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The Bronx may not be known as NYC's most glamorous borough, but a drive through the city's northernmost section reveals signs of renewal and development that would've been almost unthinkable just a few years ago.

The Rise and Fall of New York Public Housing: An Oral History

From new apartment construction along the Grand Concourse across from Poe Park, to the residential conversion of existing loft buildings in Mott Haven, the number of cranes and sidewalk construction-site sheds point to big changes afoot. There has been some condominium development in the borough, explains Jason Gold, who leads the Bronx sales team for Ariel Property Advisors, a real estate investment advisory and brokerage firm based in Manhattan.

Another nearby condo project by Rosenberg Properties is slated to begin shortly. The developers are major players. Another well-known Roxannes massage Solna property in Mott Haven is Bronx Bricks, where sales began in — but again, the bulk of this new wave of residential development seems to be rental, rather than condo or co-op.

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One factor affecting developers' decision to build rentals rather than condominiums is purely Lulea dress fat bride. The long-term profit from rentals is simply higher than from condominiums. Several factors are at play here, including tax considerations upon sale of the units, and how they are treated under federal income tax rules — as well as the lack of serious disparity between market rents and rents for affordable housing.

Wengroff points hosues Huskvarna houses bronx they are nearly the same, encouraging developers to build rental housing for long-term hold and investment. There is indeed a market for co-op apartments and resales in the Bronx — a fact that may come as a surprise to.

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