South Bronx vs. East New York?

Detroit

No question - SoBro

Look at what's happened to the boundary neighborhoods in the other boros - Astoria, LIC, Greenpoint, Williamsburg, Fort Greene, Brooklyn Heights - have all been transformed in the past few years with skyrocketing prices. Even St. George in SI is on the way up. There's every reason to think that if one neighborhood will get hot, it'll be SoBro over East New York which is WAY far out, while SoBro is one stop from Manhattan and 3 stops from midtown. (Indeed, SoBro has been begun to spruce up in the last few years.) Subway accessibility is excellent (2, 4, 5, 6, B, D) and the City is supposedly pouring in hundreds of millions in residential and retail in conjunction with the new Stadium. Mitigating against the appeal of SoBro is the unfixable MASSIVE number of projects which are a serious blight on the neighborhood and can't be replaced, but you have the same issue in East NY.

alanhart, while I think both neighborhoods are far, far away from gentrifying (and I'd argue East New York may never do so), as SWK said, SoBro has a lot more going for it. It really depends on what stage of change you want to get in on (ie: what level of risk you're willing to go for). There are neighborhoods in Manhattan that still have a long way to go (several parts of Harlem, LES), not to mention several Brooklyn and Queens neighborhoods (eastern stretches of Greenpoint, Bushwick, Bed-Stuy, Ridgewood, etc).

I think alan was kidding, but think about it... there's always got to be a 'hood. If it isn't East NY, where, then? People who are clamoring to cling to "old" New York should visit East NY every now and then and then see how they feel about gentrification.
For the record, I like some aspects of old NY, along with some of the new crap.

Yes I was kidding -- I miss this kind of post. But I thought the focus would be on the absurd notion that there will be ANY appreciation in the next several years. The outlying nabes was just icing.

But I agree with your last sentence, broadwayron (for real).

Touche, but interesting way to get your kicks. FWIW, I don't think it's "absurd" that a select few units could still see appreciation. These will have to be pretty special and have no knocks on them, as malraux's alluded to in a couple threads.

Alan, you got me too... I was going to respond, then I saw your last post.

http://www.youtube.com/watch?v=H2MW1aSM7dg

for a really good laugh - first, the skyline 30 years ago - precious
but also, Sunnyside neighbors were shocked and outraged that their
'hood was being negatively portrayed by Hollywood as a nursery for
gangs, so they organized protests, a la the anti-"Cruising"
demonstrations.

South Bronx, BTW, is in fact attracting the exact same type
of young people who used to first look for homes in Manhattan,
then followed their friends and the gossip-mill out to places
like Cobble Hill, Ft. Greene, Williamsburg, Greenpoint, Hoboken,
Jersey City, Astoria, Sunnyside and East 97th Street. There is
even a combination cafe/bar/restaurant/gallery/performance
space on E.135th St. under the Third Ave Bridge overpass,
looking all the world to be the location of Sherman McCoy's
hit and run mishap.

How do these predictions stand up now with the rezoning conversation going on?

I think wonder how he got on?

The current "hot" Sobro neighborhoods are Mott Haven/Port Morris/Melrose. Port Morris is an ACTIVE industrial area. Based on the fact that Fresh Direct literally just constructed a new trucking facility there, I doubt that will change in the near term. Mott Haven and Melrose are both hindered by the fact that NYCHA owns such a high percentage of the real estate. Beyond the obvious housing projects, they own land and apartment houses that don't look like traditional housing projects.

I see the most potential along the Grand Concourse. The southern end (138th-167th) and northern end (Bedford Park Blvd - Moshulu Parkway) are already being actively gentrifying to some degree. The middle (167th-Bedford Park Blvd) is higher risk but also higher potential reward.

Do you think Somerset/Rubenstein's developments is going to have any impact on those areas?

I walked along Grand Concourse (including the fish building) last summer and it has a very long way to go. Buildings in bad condition etc.

Does anyone put stock in the furman center's reports on gentrification?

east new york is slightly more violent than south bronx

what about an area like flatbush?

flatbush is mostly better than south bronx