New Affordable Rental Apartments in Bronx NY

Vacan lot for new apartments in Bronx NY
Planned Site of Procida Development Group Affordable Housing Project

The Parkchester community in the Southeast section of Bronx will see some changes in the near future. Two new affordable housing projects are being developed on Newbold and Westchester Ave.

The Procida Development Group is working with Magnusson Architecture and planning to create two complexes that will have 206 affordable housing units. From the view on Google Maps, it appears the buildings will sit on the same piece of property between Newbold Avenue and Westchester Avenue. An article by therealdeal.com referred to them as twin properties. The building on Westchester Avenue will house 82 units, and have 8,000sqft of retail space on the ground floor. The building on Newbold Avenue will house 124 units and have a 1,350sqft community facility.

103 of the units will be reserved for families that make 60 percent or less of the area median income, and the other 103 units will be reserved for families that make 80 percent of the area median income. Procida Development Group has filed a permit application for the building at 2047 Newbold Avenue.

The new affordable apartments in Bronx NY will be just to the south of the 129-acre Parkchester community. Parkchester has been around since the 1940s, and has 171 apartment buildings with 1-, 2- and 3-bedroom apartments. Parkchester is managed by Parkchester Preservation Management at 2000 E Tremont Avenue. The planned community has many retail shops, restaurants, and a medical facility within the confines of the community. The central gathering place of the community will be the Metropolitan Oval that features a water fountain.

For the safety of the residents, PPM has a 24-hour roving patrol with services provided by the Parkchester Department of Public Safety. Residents of Parkchester can choose to park in one of the on-site parking garages or park on the street near their apartment.