Another Property Sold in Bedford Park

By DAVID CRUZ

Bedford Park is becoming the bedrock of development.

The latest is the purchase of an abandoned piece of property at 232 East 201st St., which was at one point the home of squatters.

Ariel Properties executed the sale for an undisclosed buyer for $650,000, translating to $36 per buildable square feet. It’s located at the corner of Valentine Avenue and 201st Street, deemed a R8 zoning district. Developers can build upwards to 17,982 buildable square feet as-of-right or 19,416 should developers work community space into the development.

“With direct access to Grand Concourse and the Bronx Botanical Gardens, 232 East 201^st Street offered developers a unique opportunity to develop a boutique multifamily in a central Bronx location ,” said Scot Hirschfield, vice president at Ariel Property Advisors.

The latest purchase makes it another purchase of property buying in Bedford Park, a neighborhood that’s home to a mix of residential developments and private houses.

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Welcome to the Norwood News, a bi-weekly community newspaper that primarily serves the northwest Bronx communities of Norwood, Bedford Park, Fordham and University Heights. Through our Breaking Bronx blog, we focus on news and information for those neighborhoods, but aim to cover as much Bronx-related news as possible. Founded in 1988 by Mosholu Preservation Corporation, a not-for-profit affiliate of Montefiore Medical Center, the Norwood News began as a monthly and grew to a bi-weekly in 1994. In September 2003 the paper expanded to cover University Heights and now covers all the neighborhoods of Community District 7. The Norwood News exists to foster communication among citizens and organizations and to be a tool for neighborhood development efforts. The Norwood News runs the Bronx Youth Journalism Heard, a journalism training program for Bronx high school students. As you navigate this website, please let us know if you discover any glitches or if you have any suggestions. We’d love to hear from you. You can send e-mails to norwoodnews@norwoodnews.org or call us anytime (718) 324-4998.