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Minford Snaps Up Bronx Apartments

215 McClellan St., a 35-unit residential property with three commercial retail spaces, has traded for $3.95 million. Minford Associates acquired the property in the Concourse section of the Bronx from 215 McClellan Realty LLC. 

The CBRE team of Elli Klapper and Charles Berger spearheaded the marketing campaign and represented the seller. Marcus & Millichap’s Mike Fusco and Seth Glasser represented Minford.

“Despite the challenges faced due to recent rent regulation guideline changes in New York City as well as a global pandemic, we were able to work closely with the seller and buyer to bring this deal to a successful close,” said Klapper. “The seller, a longtime CBRE client, is one of the largest owners in the area and has maintained the property in immaculate condition, making it a terrific investment for the new ownership.”

The property is located just two blocks from the 167th Street subway station.


Inside The Story

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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