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Ben Beitel Acquires Non-residential Vacant Land In Mott Haven, Bronx For $14.5M

Property Image
SOLD
$14,500,000

New York

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20 SF
Sold 11/23/2022
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Property Image
SOLD

Ben Beitel Acquires Non-residential Vacant Land In Mott Haven, Bronx For $14.5M

261 Grand Concourse, The Bronx, New York 10451, United States

See Similar Deals
20 SF
Sold 11/23/2022
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Summary

NEW YORK
Price Per Square Foot:$725,000
Total Square Footage:20 SF
Transaction Type:Sale

The non-residential vacant land located at 261 Grand Concourse in Mott Haven, Bronx, has been sold. The property, which has a lot size of 10,242 square feet, is zoned as C6-2A. The sale took place on November 23, 2022, and the buyer of the property is Ben Beitel. The transaction amount for the sale was $14,500,000.

Summary of transaction details

  • Property Type: Non-residential Vacant Land
  • Transaction Amount: $14,500,000
  • Market: Mott Haven, Bronx
  • Lot Size: 10,242 SF
  • Zoning: C6-2A

Ben Beitel, represented by their broker, was the buyer in this transaction. The property has a building square footage (BSF) of 61,657 and a price per building square footage (PPBSF) of $235. The square footage (SF) of the land is 20,484, with a price per square footage (PPSF) of $707. The property has a floor area ratio (FAR) of 2.00 and a tax class of 4. The permits for a new building on the property were issued on March 29, 2022. The lot dimensions are 20.08 feet x 198.75 feet.

Players

BB
6 deals$510.9M volume
BUYER

Details

SOLD
IMAGE: 11/23/2022 ADDRESS: 261 Grand Concourse MARKET: Mott Haven, Bronx ASSET TYPE: Non-residential Vacant Land ~ ZONING: C6-2A BUYER: Ben Beitel PRICE: $14,500,000 BSF: 61,657 ~ PPBSF: $235 SF: 20,484 ~ PPSF: $707 FAR: 2.00 TAX CLASS: 4 LOT SIZE: 10,242 PERMITS: New Building (03/29/2022) LOT DIMENSION: 20.08 ft x 198.75 ft

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Debt Service Coverage Ratio (DSCR)

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