The South Bronx has been undergoing a massive transformation with new residential buildings and major infrastructure improvements. Curbed NY recently mapped out the 14 biggest developments slated for the neighborhood. Click here for more information.
The nonprofit organization, Breaking Ground, has just completed Webster Residences. It is the second fully affordable development (the first, Park House, opened in October of 2017) and will offer 170 units for the formerly homeless, low-income, and individuals with special needs. The two buildings are connected by a landscaped courtyard and offers amenities such as […]
Community District 1, which encompasses Mott Haven and Port Morris, both up and coming neighborhoods had a $600 million investment in 2017 according to a newly released by Bronx Borough President Ruben Diaz. Overall, total investments were down 18% from 2016 to 2017. Click Here For More Information
Despite rising rents and sale prices due to new development and increased attention to the area, the Bronx is still the best borough to find a comparatively affordable home. Riverdale, Concourse, Kingsbridge, Pelham Bay and Fordham, top Brick Underground‘s list of the best Bronx neighborhoods to live in 2018. Click here for more details.
The Bronx dominated the investment sales market for Q1 2018 taking seven of the ten top spots for largest deals overall. These sales were all residential buildings with 831 Bartholdi Street being the number one sale at approximately $21 million and purchased by Lightstone Group. Click here for more details.
4215 Park Avenue has started an affordable housing lottery for 255 apartments in the building. The available units are a mix of studios, one bedrooms, two bedrooms and three bedrooms with studios starting at $882/month. Income qualifications are between $30,069 to $145,200 a year depending on the size of the family and the apartment type. Click […]
The Port Morris neighborhood of the South Bronx is set to become home to New York City’s first ever soccer stadium which would have 26,000 seats and be designed by Rafael VInoly. The partnership for the project, projected to cost $700 million, is between Related, Somerset Partners, and the New York City Football Club. Click […]
If you’re a fan of HBO’s The Deuce or hoping to catch a glimpse of James Franco, take a trip to 780 East 135th St, where parts of the show’s second season will be filmed. The 5-story, 92,000-square-foot building will be used to capture the “1970s feel.” The area has become a popular destination for […]
Project Destined has caught the attention of A-Rod and J-Lo and they are spreading the importance of what teaching kids business, and specifically, the business of real estate, can do for their future. The program, Project Destined, teaches minority kids in the Bronx about how to invest in property, offering them an opportunity to take […]
A new study was published in February evaluating the “most gentrified zip codes” in the country and New York made the list of 20. The study looked at median home values from 2000 to 2016 as well as changes in median income and the number of residents with a minimum bachelor’s degree education. The Northeast […]