Harlem River of the Bronx andManhattan in New York City.
NEW YORK CITY – ZG Capital Partners has acquired the BrucknerBuilding in the Bronx submarket for $65 million. The eight-storyoffice building at 2417 Third Ave. in Mott Haven sits along thewaterfront and is slated to benefit from strong appreciation in theburgeoning market for years to come, according to Bob Knakal,chairman of New York Investment Sales at Jones Lang LaSalle, whooversaw the sale.
"The Mott Haven district is the Bronx's most active developmentzone, with major projects coming to the property's doorstep. Thisrobust activity will change the neighborhood dramatically," Knakalsaid in a prepared statement.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
