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Explore Mott Haven Neighborhood in New York City

Real Estate New Developments

General Information

Mott Haven is a neighborhood in the South Bronx that has been undergoing significant revitalization over the past few years. Known for its rich cultural history, Mott Haven was once an industrial hub, but today it is emerging as a vibrant, up-and-coming residential area. The neighborhood is home to a diverse community, with a mix of long-time residents and new arrivals drawn by its affordability, proximity to Manhattan, and growing amenities. Mott Haven offers a variety of cultural institutions, including art galleries and performance spaces, reflecting its evolving identity as an artistic and cultural center. The Bronx's access to the waterfront, green spaces, and public transportation options make Mott Haven an increasingly attractive location for those seeking a blend of urban living and suburban-style amenities.

Real Estate Information

The real estate market in Mott Haven is currently experiencing a period of growth and transformation. Once considered an affordable alternative to more expensive neighborhoods in Manhattan and Brooklyn, property values have been rising steadily as demand for housing in the Bronx has increased. The area features a mix of affordable housing options, including older buildings, pre-war townhouses, and new construction projects. The influx of new developments, such as luxury condominiums and mixed-use buildings, has been a key factor driving this growth. Mott Haven's real estate market is appealing to both investors and individuals looking for more affordable housing in proximity to Manhattan, as the neighborhood offers a combination of value and potential for future appreciation.

Historical/Interesting Facts

Mott Haven has a deep historical legacy that dates back to the 19th century, originally developed as an industrial and residential area in the wake of the construction of the Harlem River Ship Canal. The neighborhood's name comes from Jordan Mott, a wealthy iron manufacturer who played a significant role in the area’s early development. In the 20th century, Mott Haven was known for its industrial factories and working-class homes, but like many neighborhoods in the Bronx, it experienced a period of decline during the mid-20th century. In recent decades, however, Mott Haven has begun to see a renaissance, with new investments, arts initiatives, and community development projects breathing new life into the area. The neighborhood is now on the cusp of becoming a central hub for both cultural innovation and urban living, with a renewed focus on community and preservation of its historic landmarks.

Properties Statistics

Total Properties

8

Median Asking

$612,624.75

Sale Price/ft²

$344.34

Average Days on Market

9 days

Average Home Age

84 years

Based on results from 8 properties

Buildings in this Sector

FAQ about Mott Haven