Development Site Sells in Residential Hub of the Bronx
Ariel Property Advisors arranged the $7-million sale of a development site located at 114 Bruckner Blvd. within the Mott Haven section of the South Bronx. An Ariel team led by senior director Jason M. Gold and associate director Gabriel Elyaszadeh represented the seller.
“Mott Haven has become the center of new residential development projects in the Bronx and 114 Bruckner Blvd. is situated in the heart of it,” notes Gold. “The Bronx investment sales market experienced a significant recovery in 2025 with development site sales rising nearly 70% in the first half of the year, and we expect this trend to continue into the new year.”
114 Bruckner Blvd. sits on a 9,500-square-foot corner lot that offers 57,190 buildable square feet as of right, including 195 feet of wraparound frontage on Bruckner Boulevard and Brown Place. The site is eligible to use the “City of Yes” Universal Affordability Preference program, allowing up to 68,400 buildable square feet.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout