The Real Estate Hustle in Bedford Park
“Right now, the Bronx is prime real estate. Prime, prime real estate.” Those are the words of Joseph Governali, a Norwood resident and realty investor who said he recently entered into contract to purchase four homes in Bedford Park. Governali and his Brooklyn-based partner, Emmanuel Marshall, are part of a larger movement of investors and developers buying up Bronx homes, and tearing them down to replace them with tall buildings, exploiting existing zoning laws. The section of Bedford Park–bordered by Grand Concourse, Mosholu Parkway, East 198th Street and Webster Avenue–saw 28 properties sold between January and August of 2018 (see
