, Mon, September 17, 2018
Kingsbridge Armory via Flickr cc
It’s no wonder the city has spent the better part of the past decade trying to redevelop the former Kingsbridge Armory into the country’s largest ice skating complex–it’s less than a block from the 4 train and three blocks from the D and B trains and a quick walk to the Fordham University campus. And for residents moving into the area, it’s just a few blocks from the large Jerome Park, St. James Park, and Poe Park. With all this in mind, a new development has sprung up across from the Armory at 2700 Jerome Avenue. The 13-story, 134-unit building is a mix of affordable and supportive housing and retail, and as of today, New Yorkers who earn 60 or 90 percent of the median income can apply for 95 units that fall into the first category. The available apartments range from $860/month studios to $1,940/month three-bedrooms.
Find out if you qualify
, Mon, September 17, 2018
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
, Fri, September 14, 2018
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
, Wed, September 12, 2018
This cheery City Island cottage may look tiny, and while it’s definitely not big, it manages to fit two bedrooms, a bonus loft space, several closets, and a high-end kitchen into its petite frame. Plus, it has a large backyard and is just blocks from a private beach. First spotted by Curbed, who notes that the yellow-shingled charmer is on “one of the heavily-residential side streets” of the Bronx island, the house is asking $385,000.
Get a look inside
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
In 2016, Bronx Borough President Ruben Diaz, Jr. allocated nearly $3.3 million to create 851 affordable housing units across eight projects in the borough. One of these, MLK Plaza Apartments at 869 East 147th Street in ever-developing Mott Haven, received $500,000, and as of today 133 of its 165 units are up for grabs through the city’s housing lottery. The mixed-income units range from $464/month studios to $1,289/month three-bedrooms and have access to the building’s laundry room, fitness room, library and computer room, bike storage, and outdoor rec space and terrace.
Find out if you qualify
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
A recently completed 29-unit rental at 915 Dawson Street in the Longwood section of the South Bronx has opened up an affordable housing lottery for nine middle-income units reserved for households earning 130 percent of the area median income. The 1,404/month one-bedrooms and $1,575/month two-bedrooms not only offer the chance to live in a lovely new building, complete with a recreation room, laundry room, and parking, but the location just off Bill Rainey Park is the perfect enclave for families. The park has a baseball field, football field, and playground, and just a few blocks away are the 2, 5 trains at Intervale Avenue and the 6 at Hunts Point Avenue. Plus, the New York Public Library’s Hunts Point branch is close, as are a myriad of schools, including Longwood Preparatory Academy, Success Academy Middle School, PS 333 The Museum School, PS 39, and PS 130.
See the income breakdown
A year and a half after breaking ground on the project, mental health nonprofit Community Access has opened the affordable housing for a new, $52.2 million supportive housing complex in the Mount Eden neighborhood of the Bronx. As 6sqft previously reported, “it incorporates sustainable elements such as solar panels and a co-generation plant, as well as health-focused amenities like a community garden and kitchen to encourage and teach about healthy eating, outdoor exercise equipment, and a bike sharing program.” The building at 111 East 172nd Street has 126 units, 50 percent of which are set aside for formerly homeless New Yorkers or families with special needs. The remaining half is available as of today through the city’s lottery and are reserved for those earning 60 percent of the area median income, including $864/month studios and $1,122/month two-bedrooms.
See the breakdown
In a Bronx neighborhood known for comfortable living at reasonable prices and for its six-story pre-war elevator co-ops, this large alcove studio at 601 Pelham Parkway North is a fine example of both. The unit’s $128,000 ask alone is worth noting; a glance at the floor plan shows that while the space isn’t palatial, it goes beyond the usual one-room studio, and its kitchen and bath have more going for them than many we’ve seen in more expensive properties. The Art Deco building is, according to the listing, the neighborhood’s “most sought after.”
Have a look