I live in Parkchester (The Bronx) now, and have lived there for 19 years. Although Parkchester used to be safer and quieter (WWII vets and their families lived there, their kids grew up there), many things have changed.
The population that lives there has changed: now more working families and young professionals live there.
Commercially the area used to be dominated by a few businesses, notably Macy's (the *second Macy's ever opened) and Woolworth's, the American movie theater and shoe stores, have now greatly increased in number and variety: AT&T wireless store, Macy's (still there), NY&Co, Zales, Starbucks, Sleepy's, Radio Shack, Game Stop, Foot Locker, etc. This brings more people (shoppers) to the area; there are several stores catering to children's clothes: it is profitable to sell children's clothes in Parkchester, which tells you that a lot of families live and shop there.
Unfortunately, there are some families with poor education, so you will see a lot of trash thrown in the streets, gum on the sidewalks and in general kids hanging out at all hours (where are their parents and what are they doing). Parkchester still has its own public safety officers (now North Condo and South Condo use the same Public Safety office), and you can always count on NYPD who often patrol the area.
It can be a good place to live; use precaution like in other areas of the city (get to know your neighbors, be cautious where you go, don't open the door to strangers, etc).
oh.also There's very little parking available in Parkchester; you have to compete with too many drivers and people have been known to get shot at for a parking spot.
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