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126 Bruckner Blvd
Bronx, NY 10454
Land For Sale
·
0.32 AC
Investment Highlights
- Long-term covered land position with stable income from an existing gas station tenant generating over $105,000 annually.
- Robust development entitlements with up to 99,144 buildable square feet under the UAP framework.
- Prime Bruckner Boulevard frontage with exceptional visibility and immediate access to the Bruckner Expressway, Third Avenue Bridge and 6 train.
- Ability to use 100 percent bonus depreciation due to the active fueling station, significantly improving upfront tax efficiency.
- E-designation allowing future owners to capture meaningful Brownfield Cleanup Program credits, reducing redevelopment costs.
- Located within Mott Haven’s high-growth residential district, surrounded by major multifamily developments that strengthen long-term area demand.
Executive Summary
126 Bruckner Boulevard presents a rare covered land investment offering in the heart of Mott Haven, one of New York City’s most active development corridors. Situated along a highly visible stretch of Bruckner Boulevard, the property delivers immediate scale and exceptional frontage, drawing significant exposure from both local and regional traffic. The asset is positioned between Brook Avenue and St. Ann's Avenue, providing seamless access to the Bruckner Expressway and convenient connectivity to the 6 train, the Third Avenue Bridge and Manhattan’s employment core.
The property’s existing gas station tenant provides durable in-place income, with a lease extending through July 2028 and generating $105,370 in annual revenue, resulting in a strong interim return while future development plans are explored. Its operating status as a functioning gas station allows buyers to unlock the high-value benefit of 100 percent bonus depreciation, a rare tax advantage that materially enhances the asset's cash-on-cash profile in early ownership years.
At 13,770 square feet, the lot offers substantial development potential supported by its MX-1 (M1-5/R8A) zoning. Investors can capture 82,895 buildable square feet as-of-right, or up to 99,144 buildable square feet under the City of Yes UAP density incentive. In addition, the site’s E-designation creates an opportunity to leverage significant Brownfield Cleanup Program tax credits, further improving project economics for long-term developers.
Surrounded by thousands of new residential units delivered or planned in Mott Haven, the property is positioned within an established migration pattern of institutional-grade investment and mixed-use growth. Whether held as an income-producing covered land play or advanced toward future development, 126 Bruckner Boulevard offers a compelling combination of cash flow, tax efficiency and large-scale repositioning potential—an ideal opportunity for long-term investors seeking strategic Bronx exposure.
The property’s existing gas station tenant provides durable in-place income, with a lease extending through July 2028 and generating $105,370 in annual revenue, resulting in a strong interim return while future development plans are explored. Its operating status as a functioning gas station allows buyers to unlock the high-value benefit of 100 percent bonus depreciation, a rare tax advantage that materially enhances the asset's cash-on-cash profile in early ownership years.
At 13,770 square feet, the lot offers substantial development potential supported by its MX-1 (M1-5/R8A) zoning. Investors can capture 82,895 buildable square feet as-of-right, or up to 99,144 buildable square feet under the City of Yes UAP density incentive. In addition, the site’s E-designation creates an opportunity to leverage significant Brownfield Cleanup Program tax credits, further improving project economics for long-term developers.
Surrounded by thousands of new residential units delivered or planned in Mott Haven, the property is positioned within an established migration pattern of institutional-grade investment and mixed-use growth. Whether held as an income-producing covered land play or advanced toward future development, 126 Bruckner Boulevard offers a compelling combination of cash flow, tax efficiency and large-scale repositioning potential—an ideal opportunity for long-term investors seeking strategic Bronx exposure.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Ground Lease (Leased Fee) | Total Lot Size | 0.32 AC |
| No. Lots | 1 | Year Built | 1931 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | R8A / M1-5 / MX-1 - Special mixed-use district paired with a high-density residential district and a light manufacturing district. It offers a 6.02 FAR, allowing for 82,895 "as-of-right" BSF. | ||
| Sale Type | Investment |
| Sale Condition | Ground Lease (Leased Fee) |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.32 AC |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R8A / M1-5 / MX-1 - Special mixed-use district paired with a high-density residential district and a light manufacturing district. It offers a 6.02 FAR, allowing for 82,895 "as-of-right" BSF. |
1 Lot Available
Lot
| Price | $16,028,410 CAD | Lot Size | 0.32 AC |
| Price Per AC | $50,088,781.49 CAD |
| Price | $16,028,410 CAD |
| Price Per AC | $50,088,781.49 CAD |
| Lot Size | 0.32 AC |
The property consists of a 13,770 square foot lot measuring approximately 137.58 feet by 100 feet, featuring prominent frontage along Bruckner Boulevard between Brook Avenue and St. Ann’s Avenue.
Description
126 Bruckner Boulevard is an income-generating commercial land asset located in one of the Bronx’s most rapidly transforming neighborhoods. The property sits within an MX-1 district (M1-5/R8A), allowing for a wide range of residential, commercial and mixed-use development typologies. As-is, the property functions as a single-tenant gas station, providing stable cash flow through July 2028. Investors benefit from the ability to utilize 100 percent bonus depreciation due to the property’s existing improvements, delivering significant federal tax advantages. The site also qualifies for Brownfield Cleanup Program credit opportunities because of its E-designation, enhancing project feasibility for future redevelopment.
Property Taxes
| Parcel Number | 02260-0004 | Improvements Assessment | $280,900 CAD |
| Land Assessment | $159,602 CAD | Total Assessment | $440,502 CAD |
Property Taxes
Parcel Number
02260-0004
Land Assessment
$159,602 CAD
Improvements Assessment
$280,900 CAD
Total Assessment
$440,502 CAD
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