Ed Ostad Acquires Mixed-use Property In East Harlem For $4.05M With Brokers Josh Goldflam & Jeff Weiss - Highcap Group

Located in East Harlem, the mixed-use property at 120 East 116th Street has been sold for $4,050,000. The property spans 9,739 square feet, resulting in a price per square foot of $415. The sale was finalized on October 29, 2021, and the transaction involved the buyer, Ed Ostad, and the seller, Fred Abi-Hassoun. Representing both parties in the deal were brokers Josh Goldflam and Jeff Weiss from Highcap Group.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $4,050,000
• Address: 120 East 116th Street
• Market: East Harlem
• Square footage: 9,739
• Price per square foot: $415

The sale of the property at 120 East 116th Street in East Harlem was facilitated by brokers Josh Goldflam and Jeff Weiss from Highcap Group. These brokers represented the buyer, Ed Ostad, and the seller, Fred Abi-Hassoun. With an extensive understanding of the local market, the brokers played a pivotal role in ensuring a successful transaction.