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.
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.
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.
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.
Nine middle-income apartments up for grabs in a family-friendly South Bronx corner, from $1,404/month, Tue, August 28, 2018
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.
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.
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.”
With a beautifully-designed, renovated boho-chic interiors and a stone exterior that seems to grow right from the verdant landscape, this “European country” Tudor-style house at 2741 Edgehill Avenue in the northwest Bronx neighborhood of Spuyten Duyvil looks pretty good at $1.6 million even without three patios and parking for five cars. It’s also minutes from Metro North and not far from the 1 subway line.
Via NYC Ferry
A new ferry route connecting the South Bronx and Wall Street launched on Wednesday, the first-ever ferry service between the two boroughs in the 21st century. The new route starts at Clason Point Park in Soundview and makes stops at East 90th Street, East 34th Street and ends at Wall Street’s Pier 11. The entire trip takes about 45 minutes. “The new Soundview ferry will cut commute times in half for thousands of Bronxites,” Mayor Bill de Blasio said in a statement. “Our all-of-the-above approach to transit gives New Yorkers reliable options to get where they need to go.”
Elmhurst’s Chinatown. Image: Wiki Commons.
Recent economic snapshots issued by the state comptroller show that New York City has continued to experience record economic expansion in the past three years. This growth has been led by notable gains in the economies of Queens, Brooklyn and the Bronx (Staten Island’s report is expected later this year), which since the 1990s have seen an economic boost from a large increase in their immigrant populations, Crain’s reports. The revitalization of these immigrant-rich areas has led to an uptick in the number of businesses as well as sales and job growth. Unemployment is at its lowest rate since 1990. Queens, the borough that is home the city’s most diverse population and becoming more so, is clearly one to watch.