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South Bronx

South Bronx
Bronx, NY 10456
Retail, Residential, Leasing/Rental, Multifamily

The South Bronx is a neighborhood in the New York City borough of the Bronx that includes the micro-neighborhoods of Mott Haven, Melrose, Port Morris, Hunts Point, Morrisania, and Highbridge. It is bounded to the north by the Cross-Bronx Expressway and its waterfront offers views of Manhattan. The South Bronx is known as the birthplace of hip-hop culture and was once a byword for urban decay and crime. The nadir experienced by the neighborhood in the 1970s cannot be overstated and makes its renaissance that much more dramatic than gentrification in other areas of New York City. A few decades ago, it made economic sense for landlords to set their own buildings on fire to collect insurance rather than maintain them and rent them out. Abandoned buildings attracted drug addicted and mentally ill squatters. Since the 2000s, rising real estate prices across the rest of New York City have prompted a trickle of artists and professionals to move to the South Bronx. Developers have followed and the neighborhoodÍs Grand Concourse thoroughfare from 153rd to 167th Streets has received designation as a historic district. The Morrisania micro-neighborhood in particular has played host to multiple condominium development projects since 2010. In 2015, Joseph Chetrit and Keith Rubenstein bought two South Bronx sites, 2401 Third Avenue and 101 Lincoln Avenue, for $58 million and plan to build six residential towers on the site. The Lower Grand Concourse Waterfront Project is a strip along the Harlem River that borough leaders said they hope will be developed into housing. The neighborhood is serviced by the New York City subway systemÍs 6 train, which takes riders down the east side of Manhattan, as well as the 2, 4, 5, B, and the D lines. -TA

  • Address South Bronx
  • neighborhood South Bronx
  • borough Bronx
  • Event Sales
  • Address South Bronx portfolio
  • Neighborhood Midtown
  • Borough Bronx
  • Price $ 18,200,000
  • Publication Date 08/01/2007
  • Event Date 06/17/2007
  • Party 1 Eric Oppenheimer
  • Party 1 Brokerage Marcus & Millichap
  • Party 2 Sharp Management
  • Event Sales
  • Address South Bronx portfolio
  • Neighborhood Midtown
  • Borough Bronx
  • Price $ 48,000,000

03/12/2019
Those neighborhoods include Jamaica, East New York, Coney Island and the South Bronx...

03/19/2018
Clockwise from top left: 75-20 Astoria Boulevard, Flatbush Gardens and 123 Linden Boulevard Large loan origination in the outer boroughs slowed down slightly in February. While Clockwise from top left: 75-20 Astoria Boulevard, Flatbush Gardens and 123 Linden Boulevard Large loan origination in the outer boroughs slowed down slightly in February. While...

03/01/2018
His firm has been working on the Melrose Commons Urban Renewal Plan, the massive affordable housing development in the South Bronx, since the late 1980s...

02/09/2018
9 with a $63.7 million loan from Premier Funding Holdco to Jamestown for its $115 million purchase of a large office and retail building in the South Bronx at 260 East 161st Street...

02/09/2018
The project will be nine stories tall and feature more than 350,000 square feet of residential space and more than 50,000 square feet of commercial space. The list of largest projects filed in January also included a pair of mixed-use South Bronx buildings from Treetop Development at 445 and 414 Gerard Avenue, a 20-story, 216-unit apartment building on Coney Island from iStar and a condo building with more than 100 units on East 29th Street from Rockefeller Group and Mitsubishi Estate New York...

01/01/2018
The South Bronx has also seen sharp decreases in crime, and Jungreis argued that it’s further along on the investment front, with several new developments already in the works...

12/29/2017
The firm's second-largest project closely follows at a planned 204,924 square feet. That project, at 2858 Linden Boulevard in Brooklyn, is expected to feature 235 housing units. The developer on that project, Radson Development, also tapped MAP to design a 166-unit residential building in Far Rockaway at 19-38 Cornaga Avenue. The architecture firm does a lot of affordable and supportive housing work. MAP began working on affordable housing in Melrose more than 30 years ago. The firm has designed and built roughly 20 buildings in the Melrose Commons Urban Renewal Plan, a massive redevelopment in the South Bronx...

07/01/2017
It’s no news flash that developers have discovered the Bronx: New projects â€' many of them residential â€' are growing taller in the South Bronx by the minute...

05/30/2017
Besmatch founder Harry Baksh said the changes in the borough are dramatic. It now has the types of large shopping centers that used to be reserved for Westchester County, while the trend on the residential side has reversed -- people are moving into the South Bronx, which is also receiving a record amount of new development product...

07/01/2016
Still, the properties owned by the city’s biggest landlords represent almost every era since the beginning of the 20th century and can be found in virtually every corner of the city. From pre-war walk-ups in the South Bronx to modern skyscrapers that will soon open at Hudson Yards, the reach these landlords have over New York’s rental landscape is extraordinary...

01/08/2016
For the second year in a row, the number of brokers and agents in Brooklyn and Queens rose faster than in Manhattan, an indication that brokers For the second year in a row, the number of brokers and agents in Brooklyn and Queens rose faster than in Manhattan, an indication that brokers...

12/24/2015
From left: 400 West 61st Street, One Vanderbilt in Midtown East and Queens Park Plaza in Long Island City Though new Manhattan developments were the heaviest From left: 400 West 61st Street, One Vanderbilt in Midtown East and Queens Park Plaza in Long Island City Though new Manhattan developments were the heaviest...

11/04/2015
Snark aside, much of what’s been filed in Mott Haven and across the South Bronx this year will be affordable and supportive housing, adding to the count of de Blasio’s aspirational goal of 200,000 such units created or preserved, which, if accomplished, should inspire another star-studded blowout of a whole other sort...

09/02/2015
By unit count, the Bronx continued what is now a sustained filing spurt with the most units planned during Augustâ€'1,166â€'and five buildings counting more than 100 units. The largest of those, Cheskel Schwimmer’s 352,000-square-foot, 435-unit application for 198 East 135th Street, will rise on the banks of the Harlem River in the South Bronx...

09/01/2015
By and large, the largest development projects in the Bronx are bringing affordable and mixed-income rental units to the South Bronx specifically...

08/04/2015
Two buildings at the colossal, $345 million La Central affordable housing complex in Melrose brought 496 future residential units with over 600,000 square feet to the South Bronx...

07/07/2015
The La Central affordable housing project in the Melrose neighborhood of the South Bronx will account for 160 of the Bronx units...
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