These two South Bronx neighborhoods saw NYC’s sharpest rent increases

Port Morris rents rose nearly 12%, while Mott Haven rents rose by 9% in the fall

TRD New York /
Oct.October 24, 2017 02:50 PM

Mott Haven in the Bronx

Rents are rising faster in the South Bronx than in any other part of the city, a new report shows.

The data from Zumper shows that rents in Port Morris rose by 11.9 percent since the last quarter, while rents in Mott Haven shot up by 9 percent, according to Curbed. However, the neighborhood’s median rents themselves—$1,790 in Port Morris and $1,700 in Mott Haven—are still much lower than other parts of the city.

In Tribeca, for instance, median rent is $4,000, while median rent in DUMBO is $3,910. Windsor Terrace was the neighborhood with the sharpest rent increase in Brooklyn, going up by 6 percent to $2,325.

Port Morris and Mott Haven have become the epicenter of development in the Bronx, with projects like the Clock Tower building already in place and others like the megaproject from Somerset Partners and the Chetrit Group planned along the waterfront.  [Curbed] Eddie Small

Related Articles

Nestio's Caren Maio (Credit: Emily Assiran)

“Like TurboTax”: Nestio launches online leasing

(Credit: iStock)

What you need to know about landlords’ challenge to New York’s rent law

Among Brooklyn's priciest spots is DUMBO; pictured is the neighborhood's Main Street Park (Credit: iStock)

Why fewer Brooklyn and Queens tenants are moving

The penthouse at 15 Union Square West and 121 East 22nd Street (Credit: StreetEasy)

Luxury market checks off another disappointing week of sales

Clockwise from top left: 522 West 29th Street, 40 East 75th Street (center), 820 Fifth Avenue, 54 Thompson Street and 220 Central Park South 

These were the five priciest residential listings in NYC last week

Faith Hope Consolo (Credit: Getty Images)

Faith Hope Consolo’s secret family probes her will

William Zeckendorf and his brokerages are making moves. (Credit: iStock, Getty Images)

William Zeckendorf wants to build an army of NYC homeowners

Keeping lawns freshly cut and outdoor spaces in tip-top shape could result in greater rewards for sellers. (Credit: iStock, IMDB)

Curb your enthusiasm: Homes with spruced-up outsides sell at premium