Permits have been filed for a nine-story residential building at 3848 Bailey Avenue in Kingsbridge Heights, The Bronx. Located between West 238th Street and Van Cortlandt Avenue West, the lot is near the 238th Street subway station, served by the 1 train. Joseph G. Rukaj of Plungeri LLC is listed as the owner behind the applications.
The proposed 96-foot-tall development will yield 27,890 square feet designated for residential space. The building will have 41 residences, most likely rentals based on the average unit scope of 680 square feet. The concrete-based structure will also have a 30-foot-long rear yard.
Jakov Saric of Node Architecture, Engineering, Consulting PC is listed as the architect of record.
Demolition permits were filed in August for the residential structure on the site. An estimated completion date has not been announced.
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That new build/expansion or whatever it is next door is ghastly. Too bad this development couldn’t acquire the whole row of lousy SFH’s and subtracted that abomination from the streetscape.
Believe it or not – there are many people who believe in owning their own home within NYC. The Bronx has the lowest home ownership rate of any borough. The Bronx needs MORE not LESS ownership opportunities. Demolishing charming brick homes for rental buildings isn’t the best way to balance things…
No one is suggesting all of Van Cortlandt Village or the East Bronx be bulldozed, but this short stretch of SFH and 2-families framed between large apartment houses is a good candidate for replacement with more density IMO.
The train is not close…. Exactly the kind of place that doesn’t need more density. The only thing that saves it is a lot of co-op buildings up the hill have their own parking
The 1 train is a very reasonable walk away.
The Bronx has a much bigger demand for affordable rentals than owner occupied one to three unit homes.
The whole city has more demand for “affordable rentals”. In fact – so do the suburbs. The idea is balance. The Bronx if it was its own city would be very unbalanced in terms of rental vs ownership. Again the lowest ownership rate of the 5 boroughs. Plenty of Bronx renters would like to own. But they move to the suburbs because there is not enough supply. I know plenty of people. I’m not guessing or just going off what I see on a spreadsheet .. it’s strange people on this site think everyone wants to rent their whole life
The idea that most people need to own a home is part of the problem why we have housing affordability issues.
The real issue is a shortage of affordable 2 and 3 bedroom apartments for families.
Guest. What do you mean “most people”? NYC has the lowest home ownership rate of any city in the country. I can’t say I know the rates the rest of the world but in many other major world cities people own. Look at a city with high quality of life like Singapore. Very densely populated and lots of anpartments. The difference is Singapore – by government mandate – has an high percentage of ownership. Why? They note when people have ann ownership stake they take better care of things. So even moderate income people have apartments built for them to own. And The Bronx itself is 80% renters. That is the catch 22 of why it’s the poorest borough. Part of diversity is income diversity – which is what helps make healthy cities. If the Bronx was its own city it would not be healthy.
And for all we know this can be market rate project and wouldn’t even be affordable. But my point is there would still be no ownership.
I can’t reply in line to your last message but Singapore has a different definition of homeownership than the US.
The vast majority of people in Singapore reside in large muli unit apartment buildings constructed, subsidized and managed by the government. Public housing on 99 year leases. This is considered home ownership in Singapore.
Not sure what is hard to understand. Yes as I said it’s by government mandate. Even though government controls most of the housing market people buy and sell their apartments. Again ownership is the issue. I don’t get what’s so hard to understand. But I guess that’s why we don’t make progress in NY.
Also do you think you actually own land here? Lol! If you don’t pay property taxes in the U.S. your property gets seized.
A beautiful streetscape now ruined.
Yeah at least the older co-ops near by have some nice architecture (and ownership opportunities)..
It’s already been ruined for the last 2 years by the horrid thoughtless turd 2 doors down to the left. The charming aesthetics of the block – which is still intact across the street – are cooked. At this point I hope the rest of this strip gets replaced with apartment buildings. At least more people will have an opportunity to reside in this nice little corner of The Bronx.