New York & Tri-State + Uptown/Bronx + Industrial | May 4, 2020

Beethoven Pianos Warehouse Listed in Mott Haven

Development Site Advisors has been hired to sell the Beethoven Pianos warehouse at 2403 Third Ave. in the Bronx’s Mott Haven neighborhood. The family-owned retail business will be relocating in the area and plans to deliver the 38,850-square-foot building vacant at closing. Asking price is $11.5 million.

The existing building was built in 1882 for Jordon Lawrence Mott, the namesake of Mott Haven, and his firm The J. L. Mott Iron Works. It’s located in an Opportunity Zone, directly between Brookfield Properties’ Bankside mixed-use project and a newly-announced, 200-unit apartment complex from RXR Realty Advisors.

The five-story building has appeared in both feature films and documentaries, including “Mott Music,” a Sundance Institute portrait of Beethoven Pianos founder Carl Demler and the store’s employees. The property also has a billboard in place with income on a month-to-month basis.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).