The South Bronx is suddenly booming with new construction. Most of the action is happening along the waterfront in Mott Haven and Port Morris, but investors looking for cheaper properties have started paying attention to neighborhoods below the typical real estate radar, like Highbridge.
Property owner Shahin Badaly, doing business as an anonymous Mount Vernon, N.Y.-based LLC, has filed application for a four-story, 10-unit residential building at 1072 University Avenue, in Highbridge. The structure will measure 6,452 square feet, which means its residential units should average 645 square feet apiece, indicative of rental apartments. There will be two to three per floor. Mount Vernon-based SJBP Consulting Engineers is the applicant of record. The 27-foot-wide, 2,673-square-foot property is currently vacant. The site is located eight blocks from the 167th Street on the 4 train.
A long-vacant South Bronx lot in Highbridge may become new housing. Building applications were filed last week to develop eight stories of apartments at 1285 Edward L Grant Highway, on the corner of West 169th Street.
The South Bronx continues to boom with new affordable and supportive housing projects. Non-profit Services for the Underserved hopes to build a seven-story apartment building at 1434 Undercliff Avenue, in the Highbridge section of the Bronx.
One of the hundreds of vacant lots in the South Bronx is about to become supportive housing. A non-profit organization has filed plans for a six-story residential facility at 1084 Ogden Avenue in Highbridge, a western Bronx neighborhood just north of Yankee Stadium.