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
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