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
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