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Highbridge residents are saying new buildings are popping up so fast they are not under rent stabilization. The neighborhood is getting unaffordable the area is one fastest rent increase in the city.
"Rezoning, redevelopment, and an increasingly unaffordable Manhattan have the once-isolated neighborhood facing some of the city’s highest rent hikes."
High bridge is a biatch to get too. And its trashy. Who and why are people moving here?
Manhattan and Brooklyn is expensive now so investors and renters looking into The Bronx now. Fine Fare Supermarket and Brew for beers and pizza now in Highbridge it wasn't there 10 years ago.
Highbridge drew attention earlier this year when the realty website Zumper ranked it as the New York City neighborhood with the fastest-rising rents, its median price leaping 22 percent just in 2017. And while figures like these need to be taken with a grain of salt — they can be skewed if they’re based mostly on listings for new high-priced developments, and Zumper didn’t respond to Voice queries about its methodology — residents say they’ve already seen prices start to creep up to levels unaffordable to many who live there.
Yes,but the woman cited in this article, whose rent went up by $400 in two years, didn't occupy one of those new renovated apartments that real estate blogs like to use in citing high rents around the city. Her rent increase was quite real and she got priced out.
$2,000/mo for a plain old 2 br in Highbridge is pretty scary.
It was probably 800/mo 10 years ago and 1200/mo 5 years ago.
I wouldn't be surprised. We can be knowledgeable on this forum. Or jerks. Depends upon each of our moods
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