Updated Feb 27, 2026
Zeta Charter School Acquires Development Site From Matt Sprayregen For $29.66M In Bronx
261 Walton Avenue
$29,660,410
$1,174/SF
Building Size
25,251 SF
Asset Type
Development Site
Closing
Feb 18, 2026
About this deal
AI
The property involved in this transaction is a development site located at 261 Walton Avenue in the Bronx. The sale was finalized for a total of $29,660,410, with a building size of 143,000 BSF and a price per BSF of $207. The square footage of the site is 25,251, resulting in a price per square foot of $1,174.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $29,660,410
- Address: 261 Walton Avenue
- Market: Bronx
- Building Size (BSF): 143,000
- Price per BSF: $207
- Square Footage (SF): 25,251
- Price per Square Foot (PPSF): $1,174
- Buyer: Zeta Charter School
- Seller: Matt Sprayregen - Knickpoint Ventures
The transaction was facilitated by the buyer Zeta Charter School and the seller Matt Sprayregen, who represents Knickpoint Ventures in this deal. Their roles underscore the collaboration between educational interests and real estate development in the Bronx area.
On the Map
$29,660,410
$1,174/SF
Development Site
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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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93