Guido Subotovsky Of Azimuth Development Group Acquires Development Site On Walton Avenue For $24M
1000 Walton Avenue
$24,000,000
Building Size
—
Asset Type
Development Site
Closing
Mar 25, 2025
AI
The property involved in this transaction is a development site located at 1000 Walton Avenue in the Concourse market of the Bronx. The sale price for the asset is $24,000,000. The property is being acquired for likely residential development purposes as indicated in the court filing.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $24,000,000
- Buyer: Guido Subotovsky
- Buyer’s Company: Azimuth Development Group
- Address: 1000 Walton Avenue
- Market: Concourse, Bronx
Guido Subotovsky, leading Azimuth Development Group, signed a contract to purchase the site formerly occupied by All Hallows High School. The transaction was officially disclosed through a court filing.
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93