Shorewood Real Estate Group has acquired 350 Grand Concourse, a prime development site in the Mott Haven neighborhood of the Bronx. The property was sold for $28.5 million by Atlantic Development & Investment, with RIPCO Real Estate representing both parties in the transaction.
Spanning over 31,000 square feet and boasting more than 300 feet of frontage along Grand Concourse, this site is an exceptional opportunity for developers. The RIPCO team involved in this deal included executive managing directors Mitchel Flaherty and Brian Whelan, vice chairman Stephen Preuss and VP of investment sales Kevin Schmitz.
Flaherty expressed his satisfaction with being a part of this sale: “We are thrilled to have played a crucial role in facilitating the sale of such an outstanding development site located within one of Bronx’s most vibrant neighborhoods.” He also highlighted how Mott Haven’s continuous growth as both residential and commercial hub makes it an ideal location for developers to invest in. With its strategic positioning within this dynamic area, 350 Grand Concourse is poised to take advantage of all that momentum.
