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Ariel Property Advisors Arranges $7 Million Sale Of Multifamily Site At 114 Bruckner Boulevard
SOLD
$7,000,000
New York
See Similar DealsMultiFamily9,500 SF
Sold 01/19/2026
SOLD
Ariel Property Advisors Arranges $7 Million Sale Of Multifamily Site At 114 Bruckner Boulevard
114 Bruckner Boulevard
See Similar DealsMultiFamily9,500 SF
Sold 01/19/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$736
Total Square Footage:9,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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