Angelo Agovino Purchases Mixed-Use Property From Karen Kimerling For $2.2M In Harrison

The property involved in the transaction is located at 115 Halstead Avenue in the Harrison market. This mixed-use asset comprises two commercial units and four apartments, totaling six units. The sale price of the property was $2,200,000, with a price per unit calculated at $366,667. The total square footage is 8,792, which results in a price per square foot of $250. The property was sold for 102.3% of the asking price, representing a free market with apartments and a sub 5% cap rate.

Summary of transaction details:

• Property Type: Mixed-use (Commercial - 2 & Apt. - 4)
• Transaction Amount: $2,200,000
• Units: 6
• Price per Unit: $366,667
• Square Footage: 8,792
• Price per Square Foot: $250
• Buyer: Angelo Agovino
• Seller: Karen Kimerling
• Brokers: Thomas Gorman Jr., Michael Scrima & Sean Campbell - Houlihan Lawrence Commercial

This transaction involved key individuals including buyer Angelo Agovino and seller Karen Kimerling. The brokerage team representing the transaction was comprised of Thomas Gorman Jr., Michael Scrima, and Sean Campbell from Houlihan Lawrence Commercial, facilitating the sale in the competitive Harrison market.