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721, 735, & 751 Walton Ave 3 Multifamily Properties in Bronx, NY
Investment Highlights
- Three contiguous elevator buildings totaling 338 units.
- Located two blocks from Yankee Stadium.
- Potential tax abatements through planned solar installations.
- Approximately 360,874 gross square feet across the portfolio.
- Access to the 2, 4, 5, B, and D subway lines.
- mbedded upside from ongoing façade restoration improvements.
Executive Summary
721, 735, and 751 Walton Avenue present a rare opportunity to acquire three contiguous elevator apartment buildings totaling 338 units in the Concourse neighborhood of the Bronx. The portfolio spans approximately 360,874 gross square feet and offers investors immediate scale within one of New York City's established multifamily submarkets. Located approximately two blocks from Yankee Stadium, the properties benefit from convenient access to the 2, 4, 5, B, and D subway lines, providing residents with direct connectivity to Manhattan and the broader metropolitan area.
The portfolio combines substantial in-place residential income with multiple value-enhancement opportunities. Planned rooftop solar installations are expected to generate tax abatements while delivering rooftop and electrical system improvements. Ownership may also benefit from embedded upside associated with a partially completed Local Law 11 façade restoration project, which creates the potential for future MCI-related rent increases upon completion. The combined scale of the three contiguous assets supports operational efficiencies while providing long-term repositioning and asset management flexibility.
Each property contributes a distinct component to the overall investment profile. The portfolio includes regulated residential housing, existing retail income, and available development potential through significant remaining air rights. Situated within a densely populated residential corridor near major transportation infrastructure, employment centers, retail destinations, and recreational amenities, the Walton Avenue portfolio offers a substantial multifamily investment opportunity with both current income and future growth potential.
The portfolio combines substantial in-place residential income with multiple value-enhancement opportunities. Planned rooftop solar installations are expected to generate tax abatements while delivering rooftop and electrical system improvements. Ownership may also benefit from embedded upside associated with a partially completed Local Law 11 façade restoration project, which creates the potential for future MCI-related rent increases upon completion. The combined scale of the three contiguous assets supports operational efficiencies while providing long-term repositioning and asset management flexibility.
Each property contributes a distinct component to the overall investment profile. The portfolio includes regulated residential housing, existing retail income, and available development potential through significant remaining air rights. Situated within a densely populated residential corridor near major transportation infrastructure, employment centers, retail destinations, and recreational amenities, the Walton Avenue portfolio offers a substantial multifamily investment opportunity with both current income and future growth potential.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 355,362 SF |
| Number of Properties | 3 | Total Land Area | 1.93 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 355,362 SF |
| Total Land Area | 1.93 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 751 Walton Ave, Bronx, NY 10451 | Multifamily | 141,508 SF | 1927 | - |
| 724 Gerard Ave, Bronx, NY 10451 | Multifamily | 112,854 SF | 1928 | - |
| 735 Walton Ave, Bronx, NY 10451 | Multifamily | 101,000 SF | 1928 | - |
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Contacts
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Robert Shapiro -
Judah Hammer -
Nicholas Kontos -
Jeff Feldman -
Ian Brooks -
David Garcia -
Shlomo Weissberg -
Cushman & Wakefield
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721, 735, & 751 Walton Ave
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