Zeta Charter Schools files plans for 156k sf school in Mott Haven

Zeta Charter Schools submitted a new building construction project for a 155,865-square-foot school building at 283 Walton Avenue in Mott Haven, Bronx. The plan was filed on April 17, 2026. It calls for the construction of a 125-foot-tall, eight-story building and was filed with the New York City Department of Buildings under job number X01384282. The project is described in the filing as: construction of new building taking place at 283 Walton Ave. The applicant is the registered architect Matthew McChesney of KSS Architects LLP.

Zeta Charter Schools through the entity 261 Walton Facility LLC paid $29.7 million to Knickpoint Ventures through the entity Tuck-It-Away Associates-Deegan, LLC for the development site (V0) at 261 Walton Avenue in Mott Haven, Bronx. The expected use is ground up development.

The deal closed on February 19, 2026 and was recorded on March 4, 2026.

The neighborhood

In Mott Haven, The bulk, or 45 percent of the 41.7 million square feet of commercial built space are elevator buildings, with industrial buildings next occupying 23 percent of the space. In sales, Mott Haven has near average sales volume among other neighborhoods with $353.5 million in sales volume in the last two years and is the highest in Bronx. For development, Mott Haven has near average amount of major developments among other neighborhoods and is the 2nd highest in Bronx. It had 3.5 million square feet of commercial and multi-family construction under development in the last two years, which represents 8 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of nine of the 11 commercial properties representing 319,882 square feet of the 351,966 square feet. The largest owner is Altmark Group, followed by Beitel Group and then Family Life Academy Charter Schools.
On the tax block, there were six new building construction projects totaling 940,020 square feet. The largest is a 470-unit, 306,893 square-foot residential (R-2) building submitted by Beitel Group and filed by Binyamin Beitel with plans filed January 13, 2022 and permitted April 4, 2024. The second largest is a 240-unit, 192,026 square-foot residential (R-2) building submitted by Michael Lichtenstein and filed by Yechial Lichtenstein with plans filed February 28, 2022 and permitted June 11, 2024.

The Owner

The PincusCo database currently indicates that Zeta Charter Schools owned at least four commercial properties in New York City with 53,620 square feet and a city-determined market value of $4.8 million. (Market value is typically about 50% of actual value.) The portfolio has $248.7 million in debt, borrowed from Build NYC Resource Corporation and Bank of New York Mellon trustee. Within the portfolio, the bulk, or 100 percent of the 53,620 square feet of built space are industrial properties, with specialty properties next occupying 0 percent of the space. They are all located in Bronx.

The surrounding

Within a 400-foot radius of 283 WALTON AVENUE, PincusCo identified seven commercial real estate items of interests occurred over the past 24 months.
Of those seven items, two were in new building development. There were one new building permit application and one new building permit. The most recent of these two items was a filing on December 16, 2025 for a 98,632-square-foot residential (R-2) building with 183 residential units at 110 East 138th Street.
Of those seven items, one was for major renovation including a certificate of occupancy change. It was a permit application filed on December 11, 2025 for the $3.7 million renovation of 29,385-square-foot residential (RES) building with 40 residential units at 124 East 140th Street.
One of those seven items was a sale which Joel Waldman and Leah Waldman bought the 27,425-square-foot, eight-unit industrial (F9) on 301 Walton Avenue for $6 million from Michael Gomolinsky and Richard Gomolinski on September 16, 2025.
Of those seven items, three were loans above $5 million totaling $276.8 million. The most recent of the three was Joel Waldman and Leah Waldman in which borrowed $8.9 million from IceCap Group secured by the 27,425-square-foot, eight-unit industrial (F9) on 301 Walton Avenue on September 16, 2025.

Direct link to the property ACRIS page and link to DOB NOW portal.