MarcuMillichap_NY, CBRE Sell Mixed-use Property On McClellan Street In Bronx For $3.95M With Peter Von Der Ahe, Seth Glasser, Elli Klapper & Charles Berger As Reps
SOLD
$3,950,000
+ 2
New York
See Similar DealsMixed-use35,025 SF
Sold 04/01/2021
SOLD
MarcuMillichap_NY, CBRE Sell Mixed-use Property On McClellan Street In Bronx For $3.95M With Peter Von Der Ahe, Seth Glasser, Elli Klapper & Charles Berger As Reps
215 McClellan Street, Bronx, NY, USA
See Similar DealsMixed-use35,025 SF
Sold 04/01/2021
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$112
Total Square Footage:35,025 SF
Transaction Type:Sale
215 McClellan Street, located in the Bronx, was recently sold in a mixed-use transaction. The property, consisting of 35,025 square feet, offers a total of 38 units. The sale price for this transaction was $3,950,000, resulting in a price per square foot of $112 and a price per unit of $103,947.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $3,950,000
- Address: 215 McClellan Street, Bronx
- Square Footage: 35,025
- Price per Square Foot: $112
- Units: 38
- Price per Unit: $103,947
Peter Von Der Ahe, Seth Glasser, and Mike Fusco from arcusMillichap_NY represented the buyer in this transaction, while Elli Klapper and Charles Berger from CBRE represented the seller, David Diamond.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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