ZG Capital Partners Acquires Office Building In Mott Haven, Bronx For $65M

The Bruckner Building located at 2417 3rd Avenue in Mott Haven, Bronx, has been involved in a recent property transaction. The asset, classified as an office space, was the subject of a loan deal.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $44,800,000
• Address: 2417 3rd Avenue (Bruckner Building)
• Market: Mott Haven, Bronx
• Square Footage: 188,000

Ladder Capital provided the loan for this transaction, with a term of 4 years. The landlords involved in the deal are Bobby Zar and James Tamborlane of ZG Capital Partners. The brokerage team from CushWake, consisting of Gideon Gil, Alex Lapidus, Maya Steinberger, and Adam Doneger, represented the parties in the transaction.

It is worth noting that ZG Capital Partners recently purchased the property for $65 million.