Sal D'Avola Acquires Multifamily Property On Walton Avenue In Concourse, Bronx

The multifamily property located at 1097 Walton Avenue in the Concourse neighborhood of Bronx has been sold in a closed transaction. The property, with a lot size of 15,000 square feet, is zoned as R8, allowing for multiple dwelling units. The sale took place on June 23, 2021.

Summary of Transaction Details:

• Property Type: Multifamily
• Address: 1097 Walton Avenue
• Market: Concourse, Bronx
• Zoning: R8
• Buyer: Sal D'Avola
• Seller: Joseph Friedman
• Price: $9,396,273
• Building Square Footage (BSF): 90,300
• Price per BSF: $104
• Total Square Footage (SF): 54,300
• Price per SF: $173
• Floor Area Ratio (FAR): 3.62
• Tax Class: 2
• Permits: Alteration type 2 (01/22/1992)
• Lot Dimensions: 150 ft x 100 ft

The buyer, Sal D'Avola, acquired the property from the seller, Joseph Friedman, for the aforementioned price. The property is an attractive investment opportunity due to its location in the Concourse neighborhood and its multifamily use, allowing for potential rental income. The transaction was completed on June 23, 2021, and involved the alteration permit type 2 issued on January 22, 1992.