The South Bronx is already seeing major investment, and even more is coming. But for the longtime residents of tenement-like buildings, like the one at 700 East 134th Street in Port Morris, are bracing for massive rent hikes. Many residents in the area do not have leases and pay around $1,000 a month for their apartments, according to the New York Times, they could soon pay much more. A microcosm of what is happening across the South […]