NEW YORK, NY – December 5, 2025 – Ariel Property Advisors (Ariel) arranged the $7 million sale of a development site located at 114 Bruckner Boulevard within the Mott Haven section of the South Bronx.

An Ariel team led by Jason M. Gold, Senior Director, and Gabriel Elyaszadeh, Associate Director, represented the seller in the transaction.

“Mott Haven has become the center of new residential development projects in the Bronx and 114 Bruckner Boulevard 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 Boulevard sits on a 9,500-square-foot corner lot that offers 57,190 BSF “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” UAP program, which allows up to 68,400 BSF.

The sale marks the third property the team has sold on Bruckner Boulevard in the past 12 months, having arranged the $9,850,000 sale of 36 Bruckner Boulevard, a development site offering 75,250 BSF as-of-right and 90,000 BSF under the UAP program, along with a 30,000 SF commercial building at 9 Bruckner Boulevard for $4.5 million. Ariel is currently marketing additional development, multifamily, commercial and industrial properties throughout the Bronx.

NOTE: For more information about the Bronx investment sales market, please see Ariel Property Advisors’ Bronx 2025 Mid-Year Sales Report.