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3261 Westchester Avenue

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

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

3261 Westchester Avenue & 3271 Westchester Avenue

$4,000,000

$128/SF

Building Size

15,602 SF

Asset Type

Mixed-use

Closing

Dec 3, 2025

AI

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 GroupBuyer

Bronx 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93