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.
Sold for $900,000
$900,000
561 Walton Ave, Bronx, NY 10451
10beds
3,400sqft
MultiFamily
Built in 1901
-- sqft lot
$1,068,000 Zestimate®
$265/sqft
$3,418 Estimated rent
Home value
$1,068,000
$940,000 - $1.20M
$3,418/mo
Zestimate® history
Owner options
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$3,418/mo
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$3,418/mo
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$5,510/mo
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$5,510/mo
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List your homeWhat's special
Empty rooms
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Gas
Features
- Basement: Unfinished, See Remarks, Walk-Out Access
Interior area
- Total interior livable area: 3,400 sqft
Property
Lot
- Size: 1,772 Square Feet
- Features: Near Public Transit
Details
- Parcel number: 023520049
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1901
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Bronx
Financial & listing details
- Price per square foot: $265/sqft
- Tax assessed value: $986,000
- Annual tax amount: $3,029
Price history
| Date | Event | Price |
|---|---|---|
| 11/10/2023 | Listing removed | -- |
Source: StreetEasy Report a problem | ||
| 11/7/2023 | Pending sale | $975,000$287/sqft |
Source: StreetEasy Report a problem | ||
| 11/7/2023 | Listing removed | -- |
Source: StreetEasy Report a problem | ||
| 10/17/2023 | Pending sale | $975,000+8.3%$287/sqft |
Source: StreetEasy Report a problem | ||
| 7/24/2023 | Sold | $900,000-7.7%$265/sqft |
Source: Public Record Report a problem | ||
| 4/6/2023 | Pending sale | $975,000$287/sqft |
Source: StreetEasy Report a problem | ||
| 3/12/2023 | Listed for sale | $975,000+9.7%$287/sqft |
Source: StreetEasy Report a problem | ||
| 1/15/2021 | Listing removed | -- |
Source: OneKey® MLS as distributed by MLS GRID Report a problem | ||
| 11/11/2020 | Price change | $889,000-3.3%$261/sqft |
Source: Besmatch Real Estate #H6015180 Report a problem | ||
| 7/2/2020 | Price change | $919,000-7.1%$270/sqft |
Source: Besmatch Real Estate #H6015180 Report a problem | ||
| 2/15/2020 | Listed for sale | $989,000$291/sqft |
Source: Besmatch Real Estate #6015180 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,029 +1% | $59,160 -4.8% |
| 2024 | $3,000 +4.7% | $62,160 +14.7% |
| 2023 | $2,866 | $54,180 +19% |
| 2022 | -- | $45,540 +4.8% |
| 2021 | -- | $43,440 +15.7% |
| 2020 | $2,660 +1% | $37,560 -2.9% |
| 2019 | $2,634 +7.1% | $38,700 +229.1% |
| 2018 | $2,460 +8.7% | $11,761 +5.9% |
| 2017 | $2,264 +8.1% | $11,104 +6% |
| 2016 | $2,094 | $10,477 +0% |
| 2015 | $2,094 +65.8% | $10,473 +1% |
| 2014 | $1,264 | $10,372 +5.8% |
| 2013 | -- | $9,801 +5.9% |
| 2012 | -- | $9,254 +6% |
| 2011 | -- | $8,731 +0% |
| 2010 | -- | $8,728 +1% |
| 2009 | -- | $8,644 +5.8% |
| 2008 | -- | $8,168 +5.9% |
| 2007 | -- | $7,712 +6% |
| 2006 | -- | $7,276 +0% |
| 2005 | -- | $7,274 +1% |
| 2004 | -- | $7,204 +5.8% |
| 2003 | -- | $6,807 +5.9% |
| 2002 | -- | $6,427 +6% |
| 2001 | -- | $6,064 +0% |
| 2000 | -- | $6,062 |
Find assessor info on the county website
Neighborhood: Concourse
Nearby homes
- $914,600-- bd-- ba3.4k sqft559 Walton Ave, Bronx, NY 10451Off Market
- $850,000-- bd-- ba3.4k sqft557 Walton Ave, Bronx, NY 10451Sold
- $1,155,2006 bd5 ba3.4k sqft565 Walton Ave, Bronx, NY 10451Off Market
- $--2 bd2 ba960 sqft565 Walton Ave APT 2, Bronx, NY 10451Off Market
- $910,2002 bd1 ba3.4k sqft555 Walton Ave, Bronx, NY 10451Off Market
- $--1 bd2 ba-- sqft555 Walton Ave #2, Bronx, NY 10451Off Market
- $--1 bd1 ba-- sqft555 Walton Ave APT 3, Bronx, NY 10451Off Market
- $--1 bd2 ba2k sqft555 Walton Ave APT 1, Bronx, NY 10451Off Market
Nearby schools
GreatSchools rating
- 2/10Ps 18 John Peter ZengerGrades: PK-5Distance: 0.4 mi
- 4/10Bronx Academy Of LettersGrades: 6-12Distance: 0.4 mi
- 2/10Health Opportunities High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- District: Bronx 10
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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