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126 Bruckner Blvd, The Bron...

Altmark Group & Artimus Construction Acquire Development Site At 126-130 Bruckner Boulevard, Mott Haven, Port Morris For $8M
SOLDDevelopment Site

Altmark Group & Artimus Construction Acquire Development Site At 126-130 Bruckner Boulevard, Mott Haven, Port Morris For $8M

126 Bruckner Blvd, The Bronx, NY 10454, USA

$8,000,000

$8/SF

Building Size

910,000 SF

Asset Type

Development Site

Closing

Mar 4, 2020

AI

Located at 126-130 Bruckner Boulevard, this development site in Mott Haven, Port Morris recently closed for a price of $8,000,000. The site spans a total buildable area of 91,000 square feet, resulting in a price per buildable square foot (PPBSF) of $88. The property is zoned as M1-5/R8A/MX-1, providing flexibility for future development plans.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $8,000,000
  • Buildable Square Feet: 91,000
  • Price per Buildable Square Foot (PPBSF): $88
  • Address: 126-130 Bruckner Boulevard
  • Market: Mott Haven, Port Morris
  • Zoning: M1-5/R8A/MX-1

The buyers involved in this transaction are @AltmarkGroup and Artimus Construction. Their expertise and experience make them well-suited to take on the future development of this site, leveraging its prime location and development potential. Notably, the site is currently leased by Speedway, offering a steady income stream for the buyers.

Players

A
AltmarkGroupBuyer

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93