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Located in the evolving Melrose neighborhood of the South Bronx, eight newly constructed units are available to rent at 407 East 160th Street. As the Bronx continues to undergo major residential and commercial development, Melrose sits as the epicenter of these changes. It has a bustling district known as the Hub, or the Times Square of the Bronx, which features many retail stores, restaurants and entertainment options. New Yorkers earning 80 percent of the area median income can apply to rent four $1,348/month one-bedrooms and four $1,521/month two-bedrooms.