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
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.
Players
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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