2351 Walton Avenue

Owner: Urban Resource Institute

Acquired: March 15, 2023, $28.3 million

Debt: March 15, 2023, $29 million

Built: 2022

Renovated: 2018

SF: 36,161

Dwelling units: 61

No. of buildings: 1

Class: Semi-fireproof (Without Stores) (D1)

Floors: 12

Transactions:

• Company sold 2351 Walton Avenue, Fordham Heights, Bronx for $0 to company on March 15, 2023.

• Urban Resource Institute borrowed $29 million from UMB Bank for 2351 Walton Avenue, Fordham Heights, Bronx on March 15, 2023.

• Company sold 2351 Walton Avenue, Fordham Heights, Bronx for $28.3 million to Urban Resource Institute on March 15, 2023.

Development:

• Fari Hama filed plans for alteration in Fordham Heights, Bronx, on May 24, 2022.

• Fari Hama filed plans for alteration in Fordham Heights, Bronx, on April 27, 2022.

• Steven Mount filed plans for alteration in Fordham Heights, Bronx, on March 04, 2022.

• Fari Hama filed plans for alteration in Fordham Heights, Bronx, on February 23, 2022.

• Fari Hama filed plans for alteration in Fordham Heights, Bronx, on October 08, 2021.

Violations:

According to city public data, the properties have received $2,500 in ECB penalties, one housing violation, and $3,050 in OATH penalties in the last year.