Another Port Morris Property Sells, This Time For $32 Million

Just around the corner (literally) from 2417 Third Avenue — the loft building that is under contract for $31 million, 101 Lincoln has just sold for $32 million.  This property sits across from Bruckner Bar and Grill Mott Haven Bar and Grill and according to the Real Deal the developer can build up to an 800,000 foot building on the site.

The property also benefits from 518 feet of direct frontage to the Harlem River says the article in the Real Deal.

With the market-rate lofts on Alexander Avenue under construction and the pending sale of 2417 Third Avenue the area is only going to get more interesting.  What will be constructed at this site only time will tell but if anyone thinks gentrification isn’t creeping into the South Bronx, they have another thing coming for them.  The area is too close to Manhattan with such easy access via public transportation.

101 Lincoln Avenue sits right next to the Third Avenue Bridge and the pedestrian walkway used by thousands of folks a day who cross the bridge into Harlem.

What do you think about these big sales happening all at once in the South Bronx?

The continuing changing character from industrial to residential further shows that FreshDirect does NOT belong at the site adjacent to 101 Lincoln Avenue.  Who would want to live next to thousands of trucks running by day and night?

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