September 5, 2019
JLL Capital Markets was selected by undisclosed clients to sell 261 Grand Concourse in the Bronx. The 10,242-square-foot development site is located in the Bronx’s thriving Mott Haven neighborhood, and the sellers are asking $12.5 million.
Managing director Karl Brumback, and associates Brian Streilein and Eric Tiefen, make up the JLL group handling this project.
“261 Grand Concourse is an exciting opportunity in the heart of Mott Haven’s booming development market,” said Brumback. “This site lies in an Opportunity Zone, features over 430 feet of frontage and allows construction of between 62,000 and 74,000 square feet across a variety of residential, hospitality and commercial end uses.”
The property at 261 Grand Concourse offers potential for residential, hospitality and commercial uses. The current tenants are all on short-term leases, which are set to expire in June 2021.
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For comments, questions or concerns, please contact Paul Bubny