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Daniel Group Acquires Mixed-Use Building From Brian Kent In Pelham Bay For $4M

Property Image
SOLD
$4,000,000

New York

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Mixed-use31,204 SF
Sold 12/03/2025
the dealdetailscomps
Property Image
SOLD

Daniel Group Acquires Mixed-Use Building From Brian Kent In Pelham Bay For $4M

3261 Westchester Avenue & 3271 Westchester Avenue

See Similar Deals
Mixed-use31,204 SF
Sold 12/03/2025
the dealdetailscomps

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$128
Total Square Footage:31,204 SF
Transaction Type:Sale

A mixed-use retail building located at 3261 Westchester Avenue & 3271 Westchester Avenue in the Pelham Bay market has been sold for a transaction price of $4,000,000. The building encompasses a total built square footage of 32,494, equating to a price per built square foot of $123. The building also has a square footage of 15,602, resulting in a price per square foot of $256.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,000,000
  • Buyer: Daniel Group
  • Seller: Brian Kent
  • Building Square Feet: 32,494
  • Building Price per Square Foot: $123
  • Total Square Feet: 15,602
  • Total Price per Square Foot: $256
  • Closing Date: December 3, 2025
  • Recording Date: December 10, 2025

Daniel Group’s 76 J LLC completed the acquisition of the property from Brian Kent’s Mha, LLC. This transaction reflects the operational strategies of both entities in the Pelham Bay real estate market.

Players

DG
Daniel Group
BUYER

Details

SOLD
IMAGE: 12/03/2025 ADDRESS: 3261 Westchester Avenue & 3271 Westchester Avenue MARKET: Pelham Bay, Bronx ASSET TYPE: Mixed-use BUYER: Daniel Group SELLER: Brian Kent SALE PRICE: $4,000,000 BSF: 32,494 ~ PPBSF: $123 SF: 15,602 ~ PPSF: $256 NOTE: Daniel Group’s 76 J LLC bought a mixed-use retail building at 3261–3271 Westchester Ave. in Pelham Bay from Brian Kent’s Mha, LLC for $4M, closing on Dec. 3 and recording on Dec. 10, 2025.

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

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49