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South Bronx Rental Building Purchased for $31 Million, Up $20 Million Within 5 Years

975 Walton Avenue975 Walton Avenue, image via Google Maps

Investor Benzion Kohn has acquired the six-story, 182-rental-unit mixed-use building at 975 Walton Avenue, in The Concourse, for $31 million, per The Real Deal. The previous owners bought the 279,000 square-foot building for about $11.3 million in 2010; commercial space in the structure totals 1,000 square feet.

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