Updated Jan 21, 2026
Ariel Property Advisors Arranges $7 Million Sale Of Multifamily Site At 114 Bruckner Boulevard
114 Bruckner Boulevard
$7,000,000
$736/SF
Building Size
9,500 SF
Asset Type
MultiFamily
Closing
Jan 19, 2026
About this deal
AI
A 9,500-square-foot multifamily development site located at 114 Bruckner Boulevard in the Bronx has been sold for $7,000,000. This particular site is eligible for 68,400 buildable square feet under the City of Yes program, enhancing its potential for development in the area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Square Footage: 9,500
- Price per Square Foot: $737
- Address: 114 Bruckner Boulevard
- Market: Bronx
The sale was arranged by brokers Jason M. Gold and Gabriel Elyaszadeh from Ariel Property Advisors, representing the parties involved in this transaction.
On the Map
$7,000,000
$736/SF
MultiFamily
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Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93