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Ariel in $35 Million Sale of Bronx Development Site
Ariel Property Advisors has arranged the $35 million sale of a development site at 138 Bruckner Boulevard in the Mott Haven neighborhood of the Bronx. The site is slated to be developed into a 480 unit luxury residential building with unobstructed views.
The property was sold at $115 per buildable square foot by an Ariel team including Jason Gold, Director, Investment Sales; Victor Sozio, Executive Vice President, Investment Sales; and Daniel Mahfar, Director, Investment Sales.
138 Bruckner Boulevard is situated on a 50,000 square foot lot with over 305,000 buildable square feet in the South Bronx, area.that is appreciating rapidly. The location is a hotbed for investment in recent years for both public and private funding, with the Mott Haven neighborhood in particular seeing significant investment activity.
- ◦Sale/Acquisition
