affordable housing, Bronx, housing lotteries

Bronx Zoo

The Bronx is booming when it comes to affordable housing. In fact, as 6sqft recently reported, more than 43 percent of the units under Mayor de Blasio’s affordable housing plan that began construction this year were in the borough. The latest is located at 12907 Southern Boulevard in the East Tremont neighborhood, just a short walk to the Bronx Zoo. Starting tomorrow, qualified New Yorkers can apply for three $956/month one-bedrooms and three $1,080 two-bedrooms. Developed through the city’s 421-a program, the eight-story building has an elevator, laundry room, and bicycle parking.

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affordable housing, Bronx, housing lotteries

The third largest park in the city (behind Pelham Bay Park and the Staten Island Greenbelt), Van Cortlandt Park is not only adjacent to Woodlawn Cemetery, the New York Botanical Garden, and the Bronx Zoo, but it’s also home to the country’s first public golf course, the oldest house in the borough, and the city’s largest freshwater lake. If living near this 1,000+ acre oasis sounds appealing, an affordable housing lottery has just launched for 24 brand new units at 3677 White Plains Road in the Olinville neighborhood. One bedrooms are going for $1,292/ months and two-bedrooms for $1,458.

Find out if you qualify here

affordable housing, Bronx, housing lotteries

Summit Ridge, 950 Summit Avenue, High Bridge

Just three blocks from Yankee Stadium and a 20-minute walk from the newly opened High Bridge is Summit Ridge, a six-story, brick affordable housing building designed by Aufgang Architects. Its 57 units, now up for grabs through the city’s lottery, are reserved for New Yorkers earning 60 percent of the area median income, or $18,275 for individuals up to $63,060 for families of six. The apartments range from $494/month studios to $1,182/month three bedrooms and have access to the building’s amenities that include bike storage, an outdoor terrace, laundry room, and community room.

More details this way

Bronx, real estate trends

For the past four years, Brooklyn has had more residential permits issues through the Department of Buildings than any other borough. But according to a report from the New York Building Congress shared by DNAinfo, during the first six months of 2016, the Bronx has taken the lead, accounting for nearly 32 percent of all permitted units, a major jump from its 11 percent average over the past four years.

For comparison, last year Brooklyn had a staggering 26,000 units permitted, but this year fell to 1,400; the Bronx had 1,900 units authorized this year. Brooklyn’s sharp decrease is part of a city-wide drop after the 421-a program expired at the beginning of the year that caused developers to rush to get their permits in at the end of 2015. But the Bronx’s surge is likely due to a huge affordable housing push: “More than 43 percent of the units that began construction in the first six months of this year under Mayor Bill de Blasio’s ambitious affordable housing plan… were in the Bronx.”

More on the trend

Bronx, gentrification, New Developments, real estate trends

The south bronx , bronx grand concourse

Image: View Grand Concourse via photopin (license)

Controversial South Bronx Developer Keith Rubenstein of Somerset Partners has purchased a 16,000-square-foot warehouse (expandable to 30,000 square feet) at 9 Bruckner Boulevard for $7.5 million and intends to create a Gansevoort Market-style food hall called Bruckner Market, reports The Real Deal.

According to the developer, who purchased two other South Bronx waterfront sites last year, the space will offer a fresh food market, kiosks and restaurants and may have a beer garden, though he made a point of addressing how the new addition will affect the community: “It will provide great food and beverage options at affordable prices for the existing community and new community.”

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Featured Story

adaptive reuse, Architecture, Bronx, Features, History

Image courtesy of Studio V Architecture

Blocks away from the Harlem River waterfront and the 15-acre Mill Pond Park, with easy access to public transportation and serving a vibrant community of college students, office and medical workers, and working-class families, sits the nearly 80-year old landmarked Bronx General Post Office. Acquired in 2014 by developer Young Woo & Associates and the Bristol Group as part of the postal service’s plan to pare down its real estate holdings, the building’s bold yet tasteful transformation promises to be a showcase for the borough’s long awaited rebirth.

Though its glory years as the primary sorting, storage and processing hub for the majority of mail coming to and from the Bronx have long gone, the government was careful to ensure that its new life would be worthy of its storied history—and its neighborhood inhabitants. After a thoughtful and lengthy RFP process, developer Young Woo was selected to bring his vision—what he’s described as “a crossroads for community, commerce and culture”—to the 175,00-square-foot facility, and he hired STUDIO V Architecture, a firm with extensive experience in adaptive reuse, to help achieve it.

Read more on their approach to this unique project here

affordable housing, Bronx, housing lotteries

G&M Properties , 100 West 174 Street, 1636-1640 University Avenue, 1167 Stratford Avenue, Bronx affordable housing

100 West 174th Street in University Heights (L); Locations of all three buildings (R)

Beginning today, New Yorkers earning 60 percent of the AMI can apply for 20 brand new, affordable units in University Heights (at 100 West 174th Street and 1636-1640 University Avenue) and the East Bronx (at 1167 Stratford Avenue). The apartments are one-bedrooms for $980/month, two-bedrooms for $1,183/month, and three-bedrooms for $1,359/month. The buildings have on-site supers, and units feature energy efficient appliances, sleek modern kitchens and baths, and hardwood floors.

Find out if you qualify

affordable housing, Bronx, housing lotteries

In the Melrose section of the Bronx, just a few short blocks from Yankee Stadium, 151 newly constructed apartments are up for grabs through the city’s affordable housing lottery. Located at 3160 Park Avenue, the 12-story building from Trinity Park Avenue Development and Newman Design offers both low- and moderate-income units. As Welcome2TheBronx previously reported, 20 percent of the apartments are reserved for those making 40 percent of the area median income, while the remainder are for those earning 60-80 percent of the AMI. This ranges from $532/month one-bedrooms to $1,683/month three-bedrooms.

Find out if you qualify

affordable housing, Bronx, Construction Update, New Developments, Rentals

Park House and Webster Residence, COOKFOX, Bronx, Affordable Housing

Last month, 6sqft reported on the COOKFOX-designed development Park House, the first phase of a two-building affordable and supportive housing complex in the Tremont neighborhood of the Bronx. Since then, the 12-story building has topped off and foundation work is quickly moving along for its adjacent fraternal building dubbed the Webster Residence. The development is being pushed forward by Breaking Ground, a non-profit committed to ending homelessness. This development will be the organization’s first venture in the South Bronx.

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affordable housing, Bronx, housing lotteries, New Developments, Rentals

NYC affordable housing, hosing lotteries, Bronx apartments, cheap New York, New York housing, 280 East Burnside, 2247 Walton

2247 Walton Avenue (L); 280 East Burnside Avenue (R)

In the Mount Hope section of the Bronx, two under-construction buildings have kicked off a combined housing lottery  granting qualified renters the chance to snag nine $833/month studios, 12 $895/month one-bedrooms, and 34 $945/month two-bedrooms.

The two buildings are located a half mile apart on opposite sides of the Grand Concourse and are being developed by the Walison Group under the alias 280 East Burnside Associates L.P. Newman Design Group (NDG Architects) are the designers of the two 11-story buildings, penning the mundane blocky masses with exteriors finished in red brick and stucco. The 2247 Walton Avenue building is situated midblock between East 182nd and East 183rd streets contains a total of 50 apartments, while the 280 East Burnside building rises between Ryer and Anthony Avenues and houses 40 apartments.

Find out if you qualify here


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