The property located at 1875 Lexington Avenue in East Harlem is a mixed-use asset featuring a total sale price of $11,800,000. The property encompasses approximately 29,975 square feet and includes 30 residential units along with 6 commercial units, pricing the square footage at $393 per square foot.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $11,800,000
• Square Footage: 29,975
• Price per Square Foot: $393
• Residential Units: 30
• Commercial Units: 6
• Date of Transaction: 12/31/2024
• Buyer: Tahari Capital
• Brokers: Shimon Shkury, Victor Sozio & Alexander Taic - Ariel Property Advisors

This transaction is noted as the largest mixed-use property sale in East Harlem for the year 2024, highlighting the significance of this deal within the market. The brokers involved, Shimon Shkury, Victor Sozio, and Alexander Taic, represented the buyer, Tahari Capital, during the negotiation and execution of this sale.