Each year, StreetEasy—the real estate website—puts out a list of top ten neighborhoods they think will be the next “hot” area and without fail, the media follows and reports it as something that’s based on factual evidence.
The fact of the matter is that these lists issued by StreetEasy only takes into account its own data and not the entire big picture.
Although Kingsbridge is attractive to many Bronxites for the reasons listed in their post such as shopping and affordability, that’s pretty much it for other folks searching for something with an easy commute.
The greatest interest will always be in neighborhoods closest to midtown and downtown Manhattan and that’s something Kingsbridge isn’t by any stretch of the imagination.
Just like last year they predicted Jamaica, Queens and Pelham Parkway in The Bronx to be the next “it” neighborhoods, this prediction too will fall flat on its face.
Investors and developers are literally spending over a billion in development in The South Bronx, a figure that represents almost half the Bronx’s total in Community Board 1 covering Melrose, Mott Haven, and Port Morris.
Kingsbridge hasn’t seen even a fraction of this interest.
This isn’t to say not to be vigilant as we’ve seen greedy landlords trying to push out long term commercial tenants as they tried once plans for the Armory were announced—we always have to worry—but gentrification ain’t happening any time soon up there so y’all can breathe a little bit more easily.
Real Estate websites need to stop this sensationalism and pushing speculators into neighborhoods.
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