facebook
Traded Co logo
Submit

Raymond Chakkalo Purchases Mixed-Use Property In East Harlem For $1.925M With Broker Alan Stenson

Property Image
SOLD
$1,925,000

New York

See Similar Deals
Mixed-use3,825 SF
Sold 10/09/2024
the dealplayerscompscontact
Property Image
SOLD

Raymond Chakkalo Purchases Mixed-Use Property In East Harlem For $1.925M With Broker Alan Stenson

175 East 116th Street

See Similar Deals
Mixed-use3,825 SF
Sold 10/09/2024
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$503
Total Square Footage:3,825 SF
Transaction Type:Sale

The property asset involved in the transaction is a mixed-use building located at 175 East 116th Street in the East Harlem market. It was sold for a price of $1,925,000, encompassing a total square footage of 3,825 with a price per square foot of $503.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,925,000
  • Address: 175 East 116th Street
  • Market: East Harlem
  • Square Footage: 3,825
  • Price per Square Foot: $503
  • Buyer: Raymond Chakkalo
  • Broker: Alan Stenson - Brax Realty

The transaction marks the first sale of this property in 50 years. Alan Stenson, representing Brax Realty, is currently marketing several more mixed-use and value-add buildings in the same area, indicating ongoing interest in property transactions within East Harlem.

Players

Alan Stenson
Brax Realty
Alan Stenson
20 deals$120.4M volume(646) 288-4757
BROKER

Details

SOLD
IMAGE: Alan Stenson DATE: 10/09/2024 ADDRESS: 175 East 116th Street MARKET: East Harlem ASSET TYPE: Mixed-use BUYER: Raymond Chakkalo BROKER: Alan Stenson (@Alan__Stenson) - Brax Realty (@BraxRealtyNYC) SALE PRICE: $1,925,000 SF: 3,825 ~ PPSF: $503 NOTE FROM BROKER: First sale in 50 years! We are currently marketing several more mixed use & value add buildings in this area. For more information, please contact: [email protected]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$102,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,839.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,125.48
Annual Debt Service$109,505.79