Daniel Group pays $4M for mixed-use in Pelham Bay

Daniel Group through the entity 76 J LLC paid $4 million to Brian Kent through the entity Mha, LLC for the mixed-use retail building (K1) at 3261-3271 Westchester Avenue in Pelham Bay, Bronx. The expected use is cash flowing.
The deal closed on December 3, 2025 and was recorded on December 10, 2025. The property has 15,602 square feet of built space and 16,908 square feet of additional air rights for a total buildable of 32,494 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $253 and the price per buildable square foot is $121 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Brian Kent was Mark A. Chapman. The signatory for Daniel Group was Edward Bullard Jr.. The contract date was September 30, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Daniel Group purchased eight properties in three transactions for a total of $14.9 million and sold one property in one transaction for a total of $2.9 million over the past 24 months.
The seller Brian Kent had not purchased any other properties and had not sold any properties over the same time period.

The property

The mixed-use building in Pelham Bay has 15,602 square feet of built space and 16,908 square feet of additional air rights for a total buildable of 32,494 square feet according to a PincusCo analysis of city data. The parcel has frontage of 77 feet and is 104 feet deep with a total lot size of 9,446 square feet. The lot is irregular. The zoning is R7-1 which allows for up to 3.44 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $2.5 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on January 5, 2017. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Pelham Bay, The bulk, or 27 percent of the 6.8 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 23 percent of the space. In sales, Pelham Bay has the 25th highest sale turnover among other neighborhoods in Bronx with $64.1 million in sales volume in the last two years. For development, Pelham Bay has had very little major development activity relative to other neighborhoods.It had 374,564 square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of two of the eight commercial properties representing 46,378 square feet of the 111,300 square feet. The two identified owners are Angela Gazivoda and Ken Huang.
On the tax block, there was one new building construction project filed totaling 37,616 square feet. It is a 37,616 square-foot 70 building submitted by Chris Karalis and filed by Chris Karalis with plans filed June 16, 2025 and it has not been permitted yet.

The majority, or 78 percent of the 111,300 square feet of built space are walkup buildings, with mixed-use buildings next occupying 14 percent of the space.

The buyer

The PincusCo database currently indicates that Daniel Group owned at least 44 commercial properties with 344 residential units in New York City with 393,471 square feet and a city-determined market value of $76 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 45 percent of the 393,471 square feet of built space are elevator properties, with walkup properties next occupying 26 percent of the space. The bulk, or 35 percent of the built space, is in Queens, with Brooklyn next at 27 percent of the space.

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