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

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SOLD
$2,200,000

New York

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Mixed-use8,792 SF
Sold 12/15/2025
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Property Image
SOLD

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

115 Halstead Avenue

See Similar Deals
Mixed-use8,792 SF
Sold 12/15/2025
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$250
Total Square Footage:8,792 SF
Transaction Type:Sale

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.

Players

Michael Scrima
60 deals$214.1M volume
BROKER

Thomas Gorman Jr.
Houlihan Lawrence Commercial
62 deals$240M volume(914) 205-2020
BROKER

Sean Campbell
Houlihan Lawrence Commercial
15 deals$43.5M volume
BROKER

Houlihan Lawrence Commercial
BROKERAGE

Details

SOLD
IMAGE: Michael Scrima, Thomas Gorman Jr. & Sean Campbell DATE: 12/15/2025 ADDRESS: 115 Halstead Avenue MARKET: Harrison ASSET TYPE: Mixed-use (Commercial - 2 & Apt. - 4) BUYER: Angelo Agovino SELLER: Karen Kimerling BROKERS: Thomas Gorman Jr. (@ThomasGorman), Michael Scrima & Sean Campbell - Houlihan Lawrence Commercial SALE PRICE: $2,200,000 UNITS: 6 ~ PPU: $366,667 SF: 8,792 ~ PPSF: $250 NOTE FROM BROKER: Sold for 102.3% of ask price Free Market Apartments Sub 5% Cap rate

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$117,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47