Beitel Group Acquires Development Site In Mott Haven, Bronx For $9.06M

The development site located at 261 Grand Concourse in Mott Haven, Bronx, was sold in a closed transaction. The buyer, Beitel Group, represented by Ben Beitel, acquired the property from the sellers, Joe McGirl and Gerry O’Donoughe. The deal was facilitated by Karl Brumback and Eric Tiefen from JLL. The sale price for the property was $9,060,000, with a building square footage (BSF) of 55,307. The price per BSF (PPBSF) was $164.

Summary of transaction details:

• Property Type: Development site
• Transaction Amount: $9,060,000
• Address: 261 Grand Concourse
• Market: Mott Haven, Bronx

The key individuals involved in this transaction were Ben Beitel as the representative of Beitel Group, and Joe McGirl and Gerry O’Donoughe as the sellers. Karl Brumback and Eric Tiefen, both from JLL, acted as the brokers in this deal.