Listed by Ariel Property Advisors
$11,750,000
126 Bruckner Boulevard
Details
Property Type Retail, Land
Sub Type Commercial
Square Footage 82,895
NOI $97,098
Lease Expiration 07/30/2028
Lot Size (SqFt) 13,770
Zoning M1-5/R8A MX-1
Retail | 82,895 SqFt
Marketing description
For Sale
Investment highlights
- Expansive 13,770 SF lot featuring 137’ of highly visible frontage along prime Bruckner Blvd, positioned between Brook Ave and St. Ann's Ave
- Covered land opportunity, currently operating as a gas station with a lease expiring in 2028, providing stable interim cash flow
- The R8A / M1-5 / MX-1 zoning designation offers a robust 6.02 FAR, allowing for 82,895 "as-of-right" BSF
- Ideally positioned to capitalize on the City of Yes UAP program, potentially increasing total density to 99,144 BSF
- The site’s "E" designation presents a high-value opportunity to capture significant incentives and tax credits through the NYS Brownfield Cleanup Program (BCP)
- The property positions investors to benefit from 100% bonus depreciation by acquiring an existing gas station
- Immediate access to major transportation arteries, including the Bruckner Expressway and the nearby 6 subway line, providing seamless commutes to Manhattan and beyond
Listing Contacts
Listed by Ariel Property Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,098.00
$8,091.50/mo
Valuation Metrics
0
DSCR
0.83%
Cap Rate
0.83%
ROI
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Property History
Tax History
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