Two condos in the South Bronx sell for over $1.1 million (Ontario: house, neighborhoods)
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Port Morris
Parts of Mott Haven
Hunt Point
Harding Park
Clason Point
Pelham Bay
Morris Park
Pelham Parkway
Morris Park (east Bronx) is already a safe quiet middle-class area of mostly 1-2-3 family homes. Even back when the south Bronx was being burned down by it's residents the east Bronx was a safe area. Mostly Italian-American back then, many Albanian-Americans and others today.
There projects in Chelsea, Lower East Side in Manhattan, Dumbo Brooklyn, Long Island City. The new 1,000 foot luxury tower in Brooklyn is near NYCHA.
That's all true but I wonder if during the current crime wave that the residents of all those new luxury buildings are being targeted by the residents of the nearby nycha and other low-income projects.
Is it on the same level, though? I know that not all projects are created equally, and some have much more serious problems of lawlessness than others. Atlantic Terminal projects (adjacent to the Pacific Park development/Barclays Center) are what I'd consider to be model projects. I ask this question genuinely as I really don't know much about the projects in the South Bronx.
Yea, some are worse than others, but that also changes with the time and with the neighborhood. Besides, as expensive as these South Bronx listings are, they're still nowhere near the price of new luxury condos in Chelsea, LES, Dumbo, or LIC.
Yea, some are worse than others, but that also changes with the time and with the neighborhood. Besides, as expensive as these South Bronx listings are, they're still nowhere near the price of new luxury condos in Chelsea, LES, Dumbo, or LIC.
Yah not even close, a 2000 ft apartment in Manhattan is 4-7 million.
South Bronx it's only 1 million.
Morris Park (east Bronx) is already a safe quiet middle-class area of mostly 1-2-3 family homes. Even back when the south Bronx was being burned down by it's residents the east Bronx was a safe area. Mostly Italian-American back then, many Albanian-Americans and others today.
Most of the East Bronx consists of low density housing and homeowners, which is why it remained relatively stable and safe when the South Bronx was burning. Same situation in places like Riverdale, Woodlawn, etc... The decent areas of The Bronx are mainly those with high ownership levels, be it co-ops, condos or homes.
Quote:
Originally Posted by OyCrumbler
Yea, some are worse than others, but that also changes with the time and with the neighborhood. Besides, as expensive as these South Bronx listings are, they're still nowhere near the price of new luxury condos in Chelsea, LES, Dumbo, or LIC.
Quote:
Originally Posted by 90sSitcom
Yah not even close, a 2000 ft apartment in Manhattan is 4-7 million.
South Bronx it's only 1 million.
Which is still insanely expensive when you compare those prices to the median income in those areas. These are some of the poorest neighborhoods not just in The Bronx, but in the entire country.
Don't look at the purchase price. Purchase price in NYC means nothing. Look at the price per square foot. $1MM for 2,000 square feet is about as average as one can get for the outer boroughs. There are plenty of "boring" neighborhoods in Brooklyn that command higher per square foot prices.
For ****s and giggles my wife and I looked at condos in the South Bronx when were looking to buy a condo a few years back.
Which is still insanely expensive when you compare those prices to the median income in those areas. These are some of the poorest neighborhoods not just in The Bronx, but in the entire country.
Yes that's true. Definitely not the locals buying.
For the first time in South Bronx real estate history, condominium apartments have cracked the $1 million price tag.
The two units are located in the Bronx Bricks condominium at 305 E 140th Street, the first condo loft conversion in the South Bronx back in 2008.
Condo sales prices in the South Bronx have been slowly creeping towards the $1 million mark since 2019 when a brand new construction condo development opened in 2019 on E 138th Street just a couple of blocks from Bronx Bricks.
These rising and record sales prices are all happening as thousands of luxury rental units are being constructed just a few blocks south along the Harlem River Waterfront in Port Morris, where two-bedroom units are renting for well above $4,000 a month at developments like Bankside.
Riding along the Triboro (pardon me, RFK), there's a whole bunch of condo complexs along the Willis Av Bridge. I was taken aback, when I saw it!
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