Bargains at Mott Haven

Bargains at Mott Haven

Plenty of affordable investment opportunities available in the neighbourhood

The look of lots around Mott Haven –located between the Harlem River and the Bruckner Expressway south of East 149th Street, South Bronx – has changed a lot since the 1960s and 1970s. some of them have been transformed into lush community gardens, some others have been converted into subsidized town houses by non-profit developers. Others have never seen their development take place.

Numerous enthusiasts describe the area as challenging but with great potential. There are more than a dozen housing projects along with blocks where recent immigrants, newcomers and families live. The neighbourhood hosts 48 thousand residents. The housing stock is diversifying. The main commercial corridor is being revitalized. Plenty of businesses are opening, thus increasing street life. Industrial areas on the western edge have been rezoned to promote new housing. East 138th Street hosts a community of artists who exhibit their works out of their own homes. The area is described by residents and brokers as a quiet place to live. It is close to Manhattan and offers efficient public transport. Analysts are optimistic about its housing development.

There are numerous affordable investment opportunities in the area: there are three-storey brownstones, yellow-faced brick town houses, one- and two- family buildings. Buying a house here is a bargain. Prices of beautiful houses in move-in conditions are under $ 500,000. The average price for a two-family house is around $ 425,000; a one-family house costs about $ 275,000. The price of four-family houses amounts to $ 400,000 approximately.

The rental of two-bedroom homes and of one-bedroom dwellings – which may include some spacious lofts – ranges between $1,300 and $1,800 a month. Smaller units are listed for $ 1,000 or less.

Read the following article to learn more about the real estate market in New York and the USA:

Related Insights

Real Estate Listings

Cod. 34927

For sale Hotel, Nicaragua, Leon, Leon, Carretera a Poneloyas

For sale

2000 m²
This Hotel *** Restaurant Boutique is a charming hideaway. Located at the doors of Leon, City of Revolution, this tropical oasis offers 10 bedrooms (6...
Cod. 32660

For sale Other (Land), Nicaragua, Rivas, el ostional, frente a la bahia

For sale
Other (Land)

1920 m²
THE “OSTIONAL” Beach Lots off the shores of Ostional Beach just 9 km from the border with Costa Rica (EL MOJON). Land with utilities water and electr...
Cod. 31691

For sale House, Nicaragua, Rivas, Santa Theresa, Ometepe Island

For sale

2700 m²
JUST REDUCED!!! MUST SELL!!! This is a newly constructed 2 bedroom and 1 bathroom home on a beautiful 6.5 acre piece of view property and close to f...
1 / 5
  1. Preferences

    For a better use of Realigro website, set your preferences for language, currency, square meters or sq ft.

    Set now Don't show again