Real Estate

La Central, The Bronx’s Massive 992 Unit Development in Melrose, Is Finally Approved by City Council

After almost three years since it was announced, the mega project La Central has moved one step closer to reality as New York City Council approved this development yesterday.

With 992 units planned, a 50,000 square foot YMCA, 10,000 square foot television studio for BronxNet, and also an astronomy lab and observation deck among many other features, La Central is one of the biggest mixed residential and commercial developments coming to The Bronx. … »

Clocktower Expansion in Port Morris Will Be The Bronx’s Most Luxurious Development To Date—For Now

A year ago, Bronx Borough President Ruben Diaz Jr said that there was no gentrification taking place but either he was flat out clueless or lying—we’ll let you decide for yourselves.

Now, as the South Bronx Clocktower’s extension has reached its planned height of six stories, renderings have been revealed showing what will be the most luxurious development in The Bronx, something we don’t say lightly.

The new building will add 190 units to the existing 90 already at the landmarked Clocktower, a new fitness center, a game room, lounge, sports court, and an indoor sky-lit swimming pool. … »

“Piano District” Waterfront Towers Renderings Revealed 

The South Bronx skyline is set to forever change as development shifts gears towards the Harlem River Waterfront thanks to gentrifying developer, Keith Rubenstein of Somerset Partners and The Chetrit Group.

Renderings have been revealed for the first phase six planned towers. … »

The Bronx Sees Highest Increase in NYC Foreclosures Over Last Year

In a report issued by real estate research site, PropertyShark, The Bronx has seen the highest increase in foreclosures in the second quarter of 2016 compared to the same time period last year—by 47%.

Leading the Bronx in foreclosures is the 10473 zip code encompassing the neighborhoods of Parkchester, Soundview, and Castle Hill with 24 new foreclosures listed totaling $3,034,143 with an average lien of $379,267.

See how you can help avoid foreclosure. … »

Take a Peek at City Island’s Newest Luxury Condos 

On The Sound is City Island’s first condo development in 15 years and is a 43 unit project on 5 acres in gated community on the Long Island Sound.

With units listing from $488,000 to $988,000, this is easily one of the most expensive developments in The Bronx in a number for years. … »

New York City’s First LGBT Senior Housing Development Coming to The Bronx

Announced at a press conference today, The Bronx (along with Brooklyn) will be the home of a new development of New York City’s first senior housing development with services benefiting the elder LGBT community.

The 82 unit Crotona Senior Residences will be developed by NYC Housing and Preservation, HELP USA, NY State Homes along with Community Renewal and SAGE (Services and Advocacy for GLBT Elders). … »

University Heights Mansion Listed For Sale For an Unrealistic $1.1 Million

120 West 180th Street, across from Bronx Community College, is a beautiful, 3,723 square foot mansion (as per public records) has been listed for sale for a mind-blowing $1.1 million. By the way, the real estate agent chose to say that the house is across from the “former” NYU campus rather than saying it’s across from Bronx Community College.

There’s no question that this Univeristy Heights mansion, which according to the listing has been in the same family for 60 years, is gorgeous and has been well maintained throughout the years but $1.1 million is far more than is supported by the local market in the neighborhood. … »

NYC To Withhold Rental Assistance to Slumlords Who Fail To Make Repairs

New York City mayor Bill de Blasio and Public Advocate Letitia James have announced that they are forcing 8 slumlords to fix what is known as “the dirty dozen” buildings which collectively have 2,075 building code violations.

Eight of the twelve buildings are located in The Bronx with a total of 1,358 violations of which 750 Grand Concourse is the worst offender with a whopping 309 violations. Most of the buildings are located in the Northwest Bronx. … »