Updated Dec 21, 2023
Anshel Fridman Acquires Development Site In Mott Haven, Bronx For $8.4M
91 Bruckner Boulevard, The Bronx, New York 10454, United States
$8,425,000
$138/SF
Building Size
61,000 SF
Asset Type
Development Site
Closing
Jan 3, 2022
About this deal
AI
The development site located at 91 Bruckner Blvd. & 402-406 East 134th Street in Mott Haven, Bronx has been sold for a total of $8,425,000. The property is zoned as M1-2/R6A, MX-1 and spans approximately 61,000 square feet. The transaction took place on January 3, 2022.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,425,000
- Address: 91 Bruckner Blvd. & 402-406 East 134th Street
- Market: Mott Haven, Bronx
- Zoning: M1-2/R6A, MX-1
Anshel Fridman has acquired the property from Jeffrey Fiedler. The deal was facilitated by Michael Saidian from Capital Property Partners, who represented the buyer in the transaction.
On the Map
$8,425,000
$138/SF
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.88%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93