 Bankside development project in the Bronx: Photo Credit: Brookfield Properties If you’re a renter hunting in New York City for a new development with all the bells and whistles, the Bronx might not be your first choice. However, Mott Haven's new developments are set to surprise you. Leading NYC in new housing units, Mott Haven has seen significant growth thanks to two rezonings and major investments. Fully amenitized buildings offer a mix of market rate and rent-stabilized apartments, with luxurious amenities like pools, roof decks, and gyms at rents lower than in Manhattan, Brooklyn, and Queens. In 2023, the Bronx accounted for 35% of new housing in NYC, with Mott Haven and Port Morris seeing 2,326 new units. One standout development is Maven at 2413 Third Ave., a 27-story tower with 200 apartments, 60 of which are rent-stabilized. Amenities include parking, a roof terrace, co-working space, gym, media room, game room, and retail space, with rents for one-bedroom apartments starting at $3,085. The Bruckner House at 40 Bruckner Blvd. offers 365 apartments with amenities like a rooftop lounge, pool, outdoor theater, mini golf, and work spaces. Rents start at $2,657 for a studio. Another exciting project is 138 Bruckner (ONE38), featuring 579 apartments with in-unit washers and dryers, soaking tubs, balconies, an interior garden, gym, sauna, steam rooms, and an Olympic-sized pool. Rents range from $3,100 for a studio to $4,600 for a two-bedroom apartment. The Bankside Development has transformed the neighborhood’s waterfront, offering apartments with rents starting at $3,050 and amenities like a basketball court, indoor/outdoor pools, children’s playrooms, and retail spaces. Estela at 414 and 445 Gerard Ave. is an eco-friendly project with LEED Platinum certification, featuring a courtyard, screening room, concierge, workspace, and gyms. Rents range from $1,486 to $4,141. Conveniently located near Yankee Stadium, the Hip Hop Museum, Fordham University, the Bronx Zoo, and the New York Botanical Garden, Mott Haven is the first subway stop on the 6 line and close to major highways. This makes it easy to access both the city and nature. The area offers a vibrant community with local favorites like The Lit. Bar, Maisonetta, Mae Mae Café, and Chocolate Cortés. The Bronx is experiencing a renaissance, and Mott Haven is at the forefront. With rising interest and ongoing development, now is the time to explore and invest in this vibrant neighborhood. Discover the new Mott Haven and see why it’s becoming NYC's new housing hotspot. For more questions or to schedule a tour of the area with our team, contact The Big City Team at 646-300-2012. Photo credits: Brookfield Properties
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Welcome to the ultimate guide to revolutionizing real estate investment strategy with the 1031 Exchange! Are you a savvy investor looking to grow your property portfolio? Say goodbye to hefty capital gains taxes with the 1031 Exchange. This game-changing approach allows investors to defer taxes on the sale of investment properties by reinvesting the proceeds into similar properties. Why is this significant? It's all about safeguarding and expanding capital. By postponing taxes, investors retain more profits for future investments while exploring new markets and properties without immediate tax worries. Plus, with long-term planning, investors can pass on appreciated properties to future generations with reduced tax liabilities. Imagine selling a property and pocketing a handsome profit. With the 1031 Exchange, reinvest those proceeds to defer taxes indefinitely, maximizing reinvestment potential. Successful investing isn't just about acquisition—it's about astute asset management. With strategies like the 1031 Exchange, investors can turbocharge their financial portfolios and leave behind a lasting legacy. Colin O'Leary, with Berkshire Hathaway HomeServices, is dedicated to helping investors unlock their real estate investment potential. Reach out today at 646-300-2012, and let's turn aspirations into achievements. Stay informed, stay proactive, and keep conquering real estate goals. Finding an apartment in the heart of the Big City can feel like a daunting task, but fear not – Leah Garcia is your trusted guide to finding your perfect home in the city that never sleeps. First things first, let's talk about understanding the costs. New York City's rental market demands upfront payments that can catch newcomers off guard. Prospective tenants need to budget for the first month's rent, a security deposit equal to one month's rent, and a broker's fee, which often amounts to 15% of the total annual rent. These expenses can add up quickly, so it's crucial to be financially prepared. Moving on, let's discuss application strengths. Landlords in NYC typically look closely at credit scores and income levels to assess eligibility. A general rule of thumb is to earn at least 40 times the monthly rent. If income falls short, having a guarantor may be necessary for the lease. Understanding these criteria beforehand will streamline the application process and increase the chances of securing the desired apartment. Now, let's consider location. New York City's diverse neighborhoods offer something for everyone, but it's essential to choose wisely. Factor in commute times and transportation options when selecting a neighborhood. While living in the heart of the city may seem appealing, it's crucial to balance convenience with affordability to find the perfect fit for one's lifestyle and budget. Feeling a bit overwhelmed? Don't worry – expert assistance is available. Navigating NYC's rental market can be complex, but enlisting the help of a seasoned rental agent can help simplify the process. These professionals have insider knowledge, access to premium listings, and negotiation skills that can work to the advantage of both first-time renters and seasoned New Yorkers. In conclusion, renting an apartment in New York City requires careful planning and foresight, but armed with the right information and assistance, it can be a rewarding experience. If you're ready to embark on your apartment hunt or have questions about the process, don't hesitate to reach out to Leah Garcia for a complimentary consultation. You can contact Leah Garcia at 929-571-5742 or via email at [email protected]. Your new home awaits in the city that never sleeps! ------------------------------------------------------ 📲 Let’s Connect! Follow The Big City Team on social media: Instagram ➡️ https://www.instagram.com/thebigcityteam/ LinkedIn ➡️ https://www.linkedin.com/company/thebigcityteam/ Facebook ➡️ https://www.facebook.com/TheBigCityTeam X (Twitter) ➡️ https://twitter.com/TheBigCityTeam Step into the electrifying world of New York City real estate with Colin O'Leary, the founder and team leader of The Big City Team at Berkshire Hathaway HomeServices. Whether you're contemplating a venture into the industry or ready to dive in headfirst, Colin is here to provide invaluable insights to ignite your journey in New York City's dynamic real estate market. For any questions or further guidance on getting started in the NYC real estate business, don't hesitate to reach out to Colin at 646-300-2012. Let's make your real estate dreams in the Big Apple a reality! 🏙️🔑 ------------------------------------------------------ 📲 Let’s Connect! Follow The Big City Team on social media: Instagram ➡️ https://www.instagram.com/thebigcityteam/ LinkedIn ➡️ https://www.linkedin.com/company/thebigcityteam/ Facebook ➡️ https://www.facebook.com/TheBigCityTeam X (Twitter) ➡️ https://twitter.com/TheBigCityTeam |
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November 2024
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The Big City Team
Berkshire Hathaway HomeServices Fillmore 4717 Avenue N, Brooklyn, NY 11234 Colin R. O'Leary Founder & Team Leader Call/Text: 646-300-2012 [email protected] |
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