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

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.