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Bronx, Cool Listings, mott haven

$839K South Bronx condo offers loft living in Mott Haven

By Michelle Cohen, Wed, February 12, 2020

305 east 140th Street, bronx, south bronx, mott haven, cool listings, lofts, condos

Image courtesy of Douglas Elliman.

In the bustling and buzzy South Bronx community of Mott Haven, this bonafide loft at 305 East 140th Street is also a 2008 condominium conversion known as Bronx Bricks. Constructed in 1904, the classic loft building features a ground-floor art gallery and adjacent theater performance space, both of which highlight the neighborhood’s vibrant arts community. The 1,290-square-foot unit is asking $839,000.

Just don’t call it SoBro

affordable housing, Bronx, Major Developments

Renderings courtesy of ArX Solutions

Last fall, Brookfield Properties bought two sites in Mott Haven for $165 million—the most expensive transaction on record for development in the Bronx—from Somerset Partners and Chetrit Group. On Thursday, the developers revealed a $950 million plan for a 4.3-acre mixed-use development that will bring more than 1,350 apartments to the South Bronx neighborhood, of which 30 percent will be affordable. Branded as Bankside, the project will also include a public waterfront park and promenade, as well as ground-floor retail and community facility spaces.

See it here

Featured Story

Bronx, Features, NYC Guides, Restaurants

You’re probably familiar with the big attractions in the Bronx: Yankee Stadium, the New York Botanical Garden, and the Bronx Zoo. But the borough has a lot more going on, from historic and cultural treats and treasures to new breweries and restaurants and acres of beaches, parks, trails, and gardens. Read on for a collection of destinations in the city’s northernmost, greenest, and most diverse borough that are worth the trip, wherever you’re coming from.

More to do in the Bronx, this way

affordable housing, Bronx, housing lotteries

1530 Story Avenue, Soundview, affordable housing

Rendering via L+M Development

A housing lottery has just launched for 223 mixed-income apartments in the new South Bronx building located at 1520 Story Avenue, known as Story Avenue West. The rental building is one of two new structures at the site, part of the Lafayette-Boynton residential complex in the Soundview neighborhood, developed by Nelson Management Group and L+M Development Partners. Qualifying New Yorkers earning 30, 50, 60, 90 and 110 percent of the area median income can apply for the units, which range from $389/month studios to $2,066/month three-bedrooms.

Find out how to apply

affordable housing, Bronx, housing lotteries

A housing lottery launched this week for 32 affordable apartments in the Morrisania neighborhood of the South Bronx. The new building located on the corner of Third Avenue at 545 East 166th Street sits on the same block as the recently-expanded Estella Diggs Park, which has greenery, pathways, and new play equipment. Qualifying New Yorkers earning 40, 50, 60, or 80 percent of the area median income can apply for the units, ranging from a $590/studio to a $1,643/month two-bedroom.

Find out if you qualify

affordable housing, Bronx, housing lotteries

1530 Story Avenue, Soundview, affordable housing

Rendering via L+M Development

A housing lottery launched on Monday for 211 mixed-income apartments in a new South Bronx building. Located at 1530 Story Avenue, the rental is part of the Lafayette-Boynton residential complex in the neighborhood of Soundview and is one of two new structures at the site developed by Nelson Management Group and L+M Development Partners. Qualifying New Yorkers earning 60, 90, 95, and 125 percent of the area median income can apply for the batch of units, which range from $865/month studios to $2,184/month three-bedrooms.

Find out if you qualify

Bronx, real estate trends

Via Nelson Mejia Jr. on Flickr

Out of the 20 New York City neighborhoods with the most residential units approved within the past year, seven of them are in the Bronx, more than any other borough. According to a new report from Localize.city, a group that analyzes data related to housing, 13 percent of all approved apartments between 2010 and 2015 were in the Bronx. In the first half of 2018, the Bronx had 27 percent of the city’s share of approved new units. While a majority of new buildings in the borough are affordable, increasing land prices could mean more market-rate projects are on the horizon, the New York Times reported.

Get more details

affordable housing, Bronx, housing lotteries, mott haven

Rendering of 764 East 152nd Street via UA Builders Group

We’ve seen it all over Manhattan and Brooklyn–brokers come up with bizarre acronyms and new directional cues to hip-ify (aka gentrify) a neighborhood. Most recently, they tried their hand at SoHa–South Harlem, which certainly didn’t stick. And now the trend has spread to the Bronx, though this time it’s the NYC Department of Housing Preservation and Development behind the new moniker. In their defense, “Mott Haven North,” was probably chosen for the latest affordable housing lottery based on their 1994 Mott Haven North Urban Renewal plan, but with this South Bronx neighborhood rapidly gentrifying, it’s a slippery slope. Regardless, there are eight $1,379/month one-bedrooms up for grabs at 764 East 152nd Street, which, according to maps, is in the Woodstock area.

More info ahead

affordable housing, Bronx, Major Developments

A previous rendering of 101 Lincoln Avenue via Hill West Architects

The most expensive transaction on record for a development in the Bronx officially closed Wednesday, after Brookfield Property Partners picked up the two sites for $165 million from Somerset Partners and Chetrit Group. Originally, Somerset and Chetrit planned for all of the development’s 849 residential units to be market rate, and while Brookfield intends to keep the same number of apartments, they are designating 30 percent of them affordable, according to the Real Deal.

Find out more

affordable housing, Bronx, housing lotteries

Via Wiki Commons

The second housing lottery to open today in the South Bronx’s Longwood section is at Thessalonia Manor, a two-building affordable project adjacent to the Thessalonia Baptist Church. The 120-unit development, from Urban Builders Collaborative and CMC Development, was announced two years ago, and now households earning 60 percent of the area median income can apply for 83 of the units, ranging from $929/month one-bedrooms to $1,289/month three-bedrooms. Like the earlier lottery, the buildings at 960 Prospect Avenue and 961 Reverend James A. Polite Avenue are right near the family-friendly Bill Rainey Park and the 2 and 5 trains at Intervale Avenue. The buildings offer on-site laundry, a community room, courtyard, and roof top terrace.

See if you qualify

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