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Marcus & Millichap Sells DaVita Dialysis Net-Leased Medical Office In Bronx For $4.2M

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SOLD
$4,200,000

New York

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Medical Office14,110 SF
Sold 08/07/2025
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SOLD

Marcus & Millichap Sells DaVita Dialysis Net-Leased Medical Office In Bronx For $4.2M

1615 Eastchester Road

See Similar Deals
Medical Office14,110 SF
Sold 08/07/2025
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Summary

NEW YORK
Asset Type:Medical Office
Price Per Square Foot:$297
Total Square Footage:14,110 SF
Transaction Type:Sale

The sale involved a 14,110-square-foot net-leased DaVita Dialysis medical office property located at 1615 Eastchester Road in the Bronx. The asset, categorized as Medical Office, sold for $4,200,000 in the Bronx market, at approximately $298 per square foot.

Summary of transation details:

The deal was led by Marcus & Millichap brokers Daniel Chumbley, Sean Sharko and Austin Weisenbeck, who represented the seller and the buyer in this transaction. The asset had been owned by the seller’s family since the 1950s, and the sale drew multiple offers over asking within 10 days.

Players

Austin Weisenbeck
51 deals$308.4M volume
BROKER

Sean Sharko
Marcus & Millichap
76 deals$407.7M volume
BROKER

Daniel Chumbley
Marcus & Millichap
4 deals$10.3M volume(630) 570-2217
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Daniel Chumbley, Sean Sharko & Austin Weisenbeck DATE: 08/07/2025 ADDRESS: 1615 Eastchester Road MARKET: Bronx ASSET TYPE: Medical Office BROKERS: Daniel Chumbley, Sean Sharko (@Srshsrko) & Austin Weisenbeck - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $4,200,000 SF: 14,110 ~ PPSF: $298 NOTE: Marcus & Millichap closed the $4.2M sale of a 14,110-square-foot net-leased DaVita Dialysis property in the Bronx. The asset, held by the seller’s family since the 1950s, drew multiple offers over asking within 10 days.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71