The iconic Clocktower building on the left.
The iconic Clocktower building on the left.

Rents at the Clocktower building in Port Morris, on the corner of Lincoln Avenue and Bruckner Boulevard are fast on the rise.  A new listing for a 1 bedroom is asking for a whopping $1,775/month for the privilege of living in this loft building which was one of the first in the area to convert to residential.

Another listing for a 2 bedroom loft in the same building is asking for $2,500.

Advertisements


Seven years ago, when I was first looking in the area, rents for a 1 bedroom began in the $900’s and have since then almost doubled.

The building, along with the surrounding area has shown tremendous growth and transformation.  Recently, the Clocktower had its huge rooftop upgraded with new pagodas and furniture as well as some green astroturf giving it a nice, cozy feeling with great views of the Bronx, Manhattan, The Harlem River.

Downstairs you have Charlies Bar and Kitchen, a block away there’s Bruckner Bar & Grill, Ceetay and a host of many, many more local restaurants.

What do you think about these rents?  Clearly, with rents that are almost double what you would pay for in the surrounding area, these rising rents and new amenities are budding signs of gentrification in the neighborhood.

Check out some more pictures from the listing on craigslist:

00K0K_6iv5RKigYrh_600x450 00p0p_6DPNnHwxd4C_600x450 00202_b0VagjpYGS5_600x450 00h0h_8Fp92XnBsiB_600x450 01111_hPrMmUyyXrI_600x450 00N0N_4fay4Qv3G0C_600x450

Follow us:

Facebook Group: https://www.facebook.com/groups/Welcome2TheBronx/

Facebook Page: https://www.facebook.com/Welcome2TheBronx/

Twitter: https://twitter.com/Welcome2theBX

Instagram: http://instagram.com/welcome2thebronx

Tumblr: http://welcome2thebronx.tumblr.com/

Facebook Comments
Advertisements