BRONX W www.BXTimes.com EEKLY February 17, 2019 2
925 Capital acquires Mott Haven’s ‘best corner’ property
INJURED
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
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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 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 property 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 hop-themed 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
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