120 East 144th Street Update 04/14/22

Mott Haven Development Site Acquired for $41.5M

A 2-story industrial building, located at 120 East 144th Street in the Bronx's Mott Haven neighborhood has just been acquired for $41.5 million. The structure was purchased by from the previous owner, , and is set to be demolished ahead of a brand new residential development.

About a week ago, Beitel received a $29 million loan from Bridge City Capital for the 13-story project, which would contain residential units. Plans also call for an enclosed parking garage with enough room for vehicles. Designed by , the structure would stand feet tall, with the residential portion totaling square feet.

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