Sal D'Avola Acquires Multifamily Property On Walton Avenue In Concourse, Bronx For $9.8M

Located at 1177 Walton Avenue in the Concourse neighborhood of Bronx, this multifamily property was recently sold in a closed transaction. The property is zoned as R8 and has a floor area ratio (FAR) of 3.39. The total lot size is 15,000 square feet, with lot dimensions measuring 150 ft x 101 ft. The property underwent an alteration permit of type 3 on June 30, 2015.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,850,931
• Buyer: Sal D'Avola
• Seller: Joseph Friedman
• Market: Concourse, Bronx
• Building Square Feet (BSF): 90,300
• Price per BSF: $109
• Total Square Feet (SF): 50,850
• Price per SF: $193
• Tax Class: 2

The buyer, Sal D'Avola, acquired the property from the seller, Joseph Friedman. The property was sold for a price of $9,850,931, with a building square footage of 90,300 and a price per building square foot of $109. The total square footage of the property is 50,850, with a price per square foot of $193. The transaction took place on June 23, 2021.