925 Capital acquires Mott Haven’s ‘best corner’ property
BY ALEX MITCHELL
Add one more project to
the ever so developing south
Bronx waterfront by the Third
Avenue Bridge.
This one is coming to 259 E.
134th Street, across from Double
Dutch Espresso and The
Compound art gallery.
Developed by 925 Capital,
a Manhattan-based development
fi rm that was one of the
fi rst to notice the real, real estate
value of the south Bronx
over six years ago under the
leadership of President Jonathan
Yunason.
925 Capital’s newest acquisition
is a 4,575 square foot
building in what Yunason described
as the heart of Mott
BRONX TIMES REPORTER, F 6 EBRUARY 15-21, 2019 BTR
Haven.
Currently the property’s
second fl oor is utilized as a
music recording studio, and
can be reformatted as a boutique
offi ce space or as additional
space for a ground fl oor
tenant.
The ground fl oor tenant
will have access to a glass-encased
open space in the front,
similar to the design concept
being executed at 101 Bruckner
Boulevard, a 37,500 square
foot single fl oor retail prop-
erty with a rooftop recently
acquired by 925 Capital.
Once the property undergoes
rehabilitation, it’s expected
reopening will be in
about six months.
Yunason’s mantra when it
comes to the south Bronx is to
allow creativity to fl ourish, he
said, noting that 925 Capital’s
plan is to completely re-position
this industrial building
as a new offi ce or retail space
and that ownership is willing
to make the necessary investments
for the right tenant.
Like 101 Bruckner, 925
Capital is specifi cally seeking
the ‘right’ tenant, a creative
one, to come into 259 E. 134th
Street to keep the “spirit of the
south Bronx.”
Yunason’s said a ground
fl oor restaurant that would
also utilize the front patio
space that’s easily accessed
through a pair of exterior
glass doors during warmer
months, would fi t his vision.
He called that corner, adjacent
to the Third Avenue
Bridge, “the best corner in
Mott Haven,” citing the plethora
of new restaurants and
retail that’s coming into the
community.
Yunason and 925 Capital
have also expressed their intention
to become a part of that
community, committing the
development team to working
alongside, and complementing,
the vibrant, trending and
emerging business and retail
climate that already exist.
He credited neighboring
businesses like Bronx Native
clothing at 112 Lincoln Avenue
and Beatstro, the hip hopthemed
restaurant , for making
135 Alexander Avenue one
of the coolest blocks in the
Bronx.
“We love the spirit here and
we want to be a part of this,”
Yunason said.
“925 also expects the demand
for commercial space to
spike over the coming years,
with the delivery of more and
more residential units, especially
the Brookfi eld project”
he added on.
The Brookfi eld project will
be constructed on a large waterfront
parcel alongside the
Third Avenue Bridge that will
be one of the south Bronx’s
most elegant and upscale developments,
which sources believe
is still roughly fi ve years
away.
Yunason stressed his belief
that the development trends
in both Port Morris and Mott
Haven, two predominantly industrial
zones, will cause very
little tenant displacement.
Completed rendering of 259 E. 134th Street.
925 Capital