Deals for homebuyers while Port Morris is being revitalized
Bronx realtor William Beltran from Douglas Elliman says Port Morris has “been up and coming for a few years. Investors are going there, along 132nd Street, and purchasing buildings, mostly for retail. The city is redoing the sewer system. It’s getting ready for a lot more changes.” The South Bronx had a hard few decades at the end of the last century. In the 1970s and 1980s, the South Bronx was neglected by developers and city officials, leading to a decline in the neighborhood. Many residents, including German and Puerto Rican immigrants and African Americans, were displaced. Fires, drug use and industrial pollution also plagued the area. Many, if not all, of these difficulties are being mitigated or reversed, thanks to longtime grassroots community organizations that have inspired recent environmental policy at federal and local levels. Industrial warehouses are putting solar panels on their roofs, and peak power plants are in talks to be decommissioned or converted. As a result of these fair political winds, investment is happening, and homebuyers have a chance to find deals in the area before Port Morris becomes revitalized.
Many developers view 132nd st in Port Morris as a great investment for commercial entities.
132nd St in the Port Morris community is a major commercial and industrial area.
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Moderately affordable prices, with a very limited inventory of properties
“Before the pandemic, it was very popular,” says Beltran, “but there aren’t that many residential sales at the moment.” This seemingly temporary lag has led to low prices for the slatted Italianate and Greek Revival row houses that line residential blocks and sit idly between factories and warehouses. A three-bedroom attached row house with original prewar details can be found for under $500,000. Remember, this neighborhood is only two-thirds of a mile from Manhattan.
Three-bedroom attached row-houses are the most common style in Port Morris.
Greek revival row-houses in Port Morris can be found for a good deal.
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Nearby greenspaces at a commutable distance, including Randall’s Island
Despite its waterfront location, there aren’t any official green spaces in Port Morris. Meanwhile, while it is possible to walk one mile to Randall’s Island via the Robert F. Kennedy Bridge, it isn’t something people would consider doing regularly. However, The New York City Mayor’s Office recently announced plans for a walking and biking greenway that will run right through the South Bronx, connecting Van Cortlandt Park with Randall’s Island.
Cycle paths cross the RFK Bridge allowing for access to Randall’s Island from Port Morris.
Barretto Park in Port Morris is a great place to take a walk.
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Public schools with enriching after-school activities, including Hostos-Lincoln Academy of Science
Hostos-Lincoln Academy of Science, a Niche standout school with a B rating, is a public Middle and High School with extensive college counseling and numerous after-school activities that provide academic and social growth: a literary magazine, newspaper, science research group, basketball, dance and drama. For the young ins, pre-K through 5th-grade elementary school, P.S. 48 Joseph R. Drake has a C rating with a rigorous music program and offers a separate dual language program.
Hostos-Lincoln Academy of Sciences, a small school serving grades 6-12 in Port Morris.
Ps 48 Joseph R Drake is a public school located in Port Morris community of Bronx, NY.
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Waste management and commercial development along the waterfront
Numerous waste management facilities along the waterfront are situated in a 96-acre site that has deteriorated through many decades of industrial use. These facilities are located in what used to be the Harlem River Yards, the headquarters of the Harlem River and Port Chester Railroad (HR&PC). A small portion of this site has retained its intermodal rail use limited to solid waste disposal. Nowadays, some call it a burgeoning commercial development, comprising New York Post printing facilities, The Bronx Brewery and a FedEx distribution center.
Port Morris is home to many different waste management companies protecting the city.
Waste management companies in the Port Morris community keep the city clean and safe.
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Several stops on the 6 train, including Cypress Avenue Station
Residents, young and old, will have to walk several blocks to Mott Haven, the next-door neighborhood, to a handful of stops on the 6th train along 138th Street, including the main drag, Cypress Avenue Station. If time isn’t the essence, the 278 expressway cuts through Port Morris and the Willis Avenue Bridge, offering a walking path across the Harlem River toward Manhattan. Plus, Citi-Bike recently put four new bike stations in the neighborhood.
The 6 train lies just a few blocks outside of the Port Morris Neighborhood.
CitiBike is an easy way to get around Port Morris.
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Limited restaurants with a few local gems, including Chocobar Cortés
The neighborhood isn’t exactly known for its restaurants and shops because of limited options. Of those that exist, they are standout gems known to locals and the greater community of New York City’s five boroughs. Chocobar Cortés, a 92-year-old family-owned chocolate maker from Puerto Rico, serves chocolate in pleasantly surprising and often innovative ways. French-Mexican eatery Maisonetta serves up tacos and cocktails alongside creative seafood and meat entrees. Visitors come from around the city to try Pittorro at Port Morris Distillery and craft beer at Bronx Brewery. For groceries, residents must cross under the Major Deegan Expressway and walk to the next neighborhood over, Mott Haven. There, locals can find Shop Fair. Otherwise, more grocers are a few stops away on the 6 train, including Costco, Fairway or Target in East Harlem.
The Bronx Brewery in Port Morris hosts weekly events such as Beer Yoga & Books & Brews.
Chcobar Cortes in the Port Morris community has spectacular food and even better service.
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Crime rates higher than the national average crime and safety
Port Morris has nearly double the national average for crime and safety. With a score between 1 being the lowest crime and 10 being the highest, this neighborhood averaged a 6, two points above the national average of 4.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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Property is in a beautiful location with an asking price below market value!Property is priced to sell quickly reach out ASAP for more info! NEEDS TLC AMAZING FOR END USERS LOOKING TO START WITH SOME EQUITY
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Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
988
Median Age
39
Population Density
3 ppl/acre
Population under 18
22.1%
On par with the national average
23.8%
Population over 65
10.8%
Below the national average
19.1%
Finances
Median Household Income
$61,786
Below the national average
$71,702
Average Household Income
$89,517
Education and Workforce
High School Graduates
61.9%
Significantly below the national average
89.1%
College Graduates
17.2%
Below the national average
34.1%
Advanced Degrees
4.4%
% Population in Labor Force
64.9%
Weather
Annual Precipitation
45''
Average Winter Low Temperature
29°F
Average Summer High Temperature
86°F
Annual Snowfall
25''
Area Factors
Somewhat Bikeable
Bike Score®
48/ 100
Somewhat Walkable
Walk Score®
54/ 100
Excellent Transit
Transit Score®
75/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
