PARKCHESTER INFORMATION NETWORK

Parkchester was developed between 1939-1942 by the Metropolitan Life Insurance Company and owned by the same. Originally, Parkchester operated as a self contained rental community managed by the Metropolitan Life Insurance Company. In 1974, the Metropolitan Life Insurance Company converted approximately one-third of Parkchester into condominiums and sold them to individuals, realtors/brokers and investors. In 1986, the Metropolitan Life Insurance Company sold the remaining two-thirds of Parkchester to it's current management team, Parkchester Preservation Management. Those units sold to Parkchester Preservation Management, to this day, have remained as rental units... Most Parkchester residents today are of Asian descent, Black, Latino and Indian but a new wave of owners and renters of almost every ethnic group have moved into the area. The complex once had a "whites only" policy, however, current residents prefer to forget about Parkchester's discriminatory past. Parkchester, BRONX,..

Also known as: Parkchester, Parkchester Preservation Management

Primary location: Bronx United States