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215 McClellan Street, Bronx...

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
SOLDMixed-use

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

$3,950,000

$112/SF

Building Size

35,025 SF

Asset Type

Mixed-use

Closing

Mar 31, 2021

AI

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.

Players

Charles Berger

CBRE

Broker

$217.7M

vol

20 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.02%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93