Ariel Property Advisors arranges $7 million sale of South Bronx development site

Bronx, NY Ariel Property Advisors (Ariel) arranged the $7 million sale of a development site located at 114 Bruckner Blvd. within the Mott Haven section of the borough.

An Ariel team led by Jason Gold, senior director, and Gabriel Elyaszadeh, associate director, 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,” said 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 s/f corner lot that offers 57,190 buildable s/f “as of right” including 195 ft. of wraparound frontage on Bruckner Blvd. and Brown Pl. The site is eligible to use the “City of Yes” UAP program, which allows up to 68,400 buildable s/f.

The sale marks the third property the team has sold on Bruckner Blvd. in 2025 having arranged the $9.85 million sale of 36 Bruckner Blvd., a development site offering 75,250 buildable s/f as-of-right and 90,000 buildable s/f under the UAP program, along with a 30,000 s/f commercial building at 9 Bruckner Blvd. for $4.5 million.