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
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.
Players
New York 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
1.88%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93