Mixed-Use Property Sold In Bronx For $1.85M With Marcus & Millichap Brokers
245 Mcclellan Street
$1,850,000
$254/SF
Building Size
7,264 SF
Asset Type
Mixed-use
Closing
Jan 12, 2026
AI
The asset involved in this transaction is a mixed-use property located at 245 McClellan Street in the Bronx. The transaction occurred at a price of $1,850,000, with a total square footage of 7,264, resulting in a price per square foot of $254.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,850,000
- Address: 245 McClellan Street
- Market: Bronx
- Square Footage: 7,264
- Price Per Square Foot: $254
The transaction was facilitated by brokers Seth Glasser, Michael (Mike) Fusco, Benjamin Myerow, and Christopher Mehran, all representing Marcus & Millichap in this deal.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93