Sal D'Avola Acquires Multifamily Property In Mount Hope, Bronx For $5.6M

A multifamily property located at 1881 Walton Avenue in Mount Hope, Bronx has been sold in a closed transaction. The property is zoned as R8 and has a lot size of 8,125 square feet. The building has a total square footage of 31,038 and a building square footage (BSF) of 48,912. The price for the property was $5,607,454, resulting in a price per square foot (PPSF) of $180 and a price per BSF (PPBSF) of $114.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,607,454
• Market: Mount Hope, Bronx
• Seller: Joseph Friedman
• Buyer: Sal D'Avola
• Zoning: R8

The seller in this transaction was Joseph Friedman, and the buyer was Sal D'Avola. The property was sold for a price of $5,607,454. The property has a floor area ratio (FAR) of 3.82 and is classified under tax class 2. The property previously obtained permits for alteration type 3 on March 23, 2016. The lot dimensions of the property are 65 feet by 125 feet.