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Old 07-29-2018, 09:42 PM
 
Location: Northeast states
14,000 posts, read 13,787,470 times
Reputation: 5142

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“Manhattan land prices no longer make sense for rental development, so virtually all future rental development will be in the boroughs,” HWE Managing Director Daniel Parker said. “Bronx market rents have started to reach a level where developers can make sense of new development. I see a bright future for market-rate housing in the Bronx.”

Read more at: https://www.bisnow.com/new-york/news...medium=Browser
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Old 07-29-2018, 10:15 PM
 
12,340 posts, read 26,042,481 times
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It’s odd they state a median household income of $90k when I believe it’s actually only $63k for nyc overall.
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Old 07-29-2018, 10:22 PM
 
Location: New York, NY
12,742 posts, read 8,191,133 times
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Quote:
Originally Posted by Henna View Post
It’s odd they state a median household income of $90k when I believe it’s actually only $63k for nyc overall.
No, what they said was the following:

A family of four on the median New York City salary of $90K has around $2,250 per month to spend on an apartment.

IIRC the median household income and the family income isn't the same. The median household income is calculated slightly differently, just as the per capita income is. The per capita income in NYC (as a whole) I believe is still under $40,000 overall, so when we talk about the median income here of $62k it's for usually something like a two person household. That's why a single person making $50k isn't that bad because it is more than the average per capita income.
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Old 07-31-2018, 09:08 AM
 
Location: NY
15,909 posts, read 6,698,048 times
Reputation: 12062
Holy Smoke................

Why don't they impose an HOA fee as well and round the clock security?
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Old 07-31-2018, 03:16 PM
 
11,445 posts, read 10,404,509 times
Reputation: 6273
The market rate apartments in The Bronx are already expensive for US standards
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Old 07-31-2018, 03:51 PM
 
192 posts, read 186,319 times
Reputation: 200
Extremely expensive any old 2 br apartment in the ghetto is 1800, that's a whole house in other states.
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Old 07-31-2018, 09:54 PM
 
Location: Earth
7,644 posts, read 6,429,057 times
Reputation: 5828
bronx will explode
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Old 08-01-2018, 08:54 PM
 
Location: Northeast states
14,000 posts, read 13,787,470 times
Reputation: 5142
Tourbus spotted in Fordham section of The Bronx


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Old 08-01-2018, 09:13 PM
 
Location: Earth
7,644 posts, read 6,429,057 times
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Quote:
Originally Posted by BPt111 View Post
Tourbus spotted in Fordham section of The Bronx


the end is near


not even deblasio can stop gentrification of the bronx
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Old 08-01-2018, 10:15 PM
 
1,486 posts, read 977,282 times
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Quote:
Originally Posted by BPt111 View Post
Tourbus spotted in Fordham section of The Bronx

Wow!!

They haven't gotten that bold in my area yet. I always see them coming down 161 in coach busses and sprinter vans doing tours, but that open rooftop Manhattan bus is in your face. They basically showing off all the new buildings they built up from 161st on park ave following the BX6 route all the way to 163rd on third avenue.
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