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1240 Walton AveBronx, NY 10452
1240 Walton Avenue
Asset ClassMultifamily
# Stories: 6# Units: 157Square Feet: 171,044Access Data Room
Article XI Tax Abatement Until 2060
overview of deal

Overview

Built in 1928, 1240 Walton Avenue (AKA 100 East 168th Street) is a 6-story 2 S/S elevator apartment building that has 171,044 SF and includes 157 apartments & 1 store. Located on the SE corner of Walton Avenue and East 168th Street, Concourse Village is enriched by prominent landmarks such as Yankee Stadium and Joyce Kilmer Park.

 

The Grand Concourse, a wide boulevard inspired by the Champs-Élysées, runs through the area, offering a diverse range of amenities including dining, shopping, and cultural institutions.

 

  • Asking Price: $11,750,000 | $73,899 PPU | $69 PPSF | 5.6x GRM | 6.4% Cap Rate
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Investment Highlights

  • SE Corner of Walton Avenue and East 168th Street
  • Steps from the Grand Concourse
  • 6-Story S/S Elevator Building
  • 157 Apartments & 1 Store | 171,044 SF
  • Article XI Tax Abatement Until 2060

 

1240 Walton AveBronx, NY 10452

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Listing provided by Revere CRE