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261 Walton Avenue

Updated Mar 9, 2026

Zeta Charter School Acquires Development Site At 261 Walton Avenue For $29.66M
SOLDDevelopment Site

Zeta Charter School Acquires Development Site At 261 Walton Avenue For $29.66M

261 Walton Avenue

$25,500,000

Building Size

—

Asset Type

Development Site

Closing

Feb 18, 2026

About this deal

AI

The property asset involved in this transaction is a development site located at 261 Walton Avenue in the Mott Haven neighborhood of the Bronx. The sale price for the property was $29,660,410, and it encompasses a building square footage (BSF) of 181,310, resulting in a price per building square foot (PPBSF) of $164.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $29,660,410
  • Address: 261 Walton Avenue
  • Market: Mott Haven, Bronx
  • BSF: 181,310
  • PPBSF: $164
  • Buyer: Zeta Charter School
  • Brokers: Jason M. Gold, Victor Sozio & Gabriel Elyaszadeh - Ariel Property Advisors

The key individuals involved in this transaction include Jason M. Gold, Victor Sozio, and Gabriel Elyaszadeh, who acted as brokers representing the buyer, Zeta Charter School. For further inquiries regarding development site opportunities, Jason M. Gold can be reached at [email protected] or by phone at 212.257.1822.

On the Map

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$25,500,000

Development Site

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Players

Jason M. Gold

Ariel Property Advisors

Broker

$1B

vol

60 deals

Broker
Zeta Charter Schools
Zeta Charter SchoolsBuyer
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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

0.62%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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