Permit applications have been submitted for a seven-story mixed-use building in the Longwood neighborhood of The Bronx, according to New York YIMBY. The proposed development is sited at 895 Reverend James A. Polite Avenue, at the convergence of East 163rd Street, Westchester Avenue, and Reverend James A. Polite Avenue. The project is attributed to Menacham Harfenes of MJH Construction Corp., who is identified as the owner on the filed applications. The site benefits from proximity to the Intervale Avenue subway station, with access to the 2 and 5 train lines.
ParkPoint Perspective
Permit activity in transit-accessible Bronx corridors like Longwood continues to reflect developer confidence in neighborhoods where land costs remain well below replacement cost thresholds relative to Manhattan and inner Brooklyn. The convergence of three major streets at this site suggests meaningful foot-traffic fundamentals. Investors may read incremental permit filings in supply-constrained outer-borough submarkets as a signal that smaller operators are absorbing development risk — activity worth monitoring for pricing and absorption trends.
Source: New York YIMBY