Co-Op City.
Lush green space and walkways exist amongst the buildings in Co-Op City.
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35 high-rise buildings and seven townhouse clusters
“The vast majority of co-ops are in high-rise buildings, and a small number are in these low-rise townhouses, which are part of the development,” says Sammartino. Sizes run between three to six and a half rooms, or between one and three bedrooms, each at different price points and income requirements for each household. For instance, a one-bedroom apartment currently has a $751.00 monthly carrying charge and residents must make between $26,778.00 and $72,264 annually to qualify. The maximum monthly carrying charge is currently $1,618.00 for a three-bedroom. “When you want to apply, there’s a sales office and an online application. You have to submit tax records and pay stubs, go through credit checks. It’s more like qualifying for a mortgage. If you qualify, then you get on the waitlist,” adds Sammartino, who also grew up in Co-Op City. “Every year, residents have to fill out an income affidavit, which is basically a form where you list everyone who lives there and submit their tax returns, too, to make sure people qualify. If you earn more, there’s a surcharge,” Sammartino explains. Each unit has a foyer, kitchen, living room, bathroom and at least one bedroom, while some have dining rooms and balconies. There are also 236 townhouses in Co-Op City, some of which are two-floor duplexes with terraces. The waitlist is currently three to five years, although some residences with balconies have a wait time of five to seven years.
The Hutchinson River intersects Co-Op City and offers wonderful views.
Townhouses in Co-Op City offer a small neighborhood feel in the big city.
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Plenty of on-site amenities, including grocery stores
Part of the beauty of living in Co-Op City is the amount of on-site amenities available to residents: “You don’t need to leave Co-Op city for the vast majority of your needs, if you don’t want to,” Sammartino says. “There are multiple grocery stores, a movie theater, a lot of restaurants, all sorts of doctors offices—it’s a lot of older people so you have all sorts of services specifically geared towards the elderly, too.” Bay Plaza Mall is also within the community and has expanded to include over 150 stores since it was built in the 1980s. “It’s a shopping hub of the East Bronx to the point where during the holidays there are huge traffic jams after having shopped there,” she says. Residents can pick-up groceries at one of two Food Universe Marketplaces or the New Family Grocery And General Merchandise, all of which are on-site.
Fresh produce is abundant in the local Food Universe Marketplace in Co-Op City.
Tucked away along the sidewalks of Co-Op City is the River Run Garden.
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The Greenway and community gardens
Neighbors gather and swap gardening tips among the Rivers Run Community Garden beds while harvesting fruits and vegetables. The garden, off Co-Op Boulevard, also hosts art shows, musical performances and painting sessions. The Greenway, located in the superblock that connects all the residential buildings, has walking paths and a couple of baseball fields and basketball courts. On the northern side of the neighborhood, plans are also in place to construct a new walking path in Givans Creek Woods, with an expected completion date of July 2025.
A bike ride on a sunny day in Co-Op City is always popular.
Along Co-Op City Boulevard you'll find local gardens and delicate signs of town pride.
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Weekly and seasonal community events
“Every week, the community newspaper is published and there are always listings in there with a million different events. If you’re the kind of person who wants to square dance with your neighbor, Co-Op City has a way to do it,” Sammartino says. Each June, the Annual Co-op City Community Fair and Caribbean Heritage Month Celebration is held on the neighborhood's Greenway. The event brings in vendors, food and entertainment for the whole community.
An on-site educational park with several schools
Several schools sit on the 25-acre educational park, including Harry S. Truman High School, which earns a B-minus rating from Niche and has a diverse dance, computer science, digital media and culinary arts programming. There’s also the A-minus-rated P.S. 153 Helen Keller and B-minus-rated P.S. 160 The Walt Disney Magnet STEAM School, both serving elementary students, as well as the A-minus-rated I.S. 181 Pablo Casals for grades 6 through 8.
Co-Op City Greenway is a park with plenty of greenspace for humans and wildlife to enjoy.
Harry S Truman High School in Co-Op City is a New York City empowerment school.
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MTA buses are always available to residents of Co-Op City.
Locals can access MTA buses
Several buses service the area, including Bx25, Bx30 and Bx38 along Baychester Avenue and the Co-Op City Blvd/Bellamy Loop North. Residents can also access the 5 train at Baychester Avenue, but it’s approximately 1.8 miles away. “You can theoretically walk to the 5 but it’s not easy,” Sammartino says.
Important to Know
Given the waitlist for Co-Op City, prospective residents can expect to wait several years before getting an apartment. “Co-Op City tends to have people in there that don’t mind being on a waitlist for years,” Sammartino says. “There are young families, but it’s not really a neighborhood that attracts young professionals who just want to be in the city. But Co-Op City has been known as the largest, naturally-occurring retirement community in the United States. It’s a good place to age in place.” Unlike other co-ops, where a unit can be passed down to family members, succession rights can be a bit tricky, since residents have to submit prior proof of residency and also go through an application process.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Debby Klein,
an experienced agent in this neighborhood.
Parks in this Area
Angelo Campanaro Playground
Basketball
Soccer
Pickleball
Pelham Bay Park
Baseball/Softball
Basketball
Golf
Seton Falls Park
Haffen Park
Baseball/Softball
Basketball
Picnic Area
Burns Playground
Basketball
Tennis
Pickleball
Transit
Airport
Laguardia
22 min drive
Bus
Palmer Av & Hutchinson Rvr Py E
Bus
Co-Op City Bl & Carver Loop #1
Bus
Einstein Loop & Elgar Pl
Bus
Earhart La & Erskine Pl
Bus
Co-Op City Bl & Bellamy Loop S
Bus
Baychester Av & Darrow Pl
Bus
Baychester Av & 750 Baychester Av
Reviews
Niche Reviews
3.530 Reviews
4.0Current Resident
7/30/2019Niche Review
Co-op-City is a very clean and beautiful neighborhood. There are many clothes and food stores, including a nearby mall. Traveling by bus is the recommended way to get to the train stations. Takes a while to travel from Co-op-City to parts of Manhattan.
4.0Current Resident
10/1/2021Niche Review
I've lived here my entire life and it's probably the best area to live in the Bronx other than Riverdale. There isn't much (visible) crime and the grounds are typically well kept. I just wish that we had healthier food options available like a Playa Bowl, or Salad Works because there's way too much fast food.
4.0Niche User
5/19/2016Niche Review
It's a good area to live in. You pretty much have everything here schools, parks, many businesses, movie theater and different shopping center. Its a really nice community.
4.0Current Resident
3/25/2022Niche Review
Great community, has everything in easy reach like a mall, 3 shopping areas, buses that go in and out and schools.
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Crime and Safety
1 - Low Crime, 10 - High Crime
Co-op City
US
Homicide
5
4
Sexual Assault
5
4
Assault with Weapon
5
4
Robbery
6
4
Burglary
1
4
Motor Vehicle Theft
1
4
Larceny
2
4
Crime Score
4
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Co-op City, Bronx sell after 20 days on the market compared to the national average of 47 days. The average sale price for homes in Co-op City, Bronx over the last 12 months is $555,000, up 26% from the average home sale price over the previous 12 months.
Welcome to this spacious and affordable 2-bedroom, 1-bathroom property located in the heart of Co-op City, Bronx, NY. Co-op City is a vibrant and self-sustaining community offering a wide range of amenities, including nearby schools, supermarkets, banks, restaurants, playgrounds, shopping centers, and community centers within the Co-op City area. Easy access to public transportation makes
Fully renovated turnkey two-family detached home located in the residential section of Co-Op City, The Bronx. Two better than new apartments. The walk-in apartment has a private side entry, two-bedrooms, open living space and lovely new white kitchen with quartz countertops and new stainless appliances. The bathroom is beautifully appointed with new tile and fixtures, floors throughout are oak,
Rent this beautiful 2nd-floor apartment in the Co-op City area featuring high ceilings, wood floor and a skylight that fills the space with natural light. Enjoy an open-concept modern kitchen with an eating bar, stunning appliances, and quartz countertops—seamlessly integrated with the living and dining areas, offering potential space for a home office. The master bedroom includes a full bathroom
Interested in learning more about homes in this area?
Reach out to
Debby Klein,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has Equal Renters and Owners
Demographics
Total Population
33,009
Median Age
52
Population Density
58 ppl/acre
Population under 18
17.2%
Below the national average
23.8%
Population over 65
30.8%
Above the national average
19.1%
Finances
Median Household Income
$55,209
Significantly below the national average
$71,702
Average Household Income
$66,713
Education and Workforce
High School Graduates
85.5%
College Graduates
26.4%
Below the national average
34.1%
Advanced Degrees
9.6%
% Population in Labor Force
53.3%
Below the national average
65.1%
Weather
Annual Precipitation
45''
Average Winter Low Temperature
29°F
Average Summer High Temperature
86°F
Annual Snowfall
25''
Area Factors
Very Bikeable
Bike Score®
70/ 100
Very Walkable
Walk Score®
82/ 100
Excellent Transit
Transit Score®
79/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
