Media Mentions
Development Site Advisors Hired to Sell the Famed Beethoven Piano Factory Building in Mott Haven, Bronx for $11.5M
Apr 30 , 2020 City Biz List & News Break
The Building, built for and once owned by J.L. Mott, the individual Mott Haven was named after.
Located directly in-between Brookfield Properties Mega-Development “Bankside” and RXR Realty’s newly planned 200-Unit Complex.
Development Site Advisors® has been hired exclusively by ownership to arrange for the sale of 2403 Third Avenue, Bronx, NY. The approximate 48.88’ x 191.43’, 9,038 sq. ft. lot is improved by a 38,850 square foot, 5-story, dual elevatored warehouse building with a 12’ frontage driveway. The Property is located in the Mott Haven neighborhood of The Bronx, 150 feet from the Third Avenue Bridge.
The Property is also located in a Qualified Opportunity zone and is 3-blocks away from 138th Street Station which operates the 4, 5 and 6 trains.
The 5-story building was originally constructed for J.L. Mott, the individual Mott Haven was named after. The existing building was built in 1882 (Architects: Babcok & McAvoy, Builders: J. & W.C. Spears & T Overington) for Jordon Lawrence Mott and his firm “The J. L. Mott Iron Works. The firms name is still etched in designed brickwork on the facade facing the river.
The building is currently owned and operated by the famed “Beethoven Pianos”, who will be relocating in the area and plans to deliver the building vacant at closing. The Property also has a Billboard in place with income on a month to month basis. The famed building has also been featured in numerous films such as “The Secret Life Of Walter Mitty” with Ben Stiller, a Sundance Documentary: “Mott Music”, “The Final Note” and “The Piano Tuner”.
The site is zoned M1-3/R8 within the Special Harlem River Waterfront District (HRW) rezoning area. This zoning allows for a total of 55,067 square feet of Residential ZFA, 59,458 Facility ZFA and 45,737 Commercial ZFA.
2403 Third Avenue is situated directly in-between RXR Realty’s recently purchased development site with plans filed to construct a new 297 feet tall, 27-Story, 165k SF, 200-unit apartment building; and Brookfield Properties’ mega-development dubbed “Bankside” which will be over 1million sq. ft. and have 1,350 apartments, 15k sq. ft. of retail, an educational and community center and feature a public waterfront park and promenade.
The asking price on the property is $11,500,000.
Development site advisors® is the only firm in New York City that solely focuses on the development site sector. More information on the listing and firm can be found at developmentsites.com.