USANYBronx561 Walton Ave
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$975,000

Sold

3 years ago

561 Walton Ave, Bronx, NY

MLS® H6236944

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $2,706
Approx. Age 1901
MLS® Number H6236944

Property Address: 561 Walton Ave, Bronx, NY, 10451-5289

Average square foot calculated using Size range provided by listing agent.

Description

Legal 10 unit SRO in the rapidly developing neighborhood of Mott Haven. There is a certificate of no harassment in place providing an opportunity for a 3 or 4 family conversion. Property is zoned C4-4 with an FAR of 3.4, equivalent to residential R7-2. This home features 4 levels plus a sub basement. The need for SRO's increased during the pandemic. New York City transferred people from crowded homeless shelters to unused, empty rooms in idled hotels. Since then, federal and state money has been appropriated to help nonprofits buy vacant hotels for conversion into permanent residences, with a priority on housing the formerly homeless. This property offers a few great options which makes it truly intriguing. The property is a short distance from I-87 and the E. 149th #2, #4, and #5 train station. Additional Information: HeatingFuel:Oil Above Ground
MLS® NumberH6236944
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1901
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Mar 24, 2023End Date
$900,000Sold Price

Sold

Mar 11, 2023List Date
$975,000List Price
  • Commute

Commute

Starting Address
Destination Address
561 Walton Ave, Bronx, NY

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