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New York & Tri-State  + Outer  + Apartments  | 
Ariel in $35 Million Sale of Brox Development Site

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.

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Inside The Story

Jason Gold Victor SozioDaniel Mahfar

About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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