Updated Sep 19, 2025
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
About this deal
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.
On the Map
$6,000,000
$222/SF
Development Site
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Players
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