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301 Walton Avenue

Joe Waldman Acquires Development Site At 301 Walton Avenue Bronx For $6M From Mikhail Gomo
SOLDDevelopment Site

Joe Waldman Acquires Development Site At 301 Walton Avenue Bronx For $6M From Mikhail Gomo

301 Walton Avenue

$6,000,000

$222/SF

Building Size

27,000 SF

Asset Type

Development Site

Closing

Sep 3, 2025

AI

The transaction involved a development site located at 301 Walton Avenue in the Bronx. The asset was sold for $6,000,000, with a building square footage of 39,132 and a price per building square foot of $153. Additionally, the site comprises 27,000 square feet, valued at $222 per square foot.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $6,000,000
  • Address: 301 Walton Avenue
  • Market: Bronx
  • Building Square Footage: 39,132
  • Price per Building Square Foot: $153
  • Total Square Footage: 27,000
  • Price per Square Foot: $222
  • Buyer: Joe Waldman
  • Seller: Mikhail Gomo
  • Broker: David Simone - Concourse Realty

The deal involved Joe Waldman as the buyer and Mikhail Gomo as the seller, with David Simone from Concourse Realty representing the seller in this transaction.

Players

David Simone

Concourse Realty

Broker

$143.1M

vol

25 deals

Broker

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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93