Yates Restoration Sells Development Site At 36 Bruckner Boulevard In Mott Haven For $9.85M
36 Bruckner Boulevard
$9,850,000
Building Size
—
Asset Type
Development Site
Closing
Sep 26, 2024
AI
The property involved in this transaction is a development site located at 36 Bruckner Boulevard in the Mott Haven market. The sale price for the asset was $9,850,000, covering 75,250 BSF, resulting in a price per BSF of $131. This is the first time the property has traded hands since 1982.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,850,000
- Address: 36 Bruckner Boulevard
- Market: Mott Haven
- BSF: 75,250
- Price per BSF: $131
- Seller: Yates Restoration
- Brokers: Jason M. Gold & Gabriel Elyaszadeh - Ariel Property Advisors
Jason M. Gold and Gabriel Elyaszadeh represented the seller, Yates Restoration, in this transaction. They have invited potential clients to reach out for asset evaluations related to similar development site deals throughout the Bronx.
Players
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.61%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93